Etihad, Hinduja in talks for Jet Airways insolvency bid

Etihad Airways has contacted the lenders to revive the non-functioning airlines, Jet Airways, weeks after the National Company Law Tribunal (NCLT) has approved the corporate insolvency resolution process (CIRP) against the Jet Airways, reported by Economic Times. While Etihad has shown interest in participating in the CIRP of Jet, lenders have asked them to look […]

Sebi seeks details from IndiGo on promoter complaints

Investigating complaints from a promoter about alleged irregularities at IndiGo, markets regulator Sebi has sought details from the airline’s listed parent firm InterGlobe Aviation by July 19. One of the promoters, Rakesh Gangwal, has sought Sebi’s intervention in addressing his grievances, InterGlobe Aviation said in a regulatory filing on Tuesday. In a statement, Gangwal said […]

737 MAX crisis:Boeing falls behind Airbus in deliveries

Airbus is on track to overtake Boeing in commercial plane deliveries for 2019 after outpacing its US rival at mid-year following the 737 MAX grounding, according to data released Tuesday. Boeing, which has halted deliveries of the top-selling plane since mid-March, reported 239 commercial plane deliveries in 2019 through the year’s midpoint, down 37 percent […]