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Tag: Jet Airways

DGCA grants Jet Airways air operator certificate, can resume commercial flight ops
DGCA grants Jet Airways air operator certificate, can resume commercial flight ops

The airline intends to restart commercial flight operations in the July-September quarter.

Jet Airways gets MHA security clearance to resume flight operations
Jet Airways gets MHA security clearance to resume flight operations

Now the airlines will soon be conducting proving flights under the watch of the sector regulator Directorate General of Civil Aviation to demonstrate its ability to take to the skies again.

Aviation Veteran Sanjiv Kapoor Appointed As Jet Airways CEO
Aviation Veteran Sanjiv Kapoor Appointed As Jet Airways CEO

"I always believe in investing in human capital and by having Sanjiv as the CEO and Vipula as the CFO, I am certain Jet Airways will reclaim its lost glory and surpass everyone's expectation."

Jet Airways' bankruptcy process begins, stock soars 150%

Mumbai: Jet Airways Thursday became the first domestic airliner to go into bankruptcy as the NCLT admitted an insolvency petition filed by State Bank on behalf of 26 lenders, sending its share price soaring a whopping 150 percent after having plumbed life-lows for many days. While SBI made a claim of Rs 967 crore from […]

Banks give up on Jet Airways revival,choose to send it to NCLT

Mumbai: State Bank of India-led consortium of lenders Monday decided to send the grounded Jet Airways to the National Company Law of Tribunal (NCLT) as they have not yet received any concrete proposal for the airline. The decision was taken after a meeting of the lenders. “After due deliberations, the lenders have decided to seek […]

Air India could post over Rs 7,600 crore loss in 2018-19, highest so far

New Delhi: In what could make Air India sale an uphill task for the government, the national carrier could report highest-ever loss of over Rs 7,600 crore in financial year 2018-19 on account of low fleet utilization and high fuel prices among others. An official source said the total revenue in the previous fiscal stood […]

SpiceJet adds 100th aircraft to its fleet

New Delhi: Budget airline SpiceJet on Sunday said it has added a new Boeing 737 aircraft to its fleet, taking its total strength to 100 aircraft. SpiceJet is the fourth domestic airline to have 100 aircraft in its fleet, after Air India, IndiGo, and the now grounded Jet Airways. Its fleet now comprises of 68 […]

Clarity on Jet Airways expected in a week: SBI chief

New Delhi: It may not be over till it is over. Even as some industry veterans believe that grounded Jet Airways may have hit the end of the road, State Bank of India (SBI) Chairman Rajnish Kumar remains optimistic that clarity over the future course of the airline will emerge in a week’s time. “Various options […]

More Air India flights to Dubai from early June

New Delhi: Seeking to fill the void created by Jet Airways’ suspension of operations and peak summer travel demand, state-run Air India has added capacity on the busy Delhi-Dubai, Mumbai-Dubai and Delhi-Mumbai sectors. India-Dubai is considered one of the most lucrative sectors as demand is always very high on the route due to high business […]

Jet Airways CEO Vinay Dube quits

Mumbai: Jet Airways Tuesday said its CEO Vinay Dube has resigned from the company due to personal reasons. This is the second high profile exit in as many days at the grounded Jet Airways after Deputy CEO Amit Agarwal put in his papers on Monday. In a filing to stock exchanges, the airline said Dube […]

Jet CFO, Deputy CEO Amit Agarwal quits

New Delhi: Grounded Jet Airways continues to lose its senior executives dashing hopes of the airline’s revival. The latest to quit the company is its Chief Financial Officer (CFO) and Deputy Chief Executive (CEO) Amit Agarwal. The exit comes days after the airline’s top executive Gaurang Shetty, considered close to founder Naresh Goyal, resigned from […]

Air India offers 40 per cent discount on 'tatkal' air tickets

New Delhi: State-run Air India has decided to offer a 40 per cent discount on ‘tatkal’ air tickets on domestic routes. The move is set to help flyers get reasonably-priced tickets for emergency travel. Airlines generally sell last-minute ticket at very high prices. “Generally, an emergency leads to the last-minute demand. Such a traveller is […]

Delhi HC issues notice to Jet Airways on consumer plea

New Delhi: The Delhi High Court on Wednesday issued notice to Jet Airways on a plea seeking prompt redressal of consumer complaints in the wake of the ongoing crisis. A Division bench of Chief Justice Rajendra Menon and Justice Anup Jairam Bhambhani also asked the Directorate General of Civil Aviation (DGCA) and Ministry of Civil Aviation […]

Jet tells staff it can not provide Mediclaim

New Delhi: Faced with severe liquidity crisis, grounded Jet Airways has informed employees that it will not be able to fund the premium of Group Mediclaim Policy and advised them to take medical cover of their choice. IANS first reported on April 27 that Jet employees face uncertainty over extension of their Mediclaim provided by the […]

