Tag: Jet Airways

Mumbai: Jet Airways Tuesday said its CEO Vinay Dube has resigned from the company due to personal reasons. This is the second high profile exit in as many days at the grounded Jet Airways after Deputy CEO Amit Agarwal put in his papers on Monday. In a filing to stock exchanges, the airline said Dube […]

New Delhi: Seeking to fill the void created by Jet Airways’ suspension of operations and peak summer travel demand, state-run Air India has added capacity on the busy Delhi-Dubai, Mumbai-Dubai and Delhi-Mumbai sectors. India-Dubai is considered one of the most lucrative sectors as demand is always very high on the route due to high business […]

New Delhi: It may not be over till it is over. Even as some industry veterans believe that grounded Jet Airways may have hit the end of the road, State Bank of India (SBI) Chairman Rajnish Kumar remains optimistic that clarity over the future course of the airline will emerge in a week’s time. “Various options […]

New Delhi: Budget airline SpiceJet on Sunday said it has added a new Boeing 737 aircraft to its fleet, taking its total strength to 100 aircraft. SpiceJet is the fourth domestic airline to have 100 aircraft in its fleet, after Air India, IndiGo, and the now grounded Jet Airways. Its fleet now comprises of 68 […]

New Delhi: In what could make Air India sale an uphill task for the government, the national carrier could report highest-ever loss of over Rs 7,600 crore in financial year 2018-19 on account of low fleet utilization and high fuel prices among others. An official source said the total revenue in the previous fiscal stood […]

Mumbai: State Bank of India-led consortium of lenders Monday decided to send the grounded Jet Airways to the National Company Law of Tribunal (NCLT) as they have not yet received any concrete proposal for the airline. The decision was taken after a meeting of the lenders. “After due deliberations, the lenders have decided to seek […]

Mumbai: Jet Airways Thursday became the first domestic airliner to go into bankruptcy as the NCLT admitted an insolvency petition filed by State Bank on behalf of 26 lenders, sending its share price soaring a whopping 150 percent after having plumbed life-lows for many days. While SBI made a claim of Rs 967 crore from […]