Jet Airways’ share holders approval resolution plan in EGM
Cash crunched-Budget Carrier Jet Airways, in its extra general meeting (EGM) on 21 February gave approval to the resolution plan for revival of the debt ridden airlines. About 98% of…
Cash crunched-Budget Carrier Jet Airways, in its extra general meeting (EGM) on 21 February gave approval to the resolution plan for revival of the debt ridden airlines. About 98% of…
R Venkataramanan, the managing trustee of TATA Trusts and S Ramadorai, who was former CEO of Tata Consultancy Services(TCS), announced their exit from budget carrier AirAsia India by selling their…
Indian Aviation sector which is mushrooming amid stiff competition registered the slowest passenger growth in the last 4 years.As per the Directorate General of Civil Aviation (DGCA) released report, Year-on-year…
Jet Airways, debt-ridden airline seems to have another lifeline with NIIF (National Investment and Infrastructure Fund) and Etihad (existing investor with 24% stake) investing over ₹3000 crores. However, the investors…
Indian budget airline Jet Airways is now planning to raise ₹2,500 Crore through rights issue. The cash-crunched airline is looking for infusion of some fund and this new plan of…
Lenders consortium led by the State Bank of India (SBI) may become the largest Stakeholder in the cash-crunched, Jet Airways. In a move to give bailout to Naresh Goyal led…
Jet Airways India ltd, the debt ridden airline is hoping for a bailout by the State owned lender, State Bank of India. The bailout plan is one of the last…
Domestic airlines industry is expected to face $1.65-1.90 billion losses in the current fiscal according to CAPA
Domestic banks infused $300 million in debt hit Jet Airways today. After 2 consecutive quarter ended losses, Jet Airways received advanced lease incentives and bank borrowings. For June quarter Jet…
Samsung Galaxy J7 catches fire in the mid-air on a Jet Airways domestic fight bound between Delhi and Indore.