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AILING AIRLINE
Jet employees' union opposes allocation of slots to other airlinesJet Airways' lenders have invited bids for selling stake in the ailing airline and the final bidders are likely to known by second week of ...- Have agreed to every condition laid down by Jet Airways' lenders: Naresh GoyalThe crisis-hit carrier is set to undergo a debt resolution whereby lenders will take control and also infuse funds worth Rs 1,500 crore.
- Pak govt approves Rs 1,700 crore bailout package to keep PIA afloatIt is the first bailout package approved by the government of Prime Minister Imran Khan, who is also the minister in charge of the Aviation...
- Air India holds board meeting amid bailout talks: SourcesDetails about discussions at the board meeting could not be immediately ascertained.
- Pakistan plans privatisation of PIA as part of deal with IMFPakistan will privatise PIA, its loss-making national carrier as part of a deal with the IMF which is pushing the country to get rid of the...
- Finance ministry comes to the rescue of Indian airlinesThe meeting assumes significance as the airline industry is increasingly looking at the PMO and the finance ministry for resolution of thei...
- Marans' goodbye to SpiceJet is a 'good buy' for Ajay Singh: ExpertsFormer SpiceJet co-promoter Ajay Singh's decision to acquire the ailing carrier from Maran family is a "good buy" said it also bodes well f...
- Delhi High Court rejects ICPA plea on only erstwhile Air India pilots flying advanced Boeing 777 planesThe order came on a plea by erstwhile Indian Airlines pilots challenging AIL management's decision to train only erstwhile AI pilots to fly...
- Kingfisher Airlines' lenders to meet soon to decide future courseKingfisher's bankers, which have over Rs 7,500 cr locked in the ailing airline, will soon meet to chart out the future course of action, sa...
- Kingfisher Airlines settles GMR dues, warrants against Vijay Mallya withdrawnThe ailing airline Kingfisher Airlines has on Wednesday cleared the Rs 10.5 crore of dues to GMR, the owner of Hyderabad International Airp...
- Government won't allow Kingfisher Airlines to fly planes if safety rules are not met: Ajit SinghSingh said the civil aviation regulator will meet Kingfisher executives on Tuesday. He said the airline had cancelled all its flights thus ...
- Kingfisher Airlines to layoff staff members?The drastic step comes in lieu of Kingfisher's operational fleet being reduced to 16 planes. The current employee strength of the ailing ai...
- Kingfisher Airlines promoter Vijay Mallya meets civil aviation minister Ajit SinghKingfisher Airlines promoter Vijay Mallya met civil aviation minister Ajit Singh to apprise him of the ailing airline's problems.
- Tax body to drag Vijay Mallya to court, cites 76 crore duesCBEC has taken a legal opinion to drag the owner of the ailing airline to court, and seek his prosecution for failure to clear Rs 76 crore ...
- Privilege committee to probe misbehaviour by airline employeesBihar Speaker Uday Narayan Chaudhary today asked the Privilege Committee to probe the alleged misbehaviour by some employees of a private a...
- HPCL stops jet fuel supply to Kingfisher AirlinesIn fresh trouble for Kingfisher Airlines, state-owned Hindustan petroleum stopped jet fuel supplies to the ailing carrier due to non-paymen...
- Kingfisher Airlines in default, a non-performing asset: SBIKingfisher has an outstanding loan of around Rs 6,419 cr and banks have indicated that there are no plans to carry out a second round of de...
- Ailing Japan Airlines requests govt bailoutJapan Airlines, Asia's largest carrier, said on Thursday that it was seeking a public bailout to survive the economic downturn, but the gov...
- IBS forays into Russian marketIBS Software, has made a foray into the Russian airline sector, signing up with S7 Cargo for implementing IBS' new-generation cargo managem...
- Govt likely to bail out ailing airlinesLoss-making domestic airlines can hope to finally get some relief from the government.
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