Biz Barometer

1 week, 3 days ago

Search at Jeju Air plane crash site comes to an end week after tragic accident that killed 179 people

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South Korea Air Crash South South Korean Jeju Muan

2 weeks, 3 days ago

S. Korea to inspect all Boeing 737-800 planes following passenger jet crash

China Daily

Firefighters and rescue personnel work near the wreckage of a Jeju Air Boeing 737-800 series aircraft after the plane crashed and burst into flames at Muan International Airport in South Jeolla Province, some 288 kilometres southwest of Seoul on December 29, 2024. SEOUL -- South Korea's transport ministry said on Monday that it will inspect all Boeing 737-800 planes in …

Air Boeing Seoul Jeju Air

2 months, 1 week 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 …

Shareholders Naresh Goyal Airways Jet Jet Airways Court Liquidation

2 months, 1 week ago

Mint Quick Edit | Jet Airways’ failed take-off: An IBC let-down

Live Mint

Revival hopes for Jet Airways received a mortal blow on Thursday as the Supreme Court ordered its liquidation. Since the non-operational airline’s acquisition bid-winner Jalan Kalrock Consortium had failed to infuse ₹350 crore as an initial tranche and meet other obligations under a resolution plan, the apex court said it was left with “no choice but to send Jet Airways …

Jet Airways

5 months, 2 weeks ago

JetBlue posts a surprise Q2 profit and will delay new planes to cut costs and rebuild the business

Associated Press

NEW YORK — JetBlue Airways reported a $25 million profit for the second quarter, and executives on Tuesday described a strategy of cutting costs to rebuild the business, sending the company’s shares sharply higher. The small profit was down 82% from a year ago, but it was a surprise to analysts who expected the New York-based airline to post a …

Profit Cut Jetblue

2 years, 1 month 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, …

India Banks Airways Fritsch Jet Jalan Jet Airways

2 years, 1 month 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 …

Pay Airline Jet Jet Airways Temporary Leave

2 years, 6 months ago

SpiceJet | Turbulence in the airline

The Hindu

July 07, 2022 10:47 pm | Updated July 28, 2022 11:35 am IST The story so far: The Directorate General of Civil Aviation on Wednesday served a show-cause notice on SpiceJet following at least eight mid-air incidents and an accident since May. In its notice, the aviation safety regulator has blamed these occurrences on "poor internal safety oversight" as well …

Safety Failure Financial Aircraft Incidents Airline Spicejet

2 years, 8 months ago

JetBlue sees return to profitability delayed by flight woes

Associated Press

DALLAS — JetBlue Airways said Tuesday that it lost $255 million in the first quarter, and widespread flight cancellations in April plus the need to hire and train more pilots will delay the company’s return to profitability. Like other airlines that have reported financial results this month, JetBlue said demand for tickets is strong and fares are rising — the …

Hayes Pilot Jetblue Profitability Delayed

2 years, 9 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 …

Kapoor Flyers Airways Jet Jet Airways Jalan Kalrock Consortium Ceo Sanjiv Kapoor

3 years ago

Jet Airways 2.0 faces turbulence before take-off?

Business Standard

Waiting in the wings since April 2019 -- when it was grounded due to a financial crisis -- Jet Airways has been looking to hit the skies for long now. The new owners, British firm Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan, have time and again asserted that Jet Airways 2.0 will take off in the beginning of this …

Airways Jet Jet Airways

3 years, 5 months ago

Akasa Air: Rakesh Jhunjhunwala to invest $35 million for low-cost airline in India

Hindustan Times

Investor and billionaire Rakesh Jhunjhunwala is considering investing $35 million to launch 70 aircraft within the next four years, as a part of his ultra-low-cost airline Akasa Air, Jhunjhunwala told Bloomberg on Wednesday. Rakesh Jhunjhunwala is foraying into an industry that has suffered significant losses due to the ongoing coronavirus pandemic. Akasa Air is expected to get a no-objection certificate …

Air Airline Jhunjhunwala Rakesh Jhunjhunwala Coronavirus Pandemic India Invest

3 years, 6 months ago

Why Jet Airlines' revival is caught in a 'slot-fixing' air pocket

India Today

With the National Company Law Tribunal approving a resolution plan for Jet Airways submitted by the Murari Lal Jalan-Kalrock Capital consortium, there is a real possibility of the airline flying once again. Prime slots are crucial for an airline’s business, but most of the slots Jet Airways was allocated earlier were reallocated to other airlines after the former went through …