Jet issues gag order, fearing impact on stake sale

New Delhi: The grounded Jet Airways has issued a gag order to its employees advising them to refrain from speaking with external stakeholders. An internal mail accessed by IANS suggests that talking with external stakeholders especially the media might impact the bidding process for airline’s stake sale. “We are currently at a critical stage of our […]

Jet fails to get funds, to suspend operations

Mumbai: Jet Airways announced that it has temporarily suspended all flight operations from Wednesday night as the airline failed to secure an interim funding for maintaining even bare minimum operations. The company’s decision came after the airline failed to secure an interim funding from lenders to stay afloat. Currently, the airline only operated five aircraft […]

Mallya expresses sympathy with Goyal, slams Centre

New Delhi: Embattled liquor baron Vijay Mallya has once again attacked the government for discriminating between public sector and private airlines while extending solidarity with crisis-hit Jet Airways and its founder Naresh Goyal. In a series of tweets, Mallya said he was sorry that so many airlines had bitten the dust in the country. “Even though […]

Jet asks for Rs 400 cr; fleet down to 5 aircraft

Mumbai: Financially-challenged Jet Airways has reportedly requested lenders for an interim funding of Rs 400 crore to stave off a temporary closure, even as its current operational fleet further shrunk to five aircraft. According to the Civil Aviation Secretary Pradeep Singh Kharola, the airline on Tuesday operated only five aircraft down from seven yesterday. Under […]

Prabhu asks review of Jet Airways-linked issues

New Delhi: Civil Aviation Minister Suresh Prabhu on Tuesday directed his Ministry officials to review issues related to high airfares, passenger rights and safety as the finically challenged Jet Airways struggles to stay afloat. “Directed Secretary @MoCA_GoI to review issues related to Jet Airways, especially increasing fares, flight cancellations etc. Asked him (Pradeep Singh Kharola) to […]

Jet cancels flights till April 18, board meet tomorrow

Mumbai: Jet Airways’ troubles don’t seem to getting over anytime soon. With no funds coming from lenders, the beleaguered airline has extended suspension of its international operations till April 18. “The interim funding has not been forthcoming thus far, and as a result we have extended cancellation of international operations through Thursday,” said CEO Vinay […]

Jet pilots, engineers joining SpiceJet at 30-50% pay cut

New Delhi: Low-cost carrier and top rival SpiceJet appears to be making the most of the crisis at Jet Airways. Spicejet is now hiring engineers and pilots at much lower pay than their current salaries at the financially-troubled Jet. Industry sources told IANS that pilots from Jet Airways are being asked to take salary cuts of […]

Prabhu asks Aviation Secretary to review Jet issue

New Delhi: Civil Aviation Minister Suresh Prabhu on Friday said he has directed the Secretary for Civil Aviation to review issues concerning Jet Airways and take required steps to minimise passenger inconvenience. The statement comes after the debt-ridden airline on Thursday suspended long-haul west-bound flight departures for one night. “Directed Secretary @MoCA_GoI to review issues […]

Jet Airways 'working on resolution plan', pilots serve notice

New Delhi/Mumbai: Even as debt-ridden Jet Airways was served a legal notice from a section of its pilots, airline’s CEO Vinay Dube on Tuesday said the company continues to work with lenders on the balance sheet restructuring plan and will inform the employees about the progress of the process by early next week. According to […]

Jet lessors approach DGCA to de-register 18 aircraft

New Delhi/Mumbai: More turbulence seems to be in store for debt-ridden Jet Airways, as lessors to the airline have approached India’s civil aviation regulator to de-register 18 aircraft owing to unpaid dues. At present, Jet Airways’ operates 26 aircraft from a fleet size of 119. According to industry insiders, the Directorate General of Civil Aviation […]

Six entities for Jet EoI; stake sale up to 75%

New Delhi/Mumbai: Global private equity firm TPG Capital and international airline such as Lufthansa are among six entities who are believed to have shown interest in the “expression of interest” stake sale process of the debt-ridden Jet Airways, sources said. The development comes as lenders of the debt-ridden airline invited EoI for stake sale in […]

Ex-SBI chief Purwar front-runner to head Jet interim board

New Delhi: Former State Bank of India (SBI) Chairman Arun Kumar Purwar tops the list of probables to head the interim board of Jet Airways, among others, sources told IANS. The other names doing the rounds include Janaki Ballav and Arundhati Bhattarcharya, both former chairpersons of SBI, according to people privy to the developments. Banking […]

Jet's backdoor nationalisation as state-run banks step in

New Delhi: Jet Airways promoter Naresh Goyal and his wife on Monday announced their decision to step down from the board of the airline he had founded 25 years ago under pressure from lenders who are being seen as rescuers of an asset that nearly went bust but for the government’s intervention. Experts say the […]

