In its latest order on March 12, the appellate tribunal instructed the lenders, led by the State Bank of India, to complete the ownership transfer within 90 days.
Aviation industry veterans like Vinay Dube and Aditya Ghosh are leading Akasa, which aims to have 72 Boeing 737 MAX aircraft over five years
Around 800-900 flights of India’s largest domestic airline were delayed on Friday as employees called in sick amid recruitment drives at rival airlines Air India, Jet Airways, and Akasa Air.
Shares of IndiGo and SpiceJet rose over 2% in early trade on Wednesday after jet fuel prices were cut by 1.3%.
Jet Airways shares hit 5% upper circuit for the second straight session, as the airline received security clearance from the home ministry after a successful test flight last week.
Sanjiv Kapoor, a former senior executive at Vistara and SpiceJet, has been appointed as the CEO for the revival of low fare carrier, Jet Airways.
Setting up an airline in a downturn may make sense but getting an airline up and running in India is likely to be easier said than done. Here’s why.
‘Big bull’ Rakesh Jhunjhunwala’s foray into aviation may just be the beginning of new entrants into the industry.
When the National Company Law Tribunal approved the revival of the erstwhile Jet Airways, a new chapter in India’s aviation sector got scripted. But will the airline fly again?
While the Jet 2.0 programme is aimed at reviving the past glory of Jet Airways, the airline's new investors need to have the appetite for losses and commitment to investing top dollar. Will they?
