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NDTV Explainer: The Challenges India's Aviation Industry Is Facing
In recent developments in the Jet Airways case, the Enforcement Directorate (ED) seized Rs 538 crore worth of properties in an alleged money laundering case linked to Jet Airways (India) Ltd.
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"Will Help Them Save Jet": Vijay Mallya Renews Offer In Cutting Remarks
Fugitive businessman Vijay Mallya, who is being investigated for fraud and money-laundering, said his now-defunct Kingfisher Airlines too could have been bailed out by lenders, similar to what happened with cash-strapped Jet Airways on Monday. He blamed banks for letting "India's finest airline" close its operations seven years ago.
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Founder Naresh Goyal Major Obstacle In Jet Airways Rescue Deal: Report
Naresh Goyal's penchant for control has emerged as a major obstacle as Jet Airways tries to negotiate a rescue deal, people who know him told Reuters
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Five Airlines Owe Rs 664 crore to AAI
Five private carriers, including the grounded Kingfisher, had to pay dues worth over Rs 664 crore to the Airports Authority of India (AAI) at the end of December 2014, the government said today.
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Naresh Goyal Not to Bring Down Holding Below 51%: Jet
Private carrier Jet Airways on Wednesday said its promoter and chairman Naresh Goyal will not dilute his equity stake in the airline below 51 per cent at any time - a comment that comes a day after the disclosure about encumbrance of his entire holding.
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SpiceJet Soars 15% on Hopes of New Investments
SpiceJet shares jumped over 15 per cent on Friday on reports that the ailing carrier may get new investments soon. SpiceJet has a liability of Rs 2,000 crore and it had to ground its operations briefly on Wednesday after oil companies refused supplied pending the clearance of dues.
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SpiceJet Crisis Highlights the Perils of Airline Investing
SpiceJet shares got a big boost last month when billionaire investor Rakesh Jhunjhunwala, who has been constantly accumulating shares in the carrier, bought 7.5 million shares (or 1.40 per cent stake) on November 28. SpiceJet surged 38 per cent in just two trading sessions, nearing a 52-week high, post Mr Jhunjhunwala's share purchase.
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Six Indian Carriers Owe Rs 5,889 Crore to Airports Body, 3 Oil Firms
Six Indian carriers including beleaguered SpiceJet, now-collapsed Kingfisher Airlines and Paramount Airways jointly owe a whopping Rs 5,889 crore to the Airports Authority of India (AAI) and three state-run oil companies, the Rajya Sabha was informed on Tuesday.
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Kingfisher, Jet, SpiceJet Owe About Rs 377 Cr to Airports Authority
Cases have been filed in the Bombay High Court against Kingfisher which has shut operations, Minister of State for Civil Aviation G M Siddeshwara said in reply to a question in the Lok Sabha.
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SpiceJet, Jet Airways Surge on Hopes of Fuel Tax Cut
SpiceJet shares traded with over 10 per cent gains, while Jet Airways jumped 6.6 per cent. Grounded Kingfisher Airlines also traded 5 per cent higher.
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Jet Airways, SpiceJet make part payment of dues to AAI: report
Facing the threat of penal action, SpiceJet and Jet Airways have made part payment of their dues to the Airports Authority of India (AAI), according to official sources.
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Jet, Kingfisher, SpiceJet fly into audit red-flags over 'going concern' claims
As airlines continue to find it tough to generate profits and raise funds, auditors of all three listed carriers -- Jet Airways, Spicejet and Kingfisher have raised red-flags on their 'going concern' status.
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Jet Airways expects Etihad deal closure by year-end
Jet Airways expects to conclude a $334 million stake sale to Abu Dhabi's Etihad by the year-end, the Indian airline said, one day after posting a record quarterly loss.
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Jet, SpiceJet shares fall on quarterly losses
Shares in Jet Airways and its smaller rival SpiceJet saw sharp selling pressure on Monday after the domestic carriers posted quarterly losses on Friday. Jet Airways, India's second carrier by domestic market share, fell as much as 4.5 per cent, while budget carrier SpiceJet slumped over 6.5 per cent.
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Foreign airlines keen on entering India: Ajit Singh
With the government allowing foreign airlines to invest in Indian carriers, "it is clear that foreign airlines have realised the growth possibilities of the Indian aviation sector and are keenly interested", he said.
