Category: Civil Aviation

The management of crisis-ridden Jet Airways got a temporary relief as its pilots’ body has agreed to give 14 more days to the company to pay their salary dues and deferred its call for halting operations to April 15. “There was meeting with National Aviators’ Guild (NAG) in both Mumbai and Delhi offices. The management […]

BELAGAVI: After a long wait, the first flight under UDAN-3 scheme will take off from Belagavi on May 1. SpiceJet will launch the flight under the Centre’s ambitious regional connectivity scheme between Belagavi and Hyderabad. This flight will be operated every day between the two cities. According to sources, flight SG-3734 will depart Belagavi’s Sambra […]

It looks like pilots are doomed to sacrifice a lot more to keep the beleaguered Air India in the air. Faced with a massive cabin crew shortage, the national carrier has had to cancel more than 10 flights a day — including those to Madrid and Birmingham — since March 16. The crew shortage has […]

MUMBAI: Jet Airways on Monday said that it will receive an “immediate funding support” of up to Rs 1,500 crore by lenders for operational requirements. ALSO READ | Amid Jet Airways crisis, flight cancellations widen demand and supply gap in aviation sector The financially-struggling airline also announced the constitution of an Interim Management Committee “at […]

NEW DELHI: Shares of Jet Airways zoomed 15.5 per cent Monday with its founder and Chairman Naresh Goyal and his wife Anita Goyal stepping down from the crisis-hit airline’s board. The stock jumped 12.69 per cent to close at Rs 254.50 on the BSE. During the day, it rose sharply by 17.77 per cent to […]

HYDERABAD: Even as crisis-hit Jet Airways is gearing up for a bank-led rescue package, persons privy to the developments said not all 25 lenders will participate in the Rs 1,500-crore emergency funding for the airline. The proposed capital is expected to come from State Bank of India (SBI) and Punjab National Bank (PNB), which also […]

NEW DELHI: Naresh Goyal’s descension from Jet Airways marks the end of his 26-year-long stint at the helm of the airline. After cutting his teeth as a cashier in his uncle’s travel firm in early 1960s, Goyal worked his way up and held important positions in a number of airlines in the coming years. In […]

MUMBAI: Jet Airways staff and officers body Monday sought representation in the interim management committee which will oversee the functioning of the airline under the banks-led management. The committee under the overall supervision of the airline’s board, was announced after founder Naresh Goyal was forced to step down from the board as also as the […]

MUMBAI: Industry analysts welcomed the management changes at Jet Airways and the new debt-recast plan under which banks have taken over the control of the crippled airline and forcing founder-chairman Naresh Goyal and his wife out of board, saying the changes, though very belated, are “good and positive” for the airline. Bringing an end to […]

BENGALURU: The Hindustan Aeronautics Limited Monday announced the production of 16th light combat aircraft ‘Tejas’ as per the target. The city-headquartered public sector company said the customer flights would be completed by the end of this month. HAL in a statement said it has orders from the Indian Air Force (IAF) for 40 LCAs (16 […]

MUMBAI: Jet Airways founder Naresh Goyal, who along with his wife Anita, stepped down from the board Monday, said the decision is not the end of the journey but the start of a brand new chapter. Goyal has also resigned from the chairmanship of the 25-year-old airline. In an emotionally-charged letter to the 22,000-strong employees, […]

MUMBAI: Jet Airways promoter and founder Naresh Goyal on Monday resigned from the company’s board in the wake of the debt crisis. His wife Anita Goyal also stepped down from the board of the company. The resignation followed the airline board’s meeting in Mumbai on the day to decide on ways to procure interim funding […]