Cash-strapped carrier Jet Airways, which is struggling to remain afloat amid a financial crisis, Tuesday cancelled 19 fights after it grounded four of its Boeing 737 aircraft. The company sourced told The Indian Express that the cancellation of flights happened as the lessors are shortly to take back possession of these aircraft.
Category: Civil Aviation
Air India extends sale: Now, book flight tickets for as low as Rs 979 till January 31
Air India has extended it sale offer, announced on Republic Day, till January 31, the national carrier said on Twitter. The airline is offering domestic and international flight tickets for as low as Rs 979 and Rs 6,000 respectively under the offer as its tribute to the nation on the occasion. According to the official […]
Jet Airways deal: SBI may get 15% in beleaguered airline
Cash-strapped carrier Jet Airways may see State Bank of India acquiring a stake of around 15% in it once it converts a part of its loan into equity as part of a restructuring package of the airline.
Fly from Ahmedabad and Hyderabad to Nashik in less than Rs 2,500! Alliance Air to start flights under UDAN
Now fly easily from Ahmedabad and Hyderabad with cheap, affordable flights as Modi government’s UDAN scheme diversifies its wings! Alliance Air, which is the regional arm of the national carrier Air India has announced air operations from Hyderabad to Ahmedabad to Nashik from February 1, according to a recent PTI report. The new service is […]
Hope floats: Jet Airways seeks investor nod to swap debt for shares
Jet Airways India is seeking the approval of shareholders to convert loans into equity as the ailing carrier saddled with $1.1 billion of debt negotiates a rescue deal with its lenders and partner Etihad Airways.
Data Monitor: The Ministry of Civil Aviation’s Vision 2040 released
The Ministry of Civil Aviation’s Vision 2040 released last week envisages total air traffic reaching 1.1 bn by FY2040 from 187 mn in FY2018. As part of the policy, 75 airports are expected to be added to the existing base of 75 operational airports. This would be backed by a similar growth in airline fleets. […]
Fly to Hampi, Gangtok and Shimla at affordable rates! UDAN scheme a boon for tourist places
Planning your next vacation just became easier and cheaper! Fly to popular tourists heartlands like Hampi, Gangtok and Shimla as UDAN flights are here to take you across miles. According to a recent IE report, tourist destinations like Hampi in Karnataka, Gangtok in Sikkim, Pithoragarh in Uttarakhand and Shimla in Himachal Pradesh are easily accessible […]
IndiGo share price zooms 6% after firm retains highest market share in December
Shares of India’s major low cost airline gained in trade on Tuesday, after the firm retained the top spot in terms of market share in the month of December. IndiGo shares gained by nearly 6% to intra-day high of Rs 1,126.40 on BSE. According to latest figures provided by Directorate General of Civil Aviation (DGCA), […]
Indian ground handling industry headed down a vulnerable path on unsustainable bids
2018 has been a bittersweet journey for India’s civil aviation industry. While domestic passenger traffic in the country registered a double digit growth for the 50th month in a row in October 2018, balance sheets of airlines continue to be in the red due to fluctuating ATF prices, depreciating rupee and ruthless competition.