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Kolkata: For Jet, the 5-day strenuous standoff ended on Sunday morning with over 500 “sick” pilots reporting back to work.

However, to make up for the losses and get back customers, Jet Airways is offering tickets at 50% reduced price on full economy fares for bookings made on Monday and Tuesday for travel until September 18th.

Jet’s executive director Saroj K Dutta announced to the media the end of impasse and restoration of all services. But most flights could not resume due to problems in restoring, last minute glitches and drastic drop in bookings on the domestic circuit.

Jet had taken immediate steps to restore all international flights by Sunday, Sudhir Rahgavan, chief commercial officer, said. All domestic flights are expected to resume by Tuesday.

“We generally have a revenue of Rs 40 crore (Rs 400 million) a day and since the strike, passengers numbers dropped from 23,000 a day to 14,000 and then to 7,000. You can well imagine the loss,” said Dutta.

“There has been a misunderstanding with management which has been solved. We will restore our airline’s glory,” said Captain Girish Kaushik, president of the guild.

New Delhi: Jet Airways cancelled more 260 domestic and international flights, including 32 from the national capital.

The pilots maintained that they were “hopeful” of a breakthrough as negotiations will continue today. The airlines run a total of 380 flights to domestic and international destinations.

In the mean time the strike by the pilots entered the fifth day after nine-hour long conciliation talks between them and the management ended in a deadlock.

The airlines said in a statement “A total of 235 domestic and 25 international flights remained cancelled for the fifth consecutive day today.”

Jet tried to accommodate some of its passengers in its low-cost arm JetLite by combining the flights on Mumbai- Ahmedabad, Mumbai-Vadodara, Mumbai-Kochi, Mumbai-Mangalore, Kolkata-Bangalore, Kolkata-Guwahati, Mumbai-Mangalore and Kolkata-Agartala sectors.

The airlines also merged their Chennai-Mumbai and Bangalore-Mumbai to fly on Bangalore-Chennai-Mumbai sector.

The 3 day ongoing conflict between Jet Airways with its pilots posing serious trouble for the carrier and the plan to raise $400 million to buy new aircrafts seems to be in jeopardy.

Kapil Kaul, chief executive officer of the Indian unit of Centre for Asia Pacific Aviation said, “The last thing investors want to see when the airline’s trying to raise funds is a crisis like this. This is a wildfire and they need to put out as soon as possible.”

Fall in the stock market price of nation’s second largest airlines from as much as 4.5 percent to 251 rupees, losing customers at a rapid speed, labor disputes all are adding up to Chairman Naresh Goyal’s trouble regarding the fund raising plan.

Domestic bookings for Jet came down to 14,000 a day, almost by 39% percent and international bookings saw a downfall of about 9.5 percent accounting to 9,500 a day.

Total cancellations of Jet flights seems to be at an alarming rate with 484 flights this week, including 90 flights cancelled today. The protest by the pilots seems to be continuing causing serious inconvenience to the passengers.

More than 400 pilots went on sick leave demanding the employer takes back 4 of their colleagues who were fired earlier. On Sept. 8, the airline asked a court to force the pilots to return to work.

“Jet Airways is endeavoring to make alternate arrangements on other airlines wherever possible and our airport teams will assist its guests to the fullest extent,” Jet Air said.

New Delhi: Large number of Jet Airways pilots did not show up for duty today by going on mass casual leaves in protest against two of their colleagues, who were described as “sabotage of operation” by airlines.

This resulted in cancelled flights of Jet Airways and JetLite.

The National Aviators Guild (NAG) decided not to support the strike, which led the pilots to take the alternate route of going on a mass casual leave.

As many as 10 early morning flights were cancelled and the private airlines carrier faced trouble in their operations.

The passengers who were suppose to travel by these flights were accommodated in Air India and other carriers.

India’s leading private carrier Jet Airways handed over pink slips to 110 employees on the eve of May Day, the company said Friday.

“Jet Airways undertakes additional measures to streamline costs to improve the financial health of the company under the challenging economic environment. The airline has issued notices of termination to identified employees on contract, who have superannuated,” a company spokesperson said.

“The termination is in accordance with the law and their (employees’) service conditions,” he added.

Of these employees, 50 were on contract basis, while the remaining 60 were probationary cabin-crew.

Last year, the airline had given termination notice to around 19,00 employees, but revoked the decision after the government’s intervention and workers’ protest.

Last week, Jet had cut the salaries of its employees drawing a gross monthly salary of over Rs.75,000 by up to 25 percent.

The airline faces losses as its revenue has been falling since early last year.

Leading private carrier Jet Airways has entered into a ‘code share agreement’ with Belgium’s Brussels Airlines to offer its passengers “seamless connectivity” with European cities, the company said Friday.

Currently, Brussels Airlines is 70 percent owned by Belgium-based companies and 30 percent by Virgin Express, British entrepreneur Richard Branson’s low-fare carrier.

It flies to over 50 destinations in 20 European countries, besides operating long-haul flights to eastern, central and western Africa.

The agreement would enable both airlines to leverage each other’s network strengths and also significantly boost air travel on the Indo-European sector, Jet chief executive Wolfgang Prock-Schauer said in a statement.

The Indian carrier, which earlier scrapped its Mumbai-Shanghai-San Fransisco service along with a few other international services as part of its restructuring plans, hoped its agreement with Brussels Airlines would strengthen its existing international network.

“This will also offer seamless connectivity between India and Europe by offering our passengers convenient connections between Mumbai, Delhi and Chennai in India and 12 European code-share destinations,” the statement said.

The code share destinations are Birmingham, Barcelona, Lyons, Madrid, Berlin, Paris, Manchester, Hamburg, Marseilles, Toulouse, Geneva and Vienna.

Jet flies daily to Brussels from Mumbai, Delhi and Chennai. The airline also offers daily direct services to London from Mumbai and Delhi.