Jet grounds four more planes; Abu Dhabi airline may ask for time to mull over rescue deal
With this, global travel agents will gain access to its ticket inventory, but passengers will have to pay a surcharge for tickets issued through Amadeus
It neither mentions timelines for refund or compensation, nor talks about penal provisions for airlines
The airline has grounded 8 planes for last few weeks as it explores the sub lease option
Industry insiders pointed out that almost 70% of oncology drugs are sold through the hospital channel
The slippage in January, on the back of higher fares, indicates airlines are focusing on yield growth at the expense of load factors
Government-owned infrastructure fund National Infrastructure Investment Fund is likely to buy a 19% stake for Rs 1,500 crore
Etihad Airways is likely to retain its 24% shareholding
According to CAPA Research, the country has over 7,963 pilots and will require an additional 17,000 pilots in the next 10 years
The Jet restructuring would mean three board seats going to Etihad as it may turn out to be the largest shareholder
AIATSL is the largest ground handling services provider in India with operations at 76 airports
Its interest bill is around Rs 4,500 crore each year
The airlines are expected to improve their financial performance in FY20 on the back of lower fuel costs and pricing discipline
Currently, airlines are required to pay compensation of Rs 5000 - 10,000 to a passenger in addition to a refund of ticket cost in case of flight cancellation
According to a revised plan, founder-chairman Naresh Goyal's stake in the airline could go down to 16-18%
Etihad Airways, which holds 24% in Jet at present, may up its stake to close to 40% in the airline; EGM scheduled for February 21
These measures are part of initiatives by these nations to attract Indian tourists
The airline is keen to extend the programme beyond Jet partners
The airline's net profit declined 75 per cent in Q4 on fuel price rise and weak rupee
More than 50% of the incremental capacity has been added by IndiGo