Abu Dhabi-based Etihad Airways may have agreed on a valuation of $1.25 billion for an undisclosed stake in Jet Airways. ...
02:31 PM, Jan 22, 2013
Jet Airways confirmed on Thursday that it was in talks with Abu Dhabi's Etihad Airways for a potential stake sale in the Indian carrier, although terms have not been finalised yet. "Various structures are being explored by the legal and commercial teams and care being taken to ensure that all the Indian regulatory requirements are fully complied with," Jet said in a statement to the Bombay Stock Exchange. ...
02:49 PM, Jan 03, 2013
The BSE Sensex edged higher on Thursday for a third consecutive session of gains, closing at 19764.78, as technology stocks, such as Infosys, advanced on expectations for better-than-expected quarterly earnings results. ...
09:44 AM, Jan 03, 2013
Jet Airways Ltd is the frontrunner for an investment by Gulf carrier Etihad Airways, a senior government source told reporters on Wednesday, adding a deal was likely in 10 days. ...
05:20 PM, Jan 02, 2013
National carrier Air India flew a record number of passengers last Friday when it carried over 50,000 in a single day on its national and international routes, sources said in Mumbai on Tuesday. ...
07:41 PM, Dec 25, 2012
Private carrier Jet Airways on Tuesday said it has put in place several measures including deployment of additional planes and cancellation and rescheduling of some flights to deal with the problem of fog. ...
08:30 PM, Dec 18, 2012
Gulf carrier Etihad Airways, seeking to widen operations in India and other Asian markets, is in the final stages of talks to buy part of either Jet Airways or grounded rival Kingfisher Airlines, an Indian government official said on Monday. A deal, which the official said could be announced by next week, would be the first since the government relaxed ownership rules in September to allow foreign airlines to invest...
08:12 AM, Dec 18, 2012
Shares of Jet Airways on Tuesday surged seven per cent to touch its one-year high level in morning trade amid reports of a possible deal between the airline and United Arab Emirates' Etihad Airways for stake sale. ...
12:37 PM, Dec 04, 2012
A Jet Airways employee, a Delhi police officer and an immigration officer have been chargesheeted for allegedly running a "human trafficking" racket. The Special Cell of police filed the chargesheet in a court against Immigration officer Chaman Azhar, Jet Airways staff Manoj Sarpal and police sub-inspector Naveen Chandra alias Rajiv, indicting them for allegedly facilitating travel of passengers on forged passports and immigration stamps. ...
07:35 PM, Nov 26, 2012
New Delhi: Rejecting allegations of stashing away unaccounted money in Swiss accounts, Jet Airways on Friday said there is no account in the name of its Chairman Naresh Goyal in HSBC Bank, Geneva though he is entitled to have bank accounts outside India as he is an NRI. "...There is no account in the name Mr Naresh Goyal in the Swiss bank as has been alleged. Besides, Mr Naresh Goyal...
08:19 PM, Nov 09, 2012
New Delhi: With two major airports in the US reopening after being hit by superstorm Sandy, Air India and Jet Airways on Wednesday announced resumption of their flights to New York and Newark from Thursday. Air India would operate AI-101 Delhi-New York and AI-191 Mumbai-Newark (EWR) flights in the wee hours on Thursday, while Jet Airways would operate its flights 9W-228 and 9W-227 to and from EWR via Brussels, spokespersons...
09:50 PM, Oct 31, 2012
New Delhi: Jet Airways and Air India on Monday cancelled its flights to Newark and New York due to Hurricane Sandy which is set to hit the East Coast of the United States. These are among more than 7,600 flights that have been cancelled across cities on the East Coast due to the hurricane even as millions of people were evacuated from cities that are likely to be affected. Air...
08:20 PM, Oct 29, 2012
New Delhi: With rising costs, Indian carriers would operate 19 per cent less number of flights this winter compared to 2011, though no-frill airlines would put in more flights during the busy season starting this month-end. Full-service carriers, Air India and Jet Airways, along with their no-frill subsidiaries Alliance Air and JetLite, would operate less number of flights, while all no-frill airlines -- IndiGo, SpiceJet and GoAir, would significantly increase...
05:12 PM, Oct 17, 2012
New Delhi: Air travel has become costlier with major Indian carriers hiking fuel surcharge on tickets, ranging from Rs 150 to Rs 250 for domestic travel and $15 (Rs 825) for a one-way international ticket, following an almost eight per cent increase in jet fuel prices. While Air India introduced the increased fuel surcharge on Tuesday itself, Jet Airways and its subsidiary JetKonnect would raise it from Wednesday, officials of...
11:02 PM, Sep 04, 2012
New Delhi: Jet Airways, India's biggest airline, posted a surprise quarterly profit on Friday after its strong financial position relative to two troubled rivals enabled it to raise fares and attract more passengers. The unexpected profits posted by Jet and by second-biggest budget airline SpiceJet earlier in the week have raised hopes for at least a partial recovery of India's ailing airline industry after its carriers lost a combined $2...
03:31 AM, Aug 04, 2012
Mumbai/New Delhi: After posting a loss of Rs 298 crore in the last quarter, Jet Airways has sought government clearance to scale down its flights to the northeastern region by about half to stem the losses. The airline, which currently operates around 38 daily services in several northeastern destinations, has written to the Civil Aviation Ministry to allow it bring these operations down by nearly 50 per cent, sources said,...
12:30 PM, Jun 24, 2012
Beijing: With a potential air market of hundreds of millions of people, airlines ought to be hammering on India's door - yet global airline executives say it would be madness to invest in a domestic carrier there, even if they were allowed to. Although India's economy is not the investor darling it was some years ago, the 1.2 billion population includes a sizeable middle class with increasing disposable income and...
09:23 AM, Jun 13, 2012
Beijing: Air fares in India were about 300 per cent higher than those in China and some other countries because of high tax rates, Jet Airways chief Naresh Goyal said on Sunday, asserting that the aviation industry could not grow with such taxation. "The Indian (aviation) industry can't grow with the taxes. In fact, India is the only country in the world to impose a service tax on their airlines....
11:20 AM, Jun 11, 2012
New Delhi: After virtually shutting the doors on 100 sacked Air India pilots, the government is working on a plan to replace them with those shed by some private airlines like Jet Airways. Civil Aviation Minister Ajit Singh on Thursday said alternative plans were being made to ensure that operations of the state-run carrier were normalised within two-three months so that the revival plan could be put in place. Observing...
11:56 PM, Jun 07, 2012
Mumbai: There was a scare on Jet Airways' flight 9W 523 from Mumbai to Riyadh on Monday. The flight was asked to return to bay by the ATC just before take-off. Reports say the flight was asked to return to bay after smoke was spotted in one of the engines. The fire was extinguished and the passengers were evacuated. There were around 115 passengers on the flight and all of...
09:40 AM, May 28, 2012
