Debt-laden Kingfisher Airlines Ltd and Jet Airways (India) Ltd are growing their international presence after stalling expansion plans for a year due to the recession. The civil aviation ministry has cleared Kingfisher’s proposal to join oneworld, an international grouping of airlines, while Jet has decided to increase its network in West Asia and Sri Lanka, two ministry officials said on...
Delhi-based domestic air carrier SpiceJet plans to raise around $75 million by issuing preferential shares by September 2010. The airline has appointed financial services firm Edelweiss, along with IDFC-SSKI Securities, as co-fund manager to find a suitable investor. “We would like to go for preferential allotment of shares, but the actual financial instrument will be decided only after assessing...
MAS GMR Aerospace Engineering Company Pvt. Ltd is a JV between Malaysian Aerospace Engineering and GMR. The board of Jet Airways (India) Ltd has approved an investment of up to 26% in MAS GMR Aerospace Engineering Company Pvt Ltd, which is into aircraft maintenance, repair and overhaul (MRO) activities. The investment by Jet Airways will be made by way of cash and other non-cash considerations...
The ministry of civil aviation is planning to constitute a new panel with adjudicatory powers to ease out problems arising in the merger of erstwhile Air India and Indian. Though the merger process was begun three years back, only about 20-25% of it has been achieved till now. Sources confirmed on Wednesday that a panel, comprising eminent personalities from “outside”, is being constituted to...
Kingfisher Airlines, today announced the launch of Kingfisher Xpress, a new Door-to-Door cargo delivery service. The launch is slated for February 2, 2010. Kingfisher Xpress Same Day service will be India’s first and only same day delivery by air service, with a money-back guarantee. The promise of the Kingfisher Xpress Same Day service is that shipments will be picked up from your doorstep and...
Low-cost airline JetLite topped the flight cancellation list in December with 3.2 per cent, while budget airline GoAir had the lowest cancellation rate at 0.5 per cent in the same month, according to DGCA estimates. Jetlite was followed by the all-business class Paramount Airways at three per cent while the overall industry average of the domestic airlines was at 1.8 per cent during December 2009...
Indian budget carrier SpiceJet Ltd. is currently evaluating its fleet expansion plans with a view to possibly add more aircraft in the future but no decision has been reached yet, its chief commercial officer said Thursday. “We are evaluating the future,” Samyukth Sridharan told Dow Jones Newswires on the sidelines of a conference on budget airlines. “We have not taken a...
Jet Airways India Ltd, the country’s oldest private airline, has registered a 53% increase in domestic passengers in December 2009 over the corresponding period the previous year, and a 28% increase in international traffic, chief executive officer Nikos Kardassis told Mint on Tuesday. The numbers do not include traffic for JetLite India Ltd, the low-fare unit of the company. The October-December...