Much before its sack order to 1,900 employees turned into a publicity nightmare, Jet Airways had handed marching orders to 1,000 workers and even managed to keep it under wraps.
There could be a fare war in the Indian skies to beat competition from Vistara.
A mix of financial and strategic mistakes combined with poor expectations of the management are the reasons for the downfall of Indian airlines. For Jet, the deathly potion was even more toxic on account of the bitter squabbles between promoter Naresh Goyal and strategic partner Etihad Airways.
Jet Airways would have four directors on the board; there would be seven independent directors as well.
Jet Airways on Monday announced India's first interline e-ticketing agreement with KLM Royal Dutch Airlines, Northwest Airlines and British Airways.
Rakesh Jhunjhunwala-backed new airline Akasa is in talks with US aerospace company Boeing for buying up to 100 737 Max aircraft. Former Jet Airways CEO Vinay Dube and his family members are promoters while ex-IndiGo president Aditya Ghosh is a board member of the airline. The airline is in negotiation with Boeing and has reached out to the government to recertify the aircraft which has been grounded since 2018 after two crashes killing 349 persons, according to sources in the know.
Lok Sabha Speaker Somnath Chatterjee and other passengers onboard a Jet Airways flight had a narrow escape on Sunday when their plane had to abort landing and take a 'go-around' after the pilot spotted another aircraft on the runway.The Southern China Airlines was on the ground and was taxiing for take off on runway 29. The aircraft came onto the runway due to some apparent communication gap.
"With the regulatory approval process now finalised for the new route, we are very pleased to enter this new stage of Jet Airways' North American expansion," Jet Airways founder and chairman Naresh Goyal said.
The launch saw plane seats displayed on a huge stage. Those seats 'are considered the world's most revolutionary and most luxurious airline seats -- designed exclusively for Jet Airways,' it was claimed.
Etihad will be able to carve out a strong niche in the Indian market.
Jet Airways would start its operations in the gulf countries from January 5, connecting India with Bahrain, Kuwait, Oman and Qatar, a senior official of the airline said. Kuwait will be connected to New Delhi and Kochi, while Bahrain will have flights to Mumbai and Kochi. Doha will have flights to Mumbai and Kozhikode and Muscat will be connected to Kozhikode and Kochi.
This versatile lentil salad can be a whole meal by itself or an accompaniment to a light evening repast.
Work with Jet Airways as a cabin crew professional or stand a chance to win a unique Rs 5 lakh-scholarship from Virgin Atlantic to study abroad. Read on for details
Sensex heavyweight Reliance Industries fell 2.76 per cent. In percentage terms, major laggards were Yes Bank, Indusind Bank, RIL, ICICI Bank, HDFC and Axis Bank -- plunging as much as 6.62 per cent.
Jet Airways on Friday said its 24 per cent stake sale to the gulf carrier Etihad will bring down its debt to $1.5 billion from the current $2.1 billion.
Jet has already confirmed an order for 50 737-MAX planes together with up to 10 777-300ERS from Boeing.
The interim funding has not been forthcoming thus far, and as a result Jet has extended cancellation of international operations until April 18.
Even in ruin, Jet retained its one essential brand quality: Dignity, says brand guru Sandeep Goyal.
Will be the first choice if Naresh Goyal decides to sell stake in future.
Abu Dhabi has asked for an increase in seat capacity post Jet-Etihad deal. If Indian government agrees, more fliers will use Etihad than Air India. This will spell disaster for the country's national carrier.
Etihad is in talks to pick up a 24 percent stake in Jet.
Air India, Jet Airways and United fly to these airports from Mumbai and Delhi.
Jet, earlier, pulled out of Johannesburg, New York routes.
The increase has been effected from the second fortnight of this month.
India, UAE yet to conclude bilateral investment promotion and protection agreement.
Jet Airways has entered into a special code sharing agreement with the world's largest carrier American Airlines for India-US flights.
Jet Airways, which is in the process of finalising a stake sale deal with Etihad Airways, plans to extend its code share agreement with the Abu Dhabi-based carrier to the Mumbai-Brussels-Newark route, sources said.
JetLite, which was acquired by Jet Airways for Rs 1,450 crore, is operating three of its seven Canadian-built Bombardier airplanes. JetLite has a total 24 aircraft, including Boeing B737s.
Currently, Vistara has more than 22 planes and operates around 850 flights every week.
The two parties have been in talks for a month and a half.
JetLite is the new brand name of Lucknow-based airline Air Sahara after Jet Airways acquired it for Rs 1,450 crore in April this year.
While Air India and Jet Airways flights to Kathmandu were grounded at Indira Gandhi International Airport in New Delhi, no-frills airline AirAsia's Goa flight from Bengaluru also failed to take off on scheduled time due to similar reasons.
While full service carriers (such as Jet Airways, Kingfisher Airlines and Air Sahara) offer food onboard and personal attention, low-cost carriers (such as Air Deccan, SpiceJet and GoAir) do not offer many of these services.
Private carrier Jet Airways on Monday launched daily flights between Mumbai and Raipur.
According to the monthly traffic data for November, released by the Directorate General of Civil Aviation on Wednesday, IndiGo continues to lead the pack with a market share of 27.3 per cent.
A revamped Air India under the Tata Group will be a real challenge while new airline Akasa Air will be a far less competitive force for the next two-three years, IndiGo CEO Ronojoy Dutta said on Wednesday. Akasa Air, which is backed by former IndiGo president Aditya Ghosh, ace investor Rakesh Jhunjhunwala and former Jet Airways CEO Vinay Dube, got the no-objection certificate (NOC) from the Ministry of Civil Aviation on Monday.
An Air India spokesperson said AI 191 Mumbai-Newark and AI 101 Delhi-New York have been indefinitely delayed due to the hurricane. Passengers have been informed and transit passengers have been provided hotel accommodation in Delhi, the spokesperson said
Experts say Roy has got a great price for Air Sahara, which was steadily losing market share. The company was also burning a lot of cash to keep the airline afloat.
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