| Jet Airways and Kingfisher Airlines, the other private | | | | forced to keep their fares very low to check |
| full-service carrier in the country, badly require an | | | | travellers from moving to low-cost carriers. In the |
| equity infusion to remain afloat, said an aviation | | | | process, they are piling up losses, while budget |
| analyst requesting anonymity. | | | | carriers such as IndiGo and SpiceJet are making |
| Jet Airways is yet to decide on the fund-raising | | | | money. Jet Airways suffered a net loss of Rs 225 |
| instrument. As reported, the company has sought | | | | crore for the quarter ended June 30, 2009, on a total |
| the government’s permission to sell shares to | | | | income of Rs 2,428 crore. It posted highest-ever loss |
| overseas investors as it may be hard to raise 400 | | | | of Rs 961 crore in the year ended March 31, 2009. |
| million Dollars from domestic investors alone. | | | | Jet Airways will launch its second daily flight to Hong |
| Any share sale will result in dilution of shareholding of | | | | Kong from India on September 30, with daily services |
| the promoters who hold 80 percent in the company. | | | | on the Delhi-Hong Kong sector. |
| The Jet Airways stock slipped 0.35 percent to close | | | | Jet Airways has rescheduled its Delhi-Patna-Delhi flight |
| at Rs 311 on BSE. | | | | with effect from October 1. The flight would now |
| The domestic aviation industry has been badly hit by | | | | take off from Delhi at 6.40 pm and reach Patna at |
| surging crude oil prices last calendar year, which | | | | 8.15 pm. |
| touched a high of 147 Dollars per barrel in September | | | | On its return journey from Patna, the flight would |
| last year. With economic slowdown making people go | | | | leave at 8.50 pm and reach Delhi at 10.15 pm, airlines |
| for cheaper options, full-service airlines have been | | | | sources said. At present the flight leaves Patna at 9. |