To introduce 'Guest First' programme to attract corporate customers; its market share and load factor lower than rivals
No-frills carrier IndiGo's market share stood at 36.8 per cent in February while that of Jet Airways was 18.4 per cent.
The IRP has admitted 33 claims from banks worth Rs 8,462 crore, and is verifying Rs 15,044-crore claims from operational creditors and staff.
India perhaps is the only market in the world where full-service and low-cost fares have become one.
The government has begun consultations on relaxing the eligibility criteria for allowing Indian carriers to fly abroad, Rajya Sabha was informed.
Govt says domestic carriers' financial health a concern.
Full service product with complementary meal service would be provided on all domestic flights from December 1, with the buy-on-board concept being discontinued, an airline statement said.
Jet Airways on Thursday blamed a steep fall in the rupee, slowdown in the domestic aviation market and rise in fuel costs for a sharp widening in standalone net loss at Rs 891 crore in the July-September quarter.
Vistara reported a passenger load factor of 45.4 per cent.
IndiGo was the only airline to have reported profits during this period, barring 2011-12 when it made a loss of about Rs 88 crore (Rs 880 million.
Jet Airways has also been asked to provide details of the pilots who are "habitual" of reporting sick and disrupting the airline's schedule, an official said.
Jet Airways requires at least 200 more pilots to carry out its operations in a seamless manner
Jet Airways, IndiGo and GoAir achieved operating profits of Rs 122.6 crore (Rs 1.22 billion), Rs 795.8 crore (Rs 7.95 billion) and Rs 85.1 crore (Rs 851 million) respectively during the same period, Minister of State for Civil Aviation K C Venugopal said in reply to a question.
Domestic air traffic logged 14.35 per cent growth in November as compared to the corresponding period last year propelled by the festive season rush.
Domestic air traffic grew by over 18 per cent last month compared to October last year as Air India's passenger load factor overshot that of IndiGo which had the largest number of flight cancellations, official data showed on Monday.
Heavy rains lashed the national capital, bringing much needed respite from hot and humid conditions, but also caused water-logging and brought the traffic to a standstill in various parts of the city on Tuesday evening.
The large scale diversion on the night of January 5-6 was mainly because of these aircraft being operated by pilots not trained on Category-III Instrument Landing System, DGCA sources said.
The airline notification to an exchange does not name the shareholder. It said the fund-raising would be subject to regulatory and corporate approvals.
Domestic air traffic rose 20.81 per cent in June on the back of low fares and peak season demand.
A financial turnaround with the Etihad partnership and debt restructuring has not fully materialised.
Jet Airways (India) Ltd has defaulted on lease rentals of its Boeing 737s, highlighting the financial difficulties faced by the airline.
In India currently, Air India, Jet Airways and its subsidiary JetLite are members of the IOSA and conform to the safety standards set by this audit on a regular basis.
Old-timers say Jet boss Naresh Goyal, although still razor sharp, doesn't have the same energy he once did and this reflects in his 'baby'.
Jet's advertising and that of most other airlines has been limited to new routes or promotional fares.
IndiGo's passenger load factor, at 67% in July, fell six percentage points from the same month last year.
Though Vistara is not a low-cost carrier, it could benefit from the fact that the difference between the fares of LCCs and economy class of full-service carriers in India is minimal today.
National carrier Air India became part of the 27-member global airlines grouping Star Alliance, as budget airline AirAsia India launched operations and Tata-SIA joint venture carrier Vistara received the flying permit and announced its intentions to start operations from January 9.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
AirAsia says deal not violative of shareholder agreement.
Airline now financially more stable but still in the doldrums as the operating environment remains tough.
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