The airline operates 49 weekly flights to India, said a spokesperson for India.36 PM ISTAFPThe airline operates 49 weekly flights to India, said a spokesperson for India.
The airline said it had canceled 1,700 flights that had been scheduled for Monday and Tuesday because of the strike, the first ever for British Airways pilots.Most of the carrier’s 3,900 pilots belong to the British Airline Pilots Association, which says that its members have had to take pay cuts and that British Airways has declined to entertain counteroffers.
, a South American conglomerate that owns majority shares in airlines including Colombian carrier Avianca Holdings, has shown exploratory interest in investing in Jet Airways, said a person aware of the development.The conglomerate submitted an expression of interest for the bankrupt and grounded airline after the August 10 deadline set by the resolution professional running the bid process.
Walton wrote that he had spent an extra 800 pounds, or about $980, because of the British Airways backtracking.And in 2017, British Airways grappled with a major technical failure that led to the cancellation of hundreds of flights, affecting around 75,000 passengers.
(Representational Image) MUMBAI: The Centre on Tuesday extended the process of temporary allocation of slots and bilateral foreign flying rights of defunct airline Jet Airways to other airlines till December, a senior official of the Ministry of Civil Aviation said.Due to a fund crunch, Jet Airways shut down its operations on April 17, which led to a sudden rise in domestic and international airfares.
MUMBAI: Billionaire Anil Agarwal’s family trust, Volcan Investments, emerged as a surprise contender for the debt-laden Jet Airways, being one of the three entities that responded to the call for expressions of interest (EOI) for the grounded airline.That perhaps explains why the statement made it clear that Vedanta has nothing to do with this exploratory interest.
The revised deadline for submission is now on August 10 instead of August 3.Defunct Jet Airways extended the deadline for submitting bids as interested applicants sought for additional time with the earlier cut-off date ending Saturday.
Europe|British Airways Resumes Cairo Flights After Security ReviewImageThe security of civilian aviation has been a central focus for Egypt since Islamic State militants brought down a Russian charter flight in 2015.CreditCreditMohamed Abd El Ghany/ReutersLONDON — British Airways said on Friday that it was resuming flights to Cairo, nearly a week after abruptly canceling services to the Egyptian capital over security concerns.
54 AM ISTReutersJPPL was formed as a fullyowned subsidiary of Jet Airways in 2012.It was hived off as a separate entity in 2014 when Etihad bought a 50.
30 AM ISTReutersMonthly invoice of Rs 15 cr was accounted for by Jet Airways for commercial activities without relevant documents supporting them.Board resolution, shareholder approval for making the provision was not made available to the auditors,” the forensic audit conducted by EY says.
After Jet ran into cash flow problems last year, its owner Naresh Goyal tried to woo both Air France-KLM and Delta Air Lines for a stake purchase, but without success.05 AM ISTAgenciesThe Air France-KLM combine is open to other commercial partnerships in India after Jet Airways’ grounding, senior executives of the megacarrier said.
38 PM ISTBCCLThe airline owes Rs 8,500 crore to banks and around Rs 25,000 crore in arrears to vendors, lessors and employees.NEW DELHI: In a first-of-its-kind initiative, a Jet Airways Employee Consortium and AdiGroup Friday announced a partnership to bid for 75 per cent of the airline through the NCLT process, members of the consortium said.
The move may attract legal action as the distressed airline is undergoing an insolvency resolution process directed by India’s bankruptcy court.28 AM ISTAgenciesThe insolvency resolution process started after the National Company Law Tribunal last Thursday admitted a plea by Jet’s biggest lender the State Bank of India on repeated loan repayment defaults.
The petition by the lenders could be filed in the Mumbai NCLT as early as Tuesday.ET reported on June 17 that lenders will seal the fate of the airline in a crucial meeting to be held on Monday.
These two companied had on June 10 dragged the airline to the NCLT seeking bankruptcy proceedings.The airline, which was grounded on April 17, owes Rs 8.
PTI|Updated: Sep 11, 2017, 06.MUMBAI: Naresh Goyal today scotched rumours about Gulf carrier Etihad Airways exiting its over three year-old equity partnership with Jet Airways and also said he is not looking for another partner.
MUMBAI: The Hinduja Group will start the process of bidding for Jet Airways this week, having obtained the assent of key stakeholders in the grounded airline including founder Naresh Goyal and Etihad Airways, strategic investor in the carrier.Sources close to Naresh Goyal and the Hindujas said they share cordial ties that go back more than two decades.
Bankers say payment of the $30-mn is worth it because it could release the six aircraft valued at more than — Rs 2,000 crore from the bank.44 AM ISTAPDelay in resolution can be damaging as rivals are eyeing Jet’s slots, planes and flying rights.
21 AM ISTAgenciesKamark, chief commercial officer (CCO) of Etihad Aviation Group, joined Jet’s board in November 2018.The Jet Airways board became dysfunctional Friday after Etihad Airways’ representative Robin Kamark resigned, the fourth director to quit in less than a month, leaving it with only two members.
16 PM ISTJet Airways' bosses abandon the sinking ship; CEO, CFO, CPO resignMUMBAI: Jet Airways Tuesday saw three top level exits—CEO Vinay Dube, CFO Amit Agarwal and Chief People Officer Rahul Taneja—even as its lenders continued to hunt for an investor to save the airline.The airline announced Agarwal’s exit earlier in the day citing personal reasons.