SAN FRANCISCO: Apple is expecting more cooperation with China on clean energy as it released its 2019 Environment Report that outlines its climate change solutions ahead of Earth Day, which falls on April 22. In the “Environmental Responsibility Report”, Apple has set an ambitious goal to “make products without taking from the Earth” and vowed […]
Day: April 20, 2019
Teenager’s online petition to save father’s job at Jet Airways goes viral
Seventeen-year-old Sanjana Singh’s online petition on Change.org to save her father’s job at Jet Airways has already garnered 71,000 signatures. Appealing to Prime Minister Narendra Modi, Delhi-based Sanjana writes “I am the daughter of one of the jet airways employees. My father has been associated with jet airways for more than 20 years. But at […]
Jet Airways saga: 2 grounded airlines in a decade cast doubt on India boom
Jet Airways, the second local carrier to ground its entire fleet in the past decade, is casting a shadow on India’s booming aviation sector. Once the nation’s biggest airline by market value, Jet Airways’ shares nosedived by a record 31 percent on Thursday in Mumbai after saying it would suspend operations on a “temporary” basis […]
Relief for investors as mutual funds chose SpiceJet, IndiGo over Jet Airways
Mumbai: As Jet Airways (India) Ltd moves from flight cancellations to a complete halt, mutual funds stand relatively well-positioned. Few mutual fund schemes are exposed to Jet Airways while there is substantial exposure to its competitors, InterGlobe Aviation Ltd and SpiceJet Ltd, who may benefit from the collapse. InterGlobe Aviation runs IndiGo, India’s largest airline […]
RIL to start gas production in KG-D6 block from 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 […]
Coal India sets production target of 655 mt; 3-fold rise from last fiscal
The coal ministry has set a production target of 655 million tonne (mt) for Coal India Ltd for the current fiscal year after the Maharatna company closed last fiscal year with 607 mt of production, registering a 7.23 per cent growth in actual production. In the last fiscal year, the ministry had set a production […]
Bank unions write to PM Modi, want govt 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 […]
Bank union writes to PM Narendra Modi, urges govt to take over Jet Airways
The government should take over Jet Airways and ensure that state-owned lenders don’t give more money to the grounded airline, said a banks union in a letter to the Prime Minister on Friday. In a letter to the prime minister, AIBEA general secretary C H Venkatachalam said that banks had already extended credit of around […]
SpiceJet hires 500 Jet Airways pilots and employees, may induct more
Budget carrier SpiceJet Friday said it has already absorbed over 500 employees, including 100 pilots, of the grounded carrier Jet Airways and it is open to induct more as it adds more aircraft and routes in the times ahead. The Gurugram-based no-frills airline has already announced induction of 27 more planes -22 Boeing 737s and […]
Air India chief meets SBI chairman over leasing 5 Boeing planes from Jet
Air India chairman Ashwani Lohani held preliminary talks with his State Bank counterpart Rajnish Kumar in the Capital Friday on the national carrier’s interest in leasing five Boeing 777s from the now-grounded Jet Airways, sources close to the development said. The meeting lasted for over more than an hour at the Airlines House, the headquarters […]
On board S2 3502, Jet Airways’ last flight
Mumbai: Naresh Goyal, the founder of Jet Airways (India) Ltd, was obsessed with the airline’s punctuality. Jet Airways’ last flight before it halted operations should not disappoint him. Flight No. S2 3502, which left Amritsar at 10.18pm on Wednesday, landed in Mumbai at 12.22am on Thursday, before the 1am arrival time. Ironically, the flight operated […]
What Jet passengers must know about ticket refunds and status of JPMiles
Passengers who bought a Jet Airways ticket from online travel portals or travel agents could be in for a long wait to receive refunds against flight cancellations. JetPrivilege members, however, needn’t worry too much about their JPMiles. Jet Airways on Wednesday announced the temporary grounding of its operations after lenders rejected its plea for emergency […]