Aviation Market

Jet Airways passengers express anger and dismay at cancellations, delays in refunds and long response times to telephone calls

Grappling with a debt of more than $1 billion, Jet Airways has delayed payments to banks, lessors, vendors and staff.

Ethiopian Airlines crash: Will second Boeing 737 MAX 8 disaster lead to more aircraft groundings in India?

While Jet Airways has already grounded its 5 aircraft based on instructions from lessors, the airline could be eligible for compensation from Boeing for the grounding.

Aero India 2019: India seeks tie-ups to make aircraft locally; to invest $65 bn to construct 100 more airports: Suresh Prabhu

Prabhu said the civil aviation ministry has come out with 'Vision 2040' and to realise it, India would require 2,300 new aircraft.

Surging passenger numbers, policy promises dot turbulent skies in 2018; cut-throat competition pushes airlines into red

Despite high passenger growth, domestic airlines remained financially vulnerable as surge in oil prices, rupee depreciation and inability to raise fares amid intense competition crimped their earnings.

Vistara bets on upmarket model in price-sensitive Indian aviation sector; airline says strategy starting to bear fruit

Vistara has narrowed its losses and seen average fares rise this year as customers take to its product offering, including a domestic premium economy class

IndiGo to expand, defend turf despite loss; plans to add 30% capacity in FY19 at a rate of around 6 planes a month

IndiGo, the clear market leader with 189 planes and a 43 percent share is unwilling to cede ground to rivals like Jet Airways Ltd and SpiceJet Ltd

Indian airlines expected to post combined losses of up to $1.9 billion this year due to rising costs: CAPA India

Airlines have struggled to stay profitable despite filling nearly 90 percent of seats and seeing a more than doubling of domestic passenger numbers over the last four years.

Sensex soars 182 points to all-time high of 38,875, Nifty scales new peak of 11,751; Rupee firms up by 10 paise

Sensex surged 181.75 points, or 0.46 percent, to trade at an all-time high of 38,875.86, surpassing its previous high of 38,736.88, recorded in yesterday's trade

Air India sale: 'No show' could ground Narendra Modi's plan to offload money-losing government-held firms

Govt's offer to sell stake in Air India failed to attract a single bidder, dealing a blow to Narendra Modi’s target for offloading stakes in govt-held firms

Jet Airways reports Q4 standalone net loss of Rs 1,036 crore for FY18 on oil price rise, weak rupee

Naresh Goyal-promoted Jet Airways reported a standalone net loss of Rs 1,036 crore in the March quarter due to rise in oil prices and a weaker rupee