Vistara, Air Asia lead losses in FY19; Vistara loses Rs 1.33/km

Air India Express, the no frills airline that is part of the Air India family, was the only one to make money in the financial year gone by, while others lost between 3 paise to 2.88 rupees for every kilometer that their passengers traveled during the year. As expected, the biggest loser among the big […]

JET AIRWAYS FALL: Airfares are ‘normal’ now, says Govt

The civil aviation ministry said airfare levels in India have largely returned to normal, after a spike seen immediately after the shut down of operations of Jet Airways in April. The ministry also said that no airline was observed to have charged outside the declared fare brackets in the aftermath of the closure of operations […]

NSE seeks clarification from Jet Airways on Brit entrepreneur’s interest

The National Stock Exchange on Wednesday sought a clarification from Jet Airways regarding reports that a British entrepreneur has expressed interest in acquiring it. The NSE has asked Jet Airways whether such negotiations were taking place and whether it was aware of any information that has not been informed to both NSE and BSE. This […]

SBI says no plan to buy Etihad’s stake in Jet Airways

State Bank of India said it has no plans to buy the 24% stake owned by Abu Dhabi-based Etihad Airways in embattled Indian carrier Jet Airways. The report ” is factually incorrect and no such transaction has been contemplated,” SBI said in a statement today. The clarification comes in the wake of heavy criticism that […]

Jet Airways outlines more cost-cutting as Q2 sees Rs 1,297 cr loss

Jet Airways managed to sequentially bring down its pretax loss by a smidgen due to its recently started cost cutting measures during the second quarter, and announced further measures to reduce losses. Even as revenue rose sequentially by Rs 170 cr in Jul-Sep quarter, total non-tax expenses rose by only Rs 144 cr, which had […]

Jet Airways to put cost-cutting measures before board on Monday

The board of directors of Jet Airways, the body that acts as the representative of all shareholders, will on Monday consider the cost cutting measures proposed by the management of the airline, the company said. “The Audit Committee and the Board of Directors at their meeting scheduled to be held on Monday, 27 August 2018, […]

Jet Airways to challenge CCI penalty in price fixing case

Jet Airways said it will challenge the order of the Competition Commission of India to impose a fine of Rs 39.81 cr  for allegedly colluding with its rivals to fix air fares. In a statement on Wednesday, the Competition Commission said Jet Airways, SpiceJet and IndiGo engaged in “concerted action in fixing and revising Fuel […]

Jet Airways cancels several flights from Mumbai due to rains

Jet Airways said it is cancelling several of its flights from and to Mumbai to cope with the situation created by incessant and heavy rains in the city. The flights include those to Vodadara, Delhi, Bangalore, Ahmedabad, Chandigarh and others. “Inclement weather in Mumbai during the last 24 hours, including the suspension of arrivals and […]

Jet Airways inks codeshare agreement with Aeromexico

Jet Airways said it inked an agreement with Aeromexico, the flag carrier airline of Mexico, to explore codeshare arrangements and shared frequent flyer programs. As part of the arrangement, both carriers will code on each other’s services between India and Mexico via common gates in Europe (London Heathrow, Paris Charles De Gaulle and Amsterdam). To […]

Jet Airways starts pilot-training course, to create 380 pilots in five years

Jet Airways launched a Commercial Pilot License training programme aimed at creating more than 380 professionals over the next five years, the company said. As part of the program, the first set of 60 cadets will begin training in the second half of 2017, with ground school and flight training at CAE’s flight academies in […]