Asia has been seeing a retreat in its markets this year and several Asian economies are seeing their currencies continuing to slide in value. The Indian rupee has been among the worst hit in the region with a decline of more than 12 percent versus the dollar this year. As a result, the Indian government has announced taxes on 19 different imports valued at around $12 billion USD. One of the items is jet fuel. India already pays the world’s…
India is expected to be the third largest aviation market in less than 10 years. However, carriers on the subcontinent forever struggle to turn a profit. Flag carrier Air India has been on the brink of bankruptcy for quite some time and the government is looking for some good samaritan…
Jet Airways has announced that the carrier has revised its standard operating procedures following a take-off incident that occurred in August 2016. A Boeing 777-300 flying from London-Heathrow to Mumbai had apparently crossed the airfield boundary at 13 ft. and a road just past the runway at 30 ft. after…
The Indian government has formally rejected the proposed merger of Jet Airways and JetLite, its regional low-cost subsidiary. The decision comes three years after the airline's board approved the merger. In a filing to the Bombay Stock Exchange, Vice President of Global Compliance and Company Secretary Kuldeep Sharma said that…
Boeing and Jet Airways jointly announced an order for 75 new 737 MAX aircraft on Wednesday. Neither Boeing nor Jet Airways specified which variant of the MAX family has been ordered. “Our new order for the additional 75 Boeing 737 MAX aircraft will allow us to deliver a differentiated and…
Update: According to Delta's CEO, Ed Bastian, the airline does not plan to invest in Air India. As the Indian government begins preparing to accept its first bids for its struggling national carrier, Air India, a syndicate of airlines is looking to make an investment. According to the Press Trust…
Atlanta-based Delta Air Lines is allegedly looking to buy a stake in India's Jet Airways, multiple news outlets reported Monday. The 24 percent stake would be worth around $300 million. The two airlines began closer partnerships last year, effectively allowing passengers on both airlines one-stop service between India and the…
KLM has announced it will reconnect Mumbai and Amsterdam using the Boeing 787-9 Dreamliner aircraft after ending the service over 16 years ago. The airline had previously stopped flights to India’s largest city in 2001 when demand weakened. In a statement, Pieter Elbers, KLM President and CEO said, “KLM’s network…
