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 […]
Category: Civil Aviation
Civil Aviation
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 […]
Jet Airways grounds 4 more planes for non-payment of lease rentals
Cash-strapped Jet Airways Monday said it has grounded four more planes, taking the number of aircraft that are non-operational due to non-payment of lease rentals to 41. Grappling with financial woes, the carrier has been looking at ways to raise fresh funds. “… an additional four aircraft have been grounded due to non-payment of amounts […]
DGCA calls meeting with airlines on Tuesday to discuss rising airfares
Aviation watchdog DGCA has called a meeting on Tuesday noon to discuss with airlines the upward spiral in airfares as Jet Airways continue to ground its aircraft and cancel a significant number of flights, a government official said. According to the official, after the Directorate General of Civil Aviation (DGCA) grounded all 12 of SpiceJet’s […]
What we know about the Boeing 737 MAX crash and what comes next
More than 300 Boeing 737 MAX 8 and MAX 9 passenger jets around the world have been taken out of service following two fatal crashes over the past five months in Ethiopia and Indonesia that killed almost 350 people in all. The causes of both crashes are still under investigation. One of the biggest unanswered […]
Jet Airways crisis: Flyers rage over flight cancellation, some back boycott
India’s embattled Jet Airways put photographs of smiling women employees on social media last week for Women’s Day, using the tagline “Standing tall; touching the skies” but few passengers reacted cheerfully. “‘Touching the skies’ is a good joke at a time when your flights are getting grounded,” said a respondent on Twitter, while others expressed […]
IndiGo to start Chennai-Raipur, Hyd-Gorakhpur, Kolkata-Gorakhpur flights
Budget carrier IndiGo Friday said it will start daily flights on three new routes – Chennai-Raipur, Hyderabad-Gorakhpur and Kolkata-Gorakhpur — from April. The carrier also said that April onwards, it will add more flights on the Chennai-Trivandrum, Bengaluru-Mangalore, Bengaluru-Udaipur and Bengaluru-Chennai routes. “We are very excited to add 14 new flights to our network along […]
FAA’s close ties to Boeing questioned after 2 deadly crashes killing total of 346 people
For more than six decades, the Federal Aviation Administration has relied on employees of airplane manufacturers to do government-required safety inspections as planes are being designed or assembled. But critics say the system, dubbed the “designee program,” is too cozy as company employees do work for an agency charged with keeping the skies safe while […]
Decision on providing funds to Jet Airways to be taken collectively: PNB
State-run Punjab National Bank (PNB) on Wednesday said any decision to provide emergency funds to cash-strapped Jet Airways will be taken collectively by the lenders and not on a standalone basis. The assertion comes in the backdrop of media reports that PNB had approved Rs 2,050 crore of emergency funding to Jet Airways, for which […]
Jet’s planes may be diverted to plug demand due to bans on 737 Max: Lessor
Debt-laden Jet Airways India Ltd. faces the prospect of seeing some of its leased Boeing Co. 737-800 aircraft reallocated to other carriers as a global grounding of the planemaker’s newest Max series spurs demand for other models. BOC Aviation Ltd., the company leasing some of them to Jet Airways, is seeing “quite a lot of […]
Boeing’s $600-bn orders at risk as clients rethink 737 Max purchases
Boeing Co.’s $600 billion-plus order book for its 737 Max began shaking after several big customers threatened to reconsider their purchases in the wake of the Ethiopian Airlines crash, the second deadly accident involving the plane since October. VietJet Aviation JSC, which doubled its order to about $25 billion only last month, said it will […]
Airfares soar over 100% as airlines cancel flights after 737 MAX grounding
Air passengers face the grim prospects of high air fares and fewer flight choices as several airlines cancel operations due to a number of reasons including the grounding of 737-MAX aircraft. According to industry insiders, some sectors have shown a rise of more than 100 per cent in last minute bookings. “With an unprecedented number […]