New Delhi - India's top private airline, Jet Airways Ltd, Wednesday announced it will lay off 1,900 employees, in what is the single biggest retrenchments in the history of Indian aviation, media reports said.
With the move, Jet Airways that Monday struck an alliance with the country's second-largest private carrier, Kingfisher Airlines Ltd, pruned nearly 15 per cent of its staff.
"It is an unfortunate decision, which all of us in the company regret but it is an attempt to save the company and the jobs of the remaining employees," Jet Airways Executive Director B Saroj Dutta was quoted by the PTI news agency as saying.
New York - The third-largest US air carrier Delta Air Lines reported Wednesday that it lost 50 million dollars in the third quarter of 2008 amid rising fuel costs.
The loss compares with the 220 million dollar profit in the same quarter of 2007, but represented a slowdown in the airline's red ink after the company had posted 7.4 billion dollars in losses in the first six months.
Hyderabad : Airline barons Vijay Mallya and Naresh Goyal today quashed rumours of a merger between Jet Airways and Kingfisher Airlines.
"There is no equity swap. Our understanding is for purely commercial alliance," Mallya said on the sidelines of an aviation show here.
Justifying the coming together of the two airlines, which account for about 60 per cent of the market share, Goyal said that the break-even point for the aviation sector is at 90 per cent capacity utilisation whereas, "We are now operating between 60-70 per cent."
New Delhi - Jet Airways Ltd is to lay off as many as 1,000 employees, news reports said Wednesday, two days after India's top private airline struck an alliance with the country's second-largest pr
The four-day long civil aviation exhibition and conference would start from today onward. It is jointly organized by the Ministry of Civil Aviation and Federation of Indian Chambers and Industry (FICCI).
The union minister for aviation, Praful Patel would inaugurate the conference 'India Aviation-2008' at Begumpet Airport, Hyderabad. It is the first international aviation event in the country. The leading airlines of the world would discuss aviation related matters in the conference. It would provide opportunity to domestic airlines to prepare a road map to cooperate with the international airlines. Air India, Kingfisher, Jet Airways, SpiceJet would also present their profile at the event
Two leading airlines of the country, Jet Airways and Kingfisher would start joint flights. This is a much unexpected move as both airlines are competitor of each other in the aviation sector. Both airlines would cooperate with each other for sharing of codes on domestic and international flights, leveraging the joint network, joint fuel management, common ground handling and cross-selling of flight inventories.
New Delhi - India's top private airline, Jet Airways Ltd, Wednesday announced it will lay off 1,900 employees, in what is the single biggest retrenchments in the history of Indian aviation, media reports said.
New York - The third-largest US air carrier Delta Air Lines reported Wednesday that it lost 50 million dollars in the third quarter of 2008 amid rising fuel costs.
Hyderabad : Airline barons Vijay Mallya and Naresh Goyal today quashed rumours of a merger between Jet Airways and Kingfisher Airlines.
