Looking forward to g0yal’s emotional resignation letter in which he will describe his “supreme sacrifice”. So, not only will he not get to be chairman emeritus but Etihad doesn’t even want his son to be on the Board. he must have pissed them so much that they wanted the Goyal family out, lock, stock...
Jump to postBusiness Standard has a fresh story on “why Etihad won’t invest in deb-laden Jet anymore” but the story is behind a paywall. Anyway, all the latest stories seem to suggest that SBI will take control and throw a lifeline which means in reality that Modi has rescued Jet, which probably only happened b...
Jump to postLooks like EY hasn't fully given up on Jet yet. Deal or Exit? Etihad to take final call on Jet Airways on 31 March The board of Etihad Airways PJSC will meet 31 March to take a final decision on whether the Abu Dhabi-based carrier should make a fresh investment in Jet Airways (India) Ltd or exit th...
Jump to postGovernment should intervene and regulate advance booking by Jet Airways Jet cancellation fees are one of the highest and people find it difficult to cancel their scheduled flights. Refunds will be equally challenging. https://timesofindia.indiatimes.com/business/india-business/jets-grounding-yet-fl...
Jump to postdid anybody report this https://www.livemint.com/companies/news/indigo-to-add-25-airbus-a321neo-planes-to-fleet-over-next-one-year-1553315971275.html Everything will depend on the performance of DEL IST mission. If IST is successful, they can try KIX / ICN / PVG / DPS. But now Indigo will probably ...
Jump to postApparently Business Line newspaper has reported that Jet had a Board meeting in London on Sunday but they haven’t got the scoop as yet on what transpired.
Jump to postI don't understand who are the people who still have hope from 9W... It's stock is still at Rs 225. I expected it to become a penny stock by now Why aren’t short sellers of the stock active? This could be a massive opportunity for them as the chances of the stock falling and much much more than the...
Jump to post+1 very nice. I do hope that they improve the product soon otherwise competition may get the leg up as and when other airlines get into the same route and the Pak airspace clears. Opinion: They won't 'improve' anything because there CAN be no competition on the route thanks to Bilateral limits. Ind...
Jump to postVistara might do better with scale. The question is, how to cut Jet's costs *quickly*? Tata's board was wise to veto the earlier offer. I'm not so sure they aren't better off letting Jet fade to black. Lightsaber Why does Tata need to acquire Jet? Can't they not lease Airbus A320 planes from Air As...
Jump to postSince August 2018, Naresh Goyal's biggest miscalculation was that Jet was so valuable to Etihad (for the connecting traffic and increased capacity to India on code share flights), that it was inevitable they would not pull the plug on Jet. Had he been aware right from the outset that there was a 50%...
Jump to post"] And if 9W goes bust, won't Tata (through Vistara) just get them for free? The airline that acquires the most new aircraft within a short period of time to gobble up the vacated New Delhi and Mumbai slots is the one that is King. Does Vistara have the capacity, will, and plan to pull somethi...
Jump to postAll he can do is write so called " emotional " letters to employees after every 15 days. Ha ha. [That's why he is "Chacha" Goyal ! ] Separately, at some point in the past, one of India's airlines had the tagline, "Emotionally Yours" which I thought was ridiculous. I ca...
Jump to postJet has several aircraft that are "grounded". What does this mean exactly? 1) Does it mean that the lessor has begun the process to repossess/repatriate the aircraft, or to lease it to another lessee? OR? 2) Does it mean that the lessor has temporarily grounded the aircraft but intends for...
Jump to postIf you knew how a bank led resolution process works, you wouldn't be making this statement. If there was a specified bank led resolution process in India that made logical sense, there wouldn't be 43 pages of threads for this "jet running out of cash" topic. There is indeed one. Yes, but ...
Jump to postunrave wrote:If you knew how a bank led resolution process works, you wouldn't be making this statement.
