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Total 19 results found. Search for [ IndiGo crises ]

Results 1 to 19 of 19
BusinessToday.In
New Delhi, May 26, 2019
Following the closure of Jet Airways' operations, SpiceJet, Vistara and AirAsia had approached the airline to buy its narrow-bodied aircraft B737


Manu Kaushik
New Delhi, May 17, 2019
Crucial differences include pace of expansion, use of aircraft for overseas operations and recent management changes; it seems Gangwal's signature is written all over IndiGo's current strategy


PTI
New Delhi, May 17, 2019
After Kamark's exit, only Ashok Chawla and Sharad Sharma remain on Jet Airways board, which ceased operations around mid-April


BusinessToday.In
May 17, 2019
Although the co-founders of the airline, Rahul Bhatia and Rakesh Gangwal, have a nearly equal stake in the airline, the shareholders' agreement in slanted in favour of the former. This, along with their divergent views on IndiGo's expansion, has caused the rift between the promoters


Anwesha Madhukalya
New Delhi, May 16, 2019
One of the reasons for the sharp increase in prices is the summer holidays along with a crunch in flights, following Jet Airways' grounding.


BusinessToday.In
New Delhi, May 16, 2019
The tussle between the two has escalated with Bhatia unsure about Gangwal's aggressive approach to expanding overseas and his greater control over the airline after changes on key posts


BusinessToday.In
New Delhi, April 30, 2019
Two staff unions, SWIP and JAMEVA, have requested SBI to consider the \"employee consortium\" as an intending bidder and say they can bring in up to Rs 7,000 cr from employees' contributions over time as well as external investors


BusinessToday.In
New Delhi, April 12, 2019
Etihad, which had previously asked SBI to purchase its entire 24% stake in Jet Airways, submitted its expression of interest (EoI) on Thursday, a day after the SBI-led consortium extended the deadline for initial bid submission to April 12.


BusinessToday.In
April 4, 2019
The recent Supreme Court ruling that struck down the RBI's February 12 circular - outlining a revised framework for resolution of stressed assets - may throw a spanner in the works for the airline already battling crises on multiple fronts


PTI
March 26, 2019
Jet Airways' domestic pilots body NAG had last week announced that its over 1,100 -odd members would stop flying from April 1 of their salaries dues were not cleared and a clarity on the revival roadmap was not provided by March 31.


BusinessToday.In
March 23, 2019
Jet Airways, which has a debt of a billion dollars, has failed to pay lenders and aircraft lessors and has grounded one third of its fleet.


PTI
New Delhi, March 23, 2019
The cash-strapped airline has grounded seven more planes due to non-payment of rentals, taking the number of such aircraft to 54


PTI
New Delhi, March 23, 2019
The cash-strapped airline has grounded seven more planes due to non-payment of rentals, taking the number of such aircraft to 54


BusinessToday.In
New Delhi, March 22, 2019
Nirav Modi to be held in one of England's most overcrowded jails; may share cell with other prisoners Fugitive diamantaire Nirav Modi, arrested by Scotland Yard on behalf of the Indian authorities, will be held at a prison in south-west London considered one of England's most overcrowded jails. The 48-year-old, who appeared in the dock at Westminster Magistrates' Court in London on Wednesday in a sombre white shirt and trousers, was taken to Her Majesty's Prison (HMP) Wandsworth after he was ...


BusinessToday.In
New Delhi, March 21, 2019
SBI has asked Naresh Goyal along with his wife Anita Goyal, Executive Director Gaurang Shetty and Independent Director Nasim Zaidi to step down from Jet board as part of bank-led resolution plan.


PTI
New Delhi, March 21, 2019
Jet pilots along with engineers and senior management have not been paid for more than three months now as the airline is facing its worst existential crisis since its inception a quarter of a century ago.


Manu Kaushik
New Delhi, March 17, 2019
Just last quarter there were indications that the industry was on the verge of mild recovery, even though the distress in the industry is far from over.


BusinessToday.In
New Delhi, November 2, 2018
By current norms, a pilot has to serve 6 months' notice although specific clauses depend on one's contract.


Rajeev Dubey
December 7, 2015
In the midst of what was one of India's biggest natural disasters, some of biggest airlines were insensitively profiteering from the tragedy.


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