Jet Airways: How one of India’s biggest airlines imploded
5 years, 11 months ago

Jet Airways: How one of India’s biggest airlines imploded

CNN  

New Delhi CNN Business — Almost 26 years to the day after its first flight, one of India’s biggest airlines has thrown in the towel. Jet Airways announced late Wednesday that it was indefinitely suspending all flights after it ran out of cash, marking a swift downfall for an airline that dominated India’s fast-growing aviation industry for years. When India liberalized its economy in 1991 and opened up its aviation sector to private players, Goyal seized his chanceand Jet Airways began operating in May 1993. The no-frills model of the newer airlines allowed them to cut costs and drive down ticket prices, providing India’s price-conscious first-time flyers with far cheaper alternatives than Jet Airwayscould offer with its premium service. The banks say they’re still hopeful of finding a rescue buyer for 75% of the company before May 10 but the longer the wait, the less chance Jet Airways has of surviving.

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History of this topic

‘Victims of circumstance’: Air India says aircraft shortage woes to go on for 4-5 years
2 weeks, 2 days ago

‘Victims of circumstance’: Air India says aircraft shortage woes to go on for 4-5 years

Hindustan Times  

Air India CEO Campbell Wilson said that global aircraft shortage which is hampering the airline's growth will go on for four to five years more. An Air India plane This comes as supply snags hobble aircraft production at the world's top jetmakers Boeing and Airbus, news agency Reuters reported. This is because Boeing is recovering from a near two-month crippling …

Jet Airways liquidation: Why India needs a new regime to save airlines
4 months, 3 weeks ago

Jet Airways liquidation: Why India needs a new regime to save airlines

Live Mint  

Learning by doing is about the only way to master swimming, cycling or yoga, but does it apply to harnessing India’s Insolvency and Bankruptcy Code as well, particularly in the case of airlines? After Go Air, it is now Jet Airways’s turn to go into liquidation after an insolvency resolution process under IBC failed to sell the business as a …

Jet Airways' 1.43 lakh retail shareholders stare at wipeout after Supreme Court liquidation order
4 months, 3 weeks ago

Jet Airways' 1.43 lakh retail shareholders stare at wipeout after Supreme Court liquidation order

Hindustan Times  

The 1.43 lakh retail shareholders of Jet Airways are now staring at a complete wipeout of their investments after the Supreme Court ordered the troubled airline's liquidation on Thursday, November 8, rejecting the Jalan Kalrock consortium’s takeover bid. Naresh Goyal, chairman of Jet Airways According to exchange data, retail investors currently own 19.29% of Jet Airways Ltd shares. This amounts …

India is now the most populous country in the world. And it’s ready to become a tourism force
55 years, 3 months ago

India is now the most populous country in the world. And it’s ready to become a tourism force

CNN  

CNN — Having recently become the world’s most populous nation, India has sparked much speculation about whether it will continue to surpass China in other arenas. India is experiencing what Omri Morgenshtern, CEO of travel and bookings website Agoda, calls a tourism “boom,” and is currently “the biggest growing outbound destination.” While the total number of travelers coming from some …

Why airlines keep folding in India’s booming aviation market
1 year, 10 months ago

Why airlines keep folding in India’s booming aviation market

Live Mint  

Go Airlines India Ltd. this week became the latest victim in the battle of the skies over India. Go, run by cookie-to-clothing magnate Nusli Wadia’s group, is the third high-profile carrier majority owned by a billionaire that has ceased to fly in the past 11 years. Modi has committed to steer the state away from business, proving his credentials by …

Air India's expansion plans fuel tension over airline flying rights
2 years ago

Air India's expansion plans fuel tension over airline flying rights

India Today  

Tensions over plans to transform Air India into a global airline with hundreds of new jets rippled across the aviation sector on Tuesday as foreign carriers clamoured for more access to the world's fastest-growing economy. 'BIGGER SHARE' Now, the rebirth of Air India and launch of a new Saudi carrier with dozens of jet orders has shuffled the deck and …

