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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...
- 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...
- Amazon strikes deal with USPS that maintains 80% of package volumeUSPS has a roughly $80 billion budget, and Amazon represented $6 billion in annual revenue to the agency, according to two people familiar...
- 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...
- Pak flag carrier PIA lays off nearly 1,000 surplus employeesPakistan International Airlines has laid off nearly a thousand redundant staff in order to reduce the operational cost and increase revenue
- Lenders discussing ways to revive Jet Airways; fund infusion likely soonAmid acute financial crunch crippling its operations, Jet Airways management is awaiting clarity on receiving fresh funds after which a dec...
- Jet stock flies high, up 3% on revival stepsThe stock traded 1.05 per cent up at Rs 309 around 10.30 am after climbing 3% earlier.
- India pipped China in air travel demand for January '15: IATAStarting December cash-strapped SpiceJet cut massive capacity which led to a decline in seats offered in the market and a rise in average o...
- 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...
- DGCA to ask for more details from Kingfisher Airlines on its financesCivil Aviation Minister Ajit Singh today said the cash-strapped carrier's parent firm UB Group has not disclosed anything regarding funding.
- SBI says it is not for winding up of Kingfisher AirlinesSBI, the lead lender to Kingfisher Airlines, today said it is not for shutting down of the cash-strapped carrier.
- 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.
- FDI in Aviation: More talks before foreign airlines get to 49% hold in local carriersMinistry planning another round of consultation on the proposal to allow foreign airlines to invest up to 49% in the aviation sector.
- BPCL, Indian Oil to resume jet fuel supplies to cash-strapped carrier Air IndiaEarlier the oil cos threatened to stop fuel supplies to AI after the cash-strapped national carrier repeatedly defaulted on payment of fuel...
- Cabinet to decide on Air India's future: Praful PatelThe government would take a call on the future of ailing Air India, which plans to raise its working capital by Rs 1,000 crore in the near ...
- Govt asks FinMin, Petroleum Min to lend support to AIGovt has asked Finance Ministry to critically examine the "extent of assistance" to be given to the national carrier and the Petroleum Mini...
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