An official of the aviation regulator DGCA had said that the pilots aborted the take off after they were informed about a 'barrier' on the runway
Jet and Etihad have already agreed upon a Rs 4,000-crore interim financing plan according to which Etihad will put in Rs 750 crore either on its own or from an offshore or onshore lender, and a matching amount will be provided by the Jet lenders.
He urged employees to bear with him in this difficult situation a little longer, till the airline emerges out of turbulence and fiscal challenges.
However, the tribunal rejected the plea by the Netherlands based vendors for filing an intervention application, saying the Dutch district court had no jurisdiction to order bankruptcy of Jet Airways.
Nidhi Chaphekar, a Jet Airways crew member who was injured in the Brussels airport bombings, has been discharged from a hospital in Mumbai.
Together with Jet Airways we will have 61 flights to Amsterdam and Paris during the winter season. That also makes us the second largest airline group after Lufthansa, which has 67 weekly flights, and we are catching up to become the first, says KLM CEO Pieter Elbers.
Go First chief executive officer Kaushik Khona and tribunal-appointed interim resolution professional Abhilash Lal on Thursday reached out to the airline's staff, seeking their support for revival. While Khona said the company had taken all steps for the airline's revival, Lal put forward the view it would have to raise funds. Employee engagement took place a day after the National Company Law Tribunal (NCLT) admitted the airline's insolvency plea on Wednesday and ordered a moratorium on recoveries.
The petition said that acts of the Centre and DGCA were highly prejudicial to employees of the company who have been waiting to get paid for the last five months and have been looking forward to the resolution in bid process.
The salaries for August were to be paid in two instalments -- 50 per cent by September 11 and the remaining by September 26.
Jet Airways has also been asked to provide details of the pilots who are "habitual" of reporting sick and disrupting the airline's schedule, an official said.
Jet and Etihad stand to benefit from cost savings and synergies in areas such as fleet acquisition, maintenance and training.
Jet's operating fleet reduced from 103 planes in October 2018 to 35 now, leading to massive cancellations and a surge in airfares
Jet Airways expects to return to profit in the next 18 months, following implementation of a new route network and fleet strategy and cost optimisation measures.
He was also the first to be booked under the stringent Anti-Hijacking Act which had replaced the vintage law of 1982.
According to media reports, Securities and Exchange Board of India is debating whether to reopen the issue of an open offer for shareholders of Jet Airways after another regulator said that Etihad enjoys joint control over the Indian airline.
A SpiceJet official allegedly told some Jet pilots that they were doing a "charity" by hiring them.
Nidhi, 42, who has not yet recovered from the injuries suffered in the terrorist attack, arrived around 7.30 am on Friday on a Paris-Mumbai Jet airways flight and was driven to Breach Candy hospital from the airport.
In a rare move, the DGCA has filed a police complaint against 34 pilots of Jet Airways, IndiGo, SpiceJet and GoAir.
Over 30 passengers have suffered ear and nose-bleed after the crew on Jet Airways flight 9W 697 reportedly forgot to select a switch that helps maintain cabin air pressure
Last year, Jet Airways and Air France-KLM signed an enhanced cooperation agreement' for the development of their operations between Europe and India
Tickets can be booked from its counters, on the website, on the mobile app, or through agents
The decision to allot vacant slot to other carriers has been taken to reduce the inconvenience of passengers and facilitate induction of additional capacity.
Jet said three of its aircraft were temporarily grounded for engine normalisation and are expected to rejoin scheduled operations on February 1.
Domestic air traffic in April this year consisted 10.99 million passengers as compared to 11.51 million passengers in the same month last year, signifying a fall of around 4.5 per cent,
SBI chairman Rajnish Kumar said Naresh Goyal would be eligible to bid for the airline when the lenders auction it next month.
Despite the best ever quarterly net profit of Rs 3,091 crore during April-June of financial year 2023-24 (Q1FY24), challenges are mounting for InterGlobe Aviation-run IndiGo in the near term, said analysts. Given this, most brokerages have retained their ratings from 'buy to underperform', as well as their target price for the stock. For instance, Motilal Oswal Financial Services has retained its 'neutral' rating on the scrip as it believes the low-cost airline is facing teething issues at present.
A video clip of the heated exchange onboard the flight on December 16 was shared on social media on Wednesday.
Barring stray references such as the 'dual control' of banks and shifting the goalposts during demonetisation, he is not in a fault-finding mode with the government, notes Tamal Bandyopadhyay.
Though NCLT has extended window to find a buyer, bankers don't see much hope of a deal.
Once again, there seems to be an airfare war in India.
From a surge in airfares to rattled aircraft lessors to thousands of employees staring at uncertainty, it has been a month of continued turbulence since cash-strapped Go First suspended flights from May 3. As the government and other stakeholders hope that Go First restarts operations at the earliest, plans are being worked out for the budget airline's revival. A section of Go First staff are optimistic about restarting of operations, another section are pessimistic about the airline's future course considering what had happened to erstwhile Kingfisher Airlines and Jet Airways, according to employees who spoke to PTI.
'Airports must look at their maximum capacity to handle passengers.'
With full-service carrier Jet Airways and budget airline SpiceJet operating 737 MAX planes, the DGCA has decided to seek information about the aircraft from Boeing as well as the two domestic carriers in view of the air crash in Ethiopia.
The stake-purchase agreement with Jet, second largest domestic passenger market share, will make Etihad the first foreign carrier to buy into an Indian airline.
According to the revised plan, promoter Naresh Goyal, his wife Anita Goyal and the directors nominated by the promoter would be asked to step down from the board, and the lenders, as part of the resolution process, will infuse around Rs 1,200 crore into the airline as emergency funding.
The aviation sector is upbeat, with Jet Airways and SpiceJet recording profits in the quarter ended June and foreign institutional investors (FIIs) increasing their stakes in all the three listed carriers Jet Airways, Kingfisher Airlines and SpiceJet.
Jet Airways plans to increase capacity on international routes by reconfiguring existing aircraft and adding new ones.
Independent directors were supposed to safeguard the interest of all stakeholders.
India's international carrier Air India has come to the relief of Jet Airways passengers, after Jet had to cancel over 130 flights when 400 pilots failed to show up for work.
The airline owes lakhs of rupees to passengers and its vendors.