Air India's order for 470 jets at list price of $70 billion
2 years, 1 month ago

Air India's order for 470 jets at list price of $70 billion

The Hindu  

Tata group-owned Air India's order for a record 470 aircraft from Airbus and Boeing Co will be at a list price of $70 billion, Chief Executive Campbell Wilson said on February 27, as the airline seeks opportunities to expand in long haul international. Air India had, earlier this month, announced provisional deals for 220 planes from Boeing and 250 from …

Air India reveals orders for 470 Boeing, Airbus jets
2 years, 1 month ago

Air India reveals orders for 470 Boeing, Airbus jets

Associated Press  

LONDON — Air India unveiled orders Tuesday for 470 Boeing and Airbus passenger jets as it races to tap surging demand for increasingly affordable air travel from the nation’s growing ranks of middle-class consumers. Toulouse, France-based Airbus will provide Air India 40 wide-body A350 Airbus aircraft and another 210 narrow-body A320neo planes, Tata Sons Chairman Natarajan Chandrasekaran said in the …

Air India to buy 250 Airbus planes: What we know about the 'historic' deal
2 years, 1 month ago

Air India to buy 250 Airbus planes: What we know about the 'historic' deal

Hindustan Times  

Tata Group-owned Air India has agreed to buy 250 jets from Airbus, part of a massive deal for 470 planes, underlining the surging demand for air travel fueled by the country's swelling middle class. The owner of Air India announced a deal to buy 250 Airbus jets, including A350 wide-body planes and A320neo single-aisle planes. > Air India will buy …

India’s military, civil ambitions to dominate Aero India show
2 years, 1 month ago

India’s military, civil ambitions to dominate Aero India show

Live Mint  

India is scouting for billions of dollars worth of military planes, completing jetliner deals to meet civilian demand and pressing global aircraft manufacturers to produce more locally at a major air show this week. As the country prepares to host the Aero India show in Bengaluru from Monday, its airlines are expanding, with Air India expected to announce a potentially …

Air India places monumental order for approximately 500 planes from Airbus, Boeing: Report
2 years, 1 month ago

Air India places monumental order for approximately 500 planes from Airbus, Boeing: Report

India TV News  

In an effort to rebuild itself under its new owners, Air India has signed a massive contract for roughly 500 new planes worth more than $100 billion. Reportedly, this might be the airline's single-largest purchase ever as Air India is in a process to overhaul itself under the Tata Group with a fleet that is fuel-efficient. While the airline reached …

Air India inches closer to seal half of jumbo plane order
2 years, 2 months ago

Air India inches closer to seal half of jumbo plane order

Live Mint  

Air India will on Friday seal half of an order for some 495 jets with Boeing and engine suppliers General Electric and CFM International, industry sources said, as its new owner seeks to revive the airline and compete with larger rivals. After months of closely guarded, tough negotiations, Air India is set to place an order for 190 Boeing 737 …

Tata's Air India to seal half of jumbo plane order with Boeing: Report
2 years, 2 months ago

Tata's Air India to seal half of jumbo plane order with Boeing: Report

India Today  

Air India will on Friday seal half of an order for some 495 jets with Boeing and engine suppliers General Electric and CFM International, industry sources said, as its new owner seeks to revive the airline and compete with larger rivals. After months of closely guarded, tough negotiations, Air India is set to place an order for 190 Boeing 737 …

Jet Airways revival hits new snag as banks push back on funding
2 years, 3 months ago

Jet Airways revival hits new snag as banks push back on funding

Live Mint  

Lenders to bankrupt Jet Airways India Ltd. are resisting a court-approved resolution plan, further delaying the former No. The primary dispute is about whether the new owners of Jet Airways need to pay more money into the pension funds of ex-employees, the people said, asking not to be identified because they’re not authorized to speak publicly about the matter. Banks, …

Jet Airways relaunch hits turbulence: CEO confirms salary cut, leave without pay
2 years, 4 months ago

