Jet Airways, India's largest airline in terms of marketshare, is looking at an equity dilution, said Founder and Chairman Naresh Goyal.
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 airline has been defaulting on salaries for some time, making partial payments in some cases or not paying at all, as it continues to lose money mainly in domestic routes where it can't raise fares facing competition from low-cost airlines.
British Airways became the first global carrier to provide a direct connectivity between London and Bangalore when is first flight touched down at the IT city this morning. \n
Today, Paramount is the market leader in the South with a 27 per cent share.
The Jet deal would be the first foreign investment into India's aviation market.
Three Sikh musicians, removed from a flight at the Sacramento airport in California about a year ago, have received an apology and an undisclosed amount from the US Airways under a settlement with the airlines. Sikh organizations had termed the incident as of racial profiling and discrimination.
Malaysia's low cost carrier Air Asia and Singapore-based Tiger Airways have been locked in a war of words, with heads of both the companies taking digs at each other in public over alleged racist remarks by the Malaysian carrier's ethnic Indian chief.
Jet Airways plans to connect European cities through its partnership with Thalys rail network. Since last week the airline has been offering connectivity to Paris via Brussels on Thalys train network.
Cites high valuations as reason for exit.
Yet another private carrier, Indus Airways, will take to the sky this month-end launching services initially to north Indian cities from Delhi and Mumbai with two 50-seater Canadian Regional Jets.
Easing competitive pressure, rising ticket prices offer respite from high fuel costs and effects of weak rupee.
The Jet plane was on the taxiway when the follow-me-up vehicle saw a fire in the left engine of the aircraft.The pilot was told to hold and shut the engine, they said.
A day after budget carrier SpiceJet announced fares starting at Rs 499 across its domestic network, Jet Airways too jumped on the bandwagon rolling out Rs 500 fares for the economy class on its domestic flights for a limited period.
UK flag carrier British Airways plans to tie up with an Indian domestic carrier in a franchise partnership.
Kuwait's new national airline, Jazeera Airways, will start direct flights to New Delhi and Mumbai from July 1.
CCI's ruling came on a complaint filed by Express Industry Council of India.
Surinder Pratap, whose Twitter handle carried the tweet, was neither detained nor arrested by Jaipur police since it said no case was registered against him in the city.
The proposed $400 million rights issue of Naresh Goyal-promoted private airline Jet Airways will hit the capital market by mid-October.
Even as the cloud of uncertainty hangs over Jet Airways' Executive Director Saroj Datta's future in the airline, the company announced on Tuesday the resignation of its Senior Vice-President N Hariharan and Vice-President (flight operations) Ritzerwan Bin Rashid. Rashid's resignation came into effect on May 15 2008. Rashid has been replaced by Declan Connolly.
UAE-based carrier RAK Airways will start services from Ras Al-Khaimah to five Indian destinations, including New Delhi and Mumbai from April this year.
"We are considering operating to Paris, Amsterdam, Rome, some places in Germany and other parts of continental Europe. Shanghai and Beijing are also being looked at. We have applied to the Civil Aviation Ministry for traffic rights (to these destinations). We are hopeful of getting approvals soon", Jet Chairman Naresh Goyal said.
Jet Airways on Thursday blamed a steep fall in the rupee, slowdown in the domestic aviation market and rise in fuel costs for a sharp widening in standalone net loss at Rs 891 crore in the July-September quarter.
Central Bank of India classified its loans to Go First as non-performing assets (NPAs) in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24). The no-frills carrier has been under insolvency proceedings since May 2023 and ceased operating flights on May 3 this year. The public sector lender's exposure, including government-guaranteed emergency credit to the ailing airline, amounts to about Rs 2,000 crore.
Jet Airways on Saturday announced a special offer, which would enable its economy class passengers to upgrade to the business class by paying an additional amount of Rs 500 to 1,200 on the normal economy class fares.
To introduce 'Guest First' programme to attract corporate customers; its market share and load factor lower than rivals
Naomi Campbell has been banned from British Airways for spitting at a policeman in a row over a missing bag. A source said that the decision was important because no ban would have sent a wrong signal.
Rumours of Prock-Schaeur's departure have been rife ever since he completed three years with the airline (which was when his contract freed him to leave the carrier without any financial implications). Wolfgang's departure will be the latest in a series of departures from Jet Airways. In the last few weeks, Kingfisher has lured away several senior executives including Murli Ramachandran, senior general manager for airport services.
Lawsuit issue was a dispute over payment, with GE Capital Aviation Services and Celestial Aviation Trading.
Revenues declined to Rs 3,921.92 crore.
Jet will have 56 flights (around 9,400 seats a week) from four destinations from New Delhi, Mumbai, Kochi and Kozhikode to Bahrain and Doha (non-stop), Muscat and Kuwait, and cater to the middle and upper ends of the market.
The customer can get a Mumbai-London-Mumbai ticket for Rs 40,943 including all taxes and levies.
Jet Airways, which is yet to resume operations under its new owner, will reduce salaries for various staff and send many employees on leave without pay, amid uncertainty over resumption of its operations. The measures, which will be effective from December 1, were revealed hours after the winning bidder Jalan-Kalrock Consortium (JKC) said it might take "difficult" near-term decisions to manage cashflows. The once-storied airline shuttered operations in April 2019 and JKC's resolution plan was approved under the insolvency process by the National Company Law Tribunal (NCLT) in June last year.
Jet Airways is in an advanced stage of talks with aircraft makers and lessors to lease planes and expects to restart operations in the coming weeks, according to executives at the airline. The once-storied carrier is now under the ownership of the Jalan-Kalrock consortium and its air operator certificate was revalidated by aviation regulator DGCA in May this year. The executives said the operations of Jet Airways will commence before the end of this year and the initial fleet plan is close to being finalised.
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.
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