Jet Airways has grounded more than three-fourths of its fleet due to non-payment of lessors' rentals and is operating just about 25 planes out of its 123 earlier.
Naresh Goyal writes emotional mail to Jet Airways staff: 'It's not the end of journey, but start of a brand new chapter'
Naresh Goyal said the approval of the debt-recast plan will put the carrier on a "sounder and sustainable" financial footing
Jet Airways grounds operations at Abu Dhabi airport from today for indefinite period; all flights to partner Etihad's hub cancelled
Jet Airways has a debt of over Rs 8,200 crore and needs to make repayments of up to Rs 1,700 crore by the end of March
Boeing has projected a $4.5 trillion market for 34,000 new airplanes over the next 20 years as the current world fleet doubles in size, with robust growth in China, India and other emerging markets.
The airline has sacked 101 pilots and is mulling hiring new pilots to restore normalcy its flight schedules, particularly international operations which have been curtailed due to the agitation.
The Delhi High Court reserved its verdict till Thursday on a plea by IPG, challenging the single-judge order that restrained the pilots of the national carrier from going on an "illegal strike".
A WTO panel ruled last year that Boeing had received at least $5.3 billion in subsidies through research contracts.