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 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’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…
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…
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…
