Race on to fill void left by crashed Jet Airways

Former partners and rivals of Jet Airways Ltd are launching replacement routes and looking for new code share partners as they scramble to fill a lucrative gap left by the collapse of the India’s once-largest international airline. Continue Reading

Jet deputy CEO and CFO Amit Agarwal quits

Grounded carrier Jet Airways’ deputy chief executive and chief financial officer (CFO) Amit Agarwal has resigned, the airline said today. Agarwal’s resignation is effective from 13 May, it said. Continue Reading

Etihad eyes minority stake in Jet Airways

However, he added that Etihad “cannot be expected to be the sole investor’ and ‘additional suitable investors would need to provide the majority of Jet Airways’ required recapitalisation”. Continue Reading

Air India comes to the rescue of Jet’s stranded int’l passengers

While government-run Air India has offered to help stranded international passengers, international airlines lobby IATA suspended membership of the grounded airlines in its clearing house system. Continue Reading

Jet might down shutters temporarily as lenders defer decision on funds

The possibility of Jet Airways shutting down temporarily came to light when chief executive Vinay Dube in an internal communication has said the lenders could not decide on the emergency funding and that the board of the airline will meet today to take a call on the future. Continue Reading

I quit for the sake of my family of 22,000 employees: Naresh Goyal

Goyal, along with his wife Anita and Etihad Airways PJSC’s nominee director Kevin Knight, have stepped down from the board of the ailing airline, which will also receive an immediate funding of Rs 1,500 crore…. Continue Reading

IndiGo poaches over 100 Boeing pilots, most from Jet

Reports have stated that it would take six months to train the Boeing pilots so that they could fly A320s, an aircraft type IndiGo operates. In addition, the carrier has already hired about 130 expatriate pilots from all over the world. Continue Reading

Jet pledges FDs worth Rs 1.5K crore to borrow cash from SBI

The airline decided to borrow against the FDs rather than redeem them because the deposits continue to earn a higher interest than what Jet has to pay to SBI, the Mint reported, a person to have said. Continue Reading