Early arrivals of flights at congested airports may be a wish come true for passengers but has been a headache for air traffic controllers, particularly because of airlines’ practice of declaring a longer block time for a flight and arriving earlier than that. To rationalise the block timings, the Airports Authority of India (AAI) — […]
Citing a pending review plea in the Rafale case, Chief Justice of India Ranjan Gogoi conveyed that lawyers too were responsible for delay in matters coming up for hearing, in the Supreme Court on Friday. “Application is filed for modification of Rafale order and it’s given wide publicity. But it’s lying defective for more than […]
The board of struggling Jet Airways Ltd, which recently defaulted on debt repayment, has agreed to give lenders the majority stake of 50.1 per cent by converting part of its debt into equity as part of a resolution plan worked out by lenders. In a stock exchange filing, the loss-making airline said the board, as […]
Even as India’s largest airline continues to be marred with mass flight cancellations due to restructuring of its roster, the company believes that it has enough pilots and that its operations are expected to stabilise by April 1. “We have enough pilots … but certain circumstances came together — we wanted to have more buffer […]
Jet Airways Ltd has agreed to most conditions set by shareholder Etihad Airways for offering a lifeline to the debt-laden Indian carrier, the Business Standard newspaper said, sending Jet’s shares soaring as much as 18 percent on Friday. Both airlines are set to sign a memorandum of understanding (MoU) within days, which would result in […]
In an attempt to stay afloat, Jet Airways has sought shareholder approval to issue new equity and convert existing debt into equity among other things at a special general body meeting, indicating that banks are likely to convert part of the debt into equity.
Increasing competition, rising costs and a growing market have prompted India’s airlines to pursue a strategy of operating routes in which only one player in the fray runs direct flights — they account for nearly half of around 392 routes in India, latest data show.
A two-seater Indian Air Force (IAF) aircraft that developed a technical snag crash-landed in a cane field in Bagpat’s Ranchand village, around 40 km from here, on Thursday. Both the pilots, including a woman officer, were parachuted to safety and minimum damage was reported to the aircraft.
Jet Airways continued to make news for the wrong reasons after a flight with 104 people onboard made an emergency landing on Sunday at Indore airport due to an engine failure when the aircraft was at an altitude of 36,000 feet. All the passengers were safely evacuated, ANI quoted officials as saying.
The Russian Sukhoi-30 fighter aircraft, which is produced under licence in India by the public sector Hindustan Aeronautics Limited (HAL) as the Su-30 Mki is sometimes considered more expensive than the Sukhois produced in Russia, Defence Minister Nirmala Sitharaman said Sunday. She accused the opposition Congress of shedding “crocodile tears’’ over HAL losing out in […]
Despite challenges, Hindustan Aeronautics Limited (HAL) has achieved significant growth in revenue and profits, a top company official said Saturday. “We have recorded the highest ever turnover of Rs 18,28,386 lakhs in the 2017-18 financial year compared to previous year’s turnover of Rs 17,60,379 lakhs,” CMD R Madhavan said in a statement here.
While roads and highways continue to be the dominant story in the infrastructure space, infra players feel that they have not received enough support from other segments raising questions on sustainability of the growth. Vipin Sondhi, MD and CEO of JCB India told Sandeep Singh that while private investment has stayed away despite public spending, […]