Goyal was greedy. Cest la vie. Lightsaber You only see it from the lens of sound economics neglecting the political aspect. So, sorry to prove you are wrong. "Chacha" Goyal, or "Jadugar" (The Magician) Goyal, has found a way to keep his baby alive although a guardian will be loo...
Jump to postOn a similar note, do 6E pax get complimentary meals on their TK leg to Europe? If I am getting complimentary meals and drinks on IST-Europe, that would surely be a huge motivation to tolerate the DEL-IST leg !! A silly question indeed. Also in a way you're demeaning pax who fly 6E. I am only looki...
Jump to postanshabhi wrote:On a similar note, do 6E pax get complimentary meals on their TK leg to Europe? If I am getting complimentary meals and drinks on IST-Europe, that would surely be a huge motivation to tolerate the DEL-IST leg !!
trinidadeG wrote:Jet Airways has reopened reservation for a number of International and domestic routes, effective from 01MAY19.
https://www.routesonline.com/news/38/ai ... f-23mar19/
#wheelsNotComingOff?
Update from the Times of India:
http://timesofindia.indiatimes.com/arti ... 532681.cms?
avier wrote:Blerg wrote:avier wrote:But QR said they'd also codeshare with GoAir, 6E's rival.
Owning of slots for airlines is more like owning some assets. That helps towards assuring some sustainability in the business in the long run. It's more like owning a home. What you suggest sounds something like : Land is owned by the govt. and should not be allowed to be owned by people to build h...
Jump to postOk, so here is a "Hail Mary" play.... According to the link below, Etihad is having a board meeting today {can someone confirm?????} to discuss the Jet rescue (I don't know if this story is dated but it carries a March 23, 2019 date) https://chandercaller.com/2019/03/23/rahuls-address-in-d...
Jump to postMy solution, as stated earlier, is for an orderly shut down (in line with the political requirements to avoid a collapse) with operations ceasing on June 30 (so basically a 3 month reprieve). During this period, Jet should operate long haul 777W (which they own) and A330, plus say 20 domestic aircra...
Jump to postSlots may not have been treated as asset or something tradable in India up until now. But that's going to change and it probably will be that way going forward. After all India is adapting and evolving it's aviation industry in line with global practices. And that's exactly what happens in major sl...
Jump to postThe banks should sell off Jet’s BOM hub (slots and planes) to Vistara or whom ever. Why destroy all the value of Jet’? It makes no sense. But half the post on this board make no sense unless your goal is to just close Jet. And obviously any sale by the banks should sure EY and Goyal. Hardly any of ...
Jump to postCaliguyNYC wrote:The banks should sell off Jet’s BOM hub (slots and planes) to Vistara or whom ever. .
Spiderguy252 wrote:So when in your opinion was the beginning of the end?
There are reports that unpaid dues to vendors could run into several thousand crore rupees. If that's true, no investor is touching Jet with a ten feet pole. It will have to go the NCLT. Given at how long the so called NCLT took to settle the Essar Steel issue (oh, wait a minute, Mittal still hasn'...
Jump to postI looked at dummy booking options from New York to Bombay leaving April and returning May, and viola, one can book flights with their partners -- Virgin, Delta, KLM and Delta (1 flight on partner airline and 1 flight on Jet) . So, at least these 4 airlines haven't locked Jet airways out, as yet. Do ...
Jump to postI thought 189 or 183 number is the normal full schedule ( I am unclear if this is only departures, or departures plus arrivals). If not, could someone indicate the normal schedule and the one for tomorrow?
Jump to postPer a Nov 2018 Business Standard article, Jet at that time held 40 percent of domestic and 25 percent of international traffic out of Mumbai airport. This was the main reason Tata was attracted to Jet
Jump to postHow many flights does Jet have scheduled for tomorrow? All indications are the 150/day number is obsolete. However, I'd like to know the reality, not the rumor. Lightsaber I thought 189 or 183 number is the normal full schedule. If not, could someone indicate the normal schedule and the one for tom...
