A Pune-Nagpur flight of IndiGo–an Airbus A320 Neo was grounded soon after takeoff Tuesday due to “excessive engine vibrations”–sixth such incident in the past two weeks alone, an airline industry source said. The plane is powered by the already troubled Pratt & Whitney engine. This is the sixth incident of midair glitches in the P&W […]
Day: April 3, 2019
Cash-strapped Jet Airways offers its Boeing 737 pilots leave without pay
Jet Airways is offering its Boeing 737 pilots leave without pay following the grounding of over half its fleet. The operating fleet is down to 30-35 from more than 100 since last October, resulting in massive flight cancellations and stand-by duties for its pilots. Of 1,400 pilots the airline has, 200 have quit in the […]
Jet Airways grounds 15 more planes due to non-payment of rentals to lessors
Cash-crunch hit private carrier Jet Airways on Tuesday said it has grounded 15 more aircraft due to non-payment of rentals to lessors, taking the total number of grounded planes to 69. The fleet strength in the airline has, however, has come down to 20 now. Till last month, the Mumbai-headquartered airline, which is now under […]
Jet pilots write to DGCA, management; seek interest on delayed salaries
The National Aviators Guild (NAG), the domestic pilots union of the crippled Jet Airways, Tuesday demanded interest on their delayed salaries along with timely payment, saying the prevailing situation is not “ideal” for them to be in the cockpits. In two separate communications to the director-general of civil aviation BS Bhullar and Jet Airways chief […]
Bharat Road Network surges 20% after arm wins arbitration against NHAI
Bharat Road Network shares soared 20 per cent to hit the upper circuit of Rs 115.20 on the BSE after the company said its arm has won an arbitration award of Rs 322.77 crore against the National Highways Authority of India (NHAI) for a project in Odisha. The company said it had referred the matter […]
Belt and road without China? If competitors join, it may just be possible
Italy’s new role in the Belt and Road Initiative has alarmed G-7 allies fearful of China’s expanding reach. Give it time: This project is going to look a lot less Chinese as it unfolds. At the moment, the heft of the funding for President Xi Jinping’s global infrastructure project comes from policy banks, such as […]