By Aditi ShahNEW DELHI (Reuters) - Etihad Airways is holding talks with Jet Airways Ltd <JET.NS> and its bankers on a rescue plan for the debt-laden Indian carrier, two sources aware of the matter told Reuters.gi Executives from Etihad and Jet have met some of the airline's bankers in Mumbai in recent days to discuss ways to address its cash flow issues and evaluate the carrier's future business plan, the sources said.Etihad, which owns 24 percent stake in Jet Airways, is also considering investing fresh funds in the airline if it can agree on the structure, one of the sources said, adding that no deal has been finalised.The sources did not want to be named as the discussions are private. Jet, which is India's biggest full service carrier by market share, is in desperate need of cash. The 25-year-old airline, founded by Naresh Goyal, owes money to lessors and vendors, has delayed salary payments to pilots and senior executives and is cutting flights on non-profitable routes to … [Read more...] about Etihad, Jet Airways in talks on rescue deal
Etihad new routes
Routes: Lufthansa jet swap; Level at SFO, Hainan, EVA, AA, Alitalia, Etihad
A round up of this week's most important air route news Chris McGinnis Published 10:22 am PST, Friday, November 9, 2018 Keep an eye out for this bird! Lufthansa's SFO-Frankfurt route will briefly get a 747-8 in January- among other jet swaps Keep an eye out for this bird! Lufthansa's SFO-Frankfurt route will briefly get a 747-8 in January- among other jet swaps Photo: Lufthansa Level will deploy more SFO-Barcelona capacity next summer. Level will deploy more SFO-Barcelona capacity next summer. Photo: Level Hainan Airlines will use a 787 for new Seattle and Boston service. Hainan Airlines will use a 787 for new Seattle and Boston service. Photo: Hainan Struggling Alitalia is launching new flights between Rome and Washington Dulles Struggling Alitalia is launching new flights … [Read more...] about Routes: Lufthansa jet swap; Level at SFO, Hainan, EVA, AA, Alitalia, Etihad
Emirates to launch daily flight from Edinburgh to Dubai
0 Have your say Emirates has announced it will offer a daily flight to Dubai from the Capital. The new service will begin on the 1st of early October, with daily flights arriving at Edinburgh at 14:50 before departing at 2015 and arriving in Dubai at 0640.It will be a year-round service and maintains and strengthens Scotland’s busiest airport’s links with the Middle East ahead of the departure of Etihad’s Abu Dhabi route.Gordon Dewar, Chief Executive of Edinburgh Airport said: “This is a fantastic announcement as we welcome another world-renowned airline to Scotland’s busiest airport – a clear statement that Edinburgh Airport is the gateway to Scotland.“The route enhances our connectivity to the Middle East and further afield as we access that long-haul network, giving us greater access and choice than ever before. It also back fills the departure of Etihad even before that service ceases.READ MORE: Edinburgh Airport announce new … [Read more...] about Emirates to launch daily flight from Edinburgh to Dubai
AP sources: US, Emirates near deal to solve air subsidy spat
WASHINGTON (AP) — The United States and the United Arab Emirates are nearing a deal to resolve a years-old spat over alleged government subsidies to Emirati airlines that the major U.S. airlines claim have tilted the competition against them, four individuals familiar with the negotiations told The Associated Press.Under the budding deal, Dubai-based Emirates and Abu Dhabi-based Etihad Airways would agree to voluntarily open up their accounting books, long accused by the U.S. airlines of obscuring billions in subsidies. The airlines will also assert to the United States that they currently have no plans to add additional flights to the United States from Europe or other destinations outside of the United Arab Emirates.The deal will closely mirror one reached in January between the U.S. and Qatar, the individuals said. Despite years of rancorous debate, that deal was broadly embraced both by the Qataris and by the big U.S. airlines, making it an attractive model to replicate. The … [Read more...] about AP sources: US, Emirates near deal to solve air subsidy spat
Abu Dhabi’s Etihad drops more flights as review continues
DUBAI (Reuters) – Etihad Airways will stop flying to Edinburgh, Scotland and Perth, Australia, from October 1, the latest routes dropped by the Gulf airline, as it continues to review its business strategy. The major Middle East airline is pursuing a company-wide review and has cut several other routes already as it seeks to restore profitability. Etihad is stopping flights to Edinburgh and Perth, Australia, as part “of several adjustments that we are making to our network in 2018 in order to improve system profitability”, said an Etihad spokesman in a statement on Wednesday. State-owned Etihad launched the strategy review in 2016, the financial year when it suffered a $1.87 billion (£1.3 billion) loss that it largely blamed on aircraft impairments and investments in troubled European airlines. Few details about the review have been made public. The Gulf airline continues to fly to London, Heathrow and Manchester in the United Kingdom, and Sydney, Brisbane, and … [Read more...] about Abu Dhabi’s Etihad drops more flights as review continues