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Jet Airways (India) Ltd.

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"Growth in domestic India RPKs (revenue passenger kilometres) eased to 1.6 per cent year-on-year, from 4.5 per cent observed in August," said a press release of the International Air Transport Association (IATA). In comparison, Chinese passenger traffic grew by 8.9 per cent and 9.8 per cent in September and August, respectively, as per the IATA.

Total income from operations stood at Rs 1,747.59 crore as compared to Rs 1,611.15 crore in the corresponding period of last fiscal, it added.

“Boeing has tested over 800 test flights (on B737Max) and is working on improving the training process involving B737Max. We are working closely with regulators round the world to bring the aircraft back to service,” said Darren Hulst, director (product, forecast and current market), Boeing Commercial Aircraft.

The Tata Group may consider bidding for Air India, an airline it once owned, whenever the govt finalises its sale. “Ideally, it is a Vistara decision. It is not a Tata Sons decision. I will ask the team to evaluate it," said the Tata group chief N Chandrasekaran. Acquisition of Air India would help the Tatas scale their aviation business.

​Vistara has been operating daily flights on the Delhi-Singapore and the Mumbai-Singapore routes since August 6 and August 7 respectively, using Boeing 737-800NG planes that were leased post the shutdown of Jet Airways in April this year. These planes can carry extra fuel and can fly one hour extra as compared to old A320neo planes.

The lowcost carrier, a 51:49 joint venture between Tata Sons and Malaysia’s AirAsia Berhard, will become an impactful player in the market once its fleet grows to 50 aircraft.

The British carrier, which stopped flying to India's financial hub from London in January 2016, relaunched its non-stop daily flight services on the route from Oct 27 in a bid to capture demand in the wake of grounding of Jet Airways.

The PIL was filed before the Supreme Court seeking refund and compensation for the Jet Airways passengers.

Domestic benchmark index NSE Nifty was trading 3.50 points down at 11,658.35.

The former Jet Airways CEO, according to sources was wanted by GoAir for long to fill their CEO post. Dube had left Jet Airways on May 14 this year. Dube boarded the Wadia group-promoted carrier last week, according to sources.

With jet Airways no longer operating any flights, other airlines have come forward to fill up the winter slots occupied by the Jet till last year. Vistara has taken the lead followed by SpiceJet and AirAsia India in filling up the space.

The winter schedule is from October 27 to March 28, 2020 and the number of weekly flights in the upcoming winter schedule is 1.2 per cent higher than 23,117 such flights operated during the previous winter schedule.

Investigators found that Jet Airways leased aircraft from 'ghost offshore' cos & paid lease rentals to them.

Jet Airways (India) Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors

| Announcement

Intimation of the Resignation of one of the joint Statutory Auditors (BSR & Co LLP) as the auditors of Jet Airways (India) Limited

Jet Airways (India) Intimation Of The Fourth Meeting Of Committee Of Creditors(COC)

| Announcement

Intimation of the Fourth Meeting of Committee of Creditors(COC)

According to people in the know, Goyal was questioned at the ED’s Mumbai office on issue related to restructuring of the airline and expenses which were “deemed” fictitious.

Committee of creditors reaches agreement with Luckystar Property to settle Siroya Centre dispute out of court.

Synergy Aerospace is still doing due diligence of Jet Airways, which was admitted for the insolvency on June 20, the airlines resolution professional Ashish Chhauchharia told the NCLT.

ACEU has also decided to launch a "united struggle" against privatisation bid which has already failed twice in the past, union said in a statement after its meeting held in Hyderabad last week.

The group, which witnessed a drop in revenue and fell into the red in the quarter ended June, has approached investment bankers to initiate an exit, the sources said.

The order has been issued in accordance with ground-handling regulations, 2018 but has left some of the private airport operators miffed as this means loss of revenue for them.

The airline has inked a pact for leasing the four MAX aircraft, SpiceJet Chairman and Managing Director Ajay Singh told shareholders.

Jet Airways (India) Clarification sought from Jet Airways (India) Ltd

| Announcement

The Exchange has sought clarification from Jet Airways (India) Ltd with respect to news article appearing on https://www.thehindubusinessline.com September 29, 2019 titled "NCLAT okays agreement between Dutch court and Jet resolution professional". The reply is awaited.

Companies that can keep costs low relative to their industries are rewarded by the stock markets.

A three member NCLAT bench said that the Dutch administrator would be part of the CoC meeting and would be given minutes of the meetings.

Allcargo is in the final round of talks to pick up a controlling stake in Gati.

The lenders had in-principle sanctioned Rs 63 crore to the RP and SBI, the lead lender, had reportedly already disbursed its portion of Rs 10 crore.

Airlines registered a marginal growth of 3.87% year-on-year in the number of domestic passengers flown during August

Airlines, however, not too optimistic with the near 6% increase as bookings decline amid overall slowdown.

The govt is looking at halving the burden and making it a more attractive prospect, sources have revealed.

Global Vectra Helicorp, Jet Airways and TAAL Enterprise were the top gainers.

The airline owes over Rs 8,500 crore, excluding interest, and other penal charges, to a clutch of lenders led by the State Bank.

The airline owes over Rs 8,500 crore, excluding interest, and other penal charges, to a clutch of lenders led by the State Bank.

Directorate General of Civil Aviation (DGCA) told PTI that the regulator will "conduct its own checks once the US aviation regulator Federal Aviation Administration (FAA) gives the green light to the 737 Max plane".

The issue of fares has been raised at a time when the industry is entering into third quarter, which is a high demand period for the airlines.

Government sources said that the airlines did bring up the issue of aggressive pricing on several routes that becomes unsustainable.

The growth in the industry capacity continued to be muted in July at 3.5 percent, primarily due to the grounding of Jet Airways.

The Modi-led NDA government, since the time it took charge in 2014, has been cautious in increasing foreign flying rights with countries within 5,000 km radius of India.

Here is breaking down the pre-market actions.

Fares for domestic travel is expected to spike 7-9% this fiscal because of limited capacity additions, Crisil said.

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