Tag: Jet Airways

Shady players, aviation scam and the boom and bust of airlines in India

Lalit Shastri The fate of now closed Kingfisher Airline, Air India’s huge debt burden and the latest grounding of Jet Airways raises several burning questions. The merger of Indian Airlines with Air India and the reckless acquisition of aircraft by these airlines ahead of their merger and many related issues has put the former Union

Continue reading

Jet Airways is grounded as consortium of lenders refuse to fund critical services

Newsroom24x7 Network Mumbai: Late night this past Tuesday 16 April 2019, Jet Airways was informed by the State Bank of India (SBI), on behalf of the consortium of Indian Lenders, that they were unable to consider its request for critical interim funding. Since no emergency funding from the lenders or any other source was forthcoming,

Continue reading

Three FIRs by CBI and how Air India went in the red

Lalit Shastri The Central Bureau of Investigation on Monday, 29 May 2017, registered three cases (FIRs) and one Preliminary Enquiry against Air India, “unknown” officials of Union Ministry of Civil Aviation and others on orders of Supreme Court of India in response to an SLP by Centre for Public Interest Litigation. This SLP (Civil) [No. 25545

Continue reading

Domestic airlines register 23.17% growth in passenger traffic during 2016; Air India lags behind IndiGo and Jet Airways in market share

Newsroom24x7 Staff New Delhi: Domestic airlines in India registered a growth of 23.17% in passengers carried between January and September this year compared to the corresponding period last year. Passengers carried by domestic airlines during Jan-Sept 2016 were 726.98 lakh as against 590.21 lakh during the corresponding period of 2015. In terms of Passenger Load

Continue reading

Air India receives maximum passenger related complaints during Jan 2016

Lalit Shastri Indigo with a market share of 27.26 per cent and Jet Airways with a market share of 14.32 per cent, are ahead of Air India, which commanded 12.23 per cent of the market share of scheduled domestic airlines in January 2016 During January 2016, a total of 823 passenger related complaints had been

Continue reading

Jet Airways khajuraho flight develops snag, all passengers are safe

Newsroom24x7 Desk Bhopal: Jet Airways flight 9W2423 with 59 passengers and 8 crew members on board develops snag in landing gear upon landing at the Khajuraho airport in the Central Indian State of Madhya Pradesh on Monday afternoon. Jet Airways said in a statement that flight 9W 2423 from Varanasi was involved in an incident

Continue reading