Jet Airways Quotes

Jet airways and Biocon are market leader in their respective fields, at least when they went public. Their issues were priced highly, it was believed. They made no good for the investor who choose to invest with the company at the time of public issue.

The bankruptcy plan had three principal components: It would boost revenue, largely because a new fleet would enable it to serve more markets with newer airplanes. AA would rid itself of restrictive scope provisions in the pilot contract, so that it could operate more regional jets and engage in more codesharing, particularly with JetBlue at New York Kennedy Airport. And it would reduce labor costs through 13,000 layoffs—including 9,000 among TWU workers. Combined, the improvements were valued at $3 billion by 2017, including $1.25 billion in employee cost savings, resulting from a 20 percent reduction in costs for each work group.

And on June 10, 1990, an improperly installed left-side windscreen failed at 17,300 feet on a British Airways BAC One-Eleven, a short-range jetliner, after the plane took off from Birmingham Airport. The captain, 42-year-old Tim Lancaster, was yanked out of his seat, but his knees snagged on the controls, leaving his head and torso outside the plane. Flight attendants took turns holding onto Lancaster, who was being battered by 345-mile-per-hour winds. It took another 20 minutes for the copilot to land the jet, after which it was discovered that Lancaster was still alive but suffering from frostbite and fractures to his arms and wrists. He recovered and was back to flying planes for British Airways just five months later.

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