Employees of Jet Airways have written to President Ram Nath Kovind and Prime Minister Narendra Modi seeking their intervention to recover outstanding dues as well as to expedite the process of emergency funds for the airline, which has shuttered its operations temporarily. Cash-starved Jet Airways, which has around 23,000 employees, has delayed payment of salaries […]
Day: April 20, 2019
Jet crisis: Govt eases rule to moderate fares
A multi-pronged strategy has been rolled into action to minimise the pain caused by Jet Airways’ shutdown for both passengers and employees, without using taxpayers’ money to bail out the airline. The finance ministry has decided to waive the mandatory customs requirement that Jet’s grounded planes in India must first be sent to the country […]
Reliance to start gas production from R-Cluster in 2nd half of FY21
Reliance Industries has stated that it will start natural gas production from R-Cluster gas field in the flagging KG-D6 block in the Bay of Bengal from the second half of the 2020-21 fiscal. Reliance and its partner BP Plc of UK had in June 2017 announced an investment of Rs 40,000 crore in the three […]
Waaree Energies Ltd introduces off-grid solar solutions
Waaree Energies Ltd., an Indian EPC player and solar PV manufacturer announced its foray into the Stand-Alone Solar Solutions segment with Off-Grid Inverters. With an aim to substantially reduce dependency on the electrical grid, the solar inverters are available in capacities ranging from of 375 VA to 10 KW across a wide scale of commercial […]
CM promises power to all by year end
Chief Minister Raghubar Das on Friday said that every household of the State would have power connection by December 2019. He said that government had now shifted its focus to provide quality power supply. Das, who was addressing a public meeting in Bhawanathpur (Garhwa) for soliciting support for BJP Palamu candidate VD Ram said, “The […]
DMRC gets power from Rewa’s Mega Solar Power Project
The Delhi Metro Rail Corporation (DMRC) has started receiving solar power from the Rewa’s Mega Solar Power Project of Madhya Pradesh. The Corporation received 27 MW power from the Rewa solar project, which will gradually increase it to 99 MW—according to DMRC’s press statement. “The power received from Rewa will be utilised for the operational […]
DMRC to run metro trains powered by solar energy
In a bid to save energy and electricity, the Delhi metro Rail Corporation (DMRC) will run metro trains powered by the solar energy as the DMRC has started receiving solar power from the Rewa Solar Power Project from Thursday. On the first day, the corporation received 27 Mega Watts (MW) power from the project based […]
Air India boss Lohani may meet SBI chief over leasing of wide-body Jet planes
Air India chairman Ashwani Lohani is likely to meet State Bank chairman Rajnish Kumar Friday over the national carrier’s plans to lease five wide-body Boeing planes from the now grounded Jet Airways. Weighed down by a mountain of debt and falling revenue, Jet Airways announced suspension of its entire operations from Wednesday night and owns […]
‘Air India takeover of Jet will ensure lucrative routes’
Government-owned Air India can take over Jet Airways and get back the lucrative international/domestic routes if there are no white knight for the private airline, said a top All India Bank Employees’ Association (AIBEA) leader. “The government-owned Air India can take over Jet Airways if no investor is interested in taking it. If that happens, […]
Bank unions write to Modi, want government to take over Jet Airways
Mumbai-Bank unions Friday urged Prime Minister Narendra Modi to take over grounded Jet Airways to secure the future of the 22,000-odd employees of the carrier. In a letter to Modi, the All-India Bank Employees Association also said government must ensure that banks are not forced to lend to the crippled airline. After flying for 25 […]
Jet crash-landing leaves tourism players a worried lot
Mumbai: The grounding of Jet Airways has left the tourism industry a worried lot as it has led to an average 25 percent spike in airfares across the sectors leading to massive hotel cancellations, says industry experts. Some key sectors like Mumbai-Hyderabad, Mumbai-Delhi and Delhi-Mumbai have seen the fares flying by 62 percent, 52 percent […]
Jet Airways in talks with IATA to clear customers’ refunds
MUMBAI: Jet Airways is in talks with the International Air Transport Association (IATA) to clear some refunds from the money still saved in the billing and settlement plan (BSP) account, a person in the know said on Friday. The global lobbying body on Thursday suspended all ticketing activities and transactions of Jet Airways via its […]