US Airways faces a possible second bankruptcy filing next month and even liquidation if it fails to reach a new agreement with its unions, according to a consultancy firm.
Jet is losing money fast, beset by high costs, low fares and cut-throat competition in its domestic market.
Jet Airways chairman Naresh Goyal said his airlines, if given permission, would start off by flying to Southeast Asian countries.
Of 1,400 pilots the airline has, 200 have quit in the past few months because of salary delays.
The Indian government had given permission for the airlines to operate flights from these destinations, its CEO James Hogan told a press conference in Chennai on Thursday. Once connected to Kolkata and Jaipur, Etihad would have doubled its Indian destinations to eight, ever since it commenced services to Thiruvananthapuram and Kochi last year, before adding New Delhi and the commercial capital of Mumbai.
Kuwait Airways said on Thursday that it would suspend nine flights from India and reschedule existing flights to cope with a drastic fall in passenger traffic following the war in Iraq.
Ninety years later, BA counts the country as its second-biggest overseas market after the US.
Jet Airways' management may not able to implement the pay cut it wanted in lieu of retaining 800 retrenched employees. That's because the Shiv Sena has now got into the act after the breakaway Maharashtra Navnirman Sena's prominent supporting role to retrenched employees.
Crisis-hit Go First has sought various interim directions from the National Company Law Tribunal, including restraining lessors from taking back aircraft and regulator DGCA from taking any adverse action against the airline. The Wadia group-owned airline, which has liabilities worth Rs 11,463 crore, has sought voluntary insolvency resolution proceedings and the plea is set to be heard by the Delhi bench of the NCLT on Thursday. Go First has cancelled all its flights for three days starting from May 3.
Former Director General and CEO of IATA, Giovanni Bisignani, says Jet Airways chief Naresh Goyal developed his airline's business class mock-ups in utter secrecy inside the garage of his London home.
The BJP also went on to label Kaul a "Pakistani sympathiser" and posted headings of a couple of her writings on X.
Kuwait Airways and Indian Airlines have been ordered by a Delhi consumer court to pay Rs 10,000 each to passengers in separate cases for denying seats to them despite their having confirmed tickets.
With its current cover set to expire on April 16, Jet Airways is seeking a cover of around $5.5 billion from the government-owned Oriental Insurance.
Shares of Jet Airways on Friday tanked nearly 6 per cent, eroding Rs 282 crore from its market capitalisation amid investor concerns whether its stake-sale deal with the Abu-Dhabi based carrier Etihad would materialise.
The liquidity crunch in global markets following the crisis in the US sub-prime mortgage business has prompted Jet Airways to postpone its $ 400 million rights issue to finance the airline's aircraft acquisition by two or three months.
A hijack threat call delayed the departure of a Jet Airways flight from here to Bangalore on Monday afternoon.
Jet Airways on Tuesday said it will buy 10 aircraft from US-based aerospace major Boeing to expand its international operations.
Jet Airways returns to profit after seven straight quarterly losses
The total income of the airline also rose to Rs 2,877.17 crore.
Current FDI norms allow a foreign airline to hold up to 49 per cent in a domestic carrier.
Talk to any member of the cabin crew on any Indian airline and you will hear the worst horror stories. Almost always, the targets of abuse in the air are female staff members who are called 'servants' or worse, points out Vir Sanghvi.
The sudden massive cancellations of Jet have put travel agents and customers in jeopardy
Has also sought permission to share with Virgin Atlantic for new routes in Britain.
During the January-July period, passenger growth jumped 21.13 per cent to 455.78 lakh.
UAE carrier Qatar Airways on Friday launched the first of its daily flights between Doha and Delhi and announced it would introduce 11 more to India in the next few weeks, taking the total number of its services to 30.
The launch is timed around the festive and holiday season in India and Indian travelers will have convenient flight options from five cities in India to Las Vegas, a press release said. Indian travellers will not only have convenient flight options from five cities but also 45 flights per week to Las Vegas.
Jet Airways, IndiGo have gained market shares as SpiceJet cancels flights.
At the NSE, the stock zoomed up by 8 per cent to Rs 444.
Passengers can book the combined plane-train journey as a single ticket.
Jet Airways India Ltd on Wednesday reported a net profit of Rs 95.34 crore (Rs 953.4 million) for the quarter ended June 30,2005 as compared to Rs 51.96 crore (Rs 519.6 million) for the corresponding quarter in 2004-05. \n
Cheering the move, shares of Jet opened the day on a bullish note and further jumped 7.26 per cent to Rs 414.70 on the Bombay Stock Exchange.
After four-odd years of focusing on reducing debt, the series of deals with Etihad could finally get it out of the spiral.
Jet Airways has complained to India's aviation regulator about the use of its livery on SpiceJet aircraft, saying the practice could "mislead the public" and is a safety hazard. Jet collapsed in 2019 and lessors repossessed its Boeing 737s. Some of these aircraft were leased to SpiceJet, which operates them without changing the livery. Jet, which is now being revived by the Kalrock Jalan consortium and aims to restart operations in September, has asked the Directorate General of Civil Aviation (DGCA) to ask SpiceJet to stop using its livery.
British Airways and Air France said on Thursday they will mothball their fuel-guzzling Concorde fleets at the end of October, ending 27 years of supersonic commercial air travel.\n\n\n\n
Rejecting allegations of stashing away unaccounted money in Swiss accounts, Jet Airways on Friday said there is no account in the name of its Chairman Naresh Goyal in HSBC Bank, Geneva, though he is entitled to have bank accounts outside India as he is a Non-Resident Indian.
Aircraft reconfiguration and Kingfisher's slide help the airline consolidate its top spot, but widening losses and IndiGo's rapid rise are big concerns.
