In a bizarre incident that exposed safely flaws at the Chhatrapati Shivaji International Airport in Mumbai, a passenger ferry coach belonging to Jet Airways rammed into a standing Go Air plane on Thursday morning. The bus was parked at the washing area of the airport. It rolled forward to hit the Go Air Airbus A-320, which was parked in a remote bay. The collision damaged the front nose portion of the aircraft.

European Union officials might ask the Indian private sector carrier, Jet Airways to pay Rs 300 crore toward carbon emission tax for its operations on the continent.

Even as the European authorities have asked aviation firms to file their carbon emission data in order to calculate carbon taxes on them, the government in India has urged the airlines not to comply. India is opposing the move by the European authorities and have received support from more than two dozen countries including the US and China.

Indian Prime Minister Manmohan Singh is expected to meet al the heads of the domestic airline companies on Saturday.

Even as the agenda of the proposed meeting is not known, it is expected that Dr. Singh will discuss ways to assist the cash-strapped airline companies in the country and address other concerns in the aviation industry.

India's leading airline, Jet Airways has expressed concerns over allowing foreign airlines to enter the Indian market.

Saroj Datta, Executive Director, Jet Airways said that if foreign airlines are allowed into the country with high investments, it will lead to a situation where the Indian skies will be dominated by international airlines.

He said, "The Indian airline industry is not faring very well, so few foreign investors would be interested in putting their money here, till the airlines can provide a good return."

India's largest carrier by market share, Jet Airways has been advised to raise fresh capital in order to meet its payment obligations and also to fund the loss making low-cost JetLite branch of the company.

The company's auditors said that the new funding will be very important for the company if the company's accounts are to be prepared on a going-concern basis in future. The recommendations were given in the limited review report of Jet's quarterly financial results by auditors, Deloitte Haskins & Sells and Chaturvedi & Shah.

All those who have plans to fly domestically in the country should be prepared to pay more for your journeys, as the airfares are all set to increase in October.

Some airlines & travel industry sources have recently confirmed that Indian airlines have plans to increase its airfares in October on the domestic routes primarily.

“The festive season kicks off in October, many people travel during the next three months. The demand is looking good, so load factors are likely to go up in October”, said a senior airline executive.

Reports are also suggesting that this increase could go up from 8% to 10% on metro routes. Moreover, cost of exclusive routes, which are covered by only few airlines, may see a steeper hike of 12%-15%.

There has been a deal struck between Jet Airways and Godrej. This deal has been struck for the agreement of the development of the property of Jet Airways. The property is located at C-68, C Block, Bandra Kurla Complex (BKC), in Mumbai.

According to the agreement, there shall be a development program followed by Godrej, when they shall develop as much as one million square feet of the building which is an office. It is expected to be completed in the next three years.

The largest private sector airline of India, Jet Airways is planning to do a sale-and-lease back transaction of four of its Boeing 737 aircraft in the June-September quarter. The company is also looking forward to develop its 2.5 acre plot in Bandra-Kurla-Complex (BKC) for commercial purposes during the June-September quarter.

The airline is also planning to have only one low-fare brand against the current two: JetLite and JetKonnect within the next two months.

Mumbai, May 19 : Jet Airways Thursday reported a stand- alone net profit of Rs. 9.69 crore for fiscal year 2010-11, as compared to a net loss of Rs. 467.64 crore for fiscal 2009-10.

"Company has posted a net profit of Rs 96.90 million for the year ended March 31, 2011, as compared to net loss of Rs. 4,676.40 million for the year ended March 31, 2010," the company said in a regulatory filing.

According to the company, its total income in the last fiscal increased by 21.29 percent at Rs. 12,951.04 crore as against Rs. 10,622.92 crore in 2009-10.

Technical analyst Nishant Jain of Tradeswift Broking is bullish on Jet Airways (India) Limited and has maintained 'buy' rating on the stock with a target of Rs 472.

Mr. Jain said that the investors can buy the stock with a stop loss of Rs 430.

The stock of the company, on March 28, ended at Rs 451.60 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 926.35 and a low of Rs 398 on BSE.

Current EPS & P/E ratio stood at 10.84 and 42.29 respectively.

