Jet Airways has entered into a special code sharing agreement with the world's largest carrier American Airlines for India-US flights.
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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.
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.
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 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.
Etihad is in talks to pick up a 24 percent stake in Jet.
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.
Jet, earlier, pulled out of Johannesburg, New York routes.
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.
Top gainers in the Sensex pack included Vedanta, Coal India, ICICI Bank, PowerGrid, HCL Tech and Bajaj Finance, rising up to 2.65 per cent.
Private carrier Jet Airways on Monday launched daily flights between Mumbai and Raipur.
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, 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.
Ace stock market investor Rakesh Jhunjhunwala, often referred to as India's own Warren Buffet, passed away at the age of 62.
The two parties have been in talks for a month and a half.
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.
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.
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 continuation of the highest standard by the FAA will be a relief for Indian airlines especially the Tata group which intends to increase Air India flights on India-US routes. US aviation watchdog Federal Aviation Administration (FAA) has completed the audit of India's aviation regulator DGCA. Sources said that the FAA team was satisfied with the work and changes in regulations by India and is likely to maintain a Category 1 status rating under its International Aviation Safety Assessment (IASA) programme.
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.
Oriental Insurance Company Ltd hopes to bag the Air Sahara insurance business after its merger with Jet Airways.
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.
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
Get special international return fares on Jet Airways, Air India and Kuwait Airways.
Aiming at attracting Indian travellers to major global and domestic destinations, foreign and Indian carriers are vying with each other by offering discounted tickets.
At the end of September quarter, Tail Winds held 68,15,843 shares, equivalent to 7.89 per cent holding, of Jet Airways.
Wadia Group-owned Go First Airways' (Go First) insolvency plea could trigger a 'momentum rally' in shares of rival airlines, Interglobe Aviation (parent company of IndiGo) and SpiceJet, as they look to gain bankrupt airline's market share, said analysts. On the bourses, shares of InterGlobe Aviation hit a 52-week high of Rs 2,235.95, surging 8 per cent on the BSE in Wednesday's intra-day trade, before settling 4.5 per cent higher at Rs 2,164 apiece. Those of SpiceJet and Jet Airways, meanwhile, rallied up to 6 per cent in the intra-day trade, and ended 1 per cent and 5 per cent higher, respectively, following the development, which was announced post market hours on Tuesday.
Jet Airways Chairman Naresh Goyal will purchase over one per cent stake in the airline from another promoter entity, Tail Winds, for up to Rs 45 crore (Rs 450 million).
These additional flights will complement the daily flight being operated between the two destinations by the airline, according to a press release.