Jet Airways relaunch hits turbulence: CEO confirms salary cut, leave without pay

Hindustan Times  

Once a celebrated airline, Indian carrier Jet Airways has hit another roadblock ahead of its relaunch, leaving many of its employees with reduced salaries and on leave without pay. ‘Team working to revive’ Clearing the air about numbers and figures circulating on the internet, Kapoor said that only a small portion of the total employees – less than 10 per …

Jet Airways takes to the skies after three years: What’s in store for the once-bankrupt airline?
2 years, 10 months ago

Jet Airways takes to the skies after three years: What’s in store for the once-bankrupt airline?

Firstpost  

Jet Airways has already hired over 200 people across major operations, including former SpiceJet and Vistara executive Sanjiv Kapoor as its CEO. The airline plans to start operations in the September quarter of this year A Jet Airways test flight took to the skies on Thursday from Hyderabad Airport for the first time after a hiatus of three years. The …

Jet Airways 2.0: From launch date to benefits for flyers, CEO Sanjiv Kapoor reveals key details
2 years, 11 months ago

Jet Airways 2.0: From launch date to benefits for flyers, CEO Sanjiv Kapoor reveals key details

India Today  

Jet Airways is gearing up to take to Indian skies by October 2022, airline Chief Executive Officer Sanjiv Kapoor said. FACILITIES FOR FLYERS Newly appointed CEO Sanjiv Kapoor said that Jet Airways will offer two-class facilities for flyers as part of the airline's plan to return with a hybrid of no-frills and premium services. Kapoor said Jet Airways has 200 …

Air India Sale: Undoing the Grief Nehru Govt Heaped on Private Enterprises and JRD Tata
3 years, 5 months ago

Air India Sale: Undoing the Grief Nehru Govt Heaped on Private Enterprises and JRD Tata

News 18  

‘And now the time has come to say goodbye. Nationalisation Promoted Crony Capitalism and Mediocrity What the Nehru government did in 1953 with the single stroke of the pen was not just limited to the nationalisation of Air India or shaking the foundations of the Indian air transport industry, it ended up weakening the overall cause of private enterprises in …

Air India returns to the Tatas; conglomerate bids Rs 18,000 crore for 100% shares
3 years, 5 months ago

Air India returns to the Tatas; conglomerate bids Rs 18,000 crore for 100% shares

Firstpost  

The Department of Investment and Public Asset Management secretary said Tatas’ bid of Rs 18,000 crore comprises taking over of Rs 15,300 crore of debt and paying the rest in cash New Delhi: Salt-to-software conglomerate Tatas have won the bid to acquire debt-laden state-run Air India offering Rs 18,000 crore for acquiring 100 percent shareholding, a senior government official said …

Jet Airways to Resume Domestic Operations in Q1 of 2022
3 years, 6 months ago

Jet Airways to Resume Domestic Operations in Q1 of 2022

The Quint  

As per London-based Jalan Kalrock Consortium, the winning bidder for Jet Airways, the airline will begin its domestic operations, as well as short-haul international flights by the first quarter of 2022, and third and fourth quarter of 2022, respectively. Murari Lal Jalan, who is the Lead Member of the Jalan Kalrock Consortium and the proposed Non-Executive Chairman of Jet Airways …

Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground
3 years, 8 months ago

Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground

The Hindu  

Billionaire Rakesh Jhunjhunwala’s plan to launch an ultra-low-cost airline, could give plane maker Boeing a chance to regain lost ground after the fall of one of its biggest customers, Jet Airways, two years ago, industry executives say. Mr. Jhunjhunwala, known as “India’s Warren Buffett” for his successful stock investments, plans to team up with former CEOs of IndiGo, the country’s …

Explained | What are the challenges Jet Airways faces before it can take off again?
3 years, 9 months ago

Explained | What are the challenges Jet Airways faces before it can take off again?

