Category: Civil Aviation

NEW DELHI: Jet Airways has grounded seven more aircraft “due to non-payment to lessors”. Now just about 30 of the airline’s fleet, which used to be 119 till a few weeks back, is operational. In the last five days, 13 planes have been grounded for this reason. There is diminishing hope among lenders, employees and […]

CHENNAI: A New Delhi-bound SpiceJet flight carrying 182 passengers returned back to the airport here after flying for over an hour, following a technical problem, officials said Saturday. According to the airline’s website, flight SG104 had taken off at 7.00 am and the pilot decided to return due to the technical problems and landed the […]

MUMBAI: Minority lenders that are part of the consortium that has lent to Jet Airways have agreed to grant priority status to funding that would be provided by State Bank of India + (SBI) and Punjab National Bank (PNB). This will enable SBI and PNB to provide emergency funding to keep the airline afloat until […]

Mumbai: Minority lenders that are part of the consortium which has lent to Jet Airways have agreed to grant priority status to funding that would be provided by State Bank of India (SBI) and Punjab National Bank (PNB). This will enable SBI and PNB to provide emergency funding to keep the airline afloat until a […]

NEW DELHI: Jet Airways Ltd chairman Naresh Goyal and his wife Anita Goyal are expected to leave the board of the cash-strapped airline on Monday, ET Now television channel reported. Chief executive Vinay Dube is expected to stay on board of the 25-year-old airline Goyal set up with his wife in 1993, according to the […]

NEW DELHI: The capital’s Indira Gandhi International Airport (IGIA) is now the world’s 12th busiest airport — moving up four places from the 16th spot in 2017 — by overtaking mega hubs like the Frankfurt, Dallas Forth Worth, Guangzhou and Istanbul Ataturk airports. According to the preliminary world airport traffic rankings for 2018 released by […]

NEW DELHI: Inform us about your dues before we allow unpaid lessors to repossess aircraft and fly them out of India, aviation regulator told government agencies. The Directorate General of Civil Aviation (DGCA) on Friday asked stakeholders like airport operators, fuel vendors, services tax, customs and income-tax departments to “notify DGCA regarding any dues which […]

NEW DELHI: GVK Airport Holdings Limited (GVKAHL) will increase its stake in Mumbai Airport to 74%, from existing 50.5%. The airport subsidiary of GVK Power & Infrastructure Limited informed BSE on Friday that it will acquire 12 crore equity shares of Mumbai International Airport Limited (MIAL), “constituting 10% of the total paid-up share capital of […]

New Delhi, Mar 22 () Lenders of Jet Airways are likely to pick up a substantial stake in the debt-laden airline till a new promoter is roped in, sources said. The process of getting a new promoter on board is likely to take another two to three months and once that happens, the banks would […]

NEW DELHI: Unless Jet Airways founder Naresh Goyal is able to arrange for funds over the next 24-48 hours, lenders led by State Bank of India could take over the cashstrapped Jet Airways by Monday and simultaneously seek the exit of Goyal and his nominees from the airline’s board. Bankers are then expected to rope […]

NEW DELHI: From being the second largest domestic airline for years, Jet Airways officially slipped to the fourth slot in February due to its cash problems, with SpiceJet and Air India overtaking it, data released by Directorate General of Civil Aviation (DGCA) on Wednesday showed. Now, one in nine Indian passengers flies Jet that ruled […]

NEW DELHI: The pilots of cash-strapped Jet Airways have urged Prime Minister Narendra Modi and civil aviation minister Suresh Prabhu to intervene and instruct the management to release their pending salaries. “We fear that the airline is on the verge of collapse. This will leave thousands of people unemployed. It will change the dynamics of […]