SpiceJet joins global airlines’ grouping IATA

Low cost carrier SpiceJet on Tuesday said it has become a member of global airlines’ grouping IATA. SpiceJet is the first Indian budget carrier to join the International Air Transport Association (IATA), which has over 290 airlines as members. “The IATA membership is also significant on account of SpiceJet’s plans to rapidly expand its international […]

Etihad wants to exit Jet for Rs 400 crore at a discount

Etihad has asked SBI and other lenders of bankrupt Jet Airways to buy its 24% stake for approximately Rs 400 crore or Rs 150/share, ET Now learns exclusively from sources. This is a considerable discount to the current market price, and demonstrates Etihad’s keenness to exit the beleaguered airline. By seeking Rs 150/share for an […]