Jet Airways will seek shareholder approval to convert existing debt into equity as it explores ways to get out of a financial crunch.
Category: Civil Aviation
Air India likely to get 1st tranche of govt fund infusion next week
The government is likely to infuse Rs 1,400-1,800 crore as the first tranche of a planned infusion of equity capital into ailing national carrier Air India next week.
Air Force Jaguar crashes in UP
A Jaguar aircraft of the Indian Air Force crashed on Monday near Gorakhpur, official sources said. The pilot ejected safely.
Many days and counting, Rafale tape ticking, says Rahul Gandhi
Rahul Gandhi on Monday said an alleged audiotape featuring a purported telephone conversation between a Goa minister and an unidentified journalist on the Rafale scam was “authentic”, bringing the spotlight back on an explosive claim he had made earlier this month.