AI offers ‘rescue’ fares to stranded international passengers of Jet Airways

Air India Chairman Ashwani Lohani is likely to meet State Bank Chairman Rajnish Kumar on Friday over the national carrier’s plans to lease five wide-body Boeing planes from the now grounded Jet Airways.
Weighed down by a mountain of debt and falling revenue, Jet Airways announced suspension of its entire operations from Wednesday night and owns 16 wide-body planes, 10 B777-300ERs and six Airbus A330s. The SBI-led consortium of lenders are now running the airline under a debt recast plan.
The Air India chairman had written to SBI chief on Wednesday expressing interest in taking on lease five of the Boeing 777s from Jet and deploy them in key international routes. And the meeting, expected to take place in New Delhi, is in furthering this. “Lohani is expected to meet Kumar today to discuss his plans of leasing five Jet Airways’ B777s. Air India is keen to launch more international routes and enhance frequencies on the existing ones.
“But it does not have additional aircraft to do so. If it is able to strike a deal with Jet lenders, it can expand the international operations further,” a source privy to the development told PTI. The Air India spokesperson was not available to confirm or deny the meeting.
In a dry-lease arrangement, the lessor gives out only the aircraft to a lessee, while in wet-lease, the aircraft comes with the complete crew, maintenance and insurance. After the grounding of Jet, Air India is the only domestic carrier now operating services on long haul and ultra-long haul routes like London, Paris, New York, Washington, Chicago and San Francisco, among other cities.
Indian researchers are working on cells that can store more energy, last longer
To fix a broken bone, doctors often harvest another bone from the patient’s body or from someone else. It ...
Superconductors from IIScScientists at IISc Bangalore have invented a device with a nanocrystal structure ...
Engineering and construction giant L&T has won a licence from the Council of Scientific & Industrial ...
Digital money-lending platforms may be hassle-free and convenient, but look before you leap
Those with a moderate risk appetite & an investment horizon of 3 years can consider the fund
Care Health Insurance’s new rider offers no great benefit. We review its pros and cons
I am contemplating taking early retirement now at 53 years of age. I will be drawing regular pension ₹38,000.
India is ready with two vaccines to beat the deadliest virus of recent times. The immunisation drive, however, ...
Although they match their Gujarati, South Indian and North Indian counterparts bite for bite, Maharashtrian ...
Actor-director Seema Pahwa spent her time in pandemic 2020 building stories around the eccentricities of joint ...
The clinician scientist on how to combat a mutating virus
Agencies are optimistic that ad volumes and spend will rebound
When tech meets fashion, it can knock your socks off
2020 ambushed and battered agencies — but advertising kept audiences engaged
The turn of the year is a great opportunity for brands to put their best feet forward and showcase ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor