The era of global marketplaces that are driven by speed, innovations, and customer centricity, have demanded that modern businesses enhance their focus on core competencies in order to survive and flourish. Typically, competency can be defined as one of the traditional functions such as production, engineering, sales, or finance, around which organizations were formed in […]
Category: Civil Aviation
Jet employees seek President’s intervention for salary dues, emergency funds
New Delhi: Employees of Jet Airways have written to President Ram Nath Kovind and Prime Minister Narendra Modi seeking their intervention to recover outstanding dues as well as to expedite the process of emergency funds for the airline, which has shuttered its operations temporarily. Cash-starved Jet Airways, which has around 23,000 employees, has delayed payment […]
SpiceJet, Emirates sign MoU for code share partnership
Mumbai: Budget carrier Spicejet on Monday announced signing of an initial pact for code share partnership with Gulf carrier Emirates. The reciprocal partnership will allow opening of new routes and destinations for passengers of the two airlines, SpiceJet said in a statement.
Nasim Zaidi quits grounded carrier Jet Airways board
Mumbai: Grounded carrier Jet Airways on Monday said its non-executive and non-independent director Nasim Zaidi has quit the board, citing personal reasons and time constraints. Zaidi, the former Chief Election Commissioner and ex- civil aviation secretary, joined the Jet Airways board in August last year.
Virgin Galactic’s first test passenger gets commercial astronaut wings
Virgin Galactic’s first test passenger received her commercial astronaut wings from the US aviation regulator on Tuesday after flying on the company’s rocket plane to evaluate the customer experience in February. Virgin Galactic’s chief astronaut instructor, Beth Moses, who is a former NASA engineer, became the first woman to fly to space on a commercial […]
Alphabet launches its first commercial drone delivery service in Australia
Australia is getting a taste of commercial drone delivery service by Google’s parent company, Alphabet. The company announced the launch of its first commercial drone service through its Wing subsidiary. According to Fast Company, the service will be available to order food, coffee, and over-the-counter medicines using a connected smartphone app. Once a user places […]
Boeing shareholders sue over 737 MAX crashes, disclosures
Boeing Co’s legal troubles grew on Tuesday as a new lawsuit accused the company of defrauding shareholders by concealing safety deficiencies in its 737 MAX planes before two fatal crashes led to their worldwide grounding. The proposed class action filed in Chicago federal court seeks damages for alleged securities fraud violations, after Boeing’s market value […]
Lenders offer 75 per cent stake in Jet Airways
Mumbai: Lenders of Jet Airways have invited initial bids to buy as much as 75 per cent of the cash-strapped airline. The potential bidder should have a net worth of at least Rs 1,000 crore ($144 million) in the preceding financial year, or at least three years of experience in the airline business. Bids should […]
Ethiopia to issue first Boeing investigation report today
Investigators will release on Thursday a keenly awaited report on the deadly crash of an Ethiopian Airlines jet, Ethiopia’s Transport Ministry said, giving the first official clues to the second crash of a new Boeing 737 MAX in five months. Some 35 nationalities were among the 157 passengers and crew who died when the nearly […]
Boeing’s new 737 MAX flight control system ‘seems foolproof’
Boeing’s new MCAS flight control system for its 737 MAX aircraft appears foolproof, Norwegian Air Chief Executive Bjoern Kjos said on Wednesday after visiting the plane maker in Seattle. Kjos, a former fighter pilot, said in a series of tweets he had tested the old system versus the new one in a MAX simulator.
Jet Airways shares trade marginally lower in morning session
New Delhi: Recouping early losses, shares of Jet Airways were trading marginally lower on Friday morning as lenders prepare to invite bids for stake sale in the ailing airline. The scrip was down at Rs 259.15 after opening at Rs 264 on the BSE. Similar trend was witnessed on the NSE where the company’s share […]
Jet Airways shares fall as it grounds more planes over unpaid lessor dues
New Delhi: Jet Airways shares fell as much as 4 per cent in early trade on Wednesday after it said the previous day it has grounded 15 more planes due to non-payment of dues to its lessors. The latest groundings mean more than two-thirds of its total fleet of about 120 planes is not flying.