Category: Civil Aviation

MUMBAI: Jet AirwaysNSE 0.59 % chairman Naresh Goyal has sought an urgent funding of Rs 750 crore from its equity partner Etihad, citing “the very precarious” position of the airline following the lingering cash flow issues which got amplified after the forced grounding of over 50 of its planes. In a letter to the Gulf-based […]

NEW DELHI- India’s Directorate General of Civil Aviation (DGCA) said on Monday it is reviewing safety issues related to Boeing’s 737 MAX 8 aircraft operating in the country, a day after the fatal crash of one of the planes in Ethiopia. A Nairobi-bound Boeing 737 MAX 8 operated by Ethiopian Airlines crashed minutes after takeoff […]

MUMBAI -Punjab National Bank, the second largest lender to troubled Jet AirwaysNSE 1.13 %, along with other overseas lenders are awaiting a resolution plan being worked out under the aegis of the State Bank of IndiaNSE 0.52 %, the largest lender to the country’s second largest private sector aviation company. The state-owned lender has not […]

Seattle, Boeing said it had no reason to issue new guidelines to operators, which have bought 737 MAX airliner after one crashed in Ethiopia, killing all 157 people on board. An Ethiopian Airlines flight travelling from Addis Ababa to Nairobi in Kenya crashed shortly after takeoff on Sunday, making it the second 737 MAX 8 […]

NEW DELHI: Cash-strapped Jet AirwaysNSE 1.15 % said Monday it is not operating any of the five Boeing 737 MAX in its fleet. The statement of the airline, which has grounded a significant number of planes, comes amid aviation regulator being asked to undertake a safety assessment of 737 MAX aircraft following the crash of […]

Orders stricter checks, says only pilots with experience of these jets can fly; 4 countries ground fleets NEW DELHI: India’s aviation regulator on Monday tightened norms governing the operation of Boeing 737 MAX aircraft after one such plane belonging to Ethiopian Airlines crashed on Sunday, fuelling concern about passenger safety and forcing four countries to […]

NEW DELHI- India’s debt-laden Jet AirwaysNSE 1.21 % Ltd denied a media report on Monday that it had secured a 20.50 billion rupee ($293 million) loan from state-owned Punjab National BankNSE 0.29 % (PNB) to help pay overdue plane leasing fees and salaries. The airline, which has had to ground planes after failing to make […]

NEW DELHI: Gulf carrier Etihad Airways is likely to infuse around Rs 1,600-1,900 crore into cash-strapped Jet AirwaysNSE 1.15 % under a proposed deal wherein Naresh Goyal would step down as chairman of the domestic carrier, according to sources. Jet Airways, a full-service airline, has been grappling with acute financial crunch that has also forced […]

Etihad Airways and a new partner will together invest nearly Rs 4,000 crore to revive beleaguered Jet AirwaysNSE 1.17 % while founder-promoter Naresh Goyal and his wife will step down from the board and all executive positions. The lenders will convert a portion of their loans into equity and Jet Airways’ 51% stake in Jet […]

ISLAMABAD: Pakistan on Saturday extended the closure of its airspace for international transit flights till March 11, according to a media report. In a notification, the Civil Aviation Authority said that the country’s airspace would now be closed for international transit flights until 3 pm on March 11, the Express Tribune reported. However, it said […]

Addis Ababa: The pilot of a Nairobi-bound Boeing 737 that crashed six minutes after takeoff from Addis Ababa on Sunday, had alerted controllers “he had difficulties” and wanted to turn back the plane carrying 157 people, the head of Ethiopian Airlines said. The pilot “was given clearance” to return to Addis, chief executive officer Tewolde […]

Once again, an almost brand new Boeing Co. 737 Max 8 crashes not long after takeoff as it flies erratically and pilots ask to return to the airport. The crash Sunday morning of a jetliner in Ethiopia bears unmistakable similarities to the Oct. 29 tragedy off the coast of Indonesia involving the same model, prompting […]