From ModiLuft to Kingfisher to Jet: A look at airlines that couldn’t fly high for long in IndiaGo First filing for insolvency proceedings before NCLT is only the latest incident of an aviation company fighting for survival. Aviation c...
History of India's private airlines dotted with high-profile take-off and crash landingThe list of failed airlines in India is quite long - full service or low-cost - and the major reason was financial crunch due to various fa...
SpiceJet's Ajay Singh in talks with Middle Eastern carrier, Indian co for partial stake saleSpiceJet promoter Ajay Singh is exploring a partial stake sale in the cash-strapped carrier and is in talks with a Middle Eastern carrier a...
With Jet about to go under, here are the airlines that went before itEverything now hinges on the today's fateful meeting of the board of directors of the sinking airline.
Lufthansa says starting local airline in India a 'misadventure'At least 43 businesses have applied to Indian regulators in the past two years to start some form of passenger air transport service.
Jubilant FoodWorks CEO Ajay Kaul resigns“Kaul has stepped down to evaluate and pursue opportunities outside the Jubilant Bhartia group,” the statement announcing Kaul’s resignatio...
Return Flight: Parvez Damania visits grounded Air PegasusDamania last month visited grounded southern regional carrier Air Pegasus which has been struggling for funds, delaying payments and trying...
Co-founder Ajay Singh may be SpiceJet’s white knightThe man who’s said to have coined the catchy fiveword slogan that launched Narendra Modi’s general election campaign is now playing a key r...
SpiceJet has a history of fight for survivalSpiceJet traces its lineage to a JV formed by the S K Modi Group and Lufthansa back in 1990s.
Kingfisher First: Banks staring at Rs 6000-crore writeoff on loans to debt-ridden airlinesLenders are reconciling to the fact that chances of an equity investor coming forward is remote while the airline's troubles are rising.
- Airlines that went bust in past two decades
There were quite a few airlines that faced turbulence before shutting down. ET lists the airlines that went bust in the past two decades:
Kingfisher Airlines stares at a prolonged shutdown as talks with staff failKFA is staring at a shutdown, as it told its employees that it cannot clear immediately the salary backlog of more than six months.
- Rules were tweaked to halt Tatas entry into aviation
In a bid to keep the Tatas out of aviation space, successive govts had changed rules of aviation game every now and then, just to justify e...
- Air sickness: New airlines wait for takeoff
Newbies to get permission only after the ministry is convinced that the cos have sound financials.
- Tatas to pick up under 10% stake in SpiceJet
The Tata group is making an indirect entry into the domestic airline business as a financial investor.
- Surprise checks on airline balance sheets
Soon the government will be the auditor for aviation companies.
- Patel tells airlines to go slow, new plans to face scrutiny
Mounting losses of airline companies - estimated to touch Rs 2,200 crore this year - has forced civil aviation minister Praful Patel to cau...