The old buzz that Dubai-based Emirates Airlines is looking to acquire Abu Dhabi-based Etihad Airways - a move that would create the world's biggest carrier by passenger traffic - is getting louder.

Income tax officials inspect books of Jet Airways in Mumbai, Delhi officesThe Income Tax Department on Wednesday swooped down on the premises of Jet Airways in Mumbai and Delhi to carry out an inspection of the books of the crisis-ridden airline for alleged falsification of accounts and siphoning of funds. As many as 50 tax officials are reported to have been pressed into action for the survey operation under Section 133A of the Income Tax Act at the Naresh Goyal-led airline's And...

The aviation sector is facing headwinds as some airlines grapple to cut costs and others struggle to stay afloat.

\"Withholding salaries, that too without prior notice, is a serious matter and the management will bear sole responsibility for any repercussions. Not paying the salaries on time would lead to non-cooperation by pilots,\" say Jat Airways pilots.

Jayant Sinha compared the per kilometer cost of air tickets with the average fares of auto-rickshaws in cities.

Rupee hits new all-time low against US dollarThe Indian rupee slumped 16 paise against the US dollar to trade at a life-time low of 71.37 in early trade on Tuesday. The fall in Indian currency is due to the strong demand for the US currency. At the Interbank Foreign Exchange, the local currency opened at a record low of 71.24 against a dollar, down from its previous close of 71.21, and weakened further to trade at a fresh low of 71.37, down 16 paise.  Airlines' losses could r...

After putting disinvestment of debt-ridden Air India on the back burner, the government is set to infuse Rs 2,100 crore into the loss-making national carrier.

Notwithstanding the ongoing turbulence due to rise in fuel prices, the domestic airline industry has been able to grow at a steady pace.

The airline has chalked out a cost reduction programme of more than Rs 2,000 crore over two years in addition to plans for better inventory management, improving pricing and monetising its well-established 8.5 million member JetPrivilege programme.

Total income marginally improved to Rs 6,066 crore from Rs 5,953 crore a year ago, the airline said in an exchange filing.

There are four culprits, in no particular order: high Aviation Turbine Fuel price, rupee depreciation, rising maintenance costs, and elevated competition.

Jet Airways chairman Naresh Goyal met aviation secretary RN Choubey on Monday and apprised him of the ongoing crisis.

GOODA bill has been presented in the Lok Sabha to introduce new tariff structure for airports which will inflation linked rather than cost-based structure currently prevalent in the country. BADIndia has accelerated its infrastructure building but unless costs over-runs are brought under check, the nation and the tax payers will continue to pay a heavy price for such monumental projects. UGLYIndia's second largest airline Jet Airways is in serious financial trouble. Its losses are mounting. It has a negative net worth of Rs 7,100 crore and with liabilities of Rs 19,743 crore against total assets of just Rs 12,501 crore it was only keeping afloat due to free cash flow of some Rs 320 crore as of March 31, 2018.

Jet Airways, however, claimed that its account with SBI and all other banks is \"standard\" and it has not defaulted on any of its payment obligations.

'No' says Jet Airways emphatically. But with mounting losses, negative net worth of Rs 7,100 crore and liabilities well in excess of assets, it may be very, very close.

The airline has delayed its first quarter results announcement after its audit committee didn't recommend it to the board. Hours before the deferment, the chairman of the audit committee - Srinivasan Vishvanathan - had reportedly resigned from his job.

Needless to say the rapid changes at the top of Air India does not give any chairman enough time to make any substantive changes to the carrier.

PepsiCo's Indra Nooyi to step down after 12 years as CEOPepsiCo CEO Indra Nooyi will step down on October 3 after a 12-year stint at the helm of food and beverage multinational. The 62-year-old India-born executive has spent 24 years at PepsiCo. The company announced that its Board of Directors has unanimously elected Ramon Laguarta to succeed Nooyi as Chief Executive Officer.Jet Airways releases salaries to employees, decides against pay cutCornered by protesting employees and ...

The problem with Jet Airways is no different from the rest of the industry -- revenues are sliding and costs are rising. The carrier posted a loss of Rs 1,040 crore for the fourth quarter of fiscal 2018, and the revenue drop was visible in both international and domestic operations. Watch BusinessToday.In's video on reasons behind Jet Airways' financial woes.

The buzz earlier was that having posted a loss of Rs 1,040 crore for the fourth quarter of fiscal 2018, the airline was in serious damage control mode and had informed its employees that a 5-25 per cent salary cut was on the cards.