Wadias’ family fight
The tussle between Nusli and Jeh Wadia can further blunt the group’s competitive edge.
goair
October 2021
September 2021
April 2020
June 2019
August 2018
June 2018
Go First gets ₹2000 cr from Wadias to skirt pre-IPO
The low-cost carrier received an influx of fresh capital from the Wadia family to meet expenses, albeit the bitter aftertaste of Jehangir Wadia’s controversial exit is still palpable.
No salary cuts at IndiGo
With free cash reserves of over ₹9,000 crore, the airline has decided to pay heed to the government’s wish of not reducing pay for employees during the lockdown; it had announced pay cuts earlier.
Jet Airways in search of a new flight path
Apart from the billions of dollars needed to resurrect the beleaguered airline, its re-entry into the low-cost carrier-dominated Indian aviation market is viewed with scepticism.
GoAir goes global from October
At the launch of its international operations, GoAir CEO Cornelis Vrieswijk says in light of rising crude prices and currency depreciation, only airlines that can control costs will survive.
Sector Scan: The skies are turning red again
In 2014, the last time fuel prices were this high, a large airline was brought to the brink of a shutdown. Airlines are bleeding cash once again and the focus is sharply back on cutting costs.
Vistara, AirAsia roll out offers to woo air travellers
Airlines are offering huge discounts to boost revenues despite higher fuel costs and a weakening rupee.