-
NDTV Explainer: The Challenges India's Aviation Industry Is Facing
In recent developments in the Jet Airways case, the Enforcement Directorate (ED) seized Rs 538 crore worth of properties in an alleged money laundering case linked to Jet Airways (India) Ltd.
-
"Will Help Them Save Jet": Vijay Mallya Renews Offer In Cutting Remarks
Fugitive businessman Vijay Mallya, who is being investigated for fraud and money-laundering, said his now-defunct Kingfisher Airlines too could have been bailed out by lenders, similar to what happened with cash-strapped Jet Airways on Monday. He blamed banks for letting "India's finest airline" close its operations seven years ago.
-
Founder Naresh Goyal Major Obstacle In Jet Airways Rescue Deal: Report
Naresh Goyal's penchant for control has emerged as a major obstacle as Jet Airways tries to negotiate a rescue deal, people who know him told Reuters
-
Five Airlines Owe Rs 664 crore to AAI
Five private carriers, including the grounded Kingfisher, had to pay dues worth over Rs 664 crore to the Airports Authority of India (AAI) at the end of December 2014, the government said today.
-
Naresh Goyal Not to Bring Down Holding Below 51%: Jet
Private carrier Jet Airways on Wednesday said its promoter and chairman Naresh Goyal will not dilute his equity stake in the airline below 51 per cent at any time - a comment that comes a day after the disclosure about encumbrance of his entire holding.
-
SpiceJet Soars 15% on Hopes of New Investments
SpiceJet shares jumped over 15 per cent on Friday on reports that the ailing carrier may get new investments soon. SpiceJet has a liability of Rs 2,000 crore and it had to ground its operations briefly on Wednesday after oil companies refused supplied pending the clearance of dues.
-
SpiceJet Crisis Highlights the Perils of Airline Investing
SpiceJet shares got a big boost last month when billionaire investor Rakesh Jhunjhunwala, who has been constantly accumulating shares in the carrier, bought 7.5 million shares (or 1.40 per cent stake) on November 28. SpiceJet surged 38 per cent in just two trading sessions, nearing a 52-week high, post Mr Jhunjhunwala's share purchase.
-
Six Indian Carriers Owe Rs 5,889 Crore to Airports Body, 3 Oil Firms
Six Indian carriers including beleaguered SpiceJet, now-collapsed Kingfisher Airlines and Paramount Airways jointly owe a whopping Rs 5,889 crore to the Airports Authority of India (AAI) and three state-run oil companies, the Rajya Sabha was informed on Tuesday.
-
Kingfisher, Jet, SpiceJet Owe About Rs 377 Cr to Airports Authority
Cases have been filed in the Bombay High Court against Kingfisher which has shut operations, Minister of State for Civil Aviation G M Siddeshwara said in reply to a question in the Lok Sabha.
-
SpiceJet, Jet Airways Surge on Hopes of Fuel Tax Cut
SpiceJet shares traded with over 10 per cent gains, while Jet Airways jumped 6.6 per cent. Grounded Kingfisher Airlines also traded 5 per cent higher.
-
Jet Airways, SpiceJet make part payment of dues to AAI: report
Facing the threat of penal action, SpiceJet and Jet Airways have made part payment of their dues to the Airports Authority of India (AAI), according to official sources.
-
Jet, Kingfisher, SpiceJet fly into audit red-flags over 'going concern' claims
As airlines continue to find it tough to generate profits and raise funds, auditors of all three listed carriers -- Jet Airways, Spicejet and Kingfisher have raised red-flags on their 'going concern' status.
-
Jet Airways expects Etihad deal closure by year-end
Jet Airways expects to conclude a $334 million stake sale to Abu Dhabi's Etihad by the year-end, the Indian airline said, one day after posting a record quarterly loss.
-
Jet, SpiceJet shares fall on quarterly losses
Shares in Jet Airways and its smaller rival SpiceJet saw sharp selling pressure on Monday after the domestic carriers posted quarterly losses on Friday. Jet Airways, India's second carrier by domestic market share, fell as much as 4.5 per cent, while budget carrier SpiceJet slumped over 6.5 per cent.
-
Foreign airlines keen on entering India: Ajit Singh
With the government allowing foreign airlines to invest in Indian carriers, "it is clear that foreign airlines have realised the growth possibilities of the Indian aviation sector and are keenly interested", he said.
