News

IndiGo’s co-founder not intent on taking control of company: CEO

May 20, 2019

New Delhi: One of the co-founders of India’s largest airline IndiGo has no plans of taking control of the carrier, its Chief Executive said on Saturday, two days after parent InterGlobe Aviation Ltd shares fell over a media report about alleged differences between the co-founders. InterGlobe’s shares fell 9 per cent on Thursday after India’s […]

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Jet Airways likely to hit runway again of July 1: AdiGro

May 20, 2019

New Delhi : London-based AdiGro Group, which own AdiGro Aviation, has offered to restart the operations of grounded Jet Airways by July 1. In the offer it mentions that the company will restart functioning with eight to nine thousand employees and 70 aircraft. Sanjay Viswanathan, Founder and Chairman of AdiGroup expressed his keenness to partner […]

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Air India stops Mumbai – New York direct flights due to poor demand

May 20, 2019

Debt-laden national carrier, Air India decided to discontinue their direct flight between Mumbai and New York, owing to poor demand. According to the Air India officials, Mumbai-New York flight operation was causing huge losses to the airline, reported Hindustan Times. Air India started direct services from Mumbai to New York’s John F Kennedy Airport in […]

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Four dead in small plane crash near Dubai airport

May 18, 2019

At least four people died in a crash involving a small plane on a mission to calibrate terrestrial navigation systems at the Dubai International Airport (DXB), the UAE’s General Civil Aviation Authority (GCAA) announced on Thursday evening. The UK-registered DA42 plane had four crew members – three British and one South African on board when […]

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From a professor to an aviation startup: Meet Jet Airways’ newest bidders

May 16, 2019

After Etihad Airways decided they want to be a minority shareholder in the beleaguered Jet Airways and promised to invest only Rs 1,700 crore, banks are forced to look at other suitors to save the airline. They have started approaching unsolicited bidders that include a former air passenger service agent, a US-based professor, former head […]

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Intense competition on the cards for Jet Airways’ international slots

May 16, 2019

Pune: A tough competition is on the cards for three airlines if they want to clinch the two international slots that have fallen vacant at Pune Airport due to the grounding of Jet Airways. The civil aviation ministry has asked the airlines to submit their flight induction plans for international slots. “Vistara is looking forward […]

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NCLAT dismisses insolvency plea against SpiceJet

May 13, 2019

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea for initiation of insolvency proceedings against Spicejet by Ramco Systems Ltd, an operational creditor of the low-cost carrier. A two-member bench headed by Chairman Justice S J Mokhopadhaya upheld the orders passed by the National Company Law Tribunal (NCLT) in this matter […]

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Jet Airways bidding process: Etihad shows interest in stake sale

May 11, 2019

Etihad Airways expressed its interest to buy stake in Jet Airways under the bidding process run by the airline’s lenders on Friday. The State Bank of India-led consortium of 26 lenders also received two non-binding bids for purchasing stake in the embattled airline. “Etihad Airways today confirmed its interest to re-invest in a minority stake […]

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Etihad, Three Others Bid For Jet Airways, Says SBI Caps As Deadline Ends: 10 Points

May 10, 2019

SBI Capital Markets, a subsidiary of State Bank of India, has received a solicited bid from Etihad Airways and three unsolicited bids for the now-grounded Jet Airways in an ongoing stake sale. The development comes as the deadline for submitting bids under the stake sale ended today at 6:00 pm. Jet Airways’ lenders have taken […]

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Indian technician killed while towing aircraft at Kuwait airport: Report

May 8, 2019

In a freak accident, an Indian aviation technician with Kuwait Airways was killed while towing an aircraft at the company’s base airport, according to a media report on Tuesday. The technical staff member, a native of Thiruvananthapuram, was towing the Boeing 777 aircraft when the tow bar broke, killing him on the spot on Monday. […]

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