The Hindu  

The story so far: Two years after Jet Airways — at the time India’s second-largest full-service airline — halted operations in 2019 as it ran out of cash, the carrier has a real chance at getting airborne again. When Jet Airways halted operations in 2019, the government distributed its airport slots among various other Indian carriers. At the time, the …

Indian Aviation Sector Witnessed its Worst Year in 2020, Hopes for Quick Bounceback in 2021
4 years, 3 months ago

Indian Aviation Sector Witnessed its Worst Year in 2020, Hopes for Quick Bounceback in 2021

News 18  

The COVID-19 pandemic had a massive impact on the Indian aviation sector in 2020 and major airlines facing losses and challenging times laid off employees, sent them on leave without pay, or cut their salaries. The government, meanwhile, permitted special international passenger flights under Vande Bharat Mission since May and air bubble arrangements were formed with around 24 countries since …

Jet Airways Shares Jump 5% Amid Reports Claiming Bid Win by Consortium
4 years, 5 months ago

Jet Airways Shares Jump 5% Amid Reports Claiming Bid Win by Consortium

News 18  

Shares of Jet Airways on Thursday gained nearly 5 per cent amid reports that a consortium has won the bid for the company. The stock rose by 4.89 per cent to close at Rs 30.05 — which was also its upper circuit limit — on BSE. A clarification was also sought by BSE from Jet Airways regarding reports about the …

Jet Airways Pays $13 Million to Take Ownership of Six Boeing Aircraft and Engines
4 years, 8 months ago

Jet Airways Pays $13 Million to Take Ownership of Six Boeing Aircraft and Engines

News 18  

Jet Airways, which is undergoing an insolvency resolution process, has acquired ownership of six Boeing aircraft along with engines, according to a regulatory filing. As per the filing, a buyout option was exercised whereby the company made payment of USD 13,000,000 to acquire ownership of six aircraft and engines. "One of the end-uses contemplated by the NCLT order is that …

Govt discusses Air India’s sale with nine companies
5 years, 2 months ago

Govt discusses Air India’s sale with nine companies

Live Mint  

Indian officials met with as many as nine companies during roadshows to gauge interest in a stake sale in the nation’s loss-making flag carrier, people with knowledge of the matter said. Officials from the South Asian nation met executives of companies including British Airways parent IAG SA, IndiGo, India’s biggest airline that’s operated by InterGlobe Aviation Ltd., SpiceJet Ltd. as …

Air India sale: India discusses with nine companies, including IndiGo, Tata Sons and IAG
5 years, 2 months ago

Air India sale: India discusses with nine companies, including IndiGo, Tata Sons and IAG

Live Mint  

Indian officials met with as many as nine companies during roadshows to gauge interest in a stake sale in the nation’s loss-making flag carrier, people with knowledge of the matter said. Officials from the South Asian nation met executives of companies including British Airways parent IAG SA, IndiGo, India’s biggest airline that’s operated by InterGlobe Aviation Ltd., SpiceJet Ltd. as …

'Rumours of Air India's shutdown baseless, national carrier will continue to fly, says CMD Ashwani Lohani
5 years, 2 months ago

'Rumours of Air India's shutdown baseless, national carrier will continue to fly, says CMD Ashwani Lohani

Firstpost  

While Air India’s net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore. New Delhi: Air India chief Ashwani Lohani on Saturday said that “rumours” of the disinvestment-bound airline’s shutdown are “all baseless”, weeks after he told the Civil Aviation Ministry that the carrier’s financial situation was “grossly untenable” for sustaining operations. …

Deals Buzz: Government to invite bids for Air India privatization
5 years, 5 months ago

Deals Buzz: Government to invite bids for Air India privatization

Live Mint  

Mumbai: Mint brings you your dose of the top deals news, reported from newsrooms across the country Government to invite bids for Air India privatization The government will soon invite bids to sell its entire stake in Air India, after potential buyers baulked at an initial attempt to divest a partial stake in the national carrier, Mint reported citing a …

