SINGAPORE/BENGALURU: International lessors have grounded more Jet AirwaysNSE 1.02 % planes prior to potentially moving them out of India, as scepticism builds whether a state-led bailout of the carrier can clear their dues on time, sources familiar with the matter said. The troubles at India’s Jet, which is saddled with a billion dollars in debt, […]
Category: Civil Aviation
Suresh Prabhu wanted compulsory in-flight announcements in local language, ministry said ‘not feasible’
Civil Aviation Minister Suresh Prabhu had asked his ministry officials to make it compulsory for airlines to use local languages for in-flight announcements besides Hindi and English but was told that this measure was “practically not feasible”. On December 26, his private secretary Rohit Yadav wrote a note to the civil aviation ministry, stating that […]
Jet Airways offers up to 50% discount on domestic and international flight tickets
Jet AirwaysNSE 1.02 % is offering up to 50 per cent discount on domestic and international flight tickets under its special promotional sale scheme ‘Love-A-Fare’, as stated by the airline in a press release on Thursday. The offer begins today and it is valid till February 25, 2019. It is applicable on base fare in […]
Jet Airways expects lenders’ nod for resolution plan next month
Jet AirwaysNSE 1.02 % expects to start getting approvals from lenders for its resolution plan from next month, a senior executive said Thursday. The executive spoke on the sidelines of an extraordinary general meeting called to seek shareholder approval for enhancing the airline’s share capital, nominate board members from lenders and convert debt into equity, […]
Adani Group in race to buy 23.5% in Mumbai Airport
MUMBAI | NEW DELHI: The Adani Group has made a formal offer to buy out the 23.5% held by two South African firms in Mumbai airport, setting the stage for a battle with the GVK Group which has also shown interest in increasing its stake. The Adani Group has sought to buy the stakes of […]
SBI, PNB ready to pump in emergency funding for Jet Airways
MUMBAI: Government-owned State Bank of India (SBINSE 0.45 %) and Punjab National Bank (PNBNSE -0.14 %) have agreed to provide Rs 500 crore emergency funding for Jet AirwaysNSE 1.00 %, subject to others in the consortium of lenders not objecting, said people with knowledge of the matter. This money will allow the airline to continue […]
Airbus opens pilot training centre in Gurugram
Global aerospace major Airbus on Wednesday opened its training centre for commercial pilots and maintenance engineers at Haryana’s Gurugram in the National Capital Region (NCR). “Through the centre, we aim to train 8,000 commercial pilots and 2,000 maintenance engineers over the next 10 years,” an Airbus spokesperson told IANS at the Aero India air show. […]
Domestic air passenger traffic rises 9.1 per cent in January
Domestic air passenger traffic rose 9.1 per cent in January, with the country’s airlines carrying 125.08 lakh passengers during the month, according to DGCA data released on Wednesday. Domestic air passenger traffic in January last year was 114.65 lakh. The market share of no-frills airline IndiGoNSE -1.79 % for January fell to 42.5 per cent […]
This Indian airline rescue is touch-and-go
For Jet AirwaysNSE 0.62 % India Ltd., it’s always only about one rupee. As I wrote last month, the troubled full-service carrier needed to garner an additional 1 rupee (1.4 cents) per available seat kilometer to make up for its cost disadvantage against no-frills rivals. Cutthroat price competition denied it that opportunity, and now banks […]
Saab proposes to make 96 Gripen jets in India to win Air Force deal
BENGALURU: Swedish defence firm Saab AB , which is seeking to sell its Gripen fighter jets to the Indian Air Force, said on Tuesday it could offer to make most of them in a production facility likely to be set up in one of the southern cities. Saab is expected to face competition from rivals […]
7 islands in Andamans, Lakshadweep identified for seaplane operations
Seven islands in the Andamans and Lakshadweep have been identified for seaplane operations while private sector participation has been invited for tourism-based projects in the two archipelagos, the Home Ministry said Tuesday. The 5th meeting of the Island Development Agency (IDA), chaired by Home Minister Rajnath Singh, also reviewed the progress made towards the program […]
GIC, Mitsubishi in talks with GMR Infra to buy minority stake in Airport Hold Company
Mumbai: Singapore’s GICNSE 0.15 % and Japanese diversified conglomerate Mitsubishi Corp. are in talks with GMR Infra for a minority stake in its airport holding co. as Indian airport developers step up attempts to reduce debt and get more investors. Three people aware of the development said that GMR, with interests in airports, roads and […]