The State Bank, which is the lead banker to the airlines' over Rs 8,000 crore loans, has mandated EY to conduct the forensic audit of its books, which has already began the process, the sources added. Credit: IndiaTimes - Published
Rising dominance of budget carrier IndiGo as well as high oil prices, hefty fuel taxes and a weak rupee left Jet Airways strapped for cash and unable to pay employees and lessors on time. Credit: Firstpost - Published Also reported by •Reuters •Reuters India
A passenger is suing British Airways, claiming he suffered injury and loss of earnings from being placed beside an obese passenger on a 12-hour flight. 51-year-old Stephen Prosser from South Wales told..
It is a well known steretype that billionaires, CEOs, celebrities, and world leaders use private jets to travel. Recently Business Insider looked inside private jets to see how fancy they actually are...
The reason why Jet Airways promoter approached NRI billionaire Yusuffali is that the latter is not new to aviation and both the businessmen have very strong ties in and with the Gulf. Jet has, for.. Credit: IndiaTimes - Published
India's indebted Jet Airways Ltd told its pilot union on Thursday it will clear all salary dues by April and has given them a schedule outlining when the payments will be made, according to a source.. Credit: Reuters India - Published
Cash crunched Jet Airways has sought a soft financing of $350 million from its investment partner Etihad Airways, as it continues to hold discussions with the latter to offload additional stake in the.. Credit: Firstpost - Published
DGCA is monitoring on a daily basis the performance of Boeing 737 MAX aircraft apart from putting in place various measures to ensure there are no safety issues with these planes Credit: Firstpost - Published
Jet Airways Ltd and second-largest shareholder Etihad Airways have been holding rescue talks with bankers of the indebted Indian carrier, three people aware of the matter told Reuters on Wednesday. Credit: Reuters India - Published
Abu Dhabi-based Etihad Airways, the second largest shareholder of Jet Airways Ltd, is holding talks with the debt-laden Indian carrier and its bankers on a rescue plan, two sources aware of the matter.. Credit: Reuters India - Published
Executives from Etihad and Jet have met some of the airline's bankers in Mumbai in recent days to discuss ways to address its cash flow issues and evaluate the carrier's future business plan, the.. Credit: IndiaTimes - Published Also reported by •Firstpost
Cash stripped airline Jet Airways promised to its employees that it would clear all their dues. Jet Airways said that all outstanding salary arrears will be cleared on priority by April, 1 2019. Credit: DNA - Published