The airline has failed to address fliers' fears and has been opaque about the allegations of tax and financial fraud, giving rise to apprehension that Jet Airways may be headed the Kingfisher way.
Flight operations at the Mumbai airport were suspended for nearly half an hour as visibility dropped well below the required 550 meter-mark
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
A note about hijackers and a bomb found in the toilet of a Mumbai-Delhi Jet Airways flight.
The resolution plan has to be put to work this month itself. Jet has a debt of over Rs 8,000 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.
JetLite, which was acquired by Jet Airways for Rs 1,450 crore, is operating three of its seven Canadian-built Bombardier airplanes. JetLite has a total 24 aircraft, including Boeing B737s.
Earlier, PE firms such as Goldman Sachs and Indigo Partners had evinced interest in the Indian aviation market.
The first to take off will be Air Pegasus, promoted by Bengaluru-based ground-handling firm Deccor Aviation.
The pilots of India's budget carrier SpiceJet would now be trained by flight training establishment of the Dubai carrier, Emirates.
Jet's advertising and that of most other airlines has been limited to new routes or promotional fares.
The idea of owning a private jet seems to have caught the attention of China's growing number of rich people.
In one of the biggest orders in recent times, European consortium Airbus Industrie has signed a contract to supply 40 A-320 aircraft to leading Asian low-cost carrier AirAsia, which has also taken the option for another 30 of these planes.
Life of air passengers was different in the 1970s.
Given the school break, this is the peak travel season and companies catering to the 'friends and family' segment are expected to gain.
Jet Airways on Tuesday said it would commence its daily direct service on the Chennai-Singapore sector from December 7, using next generation Boeing B737-800 aircraft.
Expanding its international network, private carrier Air Sahara on Friday announced it would launch its Delhi-Singapore service on May 11 and the Chennai-Kuala Lumpur flight on June 15, with an introductory return fare of only Rs 10,000 on both secto
The development of the Rih-Tiddim road and establishment of numerous rural "haat" (flee markets) along the Mizoram-Myanmar border would also increase the trade volume, Modi said while addressing a public meeting at the Assam Rifles ground here after inaugurating the 60-MW Tuirial hydro-electric power project.
The CMD's focus on raising employee morale and cutting costs is paying off. The airline's operating losses have shrunk and earnings are looking up
Prime Minister Narendra Modi arrived in Lahore on Friday for a meeting with his Pakistani counterpart Nawaz Sharif in a surprise visit to this country -- the first visit to Pakistan by an Indian premier in more than 10 years.
SpiceJet has cut costs to turnaround the carrier in a year's time.
The decision comes hours after an A320 neo aircraft of IndiGo suffered engine failure mid-air and made an emergency landing at Ahmedabad airport.
An official of the aviation regulator DGCA had said that the pilots aborted the take off after they were informed about a 'barrier' on the runway
The AirAsia aircraft that went missing after taking off from Indonesia with 162 people on board may be at the bottom of the sea, a top Indonesian official said on Monday, as the multinational search for the Airbus continued amid fading hopes of finding any survivors.
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
Six of these aircraft are currently on lease to Etihad Airways, set to start returning to Jetair's fleet in June
Though SpiceJet is likely to resume flights, experts have a doubt on the airline's financial capabilities.
'It will be like this: If you use the window seat in the first row, next will be the aisle in the second row, to maintain social distancing.' 'So, two-thirds of the aircraft is not going to be used.'
The warning had come after SpiceJet's dues to AAI (including interest at 12 per cent) exceeded Rs 300 crore (Rs 3 billion) this month -- from Rs 230 crore (Rs 2.3 billion) early December last year.
Last week, the carrier had asked about 60 pilots who had resigned to leave after serving only half the six-month notice period.
Despite the gains from Jet's closure, in 2018 and 2019, the airline continued to make losses in many quarters for a variety of reasons, including some mistakes like taking on Jet's aircraft, which were not in great shape and had business class configuration, a gamble that did not work for SpiceJet.
On the BSE, 1,493 shares declined and 1,236 shares rose. A total of 177 shares were unchanged
Latter's market share rises to 36.1% in Dec; best on-time performance across metro airports
The future certainly looks good for Bangalore.
The Nifty PSU Bank pared losses to end flat after falling as much as 1.05%
SpiceJet, on the verge of a shutdown two years ago, is now looking at joining a burgeoning global league of low-cost long-haul airlines by providing a Rs 30,000 to-and-fro fare to western European destinations. Chairman and managing director Ajay Singh elaborates.
Some lessors have even taken the airline to court.