Airport Airlines Air Airline Nclt Airways Slots

3 years, 6 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 …

Mumbai Airport Airline Nclt Airways Slots Jet

3 years, 6 months ago

Kalrock-Jalan cleared to restart Jet

The Hindu

The National Company Law Tribunal, Mumbai, on Tuesday approved the resolution plan of Kalrock Capital and entrepreneur Murari Lal Jalan for the revival of Jet Airways two years after the airline shut down operations due to a cash crunch. “The Consortium maintains its stand that it wants to work alongside the Ministry of Civil Aviation, the Directorate General of Civil …

Mumbai Civil Aviation Nclt Airways Jet Jalan Jet Airways

3 years, 10 months ago

Jalan Kalrock Consortium expects to restart Jet Airways in 4-6 months after NCLT nod

Live Mint

Jalan Kalrock Consortium, the winning bidder for Jet Airways, expects to restart operations of the defunct airline in four to six months after receiving approval from the NCLT for its resolution plan. Against the backdrop of the National Company Law Tribunal likely to take a final call on the resolution plan for the airline, the winning consortium's lead member Murari …

Business Plan Airline Nclt Pti Ranchi Airways

3 years, 11 months ago

Stocks to Watch: Titan, Tech Mahindra, Wipro, Future Retail, Jet Airways

Live Mint

Here’s a list of top 10 stocks that could be in focus on Tuesday: Titan: CaratLane Trading Private Limited, a subsidiary of the Titan Company Ltd has acquired 100% stake in US-based ‘StudioC Inc’ worth $150,000. Tech Mahindra, Wipro: Indian tech majors Wipro and Tech Mahindra have signed agreements with Telefónica Germany/O2 for transforming the telecommunications provider's business support systems …

Crore Ongc Wipro Tech Mahindra

4 years, 2 months ago

Jet Airways Operations Remain Tough, Uncertain Despite CoC Approval Of Revival Plan: Expert

ABP News

It seems that troubles for the ailing Jet Airways isn’t getting over soon even as the committee of creditors has approved the airline's revival plan submitted by the Kalrock Capital-Murari Lal Jalan consortium. According to news agency PTI report, Kaul has said the "terms" accepted by the Jet Airways creditors did not make sense to CAPA.The committee of creditors has …

Plan Airline Coc Jet Airways Revival Plan Murari Lal Jalan

4 years, 5 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 …

Aircraft Engines Jet Airways

4 years, 8 months ago

Boeing boss predicts Covid will cause collapse of big US airline

The Telegraph

The boss of Boeing has predicted coronavirus will put one of America's major airlines out of business as he continued to talk down the aviation sector’s near-term future. The prediction came despite America’s 10 largest airlines applying for US government support through a $25bn bailout scheme. He also made another gloomy assessment of demand for air travel over the summer: …

Air Boeing

4 years, 8 months ago

Coronavirus Outbreak: Domestic aviation industry to crash-land this fiscal with Rs 24,000-25,000 cr revenue loss, says CRISIL

Firstpost

The domestic aviation industry, which has been severely hit by the coronavirus outbreak and the subsequent lockdown, is expected to crash-land this fiscal with a massive revenue loss of Rs 24,000-25,000 crore, a Crisil report said on Thursday Mumbai: The domestic aviation industry, which has been severely hit by the coronavirus outbreak and the subsequent lockdown, is expected to crash-land …

Loss Industry Crore Crisil Coronavirus Outbreak Domestic Aviation Industry

4 years, 8 months ago

Will the aviation industry recover from the pandemic?

The Hindu

The aviation industry, like several other sectors, is facing a crisis in the wake of the COVID-19 pandemic. Jitender Bhargava: The crisis confronting the aviation industry is not only unprecedented but also that no one who is working in the industry has any clue on how to put the industry back on track. Jitender Bhargava: The question that begs an …

Travel India Aviation Pandemic Industry Airlines Indian

4 years, 10 months ago

Jet Airways revival plan: Creditors panel to meet today, may decide on extending deadline to two suitors keen on crisis-hit airline

Firstpost

The second bidder, South America-based Synergy Group, did not submit a plan for Jet Airways and the group reportedly sought clarity on slots in the domestic and international routes of the grounded airline. Even as Jet Airways’ Committee of Creditors is to meet today to decide on extending deadline to two suitors that have evinced interest in the grounded airline, …