Jet Airways’ $3bn debt scares away two potential investors
5 years, 7 months ago

Jet Airways’ $3bn debt scares away two potential investors

Al Jazeera  

The Indian airline owes more than $3bn to its lenders, lessors, staff and other suppliers. Creditors’ hopes of resurrecting India’s Jet Airways and salvaging some value from the bankrupt airline were dealt a fresh blow on Monday as two potential investors said they were no longer interested in putting money into the business. Separately, the United Arab Emirates’ Etihad said …

SpiceJet posts record profit of Rs 262 cr in June quarter, Jet Airways downfall provides boost
5 years, 7 months ago

SpiceJet posts record profit of Rs 262 cr in June quarter, Jet Airways downfall provides boost

Firstpost  

Shares in SpiceJet and InterGlobe Aviation-owned IndiGo have soared 55% and 31% respectively this year, as the companies raced to fill in prime airport slots vacated by Jet Airways. Bengaluru: Indian budget airline SpiceJet on Friday posted its biggest-ever quarterly profit of Rs 261.7 crore, as it flew more passengers and raised fares in the wake of the collapse of …

Buy Jet Airways and make it Mahindra Airways? What Anand Mahindra replied
5 years, 9 months ago

Buy Jet Airways and make it Mahindra Airways? What Anand Mahindra replied

Live Mint  

New Delhi: A Twitter user gave an interesting advice to Mahindra group chairman Anand Mahindra. The user under the name of Lalit Mathpal suggested the tycoon buy the debt-ridden Jet Airways and name it Mahindra Airways. He has 7.03 million followers on Twitter The downfall of Jet Airways illustrates the challenge of making money in India's aviation sector, dominated by …

Jet Airways shares dwindle further; tank 18.5 per cent
5 years, 9 months ago

Jet Airways shares dwindle further; tank 18.5 per cent

India TV News  

Shares of Jet Airways further plummeted 18.5 per cent Wednesday after the consortium of bankers took the grounded airline to the NCLT. This is the 13th consecutive trading day fall for Jet Airways, which has tumbled 78 per cent during this period. Jet Airways, started over 25 years ago, stopped flying on April 17 after it ran out of cash …

Jet Airways shares dwindle further; tank over 29 percent
5 years, 9 months ago

Jet Airways shares dwindle further; tank over 29 percent

India TV News  

Jet Airways shares dwindle further; tank over 29 percent The scrip continued to face heavy selling pressure and tanked 28.18 per cent to an all-time low of Rs 29.05 on the BSE. Shares of Jet Airways further plummeted over 29 per cent Wednesday after the consortium of bankers took the grounded airline to the National Company Law Tribunal. The scrip …

Jet Airways shares plummet 41% to close at Rs 40.45 as troubled airline lands in NCLT
5 years, 9 months ago

Jet Airways shares plummet 41% to close at Rs 40.45 as troubled airline lands in NCLT

Firstpost  

New Delhi: Jet Airways’ shares faced massive drubbing on Tuesday and tumbled nearly 41 percent after State Bank of India-led consortium of lenders decided to send the grounded airline to the National Company Law Tribunal. This the 12th consecutive trading day fall for Jet Airways and the scrip has plunged over 73 percent during this time, wiping out Rs 1,253.5 …

Jet Airways takes another nose dive; investors abandon as shares crash 52 per cent
5 years, 9 months ago

Jet Airways takes another nose dive; investors abandon as shares crash 52 per cent

India TV News  

Jet Airways takes another nose dive; investors abandon as shares crash 52 per cent Jet Airways stocks hit an intra-day low of Rs 32.25 per share, falling by a massive 52 per cent. At 1.41 p.m, Jet's stocks were trading at Rs 38.05 per share, down Rs 30.25 or 44.29 per cent. Jet Airways shares lost over half of its …

Investors continue to dump Jet Airways shares; tank 15% after lenders decide to move airline to NCLT
5 years, 9 months ago

