Latest News on Etihad Airways
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Etihad Airways - Total results - 140
Dec 17, 2018
Naresh Goyal's 'turnaround' man Kardassis leaves Jet Airways amid persisting financial turbulenceNikos Kardassis, the former CEO of Jet Airways, who made a come back to the carrier in an advisory role and was tasked to turnaround the cash-strapped airline, has once again parted ways with it
Dec 14, 2018
Cash-strapped Jet Airways' survival may rest on founder Naresh Goyal leaving the cockpitRising dominance of budget carrier IndiGo as well as high oil prices, hefty fuel taxes and a weak rupee left Jet Airways strapped for cash and unable to pay employees and lessors on time.
Dec 06, 2018
Jet Airways seeks $350 mn soft loan from Etihad; continues to hold discussions with Gulf partner to offload additional stakeCash crunched Jet Airways has sought a soft financing of $350 million from its investment partner Etihad Airways, as it continues to hold discussions with the latter to offload additional stake in the carrier
Dec 05, 2018
Etihad in talks with Jet Airways, bankers for rescue plan; evaluates debt-laden carrier’s future business planShares of Jet Airways rose as much as 3 percent on Wednesday while the overall Mumbai market was down 0.6 percent.
Dec 02, 2018
Jet Airways to withdraw flights on seven Gulf routes following financial woes in past three quartersJet Airways will not operate as many as 39 services per week to Doha, Muscat, Abu Dhabi and Dubai from various domestic cities, a source said.
Nov 29, 2018
Naresh Goyal likely to relinquish Jet Airways' controlling stake to Etihad; layoff continues as crisis deepensIf the deal takes place, Etihad's holding in Jet Airways will increase up to 49 percent, the maximum permissible limit for a foreign company in the country.
Nov 28, 2018
Jet Airways shares jump up to 9% on report of founder Naresh Goyal to sell controlling stakeJet Airways' financial woes have been worsened by rising crude oil prices and intense pricing competition in the domestic aviation industry
Nov 22, 2018
Jet Airways says in talks with various investors amid reports of founder Naresh Goyal seeking Etihad support"The company continues to be in active discussions with various investors to secure sustainable financing to navigate through the current headwinds and create long term growth," Jet Airways said in a filing to the BSE.
Nov 13, 2018
Debt-laden Jet Airways to cut flights on some routes after further losses; to add capacity to more lucrative marketsJet, India’s biggest full-service carrier posted its third straight quarterly loss on Monday, hurt by higher fuel expenses and a weaker rupee.
Oct 29, 2018
Cash-strapped Jet Airways' founder Naresh Goyal approaches Mukesh Ambani, Ratan Tata for fund infusionJet Airways has defaulted on payments to aircraft lessors and Airports Authority of India (AAI) has served show cause notice to the airline for payment delays