Month: November 2007

Jet Airways India will revise the fuel surcharge by Rs 150 applicable on all types of fares in both club premiere and economy class tickets on all domestic routes in India with effect from 05 November 2007. The surcharge has been necessitated in view of the escalation in aviation turbine fuel (ATF) prices.

The revised fuel surcharge of Rs 1350 which has gone up from Rs 1200 will be applicable on all tickets purchased within India. This surcharge of Rs 1350 will be collected per flight coupon on all domestic routes within India. For tickets issued outside India, a surcharge of US $ 34 will be applicable on each sector of domestic travel in India.

It is also applicable on all domestic segments, even if the domestic segment is part of an international journey. The surcharge will not be applicable on sale of tickets on or before 04 November 2007. However, the surcharge will be applicable if tickets are presented for any voluntary change on or after 05 November 2007.

Jyoti Structures has formed a joint venture company, Jyoti Structures Africa in Johannesburg, South Africa to participate in the transmission line markets of Southern Africa. This company is in partnership with a local South African person. The company is the lead partner in the JV company.

Jyoti Structures Africa have been awarded a contract for execution of approximately 650 Km of 350 KV high voltage DC transmission line from Gerus to Zambezi in Namibia by NamPower, the electricity utility of Namibia. The contract valued at approximately US $ 75 million is to be executed in 18 months.

Unity Infraprojects has announced that Kamath Hotels India have been inducted in the joint venture for operating of the hotels and the company has formed the SPV Company in which the Unity Realty and Developers. Wholly owned subsidiary of the company, Kamath Hotels (India) and BSEL Infrastructure Realty holds shares equally.

The company further informed that the wholly owned subsidiary of the company, Unity Realty & Developers, Kamath Hotels (India) and BSEL Infrastructure Realty have agreed to dilute their stakes in the said SPV from 33.33% each to 17% each with 49% stake being offered to Clear Water Capital Partners (Cyprus). The projects is a fast track project to be completed before beginning of 3rd commonwealth youth games 2008, at Shiv Chhatrapati Sports complex, Balewadi, Pune.