Congress-affiliated NSUI on Tuesday marched to police stations in various state capitals and filed a complaint against the PMO, accusing it of “corruption” in the Rafale fighter jet deal, the student organisation said. In Delhi, National Students’ Union Of India members marched to Parliament Street police station and submitted a complaint to police. “The Rafale […]
Category: Civil Aviation
Spicejet slips 8% as India grounds Boeing 737 MAX
NEW DELHI: Shares of Spicejet slipped 8 per cent and a hit a intra-day low of Rs 72.50 on Wednesday morning on fears that grounding of Boeing 737 MAX aircraft will hurt the airline’s revenue and profitability. The shares of the airlines had closed at Rs 78.80, down 5.29 per cent yesterday. The scrip hovered […]
Sidharath Kapur, man behind GMR’s airports expansion, quits
Sidharath Kapur, executive director and the main brain behind GMR Infra’s expansive airports business, has resigned, said two people aware of the matter. Kapur is likely to join a global infrastructure firm, one of the persons cited above said, without elaborating and requesting anonymity. Kapur had joined GMR in 2009 as its president of the […]
Boeing 737 MAX to be grounded fully by early evening today: DGCA officials
The Boeing 737 MAX being operated by SpiceJet will finally be grounded by early evening today, said senior officials in the aviation regulator. “While the groundings were ordered, there is a time given for last-minute exigencies. An aircraft has to return to base, if it was at some international station. Aircraft are to be brought […]
Countries that have grounded their Boeing 737s so far
A number of countries have grounded Boeing’s 737 MAX 8 medium-haul workhorse jet in response to an Ethiopian Airlines crash that killed all 157 people on board. The Nairobi-bound plane was the same type as the Indonesian Lion Air jet that crashed in October, killing 189 passengers and crew — with some detecting similarities between […]
Ground to air: Airlines face many headwinds
The Indian aviation sector had been fastest growing over the past four years, making it the world’s envy. But this blistering pace of growth in passenger numbers has brought along its own share of challenges; the latest being the problems associated with Boeing737 MAX, which are operated by Jet AirwaysNSE -2.31 % and SpiceJet. ET […]
India aviation authority grounds Boeing 737 MAX airplanes
India joined late Tuesday a global ban on flying the Boeing 737 MAX plane after this week’s crash of this aircraft type in the African skies, increasing the likelihood of a further rise in domestic fares that remain high due to unrelated flight cancellations by some carriers. “(Industry regulator) DGCA has taken the decision to […]
India may ban Boeing 737 Max 8 planes, decision likely on Wednesday
India is likely to ban the use of Boeing 737 Max 8 aircraft by the country’s airline companies and the decision on the issue may be taken on Wednesday, a senior official of aviation watchdog DGCA said Tuesday. On Sunday, a 737 MAX 8 aircraft operated by Ethiopian Airlines crashed near Addis Ababa killing 157 […]
IndiGo woos Jet Airways’ pilots, offers compensation for overdue salaries
Budget carrier IndiGoNSE 3.81 % is offering jobs to pilots of Jet AirwaysNSE -2.18 % along with compensation for overdue salaries from the cash-strapped full service airline. IndiGo, the country’s largest airline in terms of market share, Tuesday also said that all job offers are in line with its current terms and conditions. Crisis-hit Jet […]
Growing number of Boeing Max 8 planes grounded after crash
Beijing-Aviation authorities in China, Indonesia and Ethiopia ordered airlines on Monday to ground their Boeing 737 Max 8 planes after one of the aircraft crashed in Ethiopia, killing all 157 people on board. The crash of the Ethiopian Airlines jet shortly after it took off from Addis Ababa on Sunday is drawing renewed scrutiny of […]
Jet Airways defaults on repayment of ECBs
Crisis-hit Jet AirwaysNSE 0.81 % on Monday defaulted on part repayment of its external commercial borrowings due to liquidity crunch. Specific details about the borrowings were not disclosed. “… the part repayment of the external commercial borrowing availed by the company, for working capital purposes, falling due on March 11, 2019, has been delayed owing […]
Jet Airways rises 2% on Rs 4,000-crore rescue plan
NEW DELHI: Shares of Jet AirwaysNSE 0.81 % rose 2 per cent on Tuesday morning on reports that Etihad Airways and a new partner will together invest nearly Rs 4,000 crore to revive beleaguered Jet Airways while founder-promoter Naresh Goyal and his wife would step down from the board and all executive positions. The scrip […]