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 […]
Category: Civil Aviation
Issues have nothing to do with airline: IndiGo CEO
Issues between promoters have nothing to do with IndiGo and its functioning, the CEO of the airline said in a letter to staffers, a day after a spat between the promoters of the country’s largest carrier became public. “The issues between them will eventually get sorted out but I want to stress that these issues […]
Vistara announces international operations
Tata-SIA run Vistara airline on Thursday announced the launch of its international operations from next month with flight services to Singapore from New Delhi and Mumbai. Vistara will operate two daily flights to Singapore, one each from New Delhi and Mumbai, starting August 6 and August 7 respectively, the airline said in a release. The […]
Why HDFC Bank denied loans to Vijay Mallya, Nirav Modi
Noted banker Aditya Puri has advised his peers to clearly separate personal friendships from banking and cited how his bank turned down a loan request from the now-fugitive businessman Vijay Mallya. Explaining how HDFC Bank had refused loans to the ex-liquor baron Mallya, Puri said, “a banker can have a coffee with any person and […]
Kolkata: SpiceJet technician dies in freak accident
A technician of a private airline died in a freak accident at the Kolkata Airport in the early hours of Wednesday. The incident took place when the landing gear door of the plane accidentally shut on the technician killing him on the spot. So far there has not been any reaction from SpiceJet. According to […]
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 […]
Rafale in Sept: IAF has eyes on bird feeding bowls
Ahead of the arrival of the first Dassault Rafale fighter jet, which is likely in September, at the strategic Ambala airbase in Haryana, the Indian Air Force (IAF) is concerned about an emerging uncanny situation that could turn alarming. Scores of earthen and metal bowls kept atop residential houses to feed birds and pigeons food […]
Flights from Mumbai airport diverted due to heavy rain
Operations at the Mumbai airport were suspended briefly on Monday morning due to heavy rains, which also forced the aerodrome operator to divert some flights to the nearby airports, an official said. However, no flights were cancelled. “Runway operations at the Mumbai airport remained suspended for nearly 20 minutes on Monday morning due to heavy […]
Delhi HC refused Jet Airways founder to go abroad
Delhi High Court Tuesday refused to allow Jet Airways founder Naresh Goyal to go abroad and sought the response of the Centre on his plea challenging a lookout circular (LOC) issued against him. Justice Suresh Kait said no interim relief can be granted at this stage and added that he may deposit Rs 18,000 crore […]
AI moves quickly on 2nd sale bid, chairman calls unions
Acting quickly on the government’s second attempt to sell the financially-crippled national carrier Air India, its chief Ashwani Lohani has called a meeting of all the 13 unions on Monday to discuss the terms of privatisation, according to sources. The government on Friday reiterated its intent to exit Air India with finance minister Nirmala Sitharaman […]
Budget: Centre proposes to increase FDI in aviation
Finance Minister Nirmala Sitharaman on Friday proposed to increase the foreign direct investment in domestic air carriers from the existing 49%, a move that may help the government find buyers for the troubled Air India. Delivering her maiden budget speech, Nirmala also spoke about making India a hub for leasing aircraft and aviation finance, a […]