Jet Airways Ltd has agreed to most conditions set by shareholder Etihad Airways for offering a lifeline to the debt-laden Indian carrier, the Business Standard newspaper said, sending Jet’s shares soaring as much as 18 percent on Friday.
Category: Civil Aviation
PM Modi likely to lay foundation stone of Jewar airport on February 25
The foundation stone of upcoming Noida international greenfield airport in Jewar is likely to be laid by Prime Minister Narendra Modi on February 25, sources said.
Arrival of Russian passenger jet fires up Venezuela’s rumour mill
The unusual arrival of a Russian passenger plane in Caracas has set social media abuzz with rumors about its mission after the Kremlin pledged to support its ally Venezuelan President Nicolas Maduro against a US-backed effort to drive him from office.
New Delhi airport to have India’s first private jet terminal by May
India’s first terminal for private jets to land and take off is expected to be ready by May, will be connected by a separate road leading to the facility, and feature sculptures evocative of the Mughal era and artificial water bodies.
SC dismisses petition against Rakesh Asthana’s appointment to aviation body
The Supreme Court has dismissed a petition against the appointment of former CBI special director Rakesh Asthana as director general of the Bureau of Civil Aviation Security (BCAS).
CAG finalising report on Rafale deal
The Comptroller and Auditor General (CAG) is finalising its report on the Rafale jet fighter deal and is likely to table it in Parliament in the budget session beginning on Thursday, said officials familiar with the matter who asked not to be identified.
Pilot had ‘emotional breakdown’ before crash that killed 51, says Nepal probe panel
The captain of a Bangladeshi aeroplane “seemed to have an emotional breakdown” before a deadly crash last March, Nepali investigators said in a final report on the Himalayan nation’s worst aviation disaster in 26 years.
In financial mess, Jet Airways cancels 15 flights, grounds 6 Boeing 737 planes
A day after its shares tumbled on the Bombay Stock Exchange (BSE) sensitive index (sensex), cash-strapped carrier, Jet Airways cancelled 15 flights on Wednesday following grounding of six Boeing 737 planes over non-payment of lease rentals. Facing debts about $1.14 billion, Jet Airways had cancelled around 20 flights a day ago when three Boeing 737 […]
Jet Airways grounds 3 more planes owing to rental payments; cancels 19 flights
Crisis-ridden Jet Airways was Tuesday forced to ground three of its Boeing 737 planes due to non-payment of lease rentals, leading to cancellation of around 20 domestic flights, according to sources.
New Delhi airport to have India’s first private jets terminal by May
India’s first terminal for private jets to land and take off is expected to be ready by May, will be connected by a separate road leading to the facility, and feature sculptures evocative of the Mughal era and artificial water bodies.
SBI set to own 15 percent of Jet Airways after debt for equity swap: Report
State Bank of India, a lender to Jet Airways, is likely to own 15 percent of the cash-strapped carrier after the airline gets consent for a debt to equity swap, TV channels reported on Tuesday citing agencies.
US-Bangla plane crash that killed 51 caused by pilot smoking in cockpit: Report
The US-Bangla airline Bombardier UBG-211 crash that occurred in March last year, took place as the pilot, who was in charge of the flight had smoked inside the cockpit despite restrictions, authorities confirmed on Sunday.