After Indigo, now Jet Airways opts out of Air India disinvestment process

Less than a week after budget airline IndiGo rescinded its interest from participating in the disinvestment process of debt-laden Air India, Mumbai-based full-service carrier Jet Airways also said it will not take part in the strategic sale. Another low-cost airline SpiceJet had already pulled itself out of the race even before the preliminary information memorandum was issued and has maintained its stance even after the Centre formally invited expressions of interest. “We welcome the government’s move to privatise Air India. It is a bold step. However, considering the terms of…

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SpiceJet Offers Business Class Seats on Boeing 737 Acquired from Jet Airways, Discounts Upto 40 Percent

Gurugram –based carrier Spicejet is now offering fares at 30-40% less than its competitors. Reports citing experts suggest that the average business class fares are likely to moderate in the near future following the conclusion of operation of India’s largest provider, Jet Airways. The company is offering lowered price on domestic routes between major cities like Delhi, Mumbai, Kolkata, Bengaluru and Hyderabad starting May 11. Since Jet shuttered, SpiceJet is operating the Boeing 737-800 aircraft with the unchanged seat configuration including the business class cabin. So far, SpiceJet has inducted…

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