Jet Airways crisis: Govt orders SFIO probe into alleged mismanagement of funds, summons Naresh Goyal for questioning
The SFIO order refers to alleged siphoning of funds and unspecified financial irregularities at Jet Airways
Jet Airways shares tumble 7% after company grounds six more planes due to non-payment of lease rentals
As many as 47 aircraft of full-service carrier Jet Airways are on the ground now as the company failed to pay rentals to lessors
Domestic air passenger traffic increased by 15.29 percent in December to 64.40 lakh passengers
Swamy has filed petition seeking to quash the deal on the ground that it was against public interest as there has been squandering of natural resource i.e. the sky and air space.<br />
Pilots of the low cost carrier who must either forego all their experience on the JetLite fleet or look for alternate employment.
Jet Airways, which registered a narrower Rs 217.6 crore loss in April-June, is betting on cost cuts and the launch of more international routes to return it to profitability by 2017
Will attempts to offload loss making subsidiary JetLite, frequent fare discount schemes and deeper operational synergies with Etihad really save Jet?
Jet faces its own unique set of problems apart from those which other domestic airlines are staring at. For one, there has been considerable confusion about its branding and product offering
Now that SpiceJet and IndiGo have announced substantial reduction in advance purchase fares this morning and AI likely to follow suit, will they be able to fill more seats in the current quarter?<br /><br />
Air India continues to regain market share and is a clear No 2 right now. Is it doing something right or is it just the short-term effect of fare cuts?