News for '-beleaguered-jet-airways'

Naresh Goyal to step down as chairman of Jet AirwaysJet chief

Naresh Goyal to step down as chairman of Jet AirwaysJet chief

Rediff.com28 Feb 2019

The move comes a day after an urgent meeting of lenders with Goyal and Etihad Airways chief executive officer Tony Douglas to resolve various issues between the two promoters as well as lenders and Etihad.

Jet Air lenders to submit EoIs on January 15

Jet Air lenders to submit EoIs on January 15

Rediff.com3 Jan 2020

Resolution professional, Ashish Chhawchharia, had informed the bankruptcy tribunal that two new investors had shown early interest for investing in Jet. One of them is a foreign investor from West Asia and the other is an Indian-entity-backed by a UK investor.

Jet gets another EoI; deadline for resolution plan extended

Jet gets another EoI; deadline for resolution plan extended

Rediff.com19 Feb 2020

A Russian fund submitted its interest to the resolution professional on February 14 and also hired a consultancy firm to help them with the bidding process.

Mounting expenses, intense competition clip IndiGo's wings

Mounting expenses, intense competition clip IndiGo's wings

Rediff.com24 Oct 2018

IndiGo's co-founder and interim CEO Rahul Bhatia said profitability was significantly impacted by costs pressure from the increases in fuel price and the depreciation of rupee as well as competitive fare environment.

'Boeing crisis won't impact Indian aviation'

'Boeing crisis won't impact Indian aviation'

Rediff.com15 Mar 2019

'Indian aviation is having a lesser number of aircraft.' 'Besides the Boeing 737 MAX, you have the A320Neos which Indigo is currently grappling with because of a lack of pilots.' 'This has led to cancellation (of flights) and therefore the prices of air tickets are on the higher side this season although generally in March ticket prices are on the lower side.'