Shares of Jet Airways on Wednesday surged nearly 20 per cent amid reports that some headway has been made in the deal between the Indian carrier and the Abu Dhabi-based carrier Etihad.
Alert: Urgent! Cabin crew (female) wanted for Etihad Airways.
This special fare offer will be available for sale from August 10 to 14 and for travel between September 10 and April 14 next year.
Jet Airways HQ owner wants resolution professional to vacate premises. The licence for occupying the place has been terminated, on account of the airline having not paid the rent after March.
Jazeera Airways started flying to India 18 months ago, servicing Ahmadabad, Delhi, Hyderabad, Kochi and Mumbai.
Paramount Airways claims to have a break even, as other Indian carriers are facing losses.
The city's 24-hour Air Quality Index, recorded at 4 pm every day, stood at 418, up from 334 the previous day, and it may trigger stringent restrictions under the third stage of the graded response action plan to mitigate hazardous conditions.
Kalrock Capital-Murari Lal Jalan combine has emerged as the frontrunner. A consortium of Imperial Capital and FSTC is the other bidder.
The resolution plan has to be put to work this month itself. Jet has a debt of over Rs 8,000 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.
Currently, Etihad has 24 per cent shareholding in Jet Airways
As he took the bow at the end of the Lakme Fashion Week x FDCI show, many in the crowd cheered for him with an inkling that the magic and the beauty they just witnessed on the ramp was perhaps for the last time. But no one in the fashion fraternity thought that Bal would pass away so soon.
This will enhance business and leisure travel between the UAE and Canada and feed passengers onto each other's flight networks.
The company is offering a million tickets at 25% discount, valid for travel between June 15-October 15
British Airways covers over 150 destinations in 75 countries while in India the carrier operates 49 flights a week from London's Heathrow airport to Mumbai, New Delhi, Chennai, Bengaluru and Hyderabad.
The carrier had failed to provide accurate information on a tarmac delay.
The bulk of Indian carriers flying to Dubai are low-cost carriers, which include IndiGo, Air India Express, and SpiceJet.
The order came days after Goyal told the court that he had "lost every hope of life and it would be "better if he died in jail" than living in such a situation.
The company's chief operating officer Capt Hameed Ali will be the acting CEO.
Old-timers say Jet boss Naresh Goyal, although still razor sharp, doesn't have the same energy he once did and this reflects in his 'baby'.
The Doha-based airline operates across 145 business and leisure destinations spanning over the Middle East, Asia Pacific, Africa, North America and South America with a fleet of 139 aircraft.
The Naresh Goyal-promoted private airline, in which UAE national carrier Etihad holds 24 per cent stake, is facing acute cash crunch after posting two back-to back quarterly losses this year.
Gulf carrier Etihad Airways on Thursday entered into an agreement with the Chennai Super Kings (CSK) to become its official sponsor.
Jet Airways scrip on Thursday ended nearly 11 per cent higher after the company announced plans to sell 24 per cent equity to Etihad Airways for about Rs 2,058 crore.
A consortium - comprising Imperial Capital, Flight Simulation Technique Centre, and Big Charter - have placed a bid for Jet, while the other consortium is led by Kalorck Capital.
A Kathmandu-bound Jet Airways flight with 111 people on board was on Monday halted minutes before take-off from the IGI Airport in New Delhi after a bomb threat.
A Dubai-bound Jet Airways flight from Mumbai with 54 passengers and 7 crew onboard was on Thursday diverted to Oman capital Muscat following a bomb threat where it landed safely.
India will require 1,740 planes over the next 20 years.
The daily flights will be operated by a Boeing 777-200 in a three class configuration offering, flat beds in Club World, World Traveller plus and World Traveller seats.
Jet's advertising and that of most other airlines has been limited to new routes or promotional fares.
The government is examining alleged financial irregularities, sources of funding and other aspects of Jet Airways, the Lok Sabha was informed on Friday.
The bureaucrat has alleged that another Indian family was also offloaded as they offered biscuits to the child to console him.
State Bank of India on Monday invited bids from strategic as well as financial bidders for stake sale in ailing Jet Airways, and the bids have to be submitted by April 10, said a public notice.
Jet Airways founder Naresh Goyal's cancer was at a preliminary stage and not life threatening, a special court said here on Thursday while refusing to grant him interim bail on medical grounds. The court, however, permitted Goyal, arrested in a money laundering case, to undergo cancer treatment at a hospital of his choice for two months. Goyal (74), who is lodged in Arthur Road jail in central Mumbai, had sought to be released on interim bail to undergo treatment for cancer.
Jet Airways on Tuesday launched its online booking facility with e-ticketing enabling passengers to book tickets to any of its destinations in India on the Internet.
The airline has been laying off cabin crew starting from April 30 and 30-50 employees are being given pink slips almost on a daily basis, an industry source said.
Etihad earns about 23 per cent of its passenger revenue from code-share and equity partners, and this would increase after its tie-up with Jet.
Airline denies sacking, says it is recruiting to meet its operational needs
The Boeing website lists the price of a Boeing 737-800 aircraft at $90.5 million.
Jet said a resolution plan that contemplates various options, including proportion of equity infusion by various stakeholders and the consequent change in the company's board, is being worked out.
Jet Airways -- which has been flying for 25 years - on Friday described reports that the airline cannot fly beyond 60 days as "incorrect and malicious" as well as denied any talks of stake sale.
