Cash-strapped Jet Airways, which is looking to raise fresh funds, has grounded at least 47 planes due to non-payment of lease rentals
It is no rocket science that quick fixes don't work in any serious business. Jet is no different
Etihad is down to its lowest market share in India With Abu Dhabi losing Indian passengers and Indigo becoming more powerful
While Etihad is seeking an exit from Jet, a negotiation between Qatar Airways and Etihad looks impossible given strained relations between the two Gulf nations
The decision was taken at the National Aviators Guild annual general meeting in Mumbai on Tuesday
Etihad Airways keen to sell stake to banks at discounted price
Founder Chairman Naresh Goyal and his family owns around 52% stake in Jet Airways while Etihad, a strategic partner, has 24% shareholding
The airline cannot put pilots and cabin crew on duty if they have reported stress of any kind, it said
India is gearing up for Lok Sabha Elections starting April 11
Goyal writes to staff seeking more time to finalise resolution plan, says still in talks with lenders and Etihad; sources say he's looking for a new investor to keep company afloat
It has been arduous for us to meet our financial requirements, result of which have adversely affected the psychological condition of Aircraft Engineers at work: Jet Airways' engineers union
Etihad would not participate in the rights issue or infuse fresh funds under the current terms and conditions of the resolution plan
Goyal once again gave his assurance that pending salary dues will be cleared on priority
Etihad is planning a fourth frequency between Abu Dhabi-Mumbai for a few days to cater to the load caused due to Jet cancellations
The acute liquidity crunch has forced Jet to ground aircraft, shut down stations and delay salary payments to its pilots and engineers along with other senior staff
Grappling with financial woes, the carrier has been looking at ways to raise fresh funds.
Jet is pledging its entire shareholding of 49.9 per cent in JetPrivilege to raise a loan for multiple urgent needs
The sovereign fund has not approved a plan or initiated due diligence
The airline has cancelled all its flights from Monday for operational reasons. It has also stopped Delhi-Dubai flights
In a letter to India's labour minister, National Aviators Guild, which represents the majority of Jet's pilots, has asked that the airline immediately pay their outstanding salaries and allowances til