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.
All the airline's guests will travel on Thursday to Amsterdam in 15 buses and will be accommodated there in hotels.
Cites high valuations as reason for exit.
Jet Airways, India's largest airline in terms of marketshare, is looking at an equity dilution, said Founder and Chairman Naresh Goyal.
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.
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.
Jet Airways had to shut down its no-frills subsidiary JetKonnect after the latter failed to perform.
Vistara and AirAsia India have been lobbying for the relaxation of this rule.
The proposed $400 million rights issue of Naresh Goyal-promoted private airline Jet Airways will hit the capital market by mid-October.
Airline posted a consolidated loss of Rs. 128 crore in the first quarter of 2011-12.
Sources involved in the bidding process confirmed that the entity had submitted a bid but expressed doubt over its acceptance
The airline in a statement attributed the decision to slash salaries to developments in the market, including the Gulf region.
Jet Airways is keen to improve its market share
Increases seats in the premium segment, scraps loss-making domestic flights
As part of cost reduction efforts, the full service carrier has asked its employees, including pilots, to take steep pay cuts
Pilots will strictly go by the roster and perform all "stabilised approach
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 Rashid has been replaced by Declan Connolly.
Jet Airways made a stand-alone profit of Rs 87.5 crore (Rs 875 million).
The airline now has a total of 1,120 pilots of whom 88 are foreign pilots.
The assurance to pilots came after a meeting between the two sides at the airline's headquarters in Mumbai on Wednesday, airline sources told PTI on Tuesday evening.
A Jet Airways flight from Mumbai to London, with more than 300 people, triggered a major scare when it lost contact with the Air Traffic Control after getting intercepted by German fighter jets. The flight then had to be escorted by German Air Force fighter planes before it landed.
17,266,801 equity shares of Rs 10 each offer to be made through book-build process.
Total revenue dropped to Rs 5,406 crore in the first quarter of the current financial year from Rs 5,508 crore in the same period a year ago
IndiGo continues to fly high as the top airline in India while crisis-hit SpiceJet has some good news.
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.
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.
Sources said Abu Dhabi-based Etihad would pick up 24 per cent stake.
Easing competitive pressure, rising ticket prices offer respite from high fuel costs and effects of weak rupee.
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.
Jet Airways, one of India's two main domestic airlines, is likely to report its second loss ever in the fiscal year to March 2003 because of flat demand in the aviation industry, a company official said.\n\n
Jet Airways Ltd said on Friday it made a profit in the June quarter compared to a loss in the year-ago period, helped by a drop in fuel expenses.
Inter-ministerial consultations are continuing on "some queries" sought by US authorities from India regarding allegations made against Jet Airways by an American firm of the same name, Lok Sabha was informed on Thursday.
Jet Air boss Naresh Goyal wants everyone to try his airline's superior service -- and he wants his breakfast on time.
Expanding its wings in the international skies, leading carrier Jet Airways on Wednesday entered into a codeshare agreement with Australia's Qantas and said it would start flights to the US by next year.
Despite adding no new aircraft, Jet Airways saw more departures during the year, it flew more people, and achieved a higher load
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 financial turnaround with the Etihad partnership and debt restructuring has not fully materialised.
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