Technical analyst Prabir Kumar Sarkar of SPA Securities is bearish on Jet Airways Limited and has maintained 'sell' rating on the stock with targets of Rs 450 and 440.

According to Wadharia, the stock can be purchased with a stop loss of Rs 471.

Today, the stock of the company opened at Rs 460 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 926.35 and a low of Rs 398 on BSE.

Current EPS & P/E ratio stood at 10.84 and 43.13 respectively.

Technical analyst Nitin Murarka of SMC Global has maintained 'sell' rating on Jet Airways Limited stock with targets of Rs 380 and 370.

According to analyst, the investors can sell the stock with a stop loss of Rs 560.

Mr. Murarka said that it is better to sell the stock in today's trading session to avoid loss.

He added that the interested investors can buy the stock again to reap gains in medium or long term.

Today, the stock of the company opened at Rs 431 on the Bombay Stock Exchange (BSE).

Amid hikes in rates by international Airlines, Indian airline Jet Airways also hiked ticket prices up to Rs 200 from Saturday. The company said in a release, "Effective February 26, we are increasing our fuel surcharge on all domestic Jet Airways, Jet Airways Konnect and JetLite flights."

Several western airlines yesterday announced hike in their rates, concerning increased fuel prices. Now Jet Airways is the first Indian airline to join international price hike foray by airlines on oil issue.

Jet Airways recorded a rise in net profit by 11% in the third quarter ended December 31. Jet Airways has recorded its fifth consecutive quarter of profit. Rs 118 crore is the net profit recorded as compare to last year's net profit of Rs 106 crore during same period.

The rise in profit was due to increasing demand of air travel, although the rise is below the expectations of the experts. During third quarter management has reported a tax liability of Rs 99 crore in the balance sheet.

Revenue have also shown a growth of 20% at Rs 3515 crore against last year's revenue.

Technical analyst Rakesh Bansal of New Age Wealth maintained 'hold' rating on Jet Airways Limited stock stock to attain a target of Rs 570.

According to analyst, the investors can buy the stock with a stop loss of Rs 490.

Today, the stock of the company opened at Rs 519.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 926.35 and a low of Rs 403 on BSE.

Current EPS & P/E ratio stood at 7.85 and 67.80 respectively.

Stock market analyst Hitendra Vasudeo has maintained 'buy' rating on Jet Airways (India) Limited stock with targets of Rs 922 and 1030.

According to analyst, the interested investors can buy the stock with stop loss of Rs 802.

Today, the stock of the company opened at Rs 892 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 896.40 and a low of Rs 403 on BSE.

Current EPS & P/E ratio stood at 7.85 and 116.37 respectively.

Jet Airways India escalated by 1.45% to Rs. 800.05 at 10:49 IST on BSE subsequent to the company expressed its national customer traffic nurtured by 37.1% and global traffic inclined by 36.4% during the month of September 2010 over September 2009.

The group did this statement in the trading hours today. In the meantime, the BSE Sensex was monotonous at 19882.43. On BSE, 28,173 shares were bought and sold in the deal with as in opposition to an standard daily quantity of 3.09 lakh shares in the precedent one quarter.

Stock market analyst D Prasad has maintained 'buy' rating on Jet Airways (India) Limited stock to achieve a short term target of Rs 875.

According to analyst, the interested investors can buy the stock above Rs 834 with a strict stop loss of Rs 814.

The stock of the company, on Oct 07, closed at Rs 817.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 842.45 and a low of Rs 353.35 on BSE.

Current EPS is -37.94.

As the Indian aviation sector is fighting hard to survive, one of the airlines is doing well. At least that what it seems when Jet says that it expects it profit to go up by 27 per cent during this fiscal.

This is happening since the airline has seen an increase in its market share. Talking to CNBC TV-18, Sudheer Raghavan, Chief Commercial Officer said that strong seat factor is going to turn around the story for Jet.

Stock market analyst Sudarshan Sukhani has maintained 'buy' rating on Jet Airways Ltd stock with target of Rs 800.

According to analyst, the interested investors can buy the stock with a strict stop loss of Rs 750.

The stock of the company, on September 21, closed at Rs 771.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 835 and a low of Rs 306 on BSE.

Current EPS is -37.94.