MUMBAI: The benchmark BSE Sensex cracked over 300 points in early trade Monday tracking losses in index heavyweights RIL, HDFC and ICICI Bank, amid weak global cues, sinking rupee and soaring crude oil prices. Jet Airways shares went down the lowest in decade at 23.2 per cent on Monday. The 30-share index was trading 309.56 […]
Category: Civil Aviation
Nasim Zaidi quits Jet Airways board, cites personal reasons, time constraints
MUMBAI: Grounded carrier Jet Airways on Monday said its non-executive and non-independent director Nasim Zaidi has quit the board, citing personal reasons and time constraints. Zaidi, the former Chief Election Commissioner and ex- civil aviation secretary, joined the Jet Airways board in August last year. “This is to inform you that Nasim Zaidi has submitted […]
Adani on aggressive expansion across sectors
Gautam Adani-led Adani Group, which recently forayed into petrochemical and airport spaces, is continuing with aggressive expansions, with a focus on new business areas like logistics, mining, energy, construction and agro commodities, in order to diversify its portfolio, which has paid rich dividends to the company in the last few years. Sources close to the […]
DGCA requests airlines to augment number of flights as airfares continue to sore
NEW DELHI: As airfares continue to rise, Indian aviation watchdog DGCA has “requested” the airlines to bring the “immediate and medium-term plan” on Wednesday to augment the number of flights, which will be over and above the flights approved for the summer schedule, government officials said on Tuesday. “With the grounding of the 737 Max […]
Rafale deal: Modi government gets big blow as SC says will examine ‘stolen’ papers
NEW DELHI: In what could be seen as a huge setback for the present NDA government just ahead of the first phase polling scheduled to take place for the Lok Sabha elections tomorrow, the Supreme Court on Wednesday rejected preliminary objections raised by Centre on the admissibility of certain documents produced by review petitioners on […]
New airport parking policy in place at BPIA
BHUBANESWAR: The new vehicle parking policy of Airports Authority of India (AAI) was implemented by Biju Patnaik International Airport (BPIA) here on Monday.The new policy will now allow visitors at BPIA to use the pick-up and drop lanes without being charged for entry or access. Except for commercial vehicles approaching the arrivals, vehicles going to […]
US approves sale of 24 MH-60 Romeo Seahawk helicopters to India for USD 2.4 billion
WASHINGTON: The US has approved the sale of 24 multi-role MH-60 ‘Romeo’ Seahawk helicopters to India at an estimated cost of USD 2.4 billion, the State Department has said. India has been in need of these formidable anti-submarine hunter helicopters for more than a decade now. Designed for hunting submarines as well as knocking out […]
Jet Airways, grounds 15 more planes, left with only 20 operational aircraft
NEW DELHI: Beleaguered airline Jet Airways on Tuesday announced grounding of 15 more aircraft over non-payment of outstanding dues to lessors. With the latest announcement, Jet is now left with only 20 operational aircraft, out of a fleet strength of around 120. The fresh grounding is likely to cause more trouble for passengers, who, in […]
DGCA approves crisis-hit Jet Airways’ summer schedule only till April 25
NEW DELHI: Indian aviation watchdog DGCA has approved the summer schedule of flights of Jet Airways from March 31 to April 25 only, according to an official document. The summer schedule of flights of all other domestic airlines such as Vistara, IndiGo, Air India and GoAir have been approved till October 26, according to the […]
First SpiceJet flight from Hyderabad lands at VSS Airport
JHARSUGUDA: Regular flight services began from Veer Surendra Sai (VSS) Airport here on Sunday with SpiceJet operating daily direct flights to Delhi, Hyderabad and Kolkata under Ude Desh Ka Aam Nagrik (UDAN) scheme. “The first flight of SpiceJet landed from Hyderabad and 95 per cent of seats were booked from Jharsuguda. Passengers are very happy […]
Unpaid pilots to keep planes grounded; Jet Airways says show will go on
NEW DELHI: Even as over 1,000 Jet Airways pilots, who haven’t been paid for the past four months, have decided not to fly from April 1, the carrier late on Saturday expressed its inability to clear the dues immediately. Jet held that it will only be able to clear the remaining 85.7 per cent of […]
Airlines responsible for their financial performance; govt can’t interfere in day-to-day ops: Suresh Prabhu
NEW DELHI: Efficient operations and financial performance are individual responsibilities of carriers, and the government cannot interfere in their day-to-day operations, Civil Aviation Minister Suresh Prabhu said amid Jet Airways crisis and turbulent times of the domestic airlines industry. In view of intense competition, rising costs, shortage of pilots and grounding of planes hurting many […]