Curtains down for Jet Airways, resumption of services now depends on resolution process
Confirming the receipt of information about Jet stopping all operations, the civil aviation ministry said in a series of tweets that the bank-led resolution process is still underway and expected to end by May 10.
Crash landing: Jet Airways lenders unwilling to commit fresh funds, airline headed for shutdown
Jet CEO Vinay Dube had indicated to the lenders — led by State Bank of India — it would be impossible to continue to operate the airline in the absence of some emergency funding of around Rs 400 crore. However, till the t
Jet Airways crisis: Airline fails to raise funds, extends cancellation of international ops
The full-service carrier operated just 6-7 planes of its fleet of 119 aircraft on Monday. Civil aviation rules in India require an airline to operate a minimum of five aircraft to keep its operating permit valid.
Jet Airways sale: Eight suitors line up for cash-strapped airline — read details
Apart from Etihad, TPG and Indigo Partners put in bids; international operations suspended till April 15.
Jet Airways crisis: More groundings as bank funds not in yet
The airline is left with only 15 aircraft on domestic routes; its eligibility to fly international will be examined.
Airline foray? Adani Group may bid for Jet Airways
The Adanis had looked at investing in budget carrier SpiceJet about five years back, when the then promoter, Kalanithi Maran, was scouting for a buyer as the Marans wanted to exit the business.
Jet Airways crisis: Etihad plans to exit nosediving airline
Gulf carrier’s board, which met in Abu Dhabi earlier this month, has not given a go-ahead for the bank-led provisional resolution plan
Jet Airways crisis: Resolution process will take a little more time
Naresh Goyal, chairman and promoter of Jet Airways, in a letter to his employees on Monday said that the situation at the carrier, though complex, has his personal attention and a resolution process will take a further short
Flight tickets to get costlier with 20% fleet of IndiGo, Jet Airways, Spicejet off skies
With 114 planes out of a fleet of 585 grounded, spot fares to rise by up to 25% in the short term.
Naresh Goyal’s distress call for Rs 750 crore help for Jet Airways put on hold by Etihad
Etihad board is believed to be in two minds on extending an interim funding of Rs 750 crore to Jet Airways, ahead of regulatory approvals to the bank-led resolution plan from the civil aviation ministry, Securities and Exchan
Jet Airways crisis: Prepared to make any sacrifice, Naresh Goyal tells staff
In a signing off that said a lot which Goyal did not spell out, as he did not say that fresh detailed update (on he airline’s future) will be coming from him but through Jet’s management team.
Jet Airways crisis: Etihad not to infuse funds till resolution approval
While Etihad did not agree to most of the points put forward by the lenders, sources said Goyal was agreeable on most the points.
Etihad Airways abstains from voting at Jet Airways’s EGM on Feb 21
Etihad may not have voted as it has still not got the approval of its board for the resolutions
Jet Airways crisis: Pilots threaten to ground beleaguered airline
Jet Airways, which has a secondary hub at Delhi, operates about 100 domestic and 40 international flights from Delhi airport, and if majority of pilots decide not to fly, there is a possibility of major disruption of flight s
IndiGo crisis: Is the airline victim of its own success?
IndiGo, which recently cancelled several flights and said its schedules would be disrupted till March, seems to have expanded at a fast pace but failed to hire pilots at a similar rate, leading to a crew shortage that has res
Flying high! AirAsia India hopes to start international operations in 2019
AirAsia India, which started operations in 2014, will complete five years in June 2019. It currently has 20 aircraft and flies on 19 domestic routes.
Indigo flight cancellations: ‘Mismatch’ in pilot arrival led to crisis, says airline COO
The airline said that it would deploy around 50% of the capacity added to go on international routes.
Vistara says impact from international flight approval delays manageable
Vistara will complete five years of operations next year but it has applied permission under the 0/20 rule that would have permitted it to go international before five years.
Indigo looks to start China operations by end of 2019
IndiGo sees a lot of room for growth as it just has 6% of its capacity deployed on the international routes.
Hope floats: Jet Airways lenders may have agreed to convert Rs 4,000 cr debt
In a media interaction on Jet’s debt restructuring, SBI chairman Rajnish Kumar had said, “The outline is ready but implementation depends on government and regulatory approvals.”
Jet Airways may turn to Adani Group for investment
Jet Airways promoter-chairman Naresh Goyal is understood to have approached the Adani Group with a proposal to invest in his ailing airline, which is in dire need of funds. As is known, Jet was earlier in talks with Tata Grou
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 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
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.
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
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
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.
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- Aarogya Setu app: Govt says NIC in collaboration with volunteers from industry, academia developed application
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- ISRO to launch Indian earth observation satellite EOS-01, nine international customer spacecraft on November 7
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- Ride-sharing recovery for Uber, Rapido, others hinge on bikes, autos; cab-booking sees least comeback
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- Air India Express records highest-ever annual profit at Rs 413 crore
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