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Expedite decision on fresh EOIs: NCLT to Jet Airways lenders

Mumbai, Dec 19 () The NCLT on Thursday directed the Committee of Creditors (CoC) of Jet Airways to …

PTI   


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One of the richest Indian families has its eye on Jet Airways

It seems that Jet’s creditors are counting on a last-minute bid to prevent the airline from going…

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Some employees in India are stepping up with investments to save the company and their jobs

The tables have turned as employees of troubled companies are saving them instead of quickly jumpin…

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A former Jet Airways insider says Naresh Goyal cannot run the airline

India’s oldest private airline, Jet Airways, is on the brink of a collapse, and there is a bitter…

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NCLT approves extension of Jet Airways insolvency resolution period by 90 days

Mumbai, Dec 20 () The National Company Law Tribunal (NCLT) on Friday approved extension of Jet Airw…

PTI   


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One of India’s oldest airlines is now its smallest by fleet size

“As mentioned earlier, the Company is actively engaged with all its aircraft lessors and regul…

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5 mins read

Go First Impact: Market capitalisation of 3 PSU Banks down by ₹7,500 crore as investors fret over their exposure to ailing airline

Low-cost airline Go First’s insolvency proceedings have plunged shares of Central Bank of India, Ba…

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3 mins read

Lenders’ plan to keep Jet Airways' afloat may put Etihad in the cockpit

On one hand, it involves a $450 million capital infusion by cash-poor Jet Airways and its part…

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Taylor Rains   


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India’s flagship airline may be shutting down if divestment bid fails

@capa_india tweeted, On March 28, the Indian government had issued a Preliminary Information …

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Jet Airways is on the brink of collapse. Here are 5 airlines that have gone bust since October.

Founded in 1993, Jet Airways grew to become India's most prominent international airline with a fle…

Benjamin Zhang   


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Goldman Sachs says jet fuel demand will accelerate in 2021, driven by availability of a COVID-19 vaccine by the second-quarter

"We do not believe that jet fuel demand has peaked and see jet as an area of long-term demand growt…

Shalini Nagarajan   


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Not Airlines, but a very different set of people are making the most of low fuel prices, surge in passenger traffic in the aviation sector

While the fuel prices have dropped by nearly 40% since 2014, as per estimated by the International …

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The Chinese stock crash is hurting India in more than one way

Indian shares closed nearly 2 percent lower, falling below a crucial support level, as a panic-indu…

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5 mins read

Private jet industry CEOs say business will boom as the wealthy abandon airlines and reveal what they're doing now to take advantage

Private jet travel offers a more controlled and safe environment that operators are seeking to expa…

Thomas Pallini   


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Jet’s partner Etihad submits a conditional bid for the cash-strapped airline — and wants to remain a minority owner

Jet’s creditors have taken a majority stake in the airline and are selling their equity holding…

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1 min read

Airline shares tumble as global travel restrictions hit investor sentiment

InterGlobe Aviation, the parent of the country's largest airline IndiGo tumbled 10 per cent to Rs …

PTI   


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Bid for Yes Bank: The $15 billion Hinduja Group and a New York-based investor reportedly join hands

The stock of Yes Bank has already lost over 80% of its value in the last one year. Ce…

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4 mins read

Qatar Airways' investment in American Airlines exposes an astounding level of hypocrisy in the airline business

Passengers flying on Qatar Airways transfer onto American Airlines planes once they arrive in the U…

Benjamin Zhang   


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Climate change group recommends banning all frequent flyer reward programs to cut carbon emissions by targeting jet-setters

Environmental activists have also resort to extreme protest measures in recent days, with a demonst…

Alexandra Ma