Lenders to financially struggling Jet Airways are understood to have agreed to convert Rs 4,000 crore — nearly half of the airline’s gross debt of Rs 8,411 crore (as on September 30 2018) — to equity at Rs 1,sources close to the development told FE. The lenders will get equity equivalent to this swap in […]
Category: Civil Aviation
Flight cancellation becomes expensive; Jet Airways raises cancellation fees
Jet Airways has surprised its users by changing its penalty framework for cancellation of tickets and other changes. Under the revised framework, if any changes or cancellations are made at least seven days prior to the date of travel, it will attract lower penalties compared to those who undertake booking changes within seven days.
Four aircraft grounded due to non-payment of dues: Jet Airways
Jet Airways told BSE on Thursday evening that four of its aircraft have been grounded due to non-payment of amounts outstanding to lessors under lease agreements.
Jet Airways raises Rs 250 crore from advance ticket sales to Jet Privilege
Cash-starved Jet Airways has mopped up Rs 250 crore from advance sale of tickets to its customer loyalty programme Jet Privilege, less than five months after raising money through the same route. The deal is similar to the one done in October 2018, an airline spokesperson said.
Airbus hit by jet cancellations as A380 shutdown looms
Airbus on Thursday reported the cancellation of orders worth $4 billion, dominated by 8 A380 aircraft, highlighting an increasingly bleak picture for the world’s largest airliner as preparations to close production gather pace amid weak demand.
Airlines owe Rs 2,760 crore to Airport Authority of India for various services
Airlines have outstanding dues of around Rs 2,760 crore to the Airport Authority of India (AAI) on account of services like check-in counters, parking and landing charges.
Big alert! Avoid flying to or from Mumbai till March; Over 5,000 flights cancelled; fares shoot up
Flying to and from Mumbai’s Chhatrapati Shivaji International Airport to get difficult! If you are planning to fly anytime soon to or from the Mumbai Airport, it is advisable to check with the airport authorities first as the airport’s main and secondary runways are likely to remain closed on select days over the next few […]
Kolkata-bound GoAir plane returns to Ahmedabad after suffering P&W engine problem
A GoAir aircraft flying to Kolkata Wednesday experienced problems with Pratt & Whitney engine and returned to Ahmedabad, according to a source.
Boeing’s smallest 737 Max faces new doubts as a key buyer wavers
WestJet Airlines Ltd. is outgrowing its crush on Boeing Co.’s Max 7 jet, adding to concerns about the future of the smallest member of the 737 Max family.
India’s highest airport in Leh to get swanky new terminal, will cost Rs 480 crore
India’s highest-commercial airport Kushok Bakula Rimpochee Airport in Leh, Jammu and Kashmir is set to get wings! Yes, the Leh airport, which is located at 3,256 meters above sea-level, will have a new domestic terminal building. Prime Minister Narendra Modi recently laid the foundation stone for a new domestic terminal building. The new terminal building […]
Qatar and European Union agree ‘landmark’ airline deal
Qatar Airways and European Union officials announced Tuesday that they had concluded talks on a “landmark” deal which could allow more European airlines to operate services to and from Doha.
Boeing makes ‘significant investment’ in supersonic jet developer Aerion
Boeing Co said on Tuesday it had made a significant investment in supersonic business jet developer Aerion, as the world’s biggest planemaker looks to tap into rising demand for high-end aircraft that can reduce travel time.