Delhi-Jewar Airport Metro Line: Big connectivity boost for Jewar in Uttar Pradesh! The Jewar International Airport will get metro connectivity by 2025 as the upcoming Delhi-Jewar metro project is on fast track. After the metro services of this project starts, people can easily travel between Delhi and Jewar and will be able to reach the […]
Category: Civil Aviation
IndiGo crisis: Is the airline victim of its own success?
IndiGo, which recently cancelled several flights and said its schedules would be disrupted till March, seems to have expanded at a fast pace but failed to hire pilots at a similar rate, leading to a crew shortage that has resulted in the current problem. In a recent communication, IndiGo had said that it would operate […]
Relief finally for Jet Airways; shareholders clear all proposals from carrier
Jet Airways on Friday said its shareholders have approved with majority all the proposals put forth by the company, voting for which happened at the extraordinary general meeting on Thursday. Shareholders approved the conversion of debt into equity that was sought by the airline, as this is required for the ongoing debt restructuring and resolution […]
GMR, Terna ink concession pact for Greece airport
GMR Airports, a subsidiary of GMR Infrastructure, along with Greek partner Terna group has signed the concession agreement for design, construction, financing, operation, maintenance and exploitation of new international airport of Heraklion at Crete, Greece. The consortium intends to invest over 500 million euro for development of the new airport. The entire project will be […]
Subramanian Swamy seeks stay on AirAsia application for international flights; HC to hear plea in March
The Delhi High Court Friday said it would hear in March a plea by BJP leader Subramanian Swamy seeking interim stay on AirAsia India’s application for a licence to fly internationally. Swamy has also filed another application seeking to know the status of the investigation conducted by the CBI in a case relating to alleged […]
Jet Airways may get wings to fly! Banks’ consortium considering Rs 500 crore interim funding
A consortium of banks is considering an interim funding of Rs 500 crore for debt-laden Jet Airways but a final decision is yet to be taken, Punjab National Bank Managing Director Sunil Mehta said on Friday. PNB is part of the lenders’ consortium, led by State Bank of India (SBI), that has extended loans to […]
Big news for flyers! Daily Vistara flights soon to Japan as airline inks pact with Japan Airlines
Vistara customers may find a reason to rejoice as the airline will soon expand its services in Japan by codesharing, a Vistara statement said on Friday. Opening more routes between India and Tokyo, the agreement is effective this February, the statement added. “The codeshare flights will offer convenient connections to and from a daily flight […]
Jet Airways crisis: Lessors doubt rescue plan, pull out more planes
International lessors have grounded more Jet Airways planes prior to potentially moving them out of India, as scepticism builds whether a state-led bailout of the carrier can clear their dues on time, sources familiar with the matter said. The troubles at Jet, which is saddled with a billion dollars in debt, have rekindled memories of […]
Jet Airways rescue failure could lead to a Kingfisher-like situation for banks
For Jet Airways India Ltd., it’s always only about one rupee. As I wrote last month, the troubled full-service carrier needed to garner an additional 1 rupee (1.4 cents) per available seat kilometer to make up for its cost disadvantage against no-frills rivals. Cutthroat price competition denied it that opportunity, and now banks are picking […]
Jet Airways bonanza: Discount up to 50% on select India, Europe flight tickets; check details here
Jet Airways is offering a deal on both domestic and international flights with up to 50% discount on select tickets. Valid on the base fare in Premiere and Economy class, the discount is up for grabs for the tickets booked from 21 February to 25 February 2019, the company website said. It added that the […]
Air pocket: Airline traffic growth in January slowest in four years
AIR Passenger traffic in January grew at its slowest in 52 months even as the market share of Jet Airways slipped to below that of Air India. Domestic passenger traffic in January grew in single digits at 9.1% year-on-year. Industry watchers attributed the slowdown to higher fares and weaker demand, surprisingly in a traditionally strong […]
This Indian Airline Rescue Is Touch-and-Go: Andy Mukherjee
For Jet Airways India Ltd., it’s always only about one rupee. As I wrote last month, the troubled full-service carrier needed to garner an additional 1 rupee (1.4 cents) per available seat kilometer to make up for its cost disadvantage against no-frills rivals. Cutthroat price competition denied it that opportunity, and now banks are picking […]