Category: Civil Aviation

New Delhi: Lenders, led by the SBI, are trying to revive debt-laden Jet Airways by change in management as they feel collapse of the airline will not be good for consumers and competition, a source said after the SBI chief met Finance Minister Arun Jaitley on Wednesday. With Jet flying just about a third of […]

Mumbai: A group of Indian state-run banks want Jet Airways’ embattled founder and Chairman Naresh Goyal to reduce his stake in the carrier to 10 per cent, a news channel reported on Thursday, quoting sources. “Banks want Goyal to bring his stake down to 10 percent, below the 17 percent envisaged in the bank-led provisional […]

A group of Indian state-run banks want Jet Airways’ embattled founder and Chairman Naresh Goyal to reduce his stake in the carrier to 10 per cent, news channel CNBC-TV18 reported on Thursday, quoting sources. “Banks want Goyal to bring his stake down to 10 per cent, below the 17 percent envisaged in the bank-led provisional […]

New Delhi: 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.

New Delhi: India’s government has asked state-run banks to rescue privately held Jet Airways without pushing it into bankruptcy, as Prime Minister Narendra Modi seeks to avert thousands of job losses weeks before a general election, two people within the administration told Reuters. The finance ministry has in the past year sought regular updates from […]

New Delhi: The crisis at Jet Airways deepened on Tuesday as an increasingly worried government called for an emergency meeting, angry passengers demanded refunds and pilots threatened to go on strike over unpaid salaries. The Civil Aviation Minister, Suresh Prabhu, asked his officials to call for a meeting to discuss grounding of flights, advance bookings, […]

Boeing Co plans to release upgraded software for its 737 MAX in a week to 10 days, sources familiar with the matter said. The US planemaker has been working on a software upgrade for an anti-stall system and pilot displays on its fastest-selling jetliner in the wake of the deadly Lion Air crash in Indonesia […]

Boeing Co said on Sunday it was finalising the development of a software upgrade and a revision of pilot training for its 737 MAX, the plane that has suffered two fatal crashes in the last five months. The updates are intended to address how the aircraft’s flight control system – MCAS (Maneuvering Characteristics Augmentation System) […]

New Delhi: National carrier Air India on Friday requested its “inactive” crew members to “immediately” join work at a time when the airline has been forced to cancel and reroute a number of US and Europe-bound flights due to closure of Pakistan airspace since February 27. “I would like to assure you that there will […]

London: Etihad Airways posted a loss of $1.28 billion in 2018, extending the deficit over three years to $4.8 billion, as the Gulf carrier pushes ahead with a cost-cutting plan to stabilize the balance sheet. The Abu Dhabi company, which has abandoned an attempt to build a global network of airline investments after a string […]

Mumbai: Aviation regulator DGCA may bar beleaguered carrier Jet Airways from taking advance bookings beyond a particular period amid a drastically reduced capacity and massive flight cancellations, an official said on Thursday. As per the official, Jet Airways has been flying only 61 of the 116 planes it has in the fleet, forcing it to […]

NEW DELHI: Shares of SpiceJet slumped 8 per cent in morning trade on BSE Wednesday after the country banned Boeing 737 Max 8 planes following the Ethiopian Airlines crash. On Tuesday night, the Directorate General of Civil Aviation (DGCA) announced its decision to “immediately” ground the Boeing 737 Max 8 aircraft. The decision came days […]