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JET AIRWAYS COLLAPSE
Middle East conflict fuels airline bankruptcy risks, more mergers likely: IATASoaring jet fuel prices due to Middle East conflict are pushing budget airlines towards bankruptcy and industry consolidation, according to...- Global airline chiefs to confront Iran war fuel shock at industry summitAirline leaders meet in Rio de Janeiro facing a major industry crisis. The Iran war is increasing jet fuel costs and disrupting flights. Th...
- No, the Iran war won’t ground your European holiday flightA commentary on the US-Iran conflict says European summer flights are unlikely to face major disruptions for now, despite earlier fears ove...
- Delhi HC dismisses SpiceJet and its promoter Ajay Singh's review plea in case against Maran-Kal AirwaysThe Delhi High Court dealt a blow to SpiceJet and its founder Ajay Singh by rejecting their review petitions, accompanied by a cost penalty...
- Frontier Airlines offers flight tickets discounts, stocks soar after Spirit Airlines announced shutting downFrontier Airlines announced systemwide discounts and plans to add summer routes.
- Spirit Airlines stock just shocked the market, jumped over 130% while airline stocks fall: is Spirit Aviation Holdings (FLYYQ) a real comeback or bailout-driven spike?Spirit Airlines stock just shocked the market. It jumped over 130% in one session. Shares of Spirit Aviation Holdings Inc. (FLYYQ) surged n...
- 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...
- Jet Airways' pilots, cabin crew exit amid takeoff uncertainty, says reportAccording to a report by CNBC-TV18, the vice president of in-flight service of the airline has been sent on leave, while the pay of CEO San...
- Jet investor Fritsch's property raided in LiechtensteinPolice investigators in the small Alpine principality are evaluating the confiscated evidence from the raids conducted on Oct. 26, Liechten...
- Jet Airways collapse was a reflection of challenging environment in India: IATAThe full-service carrier, which flew for nearly 26 years, suspended flights on April 17 last year after running out of cash for its daily o...
- Vijay Mallya repeats offer of 100 percent payback for Indian bankshe 63-year-old former Kingfisher Airlines (KFA) boss is currently appealing against his extradition order from the UK to India to face char...
- Grounding of Jet Airways seems a scam: Anand SharmaWeighed down by huge debt and falling revenue, Jet Airways recently announced suspension of its entire operations, leaving thousands of emp...
- Lenders mulling plan to take over Jet Airways, sell it after revivalTatas could be interested in acquiring airline if Naresh Goyal exits completely, say sources.
- Lenders trying to revive Jet Airways by management change: SourceA source said banks are trying to work out a revival plan for Jet Airways through a change in management.
- Beleaguered Jet Airways may get a Rs 600 crore emergency loanBanks, led by SBI, plan to provide the funds against shares pledged by Jet Airway's founder and Chairman Naresh Goyal and partner Etihad Ai...
- Jet Airways signs MoU with SBI, seeks govt nod for open offer exemptionSBI may convert its debt to equity which will be worth almost a 15% stake in Jet Airways.
- Jet Airways said to weigh a restart of bailout talks with Tata GroupWith Jet set to run out of cash in about a month, the carrier is now looking to restart talks with Tata Group.
- Jet, Sahara hearing resumes before Bombay HCThe Bombay High Court on Thursday began hearing arguments on whether it has the jurisdiction to adjudicate on a dispute between Jet Airways...
- No plans to acquire any airline: JetSmarting from a failed bid to takeover Air Sahara, market leader Jet Airways today said it had no plans to acquire any other airline and pr...
- Air Sahara resumes operationsThe Sahara group resumed charge of Air Sahara from midnight last night and started normal operations.
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