Arun Nayal

Jet Airways loses overseas flying rights; Indigo, SpiceJet bag most routes

IndiGo and SpiceJet bag most of the bilateral flying routes the carrier had.

Jet was the largest scheduled operator in India accounting for 13.8% market share in international operations during FY18. News

Tit for tat: US suspends self-handling rights of Indian airlines

The US has ordered the suspension of self-handling rights of Indian carriers at American airports, retaliating under a bilateral air services agreement against denial of similar concession to US passenger airlines here, sourc

For its part, India has asked the US to refrain from implementing the order. News

ABB India gets green light to pay 4% royalty to parent firm

While the Kotak Committee had suggested a threshold of 5% of revenues, market regulator Sebi decided on a much lower level of 2%.

Industry News

SpiceJet bets big on business class, offers seats at 30-40% less

Experts believe that average business class fares are likely to moderate in the coming days since Jet Airways, the largest provider of business class seats, shut operations last month.

spicejet shares codes with emirates for flights hires jet airways 500 employees News

In Mumbai International Airport deal, GVK lost opportunity to exercise ROFR

The GVK-led consortium has been running India’s second-busiest airport since 2006 and is building a second one in Navi Mumbai for about `16,000 crore.

Industry News

Jet Airways CEO to staff: Can’t pay salaries as banks have refused funds

Vinay Dube says no commitment or clarity on salaries can be provided as banks have refused interim funds

Jet Airways, Jet Airways CEO Vinay Dube, Jet Airways  employees, Jet Airways bid process, Etihad Airways, SBI, Boeing 737 NG, Jet employee union News

DigiYatra platform is likely to be in place by December

AAI chairman Guruprasad Mohapatra told FE’s Arun Nayal that a central passenger identity platform will be in place by the end of 2019, which will provide seamless movement between these airports. Excerpts:

DigiYatra platform, airport operators, Airport Authority of India, Guruprasad Mohapatra, DigiYatra scheme, Delhi, Mumbai, Bengaluru News

Jet Airways’ grounded aircraft: Air India has a change of mind

Sources said that the preliminary view within Air India is that since the five aircraft are not technically in a condition in which they can be straightaway put in operations either through wet or dry lease, it’s best not t

Air India, Jet Airways, Ashwani Lohani, State Bank of India, Rajnish Kumar, Boeing 777-300 ER planes, Airbus A330 News

Jet Airways crisis: Transfer of slots to other carriers temporary, govt assures lenders

No such protection for international slots as they are governed by foreign airports.

supreme court, rahul gandhi, congress, congress president rahul gandhi News

Curtains down for Jet Airways, resumption of services now depends on resolution process

Confirming the receipt of information about Jet stopping all operations, the civil aviation ministry said in a series of tweets that the bank-led resolution process is still underway and expected to end by May 10.

Curtains down for Jet Airways, resumption of services now depends on resolution process (File photo) News

Crash landing: Jet Airways lenders unwilling to commit fresh funds, airline headed for shutdown

Jet CEO Vinay Dube had indicated to the lenders — led by State Bank of India — it would be impossible to continue to operate the airline in the absence of some emergency funding of around Rs 400 crore. However, till the t

Jet Airways headed for total shutdown of ops, lenders unwilling to commit fresh funds (File photo) News

Jet Airways crisis: Airline fails to raise funds, extends cancellation of international ops

The full-service carrier operated just 6-7 planes of its fleet of 119 aircraft on Monday. Civil aviation rules in India require an airline to operate a minimum of five aircraft to keep its operating permit valid.

Jet Airways fails to garner interim funding from lenders, extends cancellation of international ops till April 18 News

Mumbai Airport stake sale: GVK, Bidvest fail to reach settlement

Justice Sanjeev Narula will now hear the case on merit from April 29.

Industry News

Jet Airways crisis: More groundings as bank funds not in yet

The airline is left with only 15 aircraft on domestic routes; its eligibility to fly international will be examined.

Industry News

GVK moves court to stop Budvest from selling stake in Mumbai Airport

Though GVKAHL is confident about acquiring ACSA’s stake, Bidvest has been in talks with infrastructure major Adani Group for sale. GVK had urged the court to prevent Bidvest from creating third-party rights on its 162 milli

Industry News

Trujet’s focus this year is to complete Udan commitments, says CEO LSN Murthy | INTERVIEW

It becomes a cost issue as well due to higher payout to expats. We are looking to train in-house pilots to reduce dependence on foreigners.

Industry News

Jet Airways back from the brink, to operate 215 daily flights in April

The lenders will invite expression of interest for bids by April 9 and the deadline for binding bids will be April 30, while a new investor is expected to be on board by May 31.

Industry News

Air fares jump 25 per cent on key routes — check details here

Around 20% of the total fleet of top-5 domestic carriers has been grounded.

Air fares jump 25 per cent on key routes — check details here

Flight tickets to get costlier with 20% fleet of IndiGo, Jet Airways, Spicejet off skies

With 114 planes out of a fleet of 585 grounded, spot fares to rise by up to 25% in the short term.

spicejet, aviatio sector, aviation industry News

IndiGo, Jet Airways airfares surge as 200 flights cancelled; Rs 20,000 for Delhi-Mumbai ticket

On key metro routes like the Delhi-Mumbai, spot fares have risen by up to 20% since January this year.

Industry News

Airports to soon face efficiency test — Know what triggered the move

The regulator wants to determine if tariffs imposed are just or not.

Industry News

Adani getting control of 6 airports? Uncertainty looms as matter missing on Cabinet’s agenda

The group’s flagship, Adani Enterprises had recently bid aggressively and won the bids for the privatisation of all of the six airports put out by the Airports Authority of India.

Economy News

Jet Airways crisis deepens: Airline forced to ground two more aircraft, 25 out of service now

In February, an official from Aviation Partners, which is leased five Boeing 737 800 aircraft to Jet, said the company hasn’t received any payments since October last year.

Industry News

Udan scheme: Choppers may use airports as no heliport come up in designated routes

A total of 24 heliports are to be developed in Uttarakhand, Himachal Pradesh, Assam and Manipur.

Airlines/Aviation News

GMR, Adani among 10 bidders for six non-metro airports

A total of 10 entities have submitted bids for six AAI-owned airports for privatisation.

aviation, gmr, adani group, aviation sector, aviation industry News

Spicejet likely to add 20 aircraft to its fleet this year; majority Boeing 737 Max

In the third quarter of FY19, the low-cost airline added 12 new planes — nine Boeing 737 Max aircraft and three Q400s — taking the fleet size to 74 aircraft.

spicejet, aviation sector, aviation industry News

Jet Airways trouble: Lessors of debt-laden airline may take back aircraft

Jet posted a huge Rs 1323-crore loss during Q1FY19 while its September quarter losses stood at Rs 1,297 crore.

Industry News
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