Category: Civil Aviation

Shares of Jet Airways have fallen over 24 per cent in one month since the cash-starved airline suspended operations. Jet Airways stopped flying on April 17 after it ran out of cash. In one month, shares of the company tumbled 24.28 per cent to ₹ 124.10 on the BSE Friday from ₹163.90 on April 18. […]

A group of two employee unions along with a few top officials of Jet Airways have said that they were in discussions with investors to secure funding of $700 million. In a letter to SBI Caps, the employees group has sought clarity on how much equity they could get for the said amount. The employees […]

Mumbai, May 17AdiGro Group , one of the unsolicited bidders vying for a stake in Jet Airways, has offered to restart the airline’s operations by July 1, with eight to nine thousand employees and 70 aircraft. Sanjay Viswanathan, Founder and Chairman of AdiGroup, the parent company of AdiGro Aviation, said that he was keen to […]

In an attempt to put a stop to speculations over a legal scuffle between the two promoters of IndiGo airlines, Ronojoy Dutta, CEO, IndiGo in a press statement on Saturday said that there was no dispute on the shareholders agreement or any disagreement over the company’s international expansion plans. There has been some speculation that […]

The world’s first all-electric vertical take-off and landing passenger jet has been unveiled after completing its first flight. German startup Lilium aims to have a fleet of the five-seat aircraft — which can operate with a pilot or in drone mode — flying in cities worldwide by 2025, providing a pay-per-ride service that will be […]

CEO Ronojoy Dutta wrote the email to employees after there were various media reports alleging disagreements between the airline’s two promoters — Rahul Bhatia and Rakesh Gangwal. The growth strategy of IndiGo remains unchanged and the airline’s management has full backing of the company’s board of directors to implement it, said Ronojoy Dutta, CEO, InterGlobe […]

The rift between the promoters of IndiGo could snowball into a legal spat with strong disagreements emerging on the way forward for the airline. According to experts familiar with corporate disputes, the case could end up at the National Company Law Tribunal (NCLT) if the dispute is about the shareholders’ agreement or related to corporate […]

Lenders of Jet Airways are examining past allegations of fraud against the founder of Darwin Platform Group Company, which has offered to infuse Rs. 14,000 crore in the airline. At least four cases had reportedly been registered against Ajay Harinath Singh, the founder of Darwin, which claims to have a net worth of Rs. 24,000 […]

Shares of InterGlobe Aviation Limited dropped nearly 9 per cent on Thursday amid reports of rift between promoters of IndiGo. The scrip tumbled 8.82 per cent to close at Rs 1,466.60 on the BSE. During the day, it tanked 9.82 per cent to Rs 1,450.50. At the NSE, shares plummeted 8.40 per cent to close […]

With the top management of Jet Airways resigning en masse, State Bank of India, the lead lender to the airline, may seek to appoint a court-appointed receiver to manage the affairs of the debt-ridden company. “As bankers do not have the capability to run the airline, there has been a request to appoint a receiver. […]

Jet Airways shares fell as much as seven per cent after key management exits on Tuesday, while shares of rivals SpiceJet rose as much as 10 per cent and IndiGo owner Interglobe Aviation up four per cent. The debt-ridden Jet’s troubles present opportunities to rivals, who are rushing to fill supply gaps. Jet’s market share […]

Shares of Jet Airways Limited fell as much as 6.05 per cent on Wednesday, a day after its chief executive and two other senior executives stepped down, raising serious doubts over the revival of the debt-laden airline. Chief Executive Officer (CEO) Vinay Dube, head of finance Amit Agarwal and head of human resources Rahul Taneja […]