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
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
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
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
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.
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
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
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.
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
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.
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
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
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.