Jet Airways, SpiceJet and IndiGo account for 71 per cent of the total passenger traffic.
Jet Airways has also roped in Boston Consulting Group to help it with revenue enhancement measures.
India’s biggest airline by market share signed a pact for 50 ATR 72-600 planes last year. It had received 12 planes as of September and was supposed to get 20 by January.
Etihad owns 24% of Jet and 50.1% in Jet Privilege. Jet Airways is in talks with potential buyers to sell its stake in the business.
Crisil has downgraded the facilities to 'CRISIL BB-/Negative/CRISIL A4' from 'CRISIL BBB/Stable/CRISIL A3+'.
The airline told ET that it continuously evaluates fleet requirements but didn’t comment on workforce reductions.
ICRA downgraded the long-term rating to A+ from AA and reaffirmed the short-term rating of A1 on the loan facilities.
The airline, a joint venture between Tata Sons and Singapore Airlines, posted a 54% rise in revenues to Rs 2,137 crore during the year.
The potential investors, mostly all of them, want more information about the Jet Airways' revival plan.
In February this year, APM Terminals decided to retrench 99 contract workers at the facility to streamline business and as part of overall cost cutting measures.
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