Jump to post9W can't go under until after the election. Might be down to one flight per day.... then the day after Modi is reelected, the IBBI hearse pulls up. Jet Airways is not going to decide any election. But the politicians have psyched themselves into thinking so. also, modi’s advisors don’t feel the Gov...
Jump to postJust noticing Jet is down just Mumbai from Delhi! All other destinations have been suspended.... I can’t find any reports that Say that Jet is now only operating flights from Mumbai and New Delhi alone and no other Indian city. where did you read it? I just booked a flight for IAH-BLR on QR. When I...
Jump to postPer the Times of India.....looks like the banks are not going to give up....politics trumps economics “Lenders of cash-strapped Jet Airways are in the process of securing "substantial stake" in the ailing airline to try and revive it to a manageable state before selling it to new promoters...
Jump to postIf Jet goes belly up in the next few days it will be a chaotic disruption. didn’t this happen exactly the way with Kingfischer? has India not learnt? You do realise that less than a third of Jet's flights are operating currently, don't you? How much more chaos would a hypothetical cancellation of t...
Jump to postIf Jet goes belly up in the next few days it will be a chaotic disruption. didn’t this happen exactly the way with Kingfischer? has India not learnt?
Jump to postsibibom wrote:Just noticing Jet is down just Mumbai from Delhi! All other destinations have been suspended....
sibibom wrote:Just noticing Jet is down just Mumbai from Delhi! All other destinations have been suspended....
Lenders will meet today to decide on alternatives for Naresh Goyal. Will also begin hunting for new management for 9W- Ex- AI CMD's, Ministry Officials, Former CEO's of private airlines in the fray -per reports. So, despite a 1 in a million shot that Jet will ever turn profitable, the lenders conti...
Jump to postAdditional flight cancellations for march 21: https://www.thehindu.com/news/national/cash-strapped-jet-airways-cuts-more-domestic-flights/article26601571.ece https://centreforaviation.com/news/jet-airways-cancels-more-than-200-domestic-services-on-21-mar-2019-889588 Bank association states that bank...
Jump to postHow does this all make sense from Goyal’s pov. He is acting like he dosen’t own the shares we think he has. Because then he would want to maintain shareholder value. It is like the only thing he has is his control of jet. Playing a dangerous game. Assuming at election time, the Government will not ...
Jump to postAs per earlier reports, Jet owes a lot to AAI and pubic sector fuel suppliers too. They are probably not making a noise as govt might have asked them to help Jet along. Meanwhile Indigo apparently hired around 100 Jet pilots I find the following statement in the article hard to believe. "It ma...
Jump to postPlans to distribute 9W's BOM slots? Govt looks at providing Jet Airways’ unused airport slots to other domestic airlines The Government thinks that 9W getting grounded will result in insufficient 'capacity'? Why? Here's a thought. India's domestic market actually suffers from overcapacity. And a lo...
Jump to post1. Why has Jet not sold its LHR slots as that could generate short term cash...,,or did Jet lease all their LHR slots from Etihad? 2. why does SBI or the Government think they can turn around Jet now that it will have a bloated staff to aircraft ratio making it uncompetitive in the marketplace 3. I ...
Jump to postSo, according to you, what are the 4 carriers? Has to be SpiceJet, Indigo, Vistara and GoAir doesn't it? AirAsia being under investigation probably not included. If one just bothered to sift through the articles on the previous page of this thread, they'd get some idea.. "..representatives of ...
Jump to postI wouldn’t be surprised is SBI came up with an irrrational line of thinking to “rescue” Jet. They are already pitching for the sunk cost theory on the grounds that in a service industry the recovery in bankruptcy is minuscule, which while true doesn’t address the old adage of “don’t throw good money...
Jump to postIt appears that many of the slots held by Jet will be given to other airlines. Apparently government officials met with representatives from other 4 private carriers to determine how many planes could be brought in by them. I wish Vistara could leverage its relationship with SQ to bring in as many ...
Jump to post