The money is expected to be disbursed by the lenders consortium led by SBI after the Jet management submits an operational plan on how it intends to use the money till May 7.
Jet is the only airline offering four weekly flights on the route.
Jet Air shares rally on expectations that continuing troubles at rival SpiceJet will help it gain market share.
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.
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.
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.
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.
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.
Full-service carriers remain unfazed by the introduction of the business class segment by budget airlines.
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).
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.
An executive of a private airline said even though volume picked up, it will be difficult for airlines to make money as fares have remained low even during festive season.
A Jet Airways customer service assistant told PTI that the suspension had been ordered in view of poor passenger booking.
Six months after entering into a strategic alliance, Jet Airways and Kingfisher Airlines will soon launch code-share flights on select routes.
Naresh Goyal, after being ousted with his wife from the board last week, and with his shareholding halved to 25 per cent, can still make a comeback by partnering a new investor and win back majority control.
The board of directors of Jet Airways has given its in-principle approval to acquire 26 per cent stake in MAS GMR Aerospace Engineering Company for an unspecified amount.
The airline assured passengers of the disrupted flights that they will get full refund of their tickets.
Jet Airways chairman Naresh Goyal on Tuesday met civil aviation secretary Madhavan Nambiar on Tuesday against the backdrop of pilots of the private carrier refusing to report to work to protest against the sacking of two of their senior colleagues.
The Regional Labour Commissioner (Central Region) has decided to mediate between Jet Airways and its pilots who have issued a strike notice to protest the airline's decision of not reinstating two terminated employees.
Despite having started at least a decade later than Jet Airways, IndiGo accounts for the lion's share in the domestic market
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.
A few days back Jet Airways discovered six passengers with false passport/travel documents on their flight, which landed in Brussels from New Delhi. They didn't detect their documents were false when they boarded the plane in New Delhi.
Jet Airways has terminated the services of 43 trainee junior technicians of the engineering department as part of its cost-cutting measures.
Jet Airways on Friday suspended their crew for allowing playback singer Sonu Nigam to sing from the aircraft's address system during a flight.
The pilots have been served 30-day notice stating that their services were not required at this stage, a Jet Airways source told PTI on Tuesday.
Vistara was operating from Delhi, Mumbai, Ahmedabad and Goa.
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.
Faced with mounting costs and falling revenues, private airline Jet Airways has laid off 110 employees.Of these employees, 50 are contract employees who have 'superannuated,' and another 60 are probationary cabin-crew.
The real mover and shaker behind the development that grounded India's largest airline remained mostly out of the public eye. That was 63-year-old NAG President Captain Girish Kaushik who was doing the heavy lifting in Delhi and Mumbai.
The standoff ended after talks between the two sides late on Saturday
Jet Airways, just out of a pilots' strike, sprung a surprise by announcing a 50 per cent discount this week on its Economy Class fares on all domestic flights.
Even as Jet Airways's pilots and the management were hectically working out a settlement to end their stir on Friday, latest reports coming in say that pilots are not likely to return to work even on Saturday and the parleys would continue to break the deadlock that has severely disrupted flights affecting thousands of passengers.
The civil aviation ministry has asked airlines not to charge excessive fares from passengers in the wake of agitation by pilots of Jet Airways.Media reports said that following strike by Jet pilots, other airlines were charging an average of Rs 9,000-10,000 for Mumbai-Delhi route, while some are even charging up to Rs 15,000 per seat.
Jet Airways and Kingfisher Airlines said they found it unnecessary to shell out an extra Rs 10 crore for the new terminal, especially since they would have to shift to the new integrated terminal -- T3 -- in less than a year. T3, when it begins functioning in March 2010, will be an integrated terminal for all operators. Kingfisher, Kingfisher Red and IndiGo have already started operations from the new T1D terminal, while Jet Airways, JetLite and SpiceJet are yet to shift.
At least 10 flights of Jet Airways and its subsidiary out of Delhi were cancelled on Tuesday as a large number of pilots did not report to work in protest against sacking of two of their colleagues, a move described as "sabotage of operation" by the airlines.
