Beleaguered carrier Jet Airways is in advanced stage of discussions with TruJet to sublease up to seven of its ATR planes to the regional carrier as it seeks to reduce costs and mop up additional revenues amid cash drought, according to an industry source. These planes are likely to be subleased with its complete crew, […]
Category: Civil Aviation
Civil Aviation
Jet Airways board meets on August 27, will announce June-quarter results
The Jet Airways board will meet on August 27 to approve financial results for the June-end quarter. The airline had delayed its results earlier this month, prompting the stock exchange and market regulator Sebi to seek reasons. While sources said the airline and its auditors had differences over matters relating to qualification of accounts of […]
TruJet in talks with Jet Airways to sublease up to 7 ATR planes
Beleaguered carrier Jet Airways is in advanced stage of discussions with TruJetto sublease up to seven of its ATR planes to the regional carrier as it seeks to reduce costs and mop up additional revenues amid cash drought, according to an industry source. These planes are likely to be subleased with its complete crew, maintenance […]
BSE seeks specific details on Jet Airways’ board meetings, Q1 results delay
A day after Jet Airways delayed the announcement of June quarter results, leading bourses BSE and NSE on Friday sought specific details about the company’s board meetings and factors leading to the decision. The board of directors of Jet Airways at its meeting held on August 9 deferred the matter of consideration of the unaudited […]
‘Is our airline safe,’ unpaid Air India pilots ask management
India may be the world’s fastest growing aviation market but the finances of its only two long haul airlines, Air India (AI) and Jet Airways, is far from healthy. On Friday, a large section of Air India pilots represented by Indian Commercial Pilots’ Association (ICPA) asked the management if AI “even have enough money for […]
Jet can’t count on discounts for fresh air, cheap tickets are stifling it
Go to any Indian airport, and it’ll appear that nearly all of the country’s billion-plus people have decided to fly. Yet talk to shareholders of India’s largest aviation businesses, and they’ll tell you how miserable they are. Oxygen masks have been down since last month’s 97 percent drop in quarterly profit for InterGlobe Aviation Ltd., […]
GMR awards contract for Hyd’bad airport expansion to L&T
GMR Infrastructure Limited has said its subsidiary GMR Hyderabad International Airport Limited issued Letter of Intent to award to Larsen & Toubro Limited and Megawide Construction Corporation to carry out some airport expansion works worth Rs 3,028 crore and Rs 980 crore respectively. According to a filing with the bourses, GMR said the work related […]
Ryanair pilots on strike, thousands affected across Europe
Ryanair pilots went on a 24-hour strike on Friday in several European countries in protest against the stagnation of negotiations on wages and working condition, forcing the Irish low-cost airline to cancel 400 flights on Friday affecting thousands of people. The walk-out involved staff in Germany, Sweden, Ireland, Belgium and the Netherlands. The action was […]
Soon, you may be able to fly into Srinagar at night too
Soon, you may be able to take a late evening flight to Srinagar as the state government has decided to allow night landing at Srinagar airport. However, the proposal subject to a test-flight on Thursday is yet to be cleared by the aviation regulator, Directorate General of Civil Aviation (DGCA), according to an IE report. […]
Jet Airways in loss due to weak rupee, surging fuel prices, says Naresh Goyal
Weak currency and rising ATF prices have taken a toll on the fiscal health of Jet Airways. The airline has reported a loss due to weakening rupee and increase in fuel prices, TV reports said today citing Jet Airways Chairman Naresh Goyal. Have a very strong code share network. Despite rising ATF prices, competition is […]
New civil terminal at Hindon to handle private jets along with civilian flights
The Airports Authority of India (AAI), which is building the civil terminal at the Hindon Air Force base in Ghaziabad, plans to shift operations of private jets along with the cheap flights operated under the regional connectivity scheme (RCS). The plan entails shifting non-RCS flights whose carrying capacity is less than 80 seats to the […]
Arrival operations at Cochin international airport stopped
The Cochin International Airport Limited (CIAL) stopped the arrival operations today in view of possible inundation in the airport area following a rising water level in the Periyar river. The CIAL is situated close to the river. “As a measure of precaution, we are stopping arrival operations from 1.10 pm today,” a CIAL spokesperson said. […]