Manisha Singhal

Jet Airways: Lenders offer Rs 2,500 crore resolution plan

Domestic lenders of the beleaguered carrier Jet Airways, led by State Bank of India, are understood to have proposed a Rs 2,500-crore resolution plan comprising fresh equity infusion and restructuring of the current loan at a

Jet Airways,  State Bank of India, Naresh Goyal, Jet Airways,  Etihad Airways News

Jet Airways chairman Naresh Goyal to meet vendors today

Cash-strapped Jet Airways, which has defaulted on loan repayment to banks due on December 31, will be meeting its vendors and creditors including lessors, MRO partners, among others, on Tuesday in Mumbai to impress upon them

Industry News

Jet faces turbulence: Airline may ask creditors to take a haircut

It has large repayments of Rs 1,700 crore due over December 2018 to March 2019, Rs 2,445.5 crore in FY20 and Rs 2,167.9 crore in FY21.

Industry News

Aviation industry in 2018: Hit by turbulence, still the the fastest growing aviation market in the world

Stumped by the directives Indian operators, budget airlines IndiGo and GoAir were forced to ground a part of the fleet, reassess their expansion on this aircraft type, pay more for maintenance and still grappling with an unre

Industry News

IndiGo CEO-designate Gregory Taylor may be on his way out

Gregory Taylor was appointed senior adviser reporting to co-founder Rahul Bhatia directly in April this year after the much-hyped and surprise exit of IndiGo president Aditya Ghosh

Industry News

India bound: App-based US copter rides firm to launch India service

Though Blade maintains that it will be cheaper than what the existing operators are selling in the market.

Industry News

Etihad zeroes in on Indian partner to dilute Naresh Goyal control in Jet Airways; looks to raise stake

Abu Dhabi-based Etihad Airways, which has a 24% equity stake in cash-strapped Jet Airways, is looking to raise its stake to up to 49%, the maximum a foreign airline can hold as per the foreign direct investment rules for the

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Jet Airways faces hard bargain as aircraft leases come up for renewal

With payments due on November 24, cash-strapped Jet Airways will have to bargain hard with lessors as it renew leases for narrow-bodied aircraft.

Industry News

Vistara narrows losses to Rs 431 crore in FY18

The Tata-SIA-run full service airline Vistara posted a net loss of Rs 431 crore on revenues of Rs 2,137.4 crore during FY18, according to a regulatory filing with the Registrar of Companies by the unlisted entity.

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On the table

The board of Tata Sons is likely to meet Friday to discuss a proposal to take over Jet Airways.

Industry News

Jet, set, go? Tata Sons board to discuss Jet Airways takeover Friday

The board of Tata Sons is likely to meet on Friday to discuss a proposal to take over the Naresh Goyal-controlled Jet Airways which is looking for investors to tide over liquidity crunch that it has been saddled with, sources

Industry News

GoAir for sale! Wadias looking to offload stake in airline business

The Wadia Group, which owns budget carrier GoAir, is looking for buyers for its 13-year-old airline.

Airlines/Aviation News

GoAir loses seven top executives in three months as two more senior executives quit

In last three months, 7 top executives left the airline.

Industry News

Delta Air Lines evinces interest in JetAirways, may buy Goyal, Etihad stakes

Even as the Tata group is believed to have intensified negotiations for a possible purchase of a stake in troubled airline Jet Airways, the carrier may find a white knight in Delta Air Lines, three people familiar with the de

jet airways News

Jet Airways may look to resize pilots’ team soon, to return 23 Boeing 737 narrow body aircrafts

Troubled carrier Jet Airways may look to resize its team of pilots soon — a large chunk of whom currently fly ATRs—with a smaller number of pilots, sources close to the development told FE. 

Industry News

GoAir’s plan to sub-lease aircraft suffers setback, talks with Bamboo Airways fall through

The airline was in discussion with the Vietnamese carrier, which has delayed its October launch, for sub-leasing nine of its A320ceo aircraft type.

Airlines/Aviation News

Air pocket! Jet Airways mulls grounding 23 Boeing 737s to cut losses

In its fleet of 124 aircraft, Jet has 82 different variants of Boeing 737s including Boeing 737-700, 737-800, 737-900 and 737-900ER and this narrow body aircraft is its workhorse for domestic operations.

Industry News

Jet Airways grounds two aircraft on fund crunch

While the Boeing 777-300ER has been grounded for the last 10 days, the A330 has not flown for the past one week, sources said. “The aircraft are also being cannibalised,” a source added. Jet has 10 Boeing 777-300ERs and f

Industry News

Jet Airways defers wet lease of its ATRs to TruJet

The postponement of this wet lease to TruJet will definitely be a setback for the regional carrier as it was banking on these aircraft from Jet Airways to expand and get a foothold in the regional market.

Industry News

Cannot pay nor commit to a date of payment for September salaries: Jet Management

The airline currently facing its worst liquidity crisis did not pay its pilots and the aircraft maintenance engineers (AMEs) salaries for the month of August, the highest human resource in any airline along with the senior ma

Industry News

Alibaug to be Mumbai’s Hampton? Huge infrastructure projects lined up that will change it a lot

With better connectivity soon, real estate players have big plans for area

India News

Etihad pumps $35 million into beleaguered Jet Air

Etihad had bought the 24% stake in Jet Airways for Rs 2,060 crore in May 2013 and later it also invested in JP Miles programme as it bought a majority stake into the business.

Industry News

Another top-level exec quits GoAir

In a recent spate of resignations the other two top executives who quit GoAir include Saurabh Grover, GoAir's VP marketing and its finance head Silveria Dsousa.

Industry News

Expect airfares to go up by as costs up for airlines by 20% : CRISIL

With the onset of third quarter from October which is seasonally a strong quarter for air traffic in India airlines might look at a moderate hike in fares of about 3% says a report by ratings, research and advisory firm CRISI

Industry News

Etihad offers Jet Airways an interim relief of $35 million

Jet has been trying to monetise its flying miles programme and has held certain rounds of discussions with private equity players like TPG.

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Expect airfares to go up by 3% as costs up 20%: Crisil report

With the onset of third quarter from October which is seasonally a strong quarter for air traffic, airlines might look at a moderate hike in fares of about 3%, says a report by ratings, research and advisory firm Crisil.

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GoAir attrition woes: Two top-level executives quit

The Wadia Group-promoted GoAir continues to face frequent resignations of its top level executives.

GoAir, GoAir woes, GoAir executives, GoAir executives quit, Silveria D’souza, Saurabh Grover, IndiGo, industry news
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