Day: January 30, 2019

Jet Airways says aircraft grounded due to ‘scheduled termination” of lease, technical reason

January 30, 2019

Troubled airline Jet Airways on January 30 clarified its aircraft were grounded for ‘scheduled termination’ of a lease and ‘engine normalisation’ exercise and that they will rejoin operations on February 1. In a release to the stock exchange, Jet Airways said, it has grounded one aircraft for scheduled termination of its engine’s lease and one […]

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Indian banks are dangerously close to reliving the Kingfisher disaster with Jet

January 30, 2019

Having burnt their fingers with the now-defunct Kingfisher Airlines, it’s déjà vu for India’s banks. And this time, it’s with Jet Airways. While the lenders are looking for a way to salvage the debt extended to India’s oldest private carrier by picking up a stake in the company, they’d be well-advised to recall their bad […]

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Air India flight damaged during takeoff at Tirupati airport, lands safely in Hyderabad

January 30, 2019

An Air India flight AI-541 from Tirupati to New Delhi via Hyderabad suffered damages after “foreign objects” from the runway hit the underside and wings of the flight during take-off. While the underside just suffered scratches, the wings suffered heavy damage. However, the flight safely landed in Hyderabad and there were no casualties. The incident […]

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