Jet Airways will lease out aircraft that have been rendered surplus following the route rationalisation and cost pruning. The airline recently entered into a Wet-Lease Agreement with Gulf Air Company G S C, Bahrain, for leasing out two A330-200 aircraft for four months. It has also entered into similar agreement with THY Turkish Airlines Inc, for leasing out three B777-300 …

Agreement provides Delta with more than $2 billion in combined incremental liquidity and contract enhancements Agreement to result in expanded opportunities for American Express across Co-brand credit card, Membership Rewards, merchant services and travel Delta Air Lines and American Express announced a multi-year extension of their exclusive Co-brand Credit Card partnerships, which commenced in 1996.The companies also agreed to extensions …

The International Air Transport Association (IATA) painted a grim forecast for the airline industry as it announced its forecast for 2009 showing an industry loss of US$2.5 billion. All regions, except the US, are expected to report larger losses in 2009 than in 2008. Forecast highlights are: Industry revenues are expected to decline to US$501 billion. This a fall of …

British Airways announced today, it is making significant changes to its in-flight entertainment brand High Life with an upgraded system offering customers a greater choice and more control over their entertainment on board. The system, known as audio and video on demand, or AVOD, is a huge step forward for the airline boasting the ability to run over 200 entertainment …

Thick fog over Hyderabad early today, hit operations at the Rajiv Gandhi International Airport, Hyderabad. The meteorological department attributed the thick fog to a “rare phenomenon” in Hyderabad. Mr. A. Viswanath, chief commercial officer of GMR Hyderabad International Airport Limited (GHIAL), which operates the airport, said, 19 departing flights and 10 arriving flights were delayed. An additional 6 scheduled flights …

Deutsche Lufthansa AG has further reduced its fuel surcharge on its flights as crude oil and kerosene prices have decreased. The fuel surcharge on domestic German and intra-European routes will lower by 3 euros to 21 euros per flight segment. On long-haul routes the corresponding fuel surcharge will be decreased by 10 euros to 82 euros per flight segment. The …

The current slowing economy needs an extra large dose of stimulus to bring it back on track. Unlike previous slowdowns, this time a 360 degree effort is required to prime the pump and beat the “FUD” factor (Fear Uncertainty Doubt). The government has to do it’s part and focus on areas like infrastructure and other plan expenditure, the companies have …

On Jan. 7, 2009, Houston, Texas based Continental Airlines will partner with Boeing to test a 737-800 passenger jet using a biofuel and traditional jet fuel mixture. The biofuel is to be made from algae and jatropha plants. Air New Zealand and Boeing were to test bio-fuels on a Boeing 747 Jumbo jet, using UOP (a Honeywell company) technology, on …

SpiceJet has announced the re-launch of its services to Kochi, from New Delhi and Mumbai, from December 15. The starting fare will be Rs.1,350 (Kochi-Delhi/Delhi-Kochi) and Rs.750 (Kochi-Mumbai/Mumbai-Kochi). The seats are available for immediate booking. The SpiceJet call center numbers are 1800 180 3333/987 180 3333. Flight SG 101 will start from New Delhi at 6 a.m. and reach Kochi …