South America Interest Plan Airline Group Submit More Time

5 years ago

Synergy, Prudent left in the fray as Hinduja refuses to board Jet Airways

Live Mint

Mumbai/ New Delhi: London-based Hinduja group pulled out of the race for Jet Airways Ltd, leaving only two contenders—South America’s Synergy Group and New Delhi-based Prudent ARC Ltd—in the fray to acquire the airline that shut operations in April last year, said two people with direct knowledge of the matter. “It’s quite impossible to resurrect Jet Airways,” said a Mumbai-based …

India Mumbai Bid Airways Jet Jet Airways Synergy

5 years ago

Boeing to halt production of 737 Max airliner in January

India Today

Boeing Co. said Monday that it will temporarily stop producing its grounded 737 Max jet starting in January as it struggles to get approval from regulators to put the plane back in the air. Through October of this year, the U.S. aerospace industry’s factory output has fallen 17% compared with the same period last year, to $106.4 billion, in part …

Boeing Production Company Approval Max Faa 737

5 years, 4 months ago

Jet Airways quarterly results delayed amid 'complexities of issues'

India TV News

With the "complexities of issues" being faced by Jet Airways, financial results for the June quarter are yet to be finalised and the process is taking time, according to a communication. The affairs of Jet Airways, which closed down its operations on April 17, are now being managed by resolution professional Ashish Chhawchharia under the insolvency law. In the communication …

Financial Results Jet Airways Chhawchharia

5 years, 5 months ago

Cash-strapped Jet Airways lenders attempt to sell bankrupt carrier again; to call bids for asset sale by 20 July

Firstpost

Last month, JetAirways’ creditors, led by State Bank of India, took the airline to the bankruptcy court after failing to agree on a revival plan New Delhi: Lenders to Jet Airways will open bids to sell the bankrupt airline on 20 July as they look to recover about 85 billion rupees of loans, two sources familiar with the matter said …

Sbi Jet Airways Sell Bankrupt

5 years, 6 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 …

Cent Airways Jet Jet Airways Jet Airways Shares

5 years, 6 months ago

Jet Airways crisis: Pilots, engineers unions, 2 Dutch vendors seek to be made parties to bankruptcy hearings

Firstpost

Jet Airways owes over Rs 3,000 crore to its 23,000 employees who have not been paid since March and some of them like engineers and pilots were getting part salaries since last December. Mumbai: The pilots and engineers unions of Jet Airways and two Dutch logistics vendors to the grounded airline on Wednesday moved the NCLT seeking them to be …

Dutch Bankruptcy Nclt Jet Jet Airways Engineers Unions

5 years, 6 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 …

Bse Shares Airways Jet Jet Airways Jet Airways Shares

5 years, 6 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 Rs Decided

5 years, 6 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 …

Airline Banks Sbi Jet Airways

5 years, 6 months ago

Jet Airways crisis: SBI-led consortium gives up revival bid, votes for bankruptcy court to recover Rs 8,000 cr dues

Firstpost

The Etihad-Hinduja consortium had reportedly shown interest in Jet Airways but not given a concrete proposal yet, forcing the lenders to take the NCLT plunge Mumbai: Harried bankers on Monday decided against an outright sale of Jet Airways to the lone bidder, instead voted to send it for bankruptcy to recover their Rs 8,000 crore dues. The decision of the …

Bankruptcy Crore Airline Nclt Goyal Airways Lenders

5 years, 6 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 …

Trading Bse Shares Nse Jet Airways 28 June Stock Exchanges

5 years, 6 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 …

Shares Jet Airways

5 years, 7 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 …

Cent Shares Jet Airways Stock Exchanges

5 years, 7 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 …

Trade Bse Shares Jet Airways 28 June Stock Exchanges Jet Airways Shares

5 years, 7 months ago

Jet Airways shares tank over 23% after bourses announce trading restrictions

India TV News

Shares of Jet Airways Thursday cracked over 23 percent after stock exchanges decided to impose restrictions on its stock trading from June 28. On the NSE, shares plummeted 23.30 percent to hit a multi-year low of Rs 84.60. Stock exchanges will impose restrictions on trading in Jet Airways shares from June 28 as part of preventive surveillance measures to curb …