Will not fly if no clarity on Jet's future: Pilots

New Delhi/Mumbai: Jet Airways pilots’ union on Tuesday decided to refrain from operating flights if they are not given complete clarity on the company’s resolution plan and future by March 31. The decision was taken by the union members who met in Mumbai to chart out their future course of action. Accordingly, the over 1,000 […]

Passengers complain as flight cancellations continue

New Delhi: As airlines continued to cancel more flights on Thursday, passengers took to the social media to vent their ire. On the second straight day, 32 SpiceJet flights were axed on Thursday following the grounding of its 737-MAX aircraft. The budget carrier said: “Due to cancellations and rescheduling of some of our flights, we […]

spicejet flights from Jharsuguda to Mumbai Bengaluru
Airfares soar over 100% as airlines cancel flights

New Delhi/Mumbai: Air passengers face the grim prospects of high air fares and fewer flight choices as several airlines cancel operations due to a number of reasons including the grounding of 737-MAX aircraft. According to industry insiders, some sectors have shown a rise of more than 100 per cent in last minute bookings. “With an […]

India's air passenger traffic to double in next 20 years: IATA

New Delhi: Global airline association IATA on Wednesday said that it expects the number of passengers flying to, from or within India to double in the next 20 years. The International Air Transport Association said that India is even looking at trebling the passenger numbers by 2037 when some 500 million people are expected to […]

Jet Airways
Jet Airways revises cancellation charges for domestic flights

New Delhi: Jet Airways has revised its change and cancellation fees for its flights within India, based on the number of days prior to the travel date that the change or cancellation is made. According to the airline, the change and cancellation fee in its premier (business class) classic fare will be Rs 2,300 and […]

Four Jet Airways aircraft grounded for non-payment of lessors' dues

New Delhi/Mumbai: Financially troubled Jet Airways on Thursday said that four of its aircraft have been grounded for non-payment of dues to lessors. According to a regulatory filing to the BSE, the airline said that it is actively engaged with all its aircraft lessors and “regularly provides them with updates on efforts undertaken by the […]

Jet flyer deplaned, arrested over terror threat

Kolkata: A passenger on board a Jet Airways Kolkata-Mumbai flight was arrested on Monday here after a fellow passenger heard him using words like “terrorist” and “destroy” over telephone, police said. Yogvedanta Poddar, was forced to deboard and handed over to the Central Industrial Security Force (CISF) after a co-passenger overheard his telephonic conversation and […]

Jet Airways extends Diwali fare sale on robust demand

Mumbai: Jet Airways on Tuesday announced an extension of its ongoing Diwali fare sale up to November 11 due to “an overwhelming response”. The scheme allows passengers to make savings of up to 30 per cent on economy and premiere fares across its network as well as those of its codeshare partners – Air France and […]

Jet Airways
Jet receives payment delay notice from aircraft lessors

Mumbai: Jet Airways on Wednesday said that it has received notices for payment “delays or defaults” from some aircraft lessors. “Whilst the company is in receipt of notices for payment delays or defaults from few aircraft lessors, they are mindful of the challenges currently faced by the Indian aviation industry and they have been supportive of […]

Jet Airways
30 passengers 'bleed' in Jet Airways flight

Mumbai: At least 30 passengers on a Jet Airways Mumbai-Jaipur flight suffered ear and nose bleeding due to low cabin pressure during the ascent here on Thursday, an official said. The flight 9W-697 with 166 passengers and five crew, was forced to return back to Mumbai shortly after take-off, said a Jet Airways spokesperson. Several […]

jet-airways Air Odisha
Air Odisha, Jet commence Udan flight services on Jagdalpur-Raipur-Vizag & Allahabad route

New Delhi/Raipur: Air Odisha on Thursday commenced flight operations on the Jagdalpur-Raipur-Vizag route under the regional air connectivity — UDAN — scheme. Airline major Jet Airways too commenced operations under the air regional connectivity — UDAN — scheme from Allahabad. According to the airline, Prime Minister Narendra Modi inaugurated Air Odisha’s flight route Jagdalpur-Raipur-Vizag from […]

Jet Airways' discounted fares, new norms for 'Smart Luggage' on-board

New Delhi: Jet Airways on Thursday said it will offer a discount of up to 30 per cent on travel from India to all international destinations across its network. The discounted fare sale will be open till January 15. The airline operates flights to 20 destinations across the globe. Meanwhile, the Airline major on Thursday […]

jet-airways Air Odisha
Jet Airways crew member held for carrying USD worth Rs 3.21 crore

New Delhi: A Jet Airways lady crew member was arrested here on Monday for allegedly carrying US dollars worth Rs Rs 3.21 crore, a Directorate of Revenue Intelligence (DRI) official said. “US Dollars valued at Rs 3.21 crore recovered from a lady crew member of a Hong Kong bound Jet Airways flight last night at […]