Jet AirwaysNSE 1.04 % shareholders will vote at a specially convened meeting on February 21 on its proposal to issue new equity and preference shares and convert a part of existing debt into equity. The beleaguered airline will also ask shareholders
Category: Civil Aviation
11 return flights serving food stocked from India; will save Rs 49 crore annually: Air India official
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 Rs 49 crore annually through this measure,
Airbus threatens to quit UK over Brexit
London: Airbus SE said it might be forced to move future investments out of the UK in the event of a no-deal divorce from the European Union, slamming the “madness” of Brexit supporters who
IndiGo appoints Ronojoy Dutta as CEO
MUMBAI: Aviation veteran Ronojoy Dutta was appointed CEO of Interglobe Aviation, which operates IndiGoNSE -1.14 %, the country’s biggest airline by number of passengers. Dutta had been appointed principal consultant and tasked with drawing up a five-year business plan
Business failure is penalised lot more than it should be: Ajay Singh CEO, Spicejet
India is the place to be in, especially in the prevailing “gloom and doom” around the world, because of the problems between the US and China, Brexit and other issues, says Ajay Singh, chief executive of budget carrier SpiceJetNSE 0.00 %. In a conversation with Supriya Shrinate in Davos, he says we want India to […]
IndiGo to start Delhi-Istanbul flight from March
Budget passenger carrier IndiGoNSE -1.26 % will operate daily non-stop flights between Delhi and Istanbul effective March 20, with Airbus A321 aircraft
Government awards 235 routes under UDAN, seaplanes to fly on 18 routes
NEW DELHI: Seaplanes will fly on 18 air routes among the 235 routes awarded Friday under the government’s ambitious regional connectivity scheme that will also connect 16 unserved airports and six water aerodromes.
Etihad hires turnaround expert Alvarez & Marsal as it weighs Jet Airways bailout
NEW DELHI/ABU DHABI: Etihad Airways has appointed turnaround specialist Alvarez & Marsal to conduct due diligence on Jet AirwaysNSE 1.07 % Ltd as it weighs bailing out the cash-strapped Indian carrier, three sources familiar
Government to release Rs 1,500 crore to Air India next week, says official
New Delhi: The government will release Rs 1,500 crore to Air India next week as part of equity infusion under the turnaround plan, a senior official said Friday.
Aviation ministry not to intervene in Jet Airways matter as discussions on between lenders, promoters: Official
NEW DELHI: The civil aviation ministry will not intervene in the matter regarding crisis-hit Jet AirwaysNSE 1.07 % as discussions are going on between the lenders and promoters, a senior official said Friday.
Special flight to bring back high-value target?
NEW DELHI: Intense speculation that Air India could be readying a mission that involves sending a long-range non-stop flight to bring back a highvalue target early next week swept
Emirates to cut check-in limit by 50%
MUMBAI: Dubai-based Emirates is set to introduce fare-based check-in baggage allowance, solely for its economy class. The new regime, which apply to tickets bought on or after February 4, is expected to hit bargain hunters,