Shares of Jet Airways tanked 12 per cent on Thursday on reports that bidders of the now grounded airline appear uninterested in following up on their expressions of interest. Potential bidders have so far failed to show any firm interest in bailing out the struggling airline, a source involved in the matter said, increasing the […]
Category: Civil Aviation
Staff offers to take over Jet Airways
A group of Jet Airways employees have thrown their hat into the ring to acquire a majority control of the grounded airline. They have written to the lenders consortium, led by the State Bank of India (SBI), where they laid out their plan to join hands with an external investor. “On the basis of extensive […]
Rafale deal: Centre gets time till May 4 to file response against review petitions
The Supreme Court directed the Union government on Tuesday to file response by May 4 to the petitions seeking review of last December’s Rafale verdict by which the apex court had dismissed the pleas challenging India’s deal to procure 36 fighter jets from France. A bench of Justices S.K. Kaul and K.M. Joseph, headed by […]
SC tells Rahul Gandhi to apologise by Monday
The Supreme Court has told Congress president Rahul Gandhi to file an “additional affidavit” by Monday tendering an unconditional apology for his claim that it had concurred with his remark “chowkidar chor hai” in connection with alleged wrongdoing by Prime Minister Narendra Modi in the Rafale deal. A bench of Chief Justice Ranjan Gogoi and […]
Supreme Court refuses government plea for Rafale time
The Supreme Court on Tuesday gave the government time till May 6 to respond to a batch of review petitions on the Rafale deal and file counter-affidavits, rejecting attorney-general K.K. Venugopal’s plea for a four-week adjournment. The review pleas have challenged the court’s December 14 judgment that had said there was no illegality in the […]
Relief for PM chopper officer
The IAS officer who was suspended for ordering an inspection of the Prime Minister’s helicopter in Odisha has said he has not received any response from the Election Commission on why action was taken against him. “I had written to the Election Commission of India, the chief electoral officer of Odisha and the Sambalpur district […]
Engine snag in Rahul plane
A plane carrying Congress president Rahul Gandhi to Patna on Friday morning for a campaign rally in Bihar had to return to Delhi because of engine trouble. Rahul later tweeted: “Engine trouble on our flight to Patna today! We’ve been forced to return to Delhi. Today’s meetings in Samastipur (Bihar), Balasore (Orissa) & Sangamner (Maharashtra) […]
Chopper officer digs in heels
Mohammed Mohsin, the IAS officer who had been suspended for ordering the inspection of the Prime Minister’s helicopter, has said he will seek “legal remedy” to the Election Commission’s recommendation of disciplinary action against him. On Thursday, the Central Administrative Tribunal had stayed the EC’s earlier order suspending him for ordering the checking of the […]
Jet seeks to protect overseas flight rights
Jet Airways has written to the civil aviation ministry seeking protection of its international flying rights during the bidding process for the troubled carrier even as rivals like SpiceJet devise plans to expand their overseas footprint. Sources said Jet had urged the ministry not to farm out its international flying rights during the period that […]
SpiceJet doubts Jet Airways’ revival power
SpiceJet chairman Ajay Singh on Wednesday said any potential bidder of Jet Airways must have to contend with a viability gap funding of Rs 25,000 crore, out of which Rs 11,000 crore needed to paid upfront. This casts a shadow on the grounded carrier’s ability to take to the skies again even as the civil […]
Jet Airways seeks SpiceJet benefits
Jet Airways has lobbied the Narendra Modi government for the same favours and benefits that were extended to SpiceJet when the low-cost airline was trying to extricate itself from a financial mess in 2014. Jet Airways chief executive officer Vinay Dube told a television news channel that during a recent hour-long discussions with finance minister […]
Jet refund process takes off
Travel agents across the country, including many from the city, on Tuesday started processing refunds for cancelled Jet Airways tickets with International Air Transport Association, but there was no clarity when passengers could actually get back their money. International Air Transport Association (Iata) is the trade association for airlines globally. The money for flight tickets […]