Aviation Sector

Sahara approaches HC over lapse in installment payments by Jet Airways

Jet, Sahara AirlinesAccusing the Jet Airways for the supposed lapse in payment of installments with regard to the April 2007 takeover of the earlier Sahara Airlines - now JetLite - Sahara India has approached the Bombay High Court.

Out of the Rs. 1,450 crore acquisition deal for Sahara Airlines, Jet Airways had made an upfront payment of Rs. 900 crore, and had agreed to pay annual installments of Rs 137 crore in the course of the next four years beginning 2007.

Royal Air Maroc to launch regional airline

Royal Air Maroc to launch regional airline Rabat, Morocco  - Morocco

British Airways suspends its Kolkata-London direct service

British AirwaysBritish Airways authorities Sunday onwards suspended its direct services from Kolkata to London - practically applying its last year announcement - saying that the route was not making adequate profit! Coincidentally, the same day, Air India resumed its October 2008-suspended service on the Kolkata-London route, via Delhi.

With the last British Airways flight taking off at around 5 a. m. from the Netaji Subhash Chandra Bose International Airport, the carrier's thrice a week service, direct form Kolkata to Heathrow Airport in London, has been scrapped.

Jet Airways stresses on its “consolidation” in present market conditions

Jet AirwaysAccording to reports, India's foremost privately-owned airline Jet Airways intends slashing its fleet capacity - the airline had earlier announced 18-20% reduction in its winter schedule from October to February.

The airline's Chief Commercial Officer Sudheer Raghavan said that the cuts result from "excess manpower," the company would try to redeploy the affected fleet members for providing better customer service.

Thai Airways International to move all flights to Suvarnabhumi

Thai Airways International to move all flights to Suvarnabhumi Bangkok  - Thai Airways International (THAI) will shift all its domestic flights from Don Mueang Airport to Suvarnabhumi International Airport over the weekend, the national carrier confirmed Friday.

"THAI will shift 23 domestic flights back from Don Mueang Airport, Bangkok's former main airport, to Suvarnabhumi Airport on March 29, 2009, making a total of approximately 45 domestic round flights operated to/from Suvarnabhumi Airport," THAI Senior Executive Vice President Air Chief Marshal Narongsak Sangapong said.

Air France-KLM foresees large operating loss for 2008-2009

Air France-KLM foresees large operating loss for 2008-2009Paris - French-Dutch carrier Air France-KLM said on Thursday that it expects to register an operating loss of about 200 million euros (270 million dollars) for fiscal year
2008-2009 because of the effects of the economic crisis and variations in the cost of crude oil.

If confirmed, it would represent the first such negative result for the company since it was formed in 2003.

Air France-KLM is also pessimistic for 2009-2010, "which will begin in the context of an unprecedented crisis," the company said in a statement.

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