Travel

Suppliers' bankruptcy petitions may prove the last nail in Jet Airways coffin

The fate of Jet Airways lenders rescue plan in the balance as several suppliers and operational creditors head to National Company Law Tribunal to initiate proceedings under Insolvency and Bankruptcy Code.

Jun 10, 2019

The Air India plane flying the inaugural trip from Lucknow,

Air India divestment: Will Modi 2.0 get second time lucky with 100% stake sale?

The Narendra Modi government is taking up unfinished business on a priority basis and Air India privatisation is top on the agenda.

Jun 5, 2019

IndiGo shares tank over report of differences between co-founders on growth plan

India's largest airline has been growing at breakneck speed with drastic capacity addition to grabbing market share in the world's fastest-expanding aviation market.

May 16, 2019

Will Naresh Goyal face criminal charges over financial fraud after Jet crash?

Registrar of companies is examining the airline's books of account to see if promoters diverted funds from floundering Jet and hastened its crash; any criminal investigation could adversely affect the bidding process piloted by the lenders

May 2, 2019

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Air India Express, Air India mull Jet planes lease as lenders secure assets

Indians in the Gulf happy as flight cancellation because of aircraft shortage is a major problem in the sector; Air India hopes to lease wide-body aircraft along with the routes.

Apr 22, 2019

Jet Airways lenders may be facing dilemma of writing off 80% dues or losing 100% loans

Lenders may have made a tactical error by not keeping Jet airborne as grounded airline increases the bargaining power of prospective investors and rescue plan delay erodes assets value.

Apr 19, 2019

Is Air India skidding down the same road that Jet and Kingfisher took?

Air India could become the third airline to crash land in a decade bursting India's aviation bubble.

Apr 19, 2019

MakeMyTrip files case against EaseMyTrip; does brand name-identical Google Adword infringe IPRs?

MakeMyTrip claims EaseMyTrip's use of the Adword is in violation of the trademark law and has raised the cost of its Google Search Network advertisements.

Mar 21, 2019

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Jet Airways in free fall as Etihad pulls out of rescue deal

Jet Airways has been staring at an abyss with more flights getting cancelled every day as lessors ground aircraft over the payment defaults.

Mar 21, 2019

Captain CP Krishnan Nair, Leela Group founder

Leela Group's Captain Krishnan Nair – Visionary with a keen sense of destiny

Captain Krishnan Nair was a self-made man who built some of India's finest hospitality properties and single-handedly established the vast business empire of Leela Group in the name of his wife.

Mar 19, 2019

Leela Group serves up hotel assets to Brookfield in Rs 3,950 crore deal

The agreement with the Canadian investment firm covers four hotels and stake in Mumbai's The Leela Hotel apartment from joint development of other properties.

Mar 19, 2019

How much will it cost Boeing to compensate for all grounded B737 MAX planes?

The monthly cost of substituting a grounded B737 MAX plane is estimated at $250,000 and all the nearly 350 delivered MAX planes are now grounded

Mar 17, 2019

Jet stares at another loan default as lenders seek more funds from Goyal, Etihad

Etihad board undecided on accepting conditions of SBI-led consortium's debt resolution plan that Jet shareholders have approved.

Mar 15, 2019

Boeing 737 MAX fiasco: DGCA to monitor predatory pricing of spot tickets

Spot fares have skyrocketed on prime routes forcing aviation authorities to step in even as worst-hit SpiceJet plans to seek compensation from aircraft maker Boeing

Mar 14, 2019

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Boeing 737 MAX trouble hits airline shares; traders brace for more turbulence

Shares of SpiceJet and Jet Airways nosedive defying the bulls at play while IndiGo soar on prospects of higher price realisation in the spot market.

Mar 13, 2019

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