Jet Airways has surprised its users by changing its penalty framework for cancellation of tickets and other changes. Under the revised framework, if any changes or cancellations are made at least seven days prior to the date of travel, it will attract lower penalties compared to those who undertake booking changes within seven days.
Category: The Financial Express
The Financial Express
Pakistan to send delegation next month to finalise draft agreement on Kartarpur Sahib Corridor
Pakistan on Thursday said it will send a delegation to India next month to discuss and finalise draft agreement for setting up a corridor to facilitate visit of Sikh pilgrims to the Gurdwara Kartarpur Sahib Gurudwara.
Boost for cash-strapped Pakistan as Russia plans to invest $14 billion in energy sector
Cash-strapped Pakistan is set to receive an integrated Russian investment package of USD 14 billion for the country’s energy sector, including offshore gas pipeline and underground storage projects, a media report said Thursday. A Russian delegation headed by Gazprom Management Committee Deputy Chairman Vitaly A Markelov pledged to make the investment during a recent visit […]
Andhra Pradesh to issue Rs 2,000-cr bonds
The Andhra Pradesh Power Finance Corporation (APPFC) is issuing bonds of Rs 2,000 crore to pay the outstanding dues to power generators after NTPC threatened the electricity distribution companies (discoms) of the state to curtail power supply if the bills were not cleared soon. The bond
Safeguard Duty Impact: Solar imports from Thailand, Singapore & Vietnam surge
While the safeguard duty imposed in July last year on solar module imports from China and Malaysia and
Four aircraft grounded due to non-payment of dues: Jet Airways
Jet Airways told BSE on Thursday evening that four of its aircraft have been grounded due to non-payment of amounts outstanding to lessors under lease agreements.
Jet Airways raises Rs 250 crore from advance ticket sales to Jet Privilege
Cash-starved Jet Airways has mopped up Rs 250 crore from advance sale of tickets to its customer loyalty programme Jet Privilege, less than five months after raising money through the same route. The deal is similar to the one done in October 2018, an airline spokesperson said.
Airbus hit by jet cancellations as A380 shutdown looms
Airbus on Thursday reported the cancellation of orders worth $4 billion, dominated by 8 A380 aircraft, highlighting an increasingly bleak picture for the world’s largest airliner as preparations to close production gather pace amid weak demand.
Coal India to invest Rs 7,000 crore to procure equipment to augment production
Mining behemoth Coal India (CIL) has put the process of procuring various types and sizes of high capacity heavy earth moving machinery (HEMM) on the fast track to press these into operation in its open cast mines as soon as possible. This move would bolster CIL’s production on the back of an investment of above […]
NTPC’s FY20 coal imports to double
As NTPC continues to add thermal generation capacities to its portfolio amid sustained under-recoveries due to coal shortage, it is also increasing the coal import target to meet the additional fuel demand. For its goal to add 4,880 MW thermal capacity by FY19-end, NTPC would have incremental coal requirement of 18-20 MT, the company management […]
Airlines owe Rs 2,760 crore to Airport Authority of India for various services
Airlines have outstanding dues of around Rs 2,760 crore to the Airport Authority of India (AAI) on account of services like check-in counters, parking and landing charges.
Big alert! Avoid flying to or from Mumbai till March; Over 5,000 flights cancelled; fares shoot up
Flying to and from Mumbai’s Chhatrapati Shivaji International Airport to get difficult! If you are planning to fly anytime soon to or from the Mumbai Airport, it is advisable to check with the airport authorities first as the airport’s main and secondary runways are likely to remain closed on select days over the next few […]