Kuwait | November 25, 2013 17:17 (IST)
Kuwait Airways chairman, Sami al-Nisf, said on Monday he had been suspended after he had announced plans to buy five used aircraft from India's Jet Airways, and a source at the airline said the deal was in doubt.
New Delhi | November 20, 2013 16:37 (IST)
In a statement, the two carriers also announced that Etihad President and CEO James Hogan and its Chief Financial Officer have been appointed as additional directors on the board of directors of Jet from today.
New Delhi | November 12, 2013 20:40 (IST)
Paving way for closure of the long-pending Jet-Etihad deal, the Competition Commission of India (CCI) on Tuesday approved the proposed acquisition of a 24 per cent stake in the Naresh Goyal-led Indian carrier by the Abu Dhabi-based airline.
New Delhi | November 08, 2013 19:00 (IST)
While all nine planes were being flown daily, the tenth aircraft that arrived two days ago would be put into flight operations by November 15, a top Air India official said.
New Delhi | November 05, 2013 15:13 (IST)
The National Consumer Disputes Redressal Commission (NCDRC) rejected Jet Airways' plea against the decision of Andaman and Nicobar Islands state commission which had awarded the amount to the complainant for the mental agony and deficient service experienced by him and his family as the remains were delivered a day late.
New Delhi | October 31, 2013 20:45 (IST)
No immediate comments were available from the airlines on the impact of the price reduction on passenger fares. Jet fuel constitutes over 40 per cent of an airline's operating costs
New Delhi | October 28, 2013 17:32 (IST)
High net-worth individuals raised their stake in the cash-strapped company to 20.3 per cent at the end of the September quarter from 19.52 per cent in the preceding three months, as per stock exchanges data.
New Delhi | October 25, 2013 19:09 (IST)
Mr Tata was speaking to reporters after he, along with Singapore Airlines CEO Goh Choon Phong and Tata-SIA Airlines chairman Prasad Menon, met the minister.
New Delhi | October 23, 2013 19:57 (IST)
Mumbai-based Jet, India's second-biggest carrier by domestic market share, reported a net loss of Rs 891 crore for the fiscal second quarter to September 30, compared with a net loss of Rs 99.7 crore in the same period a year earlier.
Mumbai | October 16, 2013 18:27 (IST)
Kingfisher Finvest, which owns 7.21 per cent of the airline, released pledged shares in three tranches last month, according to a separate BSE filing. It released a total of 5,60,22,231 shares between on September 6 and September 16.
New Delhi | October 16, 2013 16:28 (IST)
Fuel hedging is a contractual tool large fuel-consuming companies like airlines use to reduce their exposure to volatile and potentially rising fuel costs. A fuel hedge contract allows such a company to establish a fixed or capped cost through a commodity swap or option.
New Delhi | October 16, 2013 16:16 (IST)
The venture, to be called Tata SIA Airlines Ltd, will have Tata Sons as the majority partner with 51 per cent stake, while Singapore Airlines will hold 49 per cent.
Dubai | October 11, 2013 14:17 (IST)
At 19.9 per cent, Etihad Airways has reached the threshold approved by Australia's Foreign Investment Review Board in June 2013.
New Delhi | October 08, 2013 14:23 (IST)
Tata and Singapore Airlines plan to form a full-service airline based in New Delhi, the companies said last month. The two will initially invest a combined $100 million to start the carrier, with Tata Sons owning 51 per cent and Singapore Airlines the rest.
New Delhi | October 07, 2013 20:22 (IST)
He, however, maintained it was his personal belief that, in the future, "the government of the day will have to look at privatisation and build a political consensus on the issue before taking a position. I never said I am going to do it".
New Delhi | October 03, 2013 20:58 (IST)
The Foreign Investment Promotion Board or FIPB had approved the deal in July with some conditions after both Jet and Etihad assured it that 'effective control' would remain with local promoters.
New Delhi | October 03, 2013 20:57 (IST)
The Cabinet Committee on Economic Affairs (CCEA) today approved the 2,000-crore deal between Jet Airways and UAE's national carrier Etihad Airways. The deal now only needs an approval from the Competition Commission of India (CCI), which aviation experts say is a mere formality.
Panaji | September 26, 2013 22:16 (IST)
Even though Brent crude levels softened towards the end of the year, the depreciation of the rupee meant that carriers' fuel prices in India continued to rise, the report said.
New Delhi | September 26, 2013 13:40 (IST)
With the NOC in hand, AirAsia India would now have to apply to the Directorate General of Civil Aviation (DGCA) for its Scheduled Operator's Permit (SOP, or the flying permit), which is the final step before it can start its flight operations.
Chennai | September 25, 2013 22:51 (IST)
Meanwhile, in a regulatory filing to the BSE, the Chennai-based private carrier said shareholders at the company's 29th AGM approved the re-appointment of Nicholas Martin Paul and R Ravivenkatesh as directors.