On Monday, Middle East Big 3 (MEB3) carrier Etihad Airways announced a record $62 million net profit for 2013, up 47.6% year-over-year (YOY) from $42 million in 2012. The carrier saw total revenue grow 27.1% YOY to $6.1 billion, while expenses rose 26.9% to $6.04 billion. Total capacity as measured in available seat kilometres (ASKs) grew 16.6% YOY while traffic …
Read More »Indian low cost carrier IndiGo continues its breathtaking pace of domestic expansion with the addition of two new domestic routes and capacity expansion on Delhi – Hyderabad. This past Friday, IndiGo began service to Varanasi, its 36th destination and 31st in India, with three new daily flights between its largest hub at Delhi and Varanasi using its 180-seat Airbus A320 …
Read More »by Vinay Bhaskara Earlier this month, the United States Federal Aviation Administration (FAA) announced a major downgrade of India’s aviation safety rating, citing a lack of safety oversight on the part of India’s Directorate General of Civil Aviation (DGCA). The downgrade to Category 2 is a significant national embarrassment, and comes after months, if not years, of FAA warnings to …
Read More »Last week, Mumbai based full service carrier Jet Airways announced that it had recorded a net loss of Rs. 267.89 Crore for the third quarter of fiscal year 2013/14 (FY13/14) or a net pre-tax loss of Rs. 27.12 per diluted share. The result reflects a reversal from a Rs. 85.0 Crore net pretax profit of Rs. 91.78 Crore (Rs. 9.85 …
Read More »India’s largest private airline, Jet Airways group, has reported its fourth successive loss, this time of Rs. 267.89 crore in the third quarter of fiscal 2013~2014, which ended December 31, 2013. The airline made a meagre profit of Rs. 0.85 crore exactly a year ago in the third quarter of fiscal 2012~2013. While this is in line with what analysts …
Read More »That the government of India abuses its “Netjets” – Air India is a fact well known. Members of Parliament (MP), along with their “families”, “assistants”, and other hangers-on are provided all kinds of personalised treatment right from the kerb from where the MP is personally escorted, priority check-in, no security-screening, free snacks, free lounge access, some even want a golf …
Read More »Just when we praised Jet Airways, India’s second largest domestic airline, for not joining the self-destroying frenzy of 50 percent discount on air fares, the airline has joined the fare war frenzy first kicked off by low-fare carrier SpiceJet on Tuesday, and followed by all the other airlines now IndiGo, GoAir, Air India, and now Jet Konnect. The Naresh Goyal …
Read More »The stampede of cut-throat fares, which commenced Tuesday, when low fare carrier SpiceJet announced up to a 50 percent discount for 30 and 60 day advance purchase fares is reminiscent of 2008 when airlines went berserk on pricing in a mad rush for growth. This time too, almost every carrier including full service Air India, has joined this madness. Credit …
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Jet Airways has announced a daily direct service between Mumbai and Paris to commence on May 14, 2014. 9W 124 will depart Mumbai 12:00 and arrive at Paris Charles de Gaulle at 17:50. 9W 123 will depart Paris CDG at 21:10 and arrive Mumbai at 09:45 the following morning. Jet Airways is targeting day time connections its domestic network. While …
Read More »Jet Airways will re-commence operating flights to New York JFK airport, but from Abu Dhabi, not from India. The airline along with its partner Abu Dhabi based Etihad Airways, which holds a 24 per cent stake in the Indian carrier, announced that Etihad will commence its second daily on the route from March 1, using two leased Jet Airways Boeing …
Read More »Barely four months after he joined the company, Jet Airways (India) Limited today announced the resignation of its Chief Executive Officer, Mr Gary Toomey. The former Chief Executive Officer of Air New Zealand and Chief Financial Officer of Qantas, Toomey joined Jet Airways on September 25, 2013. Jet’s Chief Financial Officer, Ravishankar Gopalakrishnan, will serve as the acting CEO until …
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Last Saturday, during a spotting session at Bangalore’s newly renamed Kempegowda International Airport one was pleasantly surprised to find two things. The first was that two of the flyovers that were under construction on the airport highway have opened to traffic, reducing some of the commute time. The second was that British Airways had sent one of their OneWorld livery …
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In a December 12th filing with the Borsa Istanbul stock exchange (BIST), national carrier Turkish Airlines has said it will lease three Airbus A330-200 aircraft from India’s Jet Airways for a period of six years. The financial details of the proposed lease were not made available. The middle-eastern giant will lease another five A330s from Dutch lessor AerCap for a …
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From January 15, 2014, Jet Airways is adding two new daily flights to Dammam, Saudi Arabia. A non-stop from Kochi, and from Chennai with a stop in Abu Dhabi. Jet is also re-timing its existing Kochi Abu Dhabi Kuwait flight to offer passengers an evening connection to Dammam on the Chennai Abu Dhabi Dammam flight. All flights will be operated …
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Etihad Airways, the national airline of the United Arab Emirates, will launch a daily service from Abu Dhabi to Jaipur commencing on April 1, 2014. With Jaipur, Etihad will serve ten destinations in India Ahmedabad, Bangalore, Chennai, Hyderabad, Kochi, Kozhikode, Mumbai, New Delhi and Trivandrum. Etihad will operate the service with an Airbus A320 aircraft in a two-class configuration, 16 …
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By BA Staff European airframer, Airbus has signed an agreement with national carrier Kuwait Airways to buy 10 A350-900s and 15 A320neos. A little over two weeks ago, Kuwait Airways had suspended its Chairman for publicly stating an intent to buy five A330-200s from India’s Jet Airways.
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by Devesh Agarwal Etihad Airways has wasted no time in capitalising on its recent bonanza of seat quota increase under the new India UAE (Abu Dhabi) bi-laterial air services agreement (BASA). It has announced a massive increase in flights to most of its destinations in India. Specifically Mumbai and New Delhi: from 7 to 14 flights per week with immediate …
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Yesterday, Reuters quoting Kuwait Airways Chairman Sami Al-Nesif, reported that Kuwait Airways is buying five A330-200 aircraft from India’s Jet Airways. According to Mr. Al-Nesif, Kuwait Airways wanted to take 11 jets from its old fleet of 17 out of service and use the Jet Airways’ aircraft as a stop gap measure till its order of new Airbus aircraft commence …
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by Devesh Agarwal Rahul Bhatia, InterGlobe, Marc Parent, CAE InterGlobe Enterprises, the parent company of India’s largest domestic airline, IndiGo, and CAE, a global leader in flight simulators and training, inaugurated India’s largest pilot training facility in India. Located in Greater Noida, in the National Capital Region (NCR), the Centre, CAE Simulation Training Private Limited (CSTPL), is a joint venture …
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Earlier today, it was announced that Indian full service carrier Jet Airways would be cancelling its longstanding daily flights between its Southern hub at Chennai, and Colombo from 3rd January, 2014. The route, which was operated with Boeing 737-800 equipment, had schedules as follow: 9W252 ~ MAA – CMB ~ 0055 – 0210 ~ 738 ~ Daily 9W253 ~ CMB …
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