Noting that the grounding of Jet Airways was very sad, Singh said that internal factors and high costs were among the reasons for its failure.

In Jet's absence, cash-strapped Air India is the only Indian carrier that operates widebody jets capable of non-stop flights to Europe and the United States.

The Jet Airways crisis has left space for rival airlines like SpiceJet and IndiGo to grab the opportunity; SpiceJet alone has decided to hire over 2,000 Jet employees

\"We have taken around 1,100 people so far. Expectation is that we will go up to 2,000 people. It will be pilots, cabin crew, (people) from airport services, security,\" says SpiceJet Chairman and MD Ajay Singh

Aggressive fleet induction plans of large airlines are likely to push aviation sector into dark ages

The buzz is that SpiceJet hopes to increase capacity by a whopping 80 per cent in the current fiscal, an impressive turnaround for an airline that was on the brink of closure in 2014

A weak rupee and skyrocketing fuel prices during the second quarter of FY19 drove the company into red, SpiceJet said in a filing to the Bombay Stock Exchange.

However, IndiGo's profit for FY19 stood at a mere Rs 156.1 crore, 93 per cent lower than the net profit in FY18. The massive decline was due to high fuel prices and a weak rupee.

SpiceJet to induct Boeing 737, taking fleet size to 100 aircraft, Jaypee Infra's creditors' meet on May 30 to discuss NBCC bid, and more on News Blast.

Switzerland steps up to share banking info; 11 Indians get notices in a dayAs Switzerland strives hard to re-establish its global financial centre position after clamping down on secrecy walls of its banks, there has been a significant surge in the number of cases where it has initiated process to share information on Indians with Swiss bank accounts and shot off letters to about a dozen such individuals last week itself. At least 11 such notices were issued to Indian nationals on May 21 itse...

Following the closure of Jet Airways' operations, SpiceJet, Vistara and AirAsia had approached the airline to buy its narrow-bodied aircraft B737

SpiceJet is the fourth domestic airline to achieve the feat after national carrier Air India, now defunct Jet Airways and rival IndiGo

The grounding of the private carrier Jet Airways has impacted industry's capacity by as much as about 14 per cent, and this has resulted in a 4.2 per cent fall in domestic air traffic to 10.99 million in April, according to a note by Icra