Else customers will face capacity shortages and high fares.
Jet Airways says its expansion plans are not linked with the $400 million qualified institutional placement issue
India perhaps is the only market in the world where full-service and low-cost fares have become one.
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
Jet Airways and Kingfisher will operate an additional flight each from Delhi and Mumbai to Chandigarh, which is adjacent to Mohali.
The order, valued at 'nearly $9 billion at list prices', was signed at Dubai Air Show 2021 on Tuesday.
India remained the world's fastest growing domestic aviation market with 51 straight months of doubled-digit traffic growth but the woes of passengers as well as carriers manifested in myriad forms.
Demand for the earlier variant 737NG planes is also expected to pick up due to the grounding of MAX planes.
Jet is the only airline offering four weekly flights on the route.
A Coimbatore-bound Jet Airways plane with Union Home Minister P Chidambaram on board returned to the Chennai airport on Friday due to a technical problem that developed mid-air.The problem was detected while the flight was mid-air, following which it flew back to Chennai, airport officials said. Later, the passengers including Chidambaram were put on another Jet Airways flight which left for Coimbatore, they said.
The airline will deploy Airbus 330-200 aircraft for the purpose.
The guild, which claims to represent around 1,100 of the 1,600 Jet pilots, had earlier warned to go on strike from April 1, unless their salary dues were cleared and clarity was provided on future payments by March 31.
Jet Airways said on Tuesday its aggressive overseas and domestic expansion plans are not linked with the $400-million qualified institutional placement issue that provides cushion for buying more aircraft.
Jet Air shares rally on expectations that continuing troubles at rival SpiceJet will help it gain market share.
Earlier on Wednesday, a bomb squad rushed to the spot after the airlines received the threat call and the plane was taken to an isolated area and the passengers were asked to de-plane the aircraft.
Private carriers Jet Airways and Kingfisher owed over Rs 1,050 crore (Rs 10.50 billion) to the public sector oil marketing companies (OMCs) like Indian Oil, HPCL and BPCL towards the payment of jet-fuel bills as on November 15.
The Raj Thackeray-led Maharashtra Navnirman Sena (MNS) on Monday asked private carrier Jet Airways to make announcements in Marathi and also Marathi movies and newspapers mandatory in flights operating from Mumbai.
Weeks before shutting down operations on April 17, a logistics vendor had taken possession of a Jet aircraft--a Boeing 777--at the Amsterdam airport for non-payment of dues.
Three senior executives - Pradeep Kumar (senior vice- president, cargo), Shrimanikandan Ananthvaidyanathan (chief information officer) and Praveen Iyer (vice-president, revenue management), have quit amid worsening financial situation
Controversies have perennially dogged Jet Airways. The latest tussle with the pilots has further dented the company's reputation, demoralised employees, inconvenienced thousands of passengers and resulted in losses running into crores for the beleaguered airline.
'Now we will have real employees as the owner of the airline.'
Having lost their case in the Bombay High Court (HC) against deregistration of their union, Jet Airways pilots plan to go to an industrial tribunal.
Unless Naresh Goyal pulls the proverbial rabbit out of his hat or reveals an unexpected ace of spades, the airline he built from scratch - many refer to it as "his baby" - may slip out of his grasp, says Anjuli Bhargava.
The airline intends to raise the money to meet its cash flow requirements and had got the shareholders' approval for the same on July 24.
Thoughtful talent management during a downturn separates good performers from the ordinary, says Kanika Datta.
With the London airport opening up after wide-spread flight disruptions caused by volcanic ash from Iceland, Air India and Jet Airways on Wednesday readied themselves to resume operation to the UK.
Under the resolution plan, the lenders would end up having a sizable portion of shares in the airline, if their boards of directors agree to convert part of their debt into equity.
Jet Airways on Friday suspended their crew for allowing playback singer Sonu Nigam to sing from the aircraft's address system during a flight.
Jet Airways had purchased a 2.5-acre plot from the Mumbai Metropolitan Region Development Authority in March 2008 for Rs 826 crore (Rs 8.26 billion) for developing its global headquarters. However, the airline did not go ahead with the plans and started negotiations to sell off the land.
The agreement would allow the travellers to fly United Airlines' trans-Atlantic flights from London to Chicago, Los Angeles, San Francisco, Denver and Washington and trans-Pacific flights from Hong Kong to Chicago and San Francisco.
With the airline's operations suspended, how are you navigating this crisis?
Police said the Mumbai-based man identified as Clince Varghese, 26, and hailing from Thrissur district was an anchor of a popular music channel and he was detained for questioning along with his 27-year-old male friend. The two men were booked on the flight(9W 825) that was delayed by two hours following the incident, an airport official said.
The Bombay High Court would examine the Ernst & Young report on the erstwhile Sahara Airlines buyout by Jet Airways to decide the onus on payment of tax liability amounting to Rs 107 crore (Rs 1.07 billion).
Full-service carriers remain unfazed by the introduction of the business class segment by budget airlines.
Naresh Goyal-owned private airline Jet Airways is understood to be considering providing meals on its all economy service Jet Konnect.
The carrier has deployed Airbus 330-200 aircraft on the route.
More than a year after joining hands with Kingfisher Airlines, Jet Airways is still in talks with the Vijay Mallya-led carrier for code sharing and other initiatives to achieve operational synergies and reduce costs.
Despite having started at least a decade later than Jet Airways, IndiGo accounts for the lion's share in the domestic market
Vistara was operating from Delhi, Mumbai, Ahmedabad and Goa.
Six months after entering into a strategic alliance, Jet Airways and Kingfisher Airlines will soon launch code-share flights on select routes.
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