Mumbai: Jet Airways has grounded four planes after failing to pay lessors, the airline said, in the latest evidence of financial distress at the debt-laden carrier. The airline – India’s second-largest by market share – is buckling under the weight of debts worth $1.1 billion and is urgently seeking funds to continue flying.
Category: Civil Aviation
Jet Airways raises ₹250 crore from advance ticket sales to Jet Privilege
Cash-starved Jet Airways has mopped up ₹250 crore from advance sale of tickets to its customer loyalty programme Jet Privilege, less than five months after raising money through the same route.
Domestic carriers owed ₹2,448 crore dues to Airports Authority of India
Domestic airlines owed dues worth ₹2,448 crore to the Airports Authority of India (AAI) as on January 15, the civil aviation ministry said Thursday.
Mumbai airfares surge as runway to be closed for repairs from tomorrow
NEW DELHI: If you are flying in or out of Mumbai anytime till next month, be ready to shell out more as air fares have shot up and several flights have been cancelled due to extensive runway repair work scheduled to begin tomorrow.
Kerala to slash tax on aviation fuel to 5% for domestic airlines: Minister
THIRUVANANTHAPURAM: The Kerala government will slash the tax on aviation fuel to 5% from the current 28.75 % for domestic airlines, state Finance Minister T M Thomas Isaac said Wednesday.
Jet Airways pilots discuss airline’s current situation
Pilots of crisis-hit Jet Airways this week discussed the current situation and are likely to take a final call next month in case the airline fails to adhere to the timeline set for partial payment of salaries.
Jet Airways alters penalty framework for cancellation of tickets and other changes
NEW DELHI: Jet Airways on Wednesday stated that a new framework would be implemented from 7 February onward under which if any changes or cancellations are made seven days prior to flight departure, the domestic passenger would attract a smaller penalty compared to the rate after this period.
SpiceJet announces four-day mega sale on select routes
NEW DELHI: SpiceJet announced a four-day mega sale on Tuesday during which a passenger can book an all-inclusive ticket on a short-haul domestic route for as low as ₹899.
PMO holds meeting to speed up strategic sale of PSUs
NEW DELHI: The Prime Minister’s Office (PMO) Tuesday held a meeting to work out steps to expedite the strategic sale of PSUs identified by government think-tank Niti Aayog, a senior official said.
SpiceJet to start Hyderabad-Jeddah flight from 25 March
NEW DELHI: SpiceJet on Monday said it will start a daily non-stop flight between Hyderabad and Jeddah from 25 March .
IndiGo grounds yet another Airbus A320 Neo aircraft citing engine issues
MUMBAI: InterGlobe Aviation Ltd, which operates the country’s largest domestic airline, on Sunday said that it has grounded an Airbus A320 Neo aircraft due to engine issues.
Pratt & Whitney engine woes: IndiGo grounds A320 neo plane in Lucknow
NEW DELHI: IndiGo has grounded an A320 neo aircraft at Lucknow due to problem in the Pratt & Whitney engine, according to a source.