Shares Jet Airways

5 years, 7 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 …

Crore Airline Bse Shares Airways Jet Jet Airways

5 years, 7 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 …

Bse Airways Jet Jet Airways Etihad Airways Hinduja Group

5 years, 7 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 …

Airline Group Airways Jet Sbi Etihad Jet Airways

5 years, 7 months ago

Jet Airways crisis: Two operational creditors drag debt-laden airline to NCLT, next hearing on 13 June

Firstpost

The tribunal issued notices to Jet Airways and banks which own the airline now and posted the matter for further hearing on 13 June when it will decide on admitting or rejecting the bankruptcy pleas. Mumbai: In a major setback to the lenders’ revival/sale plan of the grounded Jet Airways, two operational creditors — Shaman Wheels and Gaggar Enterprises — …

Airline Airways Jet Jet Airways 13 June

5 years, 7 months ago

Two operational creditors take Jet to NCLT, hearing on June 13

India TV News

In a major setback to the lenders' revival/sale plan of the grounded Jet Airways, two operational creditors--Shaman Wheels and Gaggar Enterprises-- Monday moved the NCLT seeking bankruptcy proceedings against the airline. The tribunal issued notices to Jet Airways and banks which own the airline now and posted the matter for further hearing on June 13 when it will decide on …

Airline Jet Airways

5 years, 7 months ago

Jet failure a 'wake up call'; part of blame on policymakers too: Ajay Singh

India TV News

The failure of Jet Airways should be a "wake up call" for the aviation industry and at least part of the blame should be at the doorstep of the policymakers as the cost structure is high, SpiceJet chief Ajay Singh has said. Noting that the grounding of Jet Airways was "very sad", Singh said that internal factors and high costs …

Aviation Structure Cost High Singh Sector Spicejet

5 years, 7 months ago

Jet Airways failure a 'wake up call' for aviation industry; part of blame at doorstep of policymakers: SpiceJet chief Ajay Singh

Firstpost

Low-cost carrier SpiceJet is expanding its operations and is set to take on lease 30 planes that were flown by Jet Airways Seoul: The failure of Jet Airways should be a “wake up call” for the aviation industry and at least part of the blame should be at the doorstep of the policymakers as the cost structure is high, SpiceJet …

Global Aviation Structure High Singh Sector Airways

5 years, 7 months ago

Unable to approve results: Jet

The Hindu

Jet Airways on Thursday informed the stock exchanges that it was not in a position to consider and approve audited financial results for the period ending March 31, owing to the ongoing bidding process and resignations of employees and directors. In a filing with the stock exchanges, the airline cited “ongoing bidding process undertaken by the domestic lenders for change …

Jet Airways

5 years, 7 months ago

Jet Airways’ staff has 2 days to extract key data before system blackout

Live Mint

In deepening uncertainty about its revival, grounded Jet Airways has asked its engineering staff to extract all aircraft maintenance data from systems as IBM-supported servers would not be available from June 1. The airline has written to its engineering staff that effective June 1, 2019 both Jet Airways and JetLite AMOS Production Environment will not be available for use. It …

Jet Jet Airways

5 years, 7 months ago

Jet Airways revival: Asking banks to write off Rs 8,500-cr outstanding is unfairness at its worst

Firstpost

There is no reason why the SBI-led lenders’ consortium should not prevail upon the new promoters to carry the dues as a liability in Jet Airways’ balance sheet with a moratorium period of, say 10 years. Be it Etihad Airways or the Hindujas or both teaming up and suitors before them, their common, almost reflex refrain, has been State Bank …

Banks Airways Jet Sbi Ibc Jet Airways Npa

5 years, 7 months ago

Crisis-hit Jet airways may find its saving grace this week

India Today

Crisis-hit airline Jet Airways could find its saving grace this week as Indian conglomerate Hinduja Group is expected to place a bid for the airline, backed by minority shareholder Etihad Airways and founder Naresh Goyal. The Hinduja Group has fixed a meeting with Etihad Airways on May 23, where discussions will be held in order to revive the airline which …

Airline Airways Jet Jet Airways Other Airlines Etihad Airways

5 years, 7 months ago

Savings dried up, no jobs: Jet Airways employees narrate stories of hardship

India Today

While there are many lucky ones who have been able to find jobs in the rival airlines post the Jet Airways fiasco, there are still a lot many who are struggling to get a job. He also asked if it was "so hard for the government to say a few words" for the Jet Airways employees. The Jet Airways employees …

Delhi Mumbai Employees Employee Airways Sbi Jet Airways

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