Category: Civil Aviation

New Delhi: Government clarified on Thursday that plans to sell debt-laden state-run carrier Air India were still on track, hours after a junior minister told parliament the privatisation was on hold because of high oil prices and volatile exchange rates. Government failed last year in its attempt to sell a 76 per cent stake in […]

An all-electric commuter plane and a small Airbus-backed hybrid are among aircraft programmes being touted at the Paris Airshow, as the industry tries to convince a sceptical public it can deliver on a pledge to halve carbon emissions by 2050. Israeli startup Eviation has wheeled out Alice, a battery-powered nine-seater due for its maiden flight […]

New Delhi: Shares of Jet Airways bounced back after days of massive fall and rose sharply by 19 per cent on Thursday. Despite a weak opening, where the scrip hit an all-time low of Rs 27, it later pared the losses and jumped 16.16 per cent to Rs 38.45 on the BSE. On the NSE, […]

New Delhi: Shares of Jet Airways witnessed an unprecedented rally on the bourses on Thursday, bouncing back sharply after days of massive fall to close the day over 122 per cent higher. After a highly volatile trading day, the scrip skyrocketed 93.35 per cent to close at Rs 64 on the BSE, helped by robust […]

Mumbai: The National Company Law Tribunal (NCLT) on Thursday admitted lenders move for bankruptcy proceedings for Jet Airways. The NCLT has directed the Interim Resolution Professional (IRP) to take control of all Jet assets and try to resolve the matter within a period of three months as the matter is of national importance. It further […]

New Delhi: Shares of Jet Airways further plummeted 18.5 per cent on Wednesday after the consortium of bankers took the grounded airline to the NCLT. The scrip tanked 18.17 per cent to close at Rs 33.10 on the BSE. During the day, it dropped 28.18 per cent to hit an all-time low of Rs 29.05.

New Delhi: Jet Airways stock tumbled nearly 15 per cent on Tuesday after State Bank of India-led consortium of lenders decided to send the grounded airline to the National Company Law Tribunal. The scrip fell for the 12th consecutive day and plunged 14.93 per cent to a multi-year low of Rs 58.10 on the BSE. […]

New Delhi: A day after bankers said they plan to begin insolvency proceedings against Jet Airways, its shares plummeted to a record low on Tuesday. The airline’s market value halved in a single day after yesterday’s decision. Jet Airways shares plunged as much as 53.72 per cent to an intraday low of Rs 31.65 on […]

Mumbai: A consortium of banks led by the State Bank of India (SBI) has referred the debt-laden Jet Airways to the National Company Law Tribunal (NCLT) for bankruptcy proceedings after negotiations with Etihad Airways and Hinduja Group did not fructify. A petition has already been filed with the NCLT’s Mumbai bench, a source told FC.

Mumbai: Jet Airways’ creditors said on Monday they plan to begin insolvency proceedings against the Indian airline in a last-ditch bid to find a buyer for the carrier or its remaining assets and recover some of what they are owed. Once India’s biggest private carrier, Jet Airways stopped flying in April after running out of […]

Mumbai: India’s biggest airline IndiGo said on Monday it had placed a USD 20 billion jet engine order from CFM International, a move that marks a shift away from Pratt & Whitney toward its French-American rival. CFM, owned by General Electric and France’s Safran, will provide the 1LEAP-1A engines to power 280 A320neo and A321neo […]

At the Uber Elevate Summit 2019 currently held in Washington DC, Uber Elevate’s head Eric Allison has confirmed that he sees India as a strong market to introduce its air taxi service. As per a report by liveMINT, Uber has singled out Melbourne as its first city outside of the US to commence its Uber […]