In a clear indication that lenders are set to get a larger say in the running of debt-laden Jet Airways, the airline on Monday said it would seek shareholders’ approval to convert existing debt into equity.
Category: Civil Aviation
Boeing sees a UDAN lift, but seeks higher fares for breakeven
Aircraft maker Boeing expects the UDAN scheme to be beneficial for the company, but is concerned about the slowdown in the growth of Indian airlines.
No reference received on relaxing rules in Jet Airways matter, says SEBI
Markets watchdog SEBI on Thursday said it has not received any reference on relaxation in rules regarding Jet Airways. The regulator’s statement comes amid reports that relaxations have been sought by Gulf carrier Etihad for infusing additional funds into crisis-hit Jet Airways, which is listed on the exchanges.
Japan Airlines announces non-stop Tokyo-Narita and Bengaluru flight service
Japan Airlines (JAL) on Wednesday announced that it will launch a new non-stop service between Tokyo-Narita and Bengaluru India, during the summer of 2020.
IndiGo to start direct flights to Istanbul from March 20
No-frills airline IndiGo will start daily direct flights from the national capital to Istanbul from March 20.
Under UDAN-III, 13 airports to get air connectivity for first time
Thirteen airports that get no flights currently will see regular services starting soon. These include Kalaburagi, Amravati, Car Nicobar and Kalaikunda. This follows the Ministry of Civil Aviation announcing the results of the third round of the regional air connectivity scheme (UDAN) which saw the entry of two new operators, including Andaman Airways, the inclusion […]
Time for Indian airlines to become global: SpiceJet Chief
SpiceJet chief Ajay Singh said it’s high time for India to become a major global hub for connecting flights and its airlines to be leading international players.
Air India mulls entering leisure travel space with packaged holidays
Debt-ridden national carrier Air India is planning to enter the holiday packages business to enhance its share in the fast-growing leisure travel segment. The airline has floated global bids for selecting a service provider for this purpose.
How a merger with Air India can help the debt-ridden Jet Airways
To have one airline limping forward on the brink of bankruptcy may be regarded as a misfortune. To have two looks like carelessness.
IndiGo profit nosedives 75% to ₹191 crore in Dec quarter
IndiGo has reported a 75 per cent fall in profit after tax at ₹190.9 crore for the quarter ended December 2018 as compared to a profit of ₹762 crore in the same quarter the previous year.
IndiGo profit nosedives 75% to Rs. 191 crore in Dec quarter
IndiGo has reported a 75 per cent fall in profit after tax at Rs. 190.9 crore for the quarter ended December 2018 as compared to a profit of Rs. 762 crore in the same quarter the previous year.