Investors continue to dump Jet Airways shares; tank 15% after lenders decide to move airline to NCLT

Firstpost  

New Delhi: Jet Airways stock tumbled nearly 15 percent on Tuesday after State Bank of India-led consortium of lenders decided to send the grounded airline to the National Company Law Tribunal. Harried bankers on Monday decided against an outright sale of Jet Airways to the lone bidder, and instead voted to send it for bankruptcy to recover their Rs 8,000 …

Jet Airways slips into memory as a loved brand after an inept SBI-led consortium forces carrier to crash-land onto bankruptcy court
5 years, 9 months ago

Jet Airways slips into memory as a loved brand after an inept SBI-led consortium forces carrier to crash-land onto bankruptcy court

Firstpost  

Exactly two months ago, Jet Airways took the decision to ground their flights after running out of cash. To be honest, the banks have been as clueless about their approach towards Jet Airways as the cash-strapped airline has been since the time they defaulted on the loans. So, SBI came out stating, “no problem, we will soon find a buyer …

Jet Airways shares dive 18% after stock exchanges decide to impose restrictions on trading from 28 June
5 years, 9 months ago

Jet Airways shares dive 18% after stock exchanges decide to impose restrictions on trading from 28 June

Firstpost  

The scrip of Jet Airways tanked 16.76 percent to close at Rs 68.30 on the BSE. New Delhi: Shares of Jet Airways plunged 18 percent Monday as stock exchanges last week decided to impose restrictions on its trading from 28 June. Stock exchanges will impose restrictions on trading in Jet Airways shares from 28 June as part of preventive surveillance …

Jet Airways shares continue to face massive selling pressure; tumble over 18% to hit a multi-year low of 67.05
5 years, 9 months ago

Jet Airways shares continue to face massive selling pressure; tumble over 18% to hit a multi-year low of 67.05

Firstpost  

New Delhi: Shares of Jet Airways continued the downward trend, plunging over 18 percent on Monday as stock exchanges, last week, decided to impose restrictions on its stock trading from 28 June. The scrip which has been tumbling for the 11th consecutive day further plummeted 18.28 percent to hit a multi-year low of 67.05 on the BSE. Stock exchanges will …

Jet Airways shares continue downward trend; tank 15% after stock exchanges decide to impose trading restrictions
5 years, 9 months ago

Jet Airways shares continue downward trend; tank 15% after stock exchanges decide to impose trading restrictions

Firstpost  

New Delhi: Shares of Jet Airways further plunged nearly 15 percent on Friday after stock exchanges decided to impose restrictions on its stock trading from 28 June earlier this week. Shares of Jet Airways had on Thursday also cracked nearly 18 percent. Stock exchanges will impose restrictions on trading in Jet Airways shares from 28 June as part of preventive …

Jet Airways shares continue downward trend, tank 15% after stock exchanges impose restrictions
5 years, 9 months ago

Jet Airways shares continue downward trend, tank 15% after stock exchanges impose restrictions

India TV News  

Shares of Jet Airways further plunged nearly 15 per cent on Friday after stock exchanges decided to impose restrictions on its stock trading from June 28 earlier this week. Shares of Jet Airways had on Thursday also cracked nearly 18 per cent. Stock exchanges will impose restrictions on trading in Jet Airways shares from June 28 as part of preventive …

Jet Airways shares tumble nearly 18% after bourses announce trading restrictions from 28 June
5 years, 9 months ago

Jet Airways shares tumble nearly 18% after bourses announce trading restrictions from 28 June

Firstpost  

New Delhi: Shares of Jet Airways on Thursday cracked nearly 18 percent after stock exchanges decided to impose restrictions on its stock trading from 28 June. Jet Airways shares have been falling for ninth consecutive days, tumbling 39 percent on the BSE. Stock exchanges will impose restrictions on trading in Jet Airways shares from 28 June as part of preventive …

Jet Airways shares plummet over 23% to an all-time low as stock exchanges set to impose trading restrictions
5 years, 9 months ago

