KLM said the new cuts would mean its workforce, which was 33,000 before the pandemic, would be reduced by 20% in all by 2022

While domestic passenger services resumed on May 25, international passenger services continue to remain suspended in the country

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If the deal is finalised, it will only involve a sale of part of the company's business and not impact the shareholding pattern, Jet said in a statement dated Jan. 16. It did not detail the assets held in Netherlands

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KLM had announced that it will start thrice-weekly flights on Bengaluru-Amsterdam route from October 31. It had also announced that it will increase frequencies on Mumbai-Amsterdam route from three to seven from October 28.

Packaging a deal is just one part of the tale; the sale process for Air India could fail again without a buyer having such a big appetite.

In Jet's absence, cash-strapped Air India is the only Indian carrier that operates widebody jets capable of non-stop flights to Europe and the United States.

The stock has gained after three days of consecutive fall and rose 8.94% to 319.80 intra day compared to its previous close of 293.55. At 1:13 pm, the stock was trading 8.16% or 24 points higher at 317.10 on the BSE.

This offer is also accessible the airline's partners KLM Royal Dutch Airlines and Air France.

KLM's president Pieter Elbers said that Air France-KLM wants to deepen its ties with Jet Airways to exploit an expected double-digit growth in the air travel markets of India and North America.

Jet Airways is offering discounted fares on both domestic and international flights starting today under its 9-day 'Freedom Sale' which will go on till August 15.

Catastrophe has struck Air India yet again. After all the fanfare and brouhaha around the sale of the national carrier, the civil aviation ministry couldn't find a single bidder for the airline.