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Tag Archives: Sale

What if Air India does not attract any buyers? What then?

Air India Boeing 787-8 Dreamliner line number 35 test registered N1015 (later became VT-ANH) at the India Aviation show, Hyderabad March 2012. Photo copyright Devesh Agarwal.

Military aviator and strategist John Boyd famously said, “If you want to understand something, take it to the extremes or examine its opposites.” Applied in the context of Air India, this becomes particularly interesting. That is, at a point of time where everyone seems to be convinced that the airline will be sold off, to understand the situation fully one …

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Jet Airways announces Republic Day sale

Jet Airways' Boeing 737-800 VT-JBD

Full-service carrier Jet Airways has announced a week-long Republic Day sale today. The sale has begun today and offers up to 50% off on base fares through the airline’s domestic and international networks (except to Muscat and Sharjah). The sale is also valid to select destinations in Europe on Air France and KLM. Passengers can book tickets through the sale …

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Jet Airways offering up to 30% off on global sale

Jet Airways has announced a global sale on tickets through its domestic and international network. The airline is offering up to 30% off on flights on its network and on connections with its codeshare partners Air France and KLM. To take advantage of this sale: Tickets must be booked by 11th December 2018. For international bookings, travel can begin after …

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Analysis: Qatar buys 9.61% of Cathay Pacific for $662 million for China foothold

After being rebuffed in its attempt to buy a stake in US carrier and fellow oneworld member, American Airlines Group, national carrier Qatar Airways Q.C.S.C. has bought a 9.61% stake in another fellow oneworld carrier Cathay Pacific Airways Limited. Qatar Airways bought 378,188,000 shares of Cathay Pacific from Kingboard Chemical Holdings and its allied companies for HK$5.2 billion (approximately US$662 …

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GVK to sell 33% stake in BIAL to Fairfax

The main passenger terminal building at Bangalore Airport.

As part of its debt reduction exercise, GVK Power & Infrastructure Ltd, which leads a consortium owning Bangalore International Airport Ltd (BIAL), through wholly owned subsidiary GVK Airport Developers, has announced it will sell a 33% stake in the airport operating company to Prem Watsa promoted Fairfax India Holdings Corporation and Fairfax Financial Holdings Limited for Rs. 2,149 crore (approx …

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Qatar Airways in talks with IndiGo, denies interest in SpiceJet

Qatar Airways Boeing 787-8 Dreamliner A7-BCF.

National carrier Qatar Airways has issued a statement denying any interest in picking up a stake in Gurgaon based SpiceJet. The middle-eastern carrier says This release is to confirm that Qatar Airways is not in talks to pursue a commercial stake in SpiceJet. There is no interest from the airline to engage in a partnership with the Gurgaon-based airline. Qatar …

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Air France, KLM and Delta offer special fares to the US from India and Dubai

Air France A330-200 Economy class cabin. Photo by Devesh Agarwal.

SkyTeam alliance members Air France, KLM and Delta Air Lines are offering special fares from three Indian cities to 20 destinations in the United States and Canada. A special fare on the Dubai Atlanta route is also being offered. A fare of Rs. 60,000 all inclusive is available under this Independence Day sale. Bookings have started and will be open …

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Jet Airways offers all its Boeing 777 and Airbus A330-200s for sale

Jet Airways Boeing 777-300ER VT-JEG performing flight 9W117 from London approaches Mumbai airport

India’s largest private airline Jet Airways appears to have offered almost all of its wide-body fleet on sale. Bangalore Aviation has confirmed the Mumbai head-quartered airline has invited offers for all 10 of its Boeing 777-300ERs (B77W) and all six of its Airbus A330-200s (A332), on the trade website SpeedNews.com. After Jet sells these 16 aircraft, it will be left …

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Sale offer from SpiceJet starting at Rs 1,999

Gurgaon based low fare carrier SpiceJet has announced yet another sale. This is for flights from select cities, Delhi, Mumbai, Bangalore, Hyderabad, Chennai and Kolkata. Fares commence at Rs. 1,999 all inclusive and tickets need to be purchased till September 16, 2014. The travel period is from October 7, 2014 to January 15, 2015 and the usual terms and conditions …

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Pre-delivery payments financing: one method of funding airplane orders

The recent airshow at Dubai saw commercial airlines place aircraft orders in excess of $206 billion. This dollar value is greater than the total tax collection of the Indian Government for the last fiscal year. While the ordered airplanes start generating cash for airlines only after being put in to service, the airlines have to commence payments on these aircraft …

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Jetihad is born. Jet Airways completes 24% stake sale to Etihad Airways

Abu Dhabi-based Etihad Airways and Mumbai-based Jet Airways today announced that they have closed the transaction of a 24% equity stake by Etihad Airways in Jet Airways. In a release they said “All requisite Indian regulatory approvals had been obtained by November 12th, 2013. Jet Airways has, on November 20th, 2013, issued and allotted 27,263,372 equity shares of a face …

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Analysis: Air India sells Boeing 777-200LRs to Etihad. Aircraft ill-suited for its operations.

Two days ago, when gulf major, Etihad Airways, announced its intention to fly between Abu Dhabi and Los Angeles, we at Bangalore Aviation were the first to indicate that Etihad’s announcement was a pre-cursor to its purchase of Boeing 777-200LRs from Air India. Yesterday, it was confirmed that Air India will indeed sell five of its eight Boeing 777-200LRs to …

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Sudheer Raghavan leaving Jet Airways?

by Devesh Agarwal The rumour mill has that Jet Airway’s Chief Commercial Officer Sudheer Raghavan will be leaving the airline soon and is expected to be succeeded by Mr. Wayne Pearce, currently the CEO of Oman Air. Pearce reportedly enjoys a good rapport with Etihad CEO James Hogan. Etihad which is in the process of completing a 24% stake purchase …

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Your opinion: Question of the week: Is Jet Airways too financially weak? What should existing investors do?

by Devesh Agarwal Majority of Jet’s A330 fleet parked at New Delhi’s IGI airport In what is not a very uncommon development, The Economic Times reports, India’s financial markets’ watchdog, the Securities Exchange Board of India, better known as SEBI, has written to the Foreign Investment Promotion Board (FIPB), the approver of FDI proposals, expressing concern on the agreement to …

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