There could be a fare war in the Indian skies to beat competition from Vistara.
After 18 months of closure, what really could be salvaged? And the answer sadly is, precious little, Patience, perseverance and plenty of moolah is the way forward even assuming intent is in place, says Anjuli Bhargava.
Under the fare policy announced, domestic passengers opting for lowest fares will not be served complimentary meals
Over the past several months, the airline has struggled to pay vendors and staff salaries on time.
"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.
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.
Etihad will be able to carve out a strong niche in the Indian market.
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.
The fairy tale turnaround story has, however, taken a few knocks after a second wave of the pandemic has brought a series of default notices and has posed the toughest test for the 55-year old Singh to save the airline he founded and sold to the Marans only to assume control later.
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
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.
Air India, Jet Airways and United fly to these airports from Mumbai and Delhi.
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.
Jet Airways has entered into a special code sharing agreement with the world's largest carrier American Airlines for India-US flights.
Jet, earlier, pulled out of Johannesburg, New York routes.
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.
The increase has been effected from the second fortnight of this month.
India, UAE yet to conclude bilateral investment promotion and protection agreement.
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.
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.
The two parties have been in talks for a month and a half.
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.
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.
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.
The interim funding has not been forthcoming thus far, and as a result Jet has extended cancellation of international operations until April 18.
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.
Even in ruin, Jet retained its one essential brand quality: Dignity, says brand guru Sandeep Goyal.
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.
Aviation stocks - Jet Airways, Deccan Aviation, SpiceJet and Jagson Airlines - closed at their 52-week highs on the Bombay Stock Exchange on Tuesday in falling market. All the four stocks gained between 5 per cent and 20 per cent on Tuesday.
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.
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
Currently, Vistara has more than 22 planes and operates around 850 flights every week.
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