Jet Airways shares plummet over 23% to an all-time low as stock exchanges set to impose trading restrictions

Firstpost  

Jet Airways shares tumbled to a fresh 52-week low of 84.80 on BSE. Its market capitalisation fell to Rs 986.03 crore with 15.61 lakh shares changing hands on BSE Shares of Jet Airways plummeted over 23 percent to an all-time low of Rs 84.80 on Thursday, a day after the National Stock Exchange of India said that shares of the …

Jet Airways shares plunge nearly 11% amid reports of Hinduja Group, Etihad Airways pulling out of recuse efforts
5 years, 9 months ago

Jet Airways shares plunge nearly 11% amid reports of Hinduja Group, Etihad Airways pulling out of recuse efforts

Firstpost  

Jet Airways’ scrip tumbled 10.58 percent to close at Rs 111.95 on the BSE. During the day, it plunged 14.41 percent to Rs 107.15 – its 52-week low New Delhi: Shares of Jet Airways Tuesday plummeted nearly 11 percent amid reports that Hinduja Group and Etihad Airways may not proceed with plans to resurrect the debt-ridden airline. According to a …

Jet Airways crisis: Hinduja Group, Etihad Airways reconsider investment; shares of airline slump as much as 14.8%
5 years, 9 months ago

Jet Airways crisis: Hinduja Group, Etihad Airways reconsider investment; shares of airline slump as much as 14.8%

Firstpost  

Promoters of Hinduja Group expressed concerns over ongoing government investigations into Jet Airways and insolvency pleas submitted by its creditors London-based Hinduja Group has reportedly decided to halt negotiations for buying a stake in now-grounded Jet Airways while Abu Dhabi-based Etihad Airways has put its plan on hold to invest further, a media report said. Promoters of Hinduja Group expressed …

Jet Airways slips to record lows after Hinduja, Etihad halt investment plans
5 years, 9 months ago

Jet Airways slips to record lows after Hinduja, Etihad halt investment plans

Live Mint  

New Delhi: Shares of debt-laden Jet Airways slipped to a record low on Tuesday after Mint reported that Hinduja Group and Etihad Airways PJSC may not proceed with plans to resurrect Jet Airways, dealing a severe blow to efforts aimed at rescuing the airline that has suspended flights for nearly two months. London-based Hinduja Group has decided to halt negotiations …

Air India could post over Rs 7,600 crore loss in 2018-19, highest so far
5 years, 9 months ago

Air India could post over Rs 7,600 crore loss in 2018-19, highest so far

India TV News  

In what could make Air India sale an uphill task for the government, the national carrier could report highest-ever loss of over Rs 7,600 crore in financial year 2018-19 on account of low fleet utilization and high fuel prices among others. In order to sweeten the deal for Air India this time, the government is likely to offer entire 100 …

SpiceJet shares jump more than 4% after airline's announcement to hire up to 2,000 staff of Jet Airways
5 years, 10 months ago

SpiceJet shares jump more than 4% after airline's announcement to hire up to 2,000 staff of Jet Airways

Firstpost  

SpiceJet has taken at least 22 planes that were earlier used by Jet Airways which temporarily shuttered its operations due to cash crunch in April. New Delhi: SpiceJet shares gained over 4 percent on Monday after the company said it plans to hire up to 2,000 staff including pilots and cabin crew of the defunct Jet Airways as the no-frills …

With Jet Airways being non-operational, opportunities narrowing in Indian aviation market: Star Alliance CEO
5 years, 10 months ago

With Jet Airways being non-operational, opportunities narrowing in Indian aviation market: Star Alliance CEO

Firstpost  

Full service carrier Jet Airways, which had a significant number of international flights, temporarily suspended operations in April after running out of cash. Seoul: India is a big aviation market and Air India provides the important domestic network for our members but opportunities in the market are narrowing with Jet Airways being non-operational, Star Alliance CEO Jeffrey Goh said on …

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