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CASH STRAPPED AIRLINE
SpiceJet funding crunch delays pilot pay, messages show, as it seeks state-backed loanSpiceJet is delaying pilot salaries since March, seeking an emergency government loan to stabilize operations amid rising fuel costs and re...- Sunbird Dispute: HC asks SpiceJet to disclose its assetsSpiceJet must reveal its assets to Sunbird France. The lessor seeks payment for unpaid lease rentals and engine maintenance. A UK court ord...
- Sunbird takes SpiceJet to HC over $8 million unpaid lease duesSunbird France has approached the Delhi High Court to enforce a UK court order. The order directs SpiceJet to pay approximately $8 million ...
- SpiceJet seeks Supreme Court approval to submit land title as securitySpiceJet has challenged the Delhi High Court's May 4 and March 18 orders rejecting its request to furnish an unencumbered plot of land in G...
- Trump likes the idea of government owning some US companies but took a pass on Spirit AirlinesPresident Trump showed interest in government taking over companies like Spirit Airlines. He saw these moves as financial wins and a way to...
- Centre offers to bail out airlines with Rs 4,000-crore loanIndia plans a ₹4,000 crore emergency credit scheme for airlines, offering sovereign guarantees of up to ₹1,000 crore per carrier to ease st...
- Maran case: SpiceJet asks for more time to deposit Rs 144 crSpiceJet faces a critical juncture. The airline informed the Delhi High Court that an immediate Rs 144 crore deposit in a dispute with Kala...
- UK court orders SpiceJet to pay $8 million to engine lessor over unpaid duesA UK judiciary has ruled that SpiceJet owes Sunbird France 02 SAS nearly $8 million for missed rent and upkeep on three aircraft engines. T...
- Go First creditors approve Rs 425 cr interim fund to revive airline, await board nodCreditors of cash-strapped airlines Go First have approved interim finance of Rs 425 crore aimed at reviving the airline. While an in-princ...
- Pakistan leases out iconic Roosevelt Hotel in New York to NYC Administration for three years; aims to generate$220 millionPakistan has leased the Roosevelt Hotel, in New York, for three years to the city administration at a cost of $220m, which will provide acc...
- DGCA reviewing airfare hike on specific routes; advises airlines to increase flightsThe DGCA held a meeting on Tuesday to discuss the upward spiral in airfares as Jet Airways continues to ground its aircraft and cancel a si...
- In cost-cutting mode, Air India targets cheese for premium passengersThis is part of an elaborate cost-cutting exercise that the Maharaja has embarked on as expenses mount.
- Jet Airways gains for second session post ATF price cutShares of airline company Jet Airways surged higher for the second straight session after the oil marketing companies slashed aviation turb...
- Spicejet, Jet Airways rally over 7% each as OMCs slash ATF pricesShares of airline companies such as Spicejet and Jet Airways surged in trade, after the oil marketing companies announced cut in ATF.
- Kingfisher Airlines seek closure of cash-strapped carrierEmployees of the airline's maintenance and ground support departments, have also decided to submit a memorandum to the ministries of corpor...
- Jet fuel prices cut by 3 per centJet fuel prices were today cut by 3% on back of rising rupee, the second reduction in rates this month that will ease burden on cash-strapp...
- Jet fuel price up 3.2pc; puts burden on cash-strapped airlinesATF price was today hiked by over 3.2 pc, the third straight increase since July, adding to the burden of cash-strapped airlines.
- Oil companies like IOC, Hindustan Petroleum, Bharat Petroleum cut jet fuel prices by 2%In the second major relief to cash-strapped airlines this month, jet fuel (ATF) prices were today cut by about 2 per cent.
- Finance Ministry for foreign carriers investing in domestic airlines"The ministry has given its approval to the proposal to allow foreign airlines to hold up to 49 stake in Indian carriers," an official said.
- Direct import of fuel to help cash-strapped airlines, feel industry bodiesWelcoming govt notification allowing direct import of aviation turbine fuel, industry bodies CII and FICCI said the move would help cash-st...
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