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Can Dubai investor-backed Jet Airways finally take-off, meet new relaunch deadline?

After several aborted takeoffs in its much-heralded relaunch efforts, the grounded #JetAirways

Banks slowing down Jet airways takeover. Why Indian banks unsupportive to Aviation Industry ?

After several aborted takeoffs in its much-heralded relaunch efforts, the grounded Jet Airways, which until three years ago was a significant player in the India-Gulf sector, says it is ready to begin operations within weeks amid reports that its new management has been successful in resolving significant issues with former lenders and aircraft engine makers.

The airline, which is being revived by businessman Murari Lal Jalan of Dubai and Florian Fritsch, chairman of Kalrock Capital Management Ltd, has reportedly chosen five aircraft to start operations after securing favorable terms from engine manufacturers in its proposed aircraft leasing contracts.

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Jet Airways Could Start Operations with Five Aircraft by October End, Details Here(Opens in a new browser tab)

Three A320Neo and two B737-8 MAX aircraft have been identified, which the airline aims to use during the initial domestic phase of its relaunch.

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According to Kapoor, starting or restarting an airline requires careful planning. “We want to make sure we take the time to get the best terms and contracts for both aircraft and engines, including maintenance contracts, as well as to receive aircraft configured the way we want them to meet our strategic requirements and to secure our future,” Kapoor was quoted in Indian media as saying.

For both Airbus and Boeing aircraft, the airline is currently employing pilots and cabin crew. The airline added, “We are extremely near to finalizing our initial fleet plan in preparation for launching for sale soon and resume of operations in the coming weeks,” in a statement to the media on September 27.

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Malaysia’s newest budget airline ready to take off(Opens in a new browser tab)

Aviation experts have argued that the ownership consortium must set a timetable for working with the lenders to complete the debt resolution plan before deciding whether to purchase or lease aircraft. It’s unclear at this time whether the group of lenders that sent Jet Airways to bankruptcy court has given the new owners the go-ahead to lease or purchase aircraft. Before the Jalan-Kalrock consortium’s debt resolution plan was authorized, the airline’s bankruptcy lawsuit before the National Company Law Tribunal (NCLT) dragged on for two years following its 2019 grounding.

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IndiGo to introduce business class Service on its busiest routes 

IndiGo to introduce business class Service on its busiest routes 

After nearly 18 years of dominating India’s aviation landscape with its single-class economy configuration, IndiGo, the country’s largest airline, is set to make a significant leap by introducing business class service on its busiest routes.

The decision comes as IndiGo aims to offer passengers more choices and enhanced comfort amid the backdrop of a burgeoning economy. Set to be unveiled around August, coinciding with the carrier’s 18th anniversary, IndiGo’s “tailor-made business product” promises to redefine the flying experience for its customers.

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This move follows closely on the heels of IndiGo’s recent announcement of acquiring 30 wide-body aircraft, indicating the airline’s strategic expansion and commitment to catering to diverse passenger preferences.

IndiGo’s foray into business class service represents a significant milestone, especially considering its longstanding reputation as a low-cost carrier focused primarily on economy class offerings. With a fleet exceeding 360 planes and operating approximately 2,000 daily flights, the airline’s entry into the business class segment is poised to reshape the Indian aviation industry.

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Currently, Air India and Vistara are the sole providers of business-class seats on domestic routes in India. However, by December 2024, IndiGo will join this exclusive league, introducing its bespoke business class experience tailored to meet the evolving needs of discerning travelers.

Initially, IndiGo’s business class operations will be rolled out on the busiest domestic routes, ensuring passengers enjoy added comfort and luxury during their journeys. Further details regarding the official launch date, specific routes, and promotional offers will be disclosed by August 2024, heightening anticipation among passengers eagerly awaiting this premium service.

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Air India Gives Salary Increments to Staff; Bonus for Pilots

Air India Gives Salary Increments to Staff; Bonus for Pilots

Air India announced on Thursday that it will implement annual salary increments for its staff and introduce an annual target performance bonus for pilots, according to sources. This marks the first appraisal process since the Tata Group took over the airline a little over two years ago.

Chief Human Resources Officer Ravindra Kumar GP revealed that salary increments will take effect from April 1, 2024. Additionally, performance bonus payouts for the fiscal year 2023-24 will be based on both company and individual performance, sources reported.

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Pilots will see an increase in their fixed pay ranging from ₹5,000 to ₹15,000 per month. They will also be eligible for an annual target performance bonus between ₹42,000 and ₹1.8 lakh, contingent on performance metrics.

Cabin crew members will also benefit from an annual performance bonus of approximately ₹25,000. Alongside this, they will receive a standard salary increase for the financial year 2025, effective from April.

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Air India, which employs around 18,000 people, aims to foster growth and transformation, as stated by Kumar. The airline achieved significant milestones in the last financial year, laying a strong foundation for its future. As part of its Vihaan.AI initiative, the airline introduced a contemporary annual performance appraisal process known as “Rise AI” and transitioned to a simplified, market-competitive, and productivity-oriented compensation structure for employees.

However, it was noted that junior first officers will not receive a hike in their monthly fixed pay. Nevertheless, they will be eligible for an annual target performance bonus, with junior first officers receiving ₹42,000 and first officers and commanders receiving ₹60,000 per annum, provided they meet performance expectations.

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Qantas Expands IndiGo Codeshares from Singapore

Qantas Expands IndiGo Codeshares from Singapore

Qantas has broadened its codeshare partnership with IndiGo, India’s largest domestic airline, enhancing travel options between Australia and India. This expansion allows customers to seamlessly connect from Qantas flights in Singapore to IndiGo’s services to both Delhi and Mumbai.

Previously, the codeshare arrangement enabled passengers on Qantas flights arriving in Bengaluru and Delhi to connect onto IndiGo domestic services to 21 destinations across India. Now, travelers can enjoy a more streamlined journey by transferring through Singapore.

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Additionally, the new arrangement allows customers to incorporate overnight stopovers in Singapore into their travel plans before continuing to Delhi or Mumbai. This provides greater flexibility and convenience for those wishing to explore the city or rest before their onward journey.

Qantas passengers traveling on IndiGo flights benefit from the same checked baggage allowance as their flight from Australia and receive complimentary food and beverages. Furthermore, Qantas Frequent Flyers can earn and redeem points on connecting IndiGo flights (with a QF code) between Singapore and India.

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This partnership expansion comes alongside Qantas’s recent announcement of increased flights to both India and Singapore. Specifically, flights between Sydney and Bengaluru will become daily during the peak holiday season, complemented by additional flights from Sydney and Brisbane to Singapore.

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