The airline has struggled to pay salaries and vendors on time and its Rs 10,963 crore fund and non fund based facilities have now been assigned 'D' rating by ICRA - the seventh rating downgrade since March 2017.
Fares to key routes such as Delhi, Bengaluru, and Hyderabad may shoot up 80 per cent
Over the past several months, the airline has struggled to pay vendors and staff salaries on time.
2018 has been a disappointing and highly volatile year for equity investors.
India imports 1.2 billion barrels of oil, and oil prices are falling, falling...
The HR challenge seems to be one of the most important issues that RBI Governor Shaktikanta Das will have to tackle.
Not only were Urjit and Rajan outsiders, they also hired laterally, bypassing the existing talent, especially in the field of economics
Jet has come under regulatory scrutiny twice this year.
A staunch defender of demonetisation, it would be interesting to see how he handles the government's increasing demand for more cash from the RBI, and letting some weak banks get out of prompt corrective action.
For willful defaulters, change in ownership accompanied by punitive action against the defaulting management is the way to go.
The airport sees 950-960 aircraft movements daily, and Saturday saw an additional 37 flights to Udaipur as celebrities, filmstars and politicians made a dash to the city for pre-wedding celebrations.
However, the reduction in ATF prices will provide some cushion to airlines engaged in a protracted price war have lost control over pricing in one the world's most price sensitive domestic markets.
The airline has closed reservation for flights to Silchar, Imphal, Aizawl, Jorhat in northeastern states from mid-February. Reservation has also been closed for flights to Madurai, Visakhapatnam, Raipur, Muscat and Sharjah.
The main reason was that CPI inflation would likely remain below 4 per cent till July.
Five years on, US company that won the auction for the aircraft is running pillar-to-post, unable to take possession as DGCA hasn't deregistered the jet
Tension between the government, specially the finance ministry, and RBI is as old as the central bank itself.
Want last year's bonus? Sell our tickets: Jet Airways tells travel agents.
Indonesia-based Lion Air Flight JT610, a three-month old 737 MAX 8, took off from capital Jakarta at 6.20 am local time on Monday and lost contact 13 minutes later when it was at an altitude of about 3,000 feet.
However, any progress on the deal depends upon Goyal giving up control of the company.
Three senior executives - Pradeep Kumar (senior vice- president, cargo), Shrimanikandan Ananthvaidyanathan (chief information officer) and Praveen Iyer (vice-president, revenue management), have quit amid worsening financial situation
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