Search Results for: Indigo

Aamir Khan travelling in economy class in Indigo Airlines

Aamir Khan trolled for travelling in economy class! Effect of Thugs of Hindostan, say netizens

A female user said, "He is feeling safe in India now coz of MODI", in an obvious reference to Aamir Khan's 2015 remark on "intolerance" and leaving the country.

Apr 24, 2019

Has Jet Airways bidders' interest nosedived amid loss of flight slots, procedural confusion?

Redistribution of grounded airline's flight slots to rivals, regulatory confusion as top court stays key RBI circular on stressed assets, and threat of bankruptcy proceedings cloud the fate of stake sale.

Apr 23, 2019

Jet Airways lenders may be facing dilemma of writing off 80% dues or losing 100% loans

Lenders may have made a tactical error by not keeping Jet airborne as grounded airline increases the bargaining power of prospective investors and rescue plan delay erodes assets value.

Apr 19, 2019

Jet Airways folding up the Kingfisher way? Here are the strange similarities

Jet Airways registered itself on Bombay Stock Exchange (BSE) in 2004, a year before Kingfisher took off, and launched the IPO in 2005, raising Rs 1,890 crore.

Apr 18, 2019

Jet Airways to temporarily shut operations tonight, last flight at 10.30 pm

The SBI-led lenders' consortium has not been able to find a consensus about the initial fund infusion required to get a rescue plan on the runway.

Apr 17, 2019

Naresh Goyal opts not to bid for acquiring stake in cash-strapped Jet Airways

Civil Aviation Minister Suresh Prabhu tweeted on Tuesday that the ministry will be reviewing the fares, cancellations and other issues related to Jet Airways.

Apr 16, 2019

SpiceJet gains on Jet woes, rising international profile with network expansion

Budget carrier SpiceJet's stock zooms on the third day of gap-up opening as Jet Airways crashes; market expects further upside while lenders dither on rival's recapitalisation.

Apr 16, 2019

Why is only SpiceJet hiring Jet pilots and engineers at steep pay cuts?

Budget airline SpiceJet is gobbling up disgruntled pilots and engineers of stricken Jet at up to 50% salary discount while IndiGo and GoAir are less interested in poaching crew.

Apr 15, 2019

Does Goyal legacy make Jet investment a poisoned chalice for other airlines?

There were reports that Tata Sons, which has major stakes in Vistara and Air Asia India, might be interested in Jet Airways.

Apr 11, 2019

Downfall of Jet Airways: How India's premium airline crumbled

Jet Airways has posted losses in eight of the past 10 years and its share of the domestic passenger market has fallen to about 15.5% in 2018 from 22.5% in 2015. About 60%, or more than $600 mn, has been wiped off Jet's market value over the past year.

Apr 10, 2019

Jet Airways on borrowed time as investors cold to lenders' rescue plan

The SBI-led banks' consortium hints at investment possibility of up to 75% stake in debt-laden Jet while expression of interest is set to close on Wednesday.

Apr 9, 2019

Naresh Goyal quits as Jet Airways chairman, stake slashed to 25%

Ahead of the crucial jet Airways board meeting on Monday, speculation was rife that Goyal would step down, meeting a key demand of prospective rescuers.

Mar 25, 2019

jet airways, jet airways q4 results, jet airways share price, aviation stocks, spicejet share price, spicejet q4 results

Jet Airways pilots say they pawn mothers' jewels to survive without salaries

Etihad has refused to further invest in Jet Airways and it is still uncertain if State Bank of India (SBI), which leads a group of lenders, will be able to figure out a turnaround.

Mar 22, 2019

Nearly 260 Jet Airways pilots appear for SpiceJet interview ahead of April 1 strike

This comes days before the April 1 deadline that the pilots have set to stop flying unless their dues are cleared or a letter of intent is signed saying that their dues will be cleared. The staff — pilots, aircraft engineers and the senior management — is known to have three-months of payment due.

Mar 21, 2019

jet airways, jet airways etihad, emirates, emirates 2017 results, etihad emirates merger, gulf carriers hit by us rules, laptops banned to us flights

Jet Airways in free fall as Etihad pulls out of rescue deal

Jet Airways has been staring at an abyss with more flights getting cancelled every day as lessors ground aircraft over the payment defaults.