The Directorate General of Civil Aviation approved the summer schedule of flights of Jet Airways (India) Ltd. from March 31 to April 25 only, according to an official document.
The summer schedule of flights of all other domestic airlines such as Vistara, IndiGo, Air India and GoAir has been approved till Oct. 26, according to the document.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The summer schedule begins on March 31, 2019 for all airlines.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
As per the international practice, the Indian aviation regulator approves two flight schedules in a year, namely, 'summer schedule' effective Sunday of the last week of March and 'winter schedule' effective Sunday of the last week of October.
A major crisis at the struggling Jet Airways was averted on Sunday after its pilots' body, National Aviator's Guild, deferred till April 15 its call for halting operations.
The NAG, which claims to represent around 1,100 of the 1,600 Jet Airways' pilots, had announced earlier that its members will not fly from April 1, unless their salary dues were cleared and clarity was provided on future payments by March 31.
On March 25, Jet Airways' board approved a resolution plan formulated by State Bank of India-led domestic lenders. Under the plan, lenders decided to take control of the airline and make a fund infusion of Rs 1,500 crore.
Consequently, the stake of promoter Naresh Goyal has come down to 25.5 percent from 51 percent, while that of Abu Dhabi's Etihad Airways, which had a 24 percent stake in the carrier, came down to 12 percent.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
