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Pakistan extends deadline to bid for national airline to June 19Pakistan has extended the deadline for bids to buy Pakistan International Airlines. The new deadline is June 19. The government wants to se...- NCLAT allows Dutch court administrator to attend Jet Airways CoC meetingsA three member NCLAT bench said that the Dutch administrator would be part of the CoC meeting and would be given minutes of the meetings.
- 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...
- 1,100 Jet Airways pilots decide not to fly from Monday: National Aviator's GuildThe pilots along with engineers and senior management have not received salaries since January.
- How a building in Mumbai is helping Air India stay afloatThough government failed to find a single bidder for the debt-ridden national carrier, each floor of the 23-floors Air India tower is a cas...
- Spicejet surges over 10%, denies selling parking slotsShares of debt-ridden Spicejet surged over 8 per cent in trade following reports that gulf carrier Qatar Airways is likely to invest in the...
- Kingfisher Airlines unlikely to bounce back post license suspension: Aviation expertsExpert said that unless both the promoters of Kingfisher infuse equity of around $600-650 mn, no foreign carrier is expected to invest in i...
- Many interested in investing in Kingfisher: MallyaKingfisher promoter Vijay Mallya today said many have expressed interest in investing in his debt-ridden airline.
- Air India mulling to import jet fuel directlyAir India is mulling direct import of jet fuel as costs have soared by about 40 per cent in the 11 months of the current financial year, de...
- Budget 2012: Cash-strapped aviation sector expects changes in FDI policy & tax sopsBudget 2012 may bring some good news for ailing Air India with the government likely to consider a support package of about Rs 10,000 crore.
- Air India debt restructuring to put Rs 2,000 cr burden on 14 lendersAir India's debt restructuring will impose a burden of Rs 2,000 crore on the consortium of 14 lenders, said a senior finance ministry offic...
- GoM to meet tomorrow to review Air India's turnaround plansThis would be the first GoM meeting to be attended by Civil Aviation Minister Ajit Singh, who took over the mantle of the Ministry only a m...
- Service Tax Dept freezes AI bank accounts againThe Service Tax Department has once again frozen the bank accounts of the national carrier Air India for non-payment of dues running into a...
- Service Tax department freezes Air India bank accounts again for non payment of duesThe Service Tax Department has once again frozen the bank accounts of the national carrier Air India for non-payment of dues running into a...
- Govt defends state-run banks' exposure to Kingfisher AirlinesThe government defended state-run lenders' exposure to Kingfisher Airlines and said that loans worth Rs 6,419 crore to the carrier were not...
- PSU banks bear brunt for reviving KingfisherEleven PSU banks, which were alloted shares as part of debt recast package, have seen erosion of about 165 crore in the value of the 17.5% ...
- SBI Caps expects to close AI debt recast plan by Jan-endSBI Caps expects to close the much-awaited debt restructuring plan of the loss-laden national carrier Air India later this month or early F...
- Air India likely to get Rs 2,000-cr boosterDebt-ridden Air India is likely to get a fresh lease of life as the Civil aviation ministry has recommended an infusion of Rs 2,000 crore i...
- DIPP against foreign airlines buying stake in Indian carriersThe industry ministry is not in favour of allowing foreign airlines to buy stake in Indian carriers on the ground that the sector is sensit...
- DIPP against foreign airlines buying stake in Indian carriersThe industry ministry is not in favour of allowing foreign airlines to buy stake in Indian carriers on the ground that the sector is sensit...
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