Category: Civil Aviation

The Cochin International Airport Limited (CIAL) has suffered an estimated loss of over Rs 220 crores in the floods, an official said here today. He said the CIAL management has launched rebuilding of the damaged infrastructure including 2.5 km long airport walls that collapsed after Periyar river overflowed. The runway, taxi bay, duty free shops […]

Amid Jet Airways facing turbulent times, Civil Aviation Minister Suresh Prabhu has made it clear that private airlines have to deal with issues facing them on their own and the government’s role can only be at the policy level. The minister’s comments come at a time when the airline industry is grappling with tough times […]

Jet Airways India Ltd., the carrier that deferred earnings this month pending endorsement of its books by auditors, said it’s unaware of any probe initiated by government authorities after a report said the company is under scrutiny for alleged embezzlement of funds. The Registrar of Companies, which is under the Ministry of Corporate Affairs, has […]

Private equity firm TPG Capital is considering investing in India’s Jet Airways Ltd but is not close to finalising a deal, two sources with knowledge of the matter said, a plan that could raise money for the beleaguered airline. The investment could be more than $100 million but discussions are at an early stage and […]

Commercial flight operations from the Naval airport at Kochi commenced today with the first Air India flight from Bengaluru arriving this morning. Small aircraft are being operated from the naval airport as the Kochi International Airport has shut operations till August 26 following flooding in the heavy rains. The first AI flight from Bengaluru arrived […]

After failing to find takers for Air India’s disinvestment program, the government plans to seek fresh bids in the next financial year, CNBC TV18 reported citing NewsRise. The proposed disinvestment in the national carrier failed to take off as it couldn’t receive any Expression of Interest (EoI) from potential bidders when the deadline ended on […]

Alliance Air, a subsidiary of Air India, will operate a ‘proving flight’ to Kochi’s naval base on Saturday to study the safety aspects of operating ATR-type aircraft from there, a spokesperson of the national carrier said. Air India is trying to find a way to fly in and out of Kochi where the airport has […]

Beleaguered carrier Jet Airways is in advanced stage of discussions with TruJet to sublease up to seven of its ATR planes to the regional carrier as it seeks to reduce costs and mop up additional revenues amid cash drought, according to an industry source. These planes are likely to be subleased with its complete crew, […]

The Jet Airways board will meet on August 27 to approve financial results for the June-end quarter. The airline had delayed its results earlier this month, prompting the stock exchange and market regulator Sebi to seek reasons. While sources said the airline and its auditors had differences over matters relating to qualification of accounts of […]

Beleaguered carrier Jet Airways is in advanced stage of discussions with TruJetto sublease up to seven of its ATR planes to the regional carrier as it seeks to reduce costs and mop up additional revenues amid cash drought, according to an industry source. These planes are likely to be subleased with its complete crew, maintenance […]

A day after Jet Airways delayed the announcement of June quarter results, leading bourses BSE and NSE on Friday sought specific details about the company’s board meetings and factors leading to the decision. The board of directors of Jet Airways at its meeting held on August 9 deferred the matter of consideration of the unaudited […]

India may be the world’s fastest growing aviation market but the finances of its only two long haul airlines, Air India (AI) and Jet Airways, is far from healthy. On Friday, a large section of Air India pilots represented by Indian Commercial Pilots’ Association (ICPA) asked the management if AI “even have enough money for […]