Jazeera Airways, Kuwait's low-cost airline, connecting five Indian cities to the Middle East and Europe, has launched a limited offer on Business Class regular fares, offering customers up to 23% discounts on one-way flights to Kuwait from Hyderabad, Kochi, Mumbai, and New Delhi.
Jazeera Airways, Kuwait's low-cost airline, connecting five Indian cities to the Middle East and Europe, has launched a limited offer on Business Class regular fares, offering customers up to 23% discounts on one-way flights to Kuwait from Hyderabad, Kochi, Mumbai, and New Delhi.
"Our Business Class customers benefit from an exclusive service that starts from the dedicated check-in counter to increased baggage allowances and value-added onboard offerings", said Jazeera Airways CEO, Rohit Ramachandran on the offer.
Valid until March 31, 2019, one-way Business Class fares from Mumbai to Kuwait have been discounted to Rs 23,980 (from Rs 28,460), to Rs 25,730 (from Rs 33,570) on the Hyderabad route; to Rs 22,582 (from 29,313) from Kochi and Rs 18,261 (from Rs 21,621) on Delhi route.
Read: Jet Air Board flies in rescue plant to plug Rs 8,500 cr funding gap
Meanwhile, crisis-hit Jet Airways's Board has approved the bank-led provisional resolution plan (BLPRP) in order to meet a funding gap of around Rs 8,500 crore.
The Naresh Goyal-promoted-carrier said in a regulatory filing on Thursday that BLPRP will be met by an appropriate mix of equity infusion, debt restructuring, sale/sale and lease back/refinancing of aircraft, among other things. "The BLPRP contemplates conversion of lenders' debt into 11.40 crore shares of Rs 10 each by allotment of such number of equity shares to the lenders that would result in the lenders becoming the largest shareholders in the company," the airline said.
The announcement came on the day the airline reported a consolidated net loss of Rs 732 crore for the third quarter ending December 2018 as against a net profit of Rs 186 crore during the year-ago period.
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