After a loss of 8,556 crores in FY19, the Chairman and Managing Director (CMD) of Air India has indicated that the airline needs a sovereign guarantee of 2400 crores to fund ongoing operations. The airline continues to bleed cash at an alarming rate. Capacity woes continue and estimates indicate that twenty-two aircraft are grounded. On the costs side, there have …
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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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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 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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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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Here’s a chance to fly one of the most luxurious business class cabins in the world for a really low price. Singapore Airlines is offering an all-in, round-trip business class fare of US$3,699 (about Rs 2.51 lakh) from each of its U.S. gateways in New York JFK, Los Angeles, San Francisco and Houston to select destinations in Southeast Asia. These …
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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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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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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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Following the DGCA’s decision to allow unbundling of check-in baggage, low fare carrier SpiceJet has introduced an ultra-low fare of just Rs 999 ($16) which only allows for hand baggage. These fares which compete head-on with 2AC train fares are valid for booking till April 29, 2015, for travel from July 1 to October 15. The airline says it is …
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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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The announcement at the Bombay stock exchange by SpiceJet Ltd. says it all. Spicejet Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 15, 2015, inter-alia, has taken on record the proposal of the principal shareholder and Promoter, Mr. Kalanithi Maran and KAL Airways Private Limited to transfer the ownership, management …
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As it gets ready to operate to New Delhi, AirAsia India (I5) is offering promotional one-way fares of Rs 699 for travel between its Bangalore hub and its destinations of Chandigarh, Chennai, Goa, Jaipur and Kochi. The promotion is part of the overall ‘Big Sale’ of the AirAsia group which is offering three million seats under the promotional fares. AirAsia, …
Read More »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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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 …
Read More »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 …
Read More »by Devesh Agarwal The aviation enthusiast community may not have too much respect for The Economic Times newspaper when it comes to technical accuracy when reporting aviation related stories, but hats off to a great article that goes in to the depths on how the deal for a 24% stake by Etihad Airways in Jet Airways was negotiated and struck. …
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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 …
Read More »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 …
Read More »by BA Staff Qatar Airways cabin crew. Photo copyright Devesh Agarwal Qatar Airways is offering discounts to HSBC Bank India debit and credit card holders. The airline is offering 10% savings in Economy Class and 15% in Business Class valid for sale until September 15, 2013 with all travel to be completed on, or before, March 31 2014. Card-holders should …
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