Hyderabad | March 13, 2014 19:40 (IST)
The two other sources said the Jet deal for 50 planes had essentially been completed and the planes were already listed under Boeing's "business with undisclosed customers", in its order backlog.
March 13, 2014 16:35 (IST)
Former Air India Executive Director Jitender Bhargava filed the appeal challenging the decision of the Competition Commission of India to clear the Jet-Etihad deal without carrying out a detailed assessment.
March 12, 2014 20:56 (IST)
Cash-strapped SpiceJet and IndiaGo had yesterday slashed fares to cash in on the forthcoming summer holiday season, offering massive discounts on tickets in what they called 'super Holi sales' and 'flash sales'.
Hyderabad | March 12, 2014 15:39 (IST)
Speaking at an air show in Hyderabad, chairman Rohit Nandan told reporters that Air India believed the planes were heavier than originally promised.
February 28, 2014 16:04 (IST)
An Indian citizen would need to fill up the immigration form only when he or she goes out of the country. There will be no immigration form for Indian citizens returning from abroad, the rules said.
February 26, 2014 19:56 (IST)
The national carrier announced up to 30 per cent discount on advance ticket purchases with an extended travel period on select flights on local routes as well as domestic leg of international flights.
February 24, 2014 21:19 (IST)
This is the third time in last one month that the Kalanithi Maran-promoted carrier has doled out enticing fares to customers, forcing the rivals to ape the move.
February 19, 2014 23:08 (IST)
The IGR directed the Department of Revenue (DR), Gandhinagar for assessment of the same in April 2010, the report said. In his assessment,the department arrived at stamp duty payable at Rs 48.33 lakh and conveyed it to the court and the IGR in May 2011, it said.
New Delhi | February 10, 2014 20:36 (IST)
The airline has already received sanction from one of the West Asian banks for $150 million ECB for which Jet has approached the RBI for its nod, he said.
New Delhi | February 10, 2014 17:05 (IST)
Jet, which sold a 24 percent stake to Abu Dhabi's Etihad last year, is replanning its U.S. strategy after the downgrade, a senior company executive told analysts on a conference call. The airline posted a $43 million net loss for the December-quarter on Friday, its fourth straight quarterly loss.
New Delhi | January 20, 2014 21:11 (IST)
Abu Dhabi-based Etihad's acquisition of a 24 per cent stake in Naresh Goyal-led Jet Airways, the first foreign direct investment (FDI) in an Indian carrier by an overseas airline, was announced in April 2013 and approved by the Securities and Exchange Board of India (Sebi) last year.
New Delhi | January 14, 2014 14:41 (IST)
Tata-SIA has applied to the Civil Aviation Ministry for a NOC to start a full-service airline in India. The joint venture received approval from the Foreign Investment Promotion Board (FIPB) to set up Tata-SIA Airlines in October last year.
Mumbai | January 13, 2014 19:47 (IST)
Sale and leaseback is a financial transaction where one sells an asset and leases it back for a long term, enabling the seller to continue to be able to use the asset without actually owning it.
Hyderabad | January 06, 2014 20:03 (IST)
The aircraft (7 ATRs and 7 Air Bus 320) were grounded in various airports of Delhi, Chennai, Bengaluru and Kolkata due to operational problems and subsequent financial crisis faced by the airlines.
New Delhi | January 02, 2014 19:19 (IST)
Besides non-payment of salaries, the Vijay Mallya-owned private carrier, which stopped operations in October 2012, has defaulted on payment of loans worth over Rs 7,200 crore, secured mainly from the public sector banks.
New Delhi | December 31, 2013 14:40 (IST)
The airline is hopeful of receiving the air operator's permit (or the flying license) by January end, with officials saying work was going on in full-swing in that direction.
New Delhi | December 26, 2013 13:43 (IST)
The proposal for the sale of these wide-body planes, part of the national carrier's turnaround plan, was cleared at a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Manmohan Singh, official sources said.
New Delhi | December 19, 2013 20:42 (IST)
The Rs 2,060 crore deal has been facing turbulence ever since it was announced in April. Earlier today, the Competition Appellate Tribunal (COMPAT) issued notices to the the Competition Commission of India (CCI) and Jet on a plea challenging the competition watchdog's clearance.
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.