Jet Airways crisis: An internal mail had also said that post discussions with McKinsey, 150 of the total 1,000 pilots would not be required.

The fact that AAI did not issue equity to the government in lieu of fund infusion by the government, last year during discussions in the Finance Ministry over share buy back by profit making public sector enterprises.

Last month, Ness Wadia, who is the non-executive director of Britannia Industries, had been sentenced to two-year prison term for possession of cannabis in Japan

Days after India-born industrialist brothers, Srichand and GP Hinduja, reclaimed the title of Britain's wealthiest with fortunes of 22 billion pounds to their name, Etihad and Jet Airways' lenders approached the Group to invest in the debt-ridden airline. The Group has engaged investment bankers led by SBI Capital Markets for due diligence.

As per the formula worked out, the grounded airline's foreign flying rights would be allotted to airlines ranked in terms of available seat kilometres, after giving Air India first claim. Domestic carriers reportedly allege that this gives market leader IndiGo an unfair edge.

The airfares have risen dramatically on many international routes since Jet Airways suspended its operations on April 17. Therefore, the govt is planning to allocate Jet Airways' international flying rights to other airlines

Shares of low-cost airline carriers SpiceJet and Interglobe Aviation rose Wednesday on sinking share price of Jet Airways, a day after the debt-laden airline's chief executive and two other senior executives stepped down, raising serious doubts over its revival.

Earlier, bookings under the sale were made from May 3 to May 9, 2019. One can travel under the scheme till October 6, 2019. However, airfares vary according to several routes and on different dates.

Acquiring Boeing 777s from Jet Airways could help Vistara expedite its plans for long-haul flights to Europe as they will come with their own pilots, crew and maintenance staff

Naresh Goyal, in his letter, lauded the employees for their sacrifices and hoped that the bank-led resolution plan for the embattled airline will bear positive results

At the end of March quarter, Rakesh Jhunjhunwala held 75 lakh shares of the firm amounting to a stake of 1.25% in the carrier.  Jhunjhunwala, who is a long-term investor in the airline, bought 25 lakh shares for the first time in July 2012 and May 2013 at Rs 30.7 and Rs 38.94, according to BSE data.

Private airlines SpiceJet has announced the launch of new domestic flights which will connect Mumbai and Delhi with other cities. On the other hand, Mumbai-based carrier GoAir is offering domestic and international flight tickets starting at an all-inclusive price of Rs 2,765 and Rs 7,000 respectively.

Flights under the scheme start from fare of Rs 1,375 for Bagdogra to Guwahati route to Rs 6,999 from Srinagar to Mumbai. Fare for Guwahati to Bagdogra route stands at Rs 1649 under the scheme. Fares for Goa to Mumbai and Goa to Bengaluru stand at Rs 1,999. Fare for the Delhi to Jammu route too stands at Rs 1,999.

Cyclone Fani: More than 220 trains on the Kolkata-Chennai route have been cancelled till Saturday, out of which 140 are mail or express trains and 83 are passenger trains.

Over 800,000 have left their homes to cyclone shelters so far; cyclone tracker Tropical Storm Risk rates Fani category 4 storm, a notch below the worst level