Category: Civil Aviation

Mumbai: 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.

MUMBAI: India’s largest lender State Bank of India (SBI) is set to take an equity stake of at least 15 percent in Jet Airways India Ltd. as lenders to the carrier plan to convert part of their loans into equity, people with knowledge of the matter said.

NEW DELHI: Air India has started serving food stocked from India on 11 return flights from eight foreign cities, and it plans to save around ₹49 crore annually through this measure, a senior official said Monday.

MUMBAI: Jet Airways (India) Ltd will seek approval from its shareholders to convert a portion of its debt into equity, a move that is expected to bolster the cash-strapped airline while paring the stakes of founder and chairman Naresh Goyal as well as Etihad Airways PJSC.

Dubai: Dubai International Airport says it remains the world’s busiest for international travel.

BENGALURU: Jet Airways Ltd said on Monday it would seek shareholder approval next month to convert existing debt into equity, part of efforts by the cash-strapped Indian airline to resolve its financing problems.

New Delhi/Abu Dhabi: Etihad Airways has appointed turnaround specialist Alvarez & Marsal to conduct due diligence on Jet Airways Ltd as it weighs bailing out the cash-strapped Indian carrier, three sources familiar with the matter told Reuters.

MUMBAI: Thai Airways International Public Co. Ltd plans to connect more tier II cities in India with its low-cost subsidiary, hoping to tap a growing number of travellers to the South-East Asian country.

SpiceJet and Turbo Aviation will be the first Indian airline companies to fly seaplanes on a commercial basis. The companies came out successful winners today to operate the service in the third round of the government’s regional connectivity scheme that aims to connect under-served and unserved airports in the country.

NEW DELHI: The government will release ₹1,500 crore to Air India next week as part of equity infusion under the turnaround plan, a senior official said Friday.

In the third and largest round yet of bidding for subsidized regional air routes, 11 airlines including IndiGo, Jet Airways, and SpiceJet have won bids for 235 regional connectivity services, the civil aviation ministry announced on Friday.

New Delhi/Abu Dhabi: Etihad Airways has appointed turnaround specialist Alvarez & Marsal to conduct due diligence on Jet Airways Ltd as it weighs bailing out the cash-strapped Indian carrier, three sources familiar with the matter told Reuters.