Category: Civil Aviation

With the lenders rejecting an lifeline of ₹400 crore on April 17 Jet Airways, which has been on a wing and prayer since January, is left with no other option but to ground operations at least temporarily. Since the March 25 resolution to infuse ₹1,500 crore into the airline is yet to fructify, the once […]

Embattled liquor tycoon Vijay Mallya on Wednesday took to social media once again, this time to express his solidarity with Jet Airways founder Naresh Goyal and repeat his own offer to repay all the money he owes to India’s public sector banks. The 63-year-old, fighting his extradition to India on charges of fraud and money […]

Etihad Airways, the national airline of the UAE and IBS Software (IBS) have signed a contract to enhance the airline’s operations. IBS, a leading provider of new generation IT travel solutions, was selected to replace the airline’s existing network control system and develop a hub management system, allowing the airline’s staff to move away from […]

Alliance Air, a subsidiary of Air India, will introduce daily morning flights between Chennai and Coimbatore with effect from April 25. Flight no. 9I-565 will depart from Chennai at 5.45 a.m. and reach Coimbatore at 7.10 a.m. Flight No. 9I-566 will take off from Coimbatore at 7.35 a.m. and land in Chennai at 9 a.m. […]

Passengers who booked Jet Airways flights are unlikely to get refund for their tickets soon though the airline announced cancellation of its domestic and international flights from Wednesday. “Passengers can be provided a refund only if the airline processes it, which is unlikely to happen unless it is resurrected,” said an executive from one of […]

The Directorate General of Civil Aviation (DGCA) will conduct a special safety audit of the low-cost carrier IndiGo following concerns about the snag-ridden Pratt and Whitney (P&W) engines, which power the airline’s A320 Neo aircraft. While an annual audit of IndiGo was due in April, a special review will also be done of the airline’s […]

Jet Airways on Wednesday announced temporary suspension of all its international and domestic flights, with the last flight operating between Amritsar and Mumbai. In a filing before the Bombay Stock Exchange (BSE) and a statement to the media, the airline said it was informed by the State Bank of India (SBI), on behalf of the […]

The Indian Air Force (IAF) on Monday presented two radar images of the aerial engagement with Pakistan Air Force (PAF) on February 27 to prove that a Pakistani F-16 was shot down by a Mig-21 piloted by Wing Commander Abhinandan Varthaman. “The IAF has irrefutable evidence of not only the fact that F-16 was used […]

State Bank of India (SBI) on Monday invited bids from strategic and financial investors for stake sale in the cash-strapped Jet Airways. SBI, the lead bank of the consortium of lenders of Jet Airways (India) Ltd., has offered bidders a maximum of 75% stake (8,51,98,037 shares). The minimum stake on offer is 31.2% (3,45,42,383 shares). […]

Even as lenders have kick-started the process of selecting a bidder for Jet Airways, the carrier is reporting a daily loss of more than Rs. 20 crore with sharp erosion in cash flows, company officials said. While Jet’s promoter Naresh Goyal has stepped down in deference to the wishes of the lenders, its strategic partner […]

The bidding process for stake sale in the cash-starved Jet Airways is likely to commence from Monday as the bid document is still to be given a final shape, a source said. The SBI-led consortium of 26 lenders, which now has the management control of the full-service carrier under a debt-recast plan, last Thursday said […]

The Tatas are learnt to be interested in acquiring the cash-strapped Jet Airways which has been put up for sale by Indian lenders. In a bid to find a buyer at the earliest to mobilise an estimated Rs. 8,500 crore for revival, banks, led by the State Bank of India (SBI), on Thursday decided to […]