Indian carrier Jet Airways has announced that it will be reopening its expression of interest (EOI) process in a move to potentially attract new investors. After ceasing operations this past April, the insolvency process for the airline saw the reassignment of its slots to other carriers and the repossession of its fleet by lessors and banks. Still, as of July, the carrier claims that it has just 12 aircraft in its fleet. This will be another attempt to attract investors…
India is undoubtedly a large and growing aviation market. A liberalized approach to aviation and the country’s strengthened economic position in the world has helped it become one of the fastest-growing markets, doubling in the past seven years. This fast-paced growth is expected to continue as more and more of…
India is undoubtedly a large and growing aviation market. A liberalized approach to aviation and the country’s strengthened economic position in the world has helped it become one of the fastest-growing markets, doubling in the past seven years. This fast-paced growth is expected to continue as more and more of…
India is undoubtedly a large and growing aviation market. A liberalized approach to aviation and the country’s strengthened economic position in the world has helped it become one of the fastest-growing markets, doubling in the past seven years. This fast-paced growth is expected to continue as more and more of…
The dust really hasn’t settled for Jet Airways. The former carrier spent a considerable portion of the past few years in death throes until it was finally grounded this past April. The airline was doing nothing but burning cash at an alarming rate concerning investors such as Etihad and various…
In the continued gutting of Jet Airways, it has now been announced that Indian carrier Vistara will be leasing four Boeing 737-800 aircraft that originally belonged to Jet Airways. This is an attempt to grow the airline which currently has a five percent market share in India and also make…
Just over a month ago, India's Jet Airways ceased all flights after running out of the funds necessary to continue operating. That shutdown had effects across the airline's route network. While that network did include destinations as far as North America and various others across Europe, a seemingly disproportionate amount…
A comeback for Jet Airways looks even more unlikely as two of the carrier's top executives announced their resignations on Tuesday. First, chief executive Vinay Dube resigned citing personal reasons. Then, chief financial officer and deputy chief executive Amit Agarwal announced his resignation citing personal reasons as well. The resignations,…
With the grounding of Jet Airways in mid-April, other Indian airlines have begun circling trying to get a piece of what remains of the carcass. In order to maintain current levels of capacity, the Indian aviation ministry is granting airlines such as SpiceJet and IndiGo many of Jet’s highly-coveted slots…
The Indian aviation market faces more turmoil as state-owned carrier Air India is potentially about to default on just over $1 billion in loans due this financial year which were used for the purchase of aircraft. The news comes in the same week as Jet Airways ceased flight operations after…
