Tag: Jet Airways

India’s Jet Airways resolution plan said to totter on disagreement with creditors

India’s Jet Airways resolution plan said to totter on disagreement with creditors

cpooldigitalLeave a Comment on India’s Jet Airways resolution plan said to totter on disagreement with creditors

Once India’s biggest private carrier, Jet stopped flying in April 2019 after running out of cash and was taken to a bankruptcy court by creditors who were owed about ₹180 billion ($2 billion). Creditors of India’s Jet Airways and the company’s new owners are deadlocked over a resolution plan to pull the airline out of […]

Continue Reading
Jet Airways posts ₹308 crore loss in September quarter

Jet Airways posts ₹308 crore loss in September quarter

cpooldigitalLeave a Comment on Jet Airways posts ₹308 crore loss in September quarter

The airline, which shuttered operations in April 2019, received the Air Operators Certificate from the DGCA in May this year as the consortium works on reviving the carrier The airline, which shuttered operations in April 2019, received the Air Operators Certificate from the DGCA in May this year as the consortium works on reviving the […]

Continue Reading
Higher ATF prices, Rupee depreciation likely to pose threat to domestic carriers’ recovery: Report

Higher ATF prices, Rupee depreciation likely to pose threat to domestic carriers’ recovery: Report

cpooldigitalLeave a Comment on Higher ATF prices, Rupee depreciation likely to pose threat to domestic carriers’ recovery: Report

“In India, ATF accounts for around 45% of the operational cost of an airline. Besides, as much as 35-50% of the airlines’ operating expenses are U. S. dollar driven,” as per ICRA. “In India, ATF accounts for around 45% of the operational cost of an airline. Besides, as much as 35-50% of the airlines’ operating […]

Continue Reading
Jet Airways in talks with aircraft makers, lessors to lease 6-8 planes by December

Jet Airways in talks with aircraft makers, lessors to lease 6-8 planes by December

cpooldigitalLeave a Comment on Jet Airways in talks with aircraft makers, lessors to lease 6-8 planes by December

Jet Airways confirmed that the airline is in “advanced discussion” with the lessors and original equipment manufacturer but did not share specific details Jet Airways confirmed that the airline is in “advanced discussion” with the lessors and original equipment manufacturer but did not share specific details Jet Airways is in discussions with aircraft manufacturers and […]

Continue Reading
Home Ministry grants security clearance to Jet Airways

Home Ministry grants security clearance to Jet Airways

cpooldigitalLeave a Comment on Home Ministry grants security clearance to Jet Airways

Last Thursday’s test flight was conducted to prove to aviation regulator DGCA that the aircraft and its components are operating normally. Last Thursday’s test flight was conducted to prove to aviation regulator DGCA that the aircraft and its components are operating normally. Union Home Ministry has granted security clearance to Jet Airways that is planning […]

Continue Reading
Jet Airways takes to skies after three years for test flight

Jet Airways takes to skies after three years for test flight

cpooldigitalLeave a Comment on Jet Airways takes to skies after three years for test flight

Jet Airways could be inching closer to restarting flights with the Directorate General of Civil Aviation (DGCA) expected to schedule its proving flights next week following which the airline will be granted an aircraft operator’s certificate (AOC). “The proving flights are likely to start soon. The airline will have to conduct 10 such flights. We […]

Continue Reading