Business
Aviation News
Boeing’s earnings slide in the face of uncertainty
The aviation giant was uncharacteristically uncertain about its financial future Wednesday. While announcing its worst quarterly results in years, Boeing said that it would not provide its customary full-year sales and profit forecast.
Jet Airways employees take out silent march at Kolkata airport, appeal to Centre
According to the employees, airport operators will lose parking and airport landing charges and other rental revenues from Jet Airways. These charges will have an impact on the pricing of the air tickets in future.
Delhi HC adjourns plea seeking relief to Jet Airways passengers till May 1
After months of uncertainty, Jet Airways announced a temporary suspension of its operations on April 17 as it failed to receive emergency funds from lenders.
Vistara tenders apology to G D Bakshi over tweet controversy
The full-service carrier, on Sunday, tweeted a photo saying it was honoured to have Bakshi onboard. The tweet attracted criticism, with many citing allegedly controversial comments made by him on various occasions.
RBI mops up $5 billion in second forex swap auction
RBI to conduct purchase of g-secs under Open Market Operations for an aggregate amount of Rs 12,500 cr on May 2.
Ministry says Jet’s slot allocation to others temporary
“To reduce inconvenience of passengers and facilitate induction of additional capacity, it has been decided to allot some of the slots vacated by Jet to other airlines purely on a temporary basis, for a period of three months,” the ministry said in a statement.
Air India grounds 4 B-777s for lack of funds, looks to lease five of Jet’s
“There are 19 aircraft grounded and these include Boeing 777, Boeing 787, Boeing 747 and Airbus A320s. Some of these aircraft are expected to be back in service by August,” the official said.
Air India Express mulls leasing some Jet Airways’ Boeing 737s
Air India Express parent, Air India, is already discussing a proposal to lease five of Jet Airways wide-body planes, Boeing 777s.
Jet Airways employees seek President’s intervention for salary dues, emergency funds to airline
Cash-starved Jet Airways, which has around 23,000 employees, has delayed payment of salaries to the employees, including pilots.
As aviation sector bleeds, Reliance looks at Jet Airways and Air India
Reliance is not among the parties that submitted an Expression of Interest (EoI) to the lenders for acquiring Jet Airways. One source, who did not wish to be identified, said it may join UAE-headquartered Etihad Airways in its bid at a later date
SpiceJet hires 100 pilots, 400 cabin and technical staff from Jet Airways
According to sources, a number of pilots and cabin attendants that have joined low-cost carriers like SpiceJet and IndiGo at a significant pay cut.
