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A Jet Airways Boeing 777-300ER (Photo: Uday Bararia via Wikimedia Commons | https://commons.wikimedia.org/wiki/File:Jet_Airways_India_.jpg)

Indian Airlines Eyeing Jet Airways’ Assets

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 at airports in Mumbai and New Delhi in order to create the least amount of disruption. It is likely that other airlines such as Vistara have also received slots but…

Air India Close to Defaulting on Loans for Aircraft Purchases

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…

SpiceJet Hires Jet Airways Employees Following Cancellation of All Flights

The past few months in the Indian aviation market have been dominated by the tumultuous financial struggles of Jet Airways. These struggles came to a head last week when the airline announced it was ending all flights. The end of operations of India’s largest private airline has not only left…

Jet Airways ‘Compelled to Cancel’ All Flights After Failure to…

India’s beleaguered carrier Jet Airways issued a statement on Wednesday suspending all flight operations. The airline, which had cancelled all international and some domestic services from last week and was left with only five aircraft in service, advised that the State Bank of India (SBI)representing a consortium of Indian lenders…

Nearly 70 Percent of Jet Airways’ Fleet Grounded as Airline…

Beleaguered Indian airline Jet Airways has suspended all international operations amid its continued financial struggles. The suspension is currently planned until Monday when airline officials will be meeting with lenders to attempt to secure more funding. Flights to London, Paris, and Amsterdam are among those suspended with passengers booked on…

New Jet Airways Bailout Plan Emerges Following Airline’s Default on…

As reported in late January, Indian airline Jet Airways has been experiencing cash flow troubles that have forced the airline to delay salaries, payments to vendors and more. Aircraft deliveries have also been delayed as the Boeing 737 MAX was supposed to join the fleet in March but has since…

Jet Airways Continues to Struggle with Cash Flow

In the ever-interesting Indian aviation industry, Air India shockingly hasn’t been the center of attention recently. One of the other near-bankrupt airlines is getting media attention for a new series of financial problems. This is after Etihad gave Jet Airways a $35 million cash infusion back in October 2018 and…

Airline Industry Group in India Requests Financial Assistance for Major…

The Federation of Indian Airlines (FIA), an airline industry group that speaks on behalf of several major carriers, has penned a formal letter to the nation’s aviation ministry requesting assistance in obtaining unsecured loans to offset ongoing losses. As reported in Bloomberg, airlines are “facing challenging times and substantial losses…

Jet Airways Sees Heavy Losses While Continuing to Struggle in…

Jet Airways is facing a tough scenario, as it is taking heavy losses per a combination of rising costs and steep income deprecation. The tough industry environment in the backdrop of a sharp rise in Brent fuel price by more than 50 percent over Q2 FY18, a depreciating rupee and…

Etihad Provides Additional Cash Infusion for Struggling Jet Airways

Etihad’s equity partnership in airlines is creating trouble yet again, this time with the perpetually money-losing machine better known as Jet Airways. Etihad, which already owns a 24 percent stake in Jet Airways, has proposed a new financial restructuring and support plan for Jet Airways which will result in an…