Vinay Dube said the leadership team has spent the last few days trying to convince the consortium of lenders led by the State Bank of India to release some funds for our employees, while continuing to support the bank led bid process for Jet Airways

Running into a debt of more than Rs 8,500 crore, Jet Airways has shut down operations temporarily after lenders decided against extending emergency funds for its survival

In an exchange filing, Jet Airways confirmed that it received an unsolicited communication for stake sale and the sender has bee advised to formally engaged with SBI Caps, which is heading the bidding process for the same

SpiceJet chairman Ajay Singh also called for lower taxes on ATF and import of services to help support the turbulent aviation sector in India

Following this agreement, SpiceJet passengers will have more choice to travel seamlessly with minimum connection times, when flying to destinations in Emirates' Europe network such as London, Paris, Frankfurt, Manchester and Amsterdam

The reciprocal partnership will allow opening of new routes and destinations for passengers of the two airlines, said SpiceJet

Ministry of Finance has decided to waive a mandatory customs requirement, which needs Jet Airways' grounded planes in India to be first be sent to the country of registration of their lessors and then fly them back to India before they can be used by other carriers.

The Gurugram-based no-frills airline has already announced induction of 27 more planes - 22 Boeing 737s and five turboprop Bombardier Q400s - in the fleet to help overcome the capacity deficit.

Here is the exact schedule of the new flights. All of them will be operational daily once they commence, starting April 26

SpiceJet Chairman & MD Ajay Singh said Thursday that SpiceJet will induct six more Boeing 737-800 NG aircraft on dry lease in addition to 16 Boeing 737 planes and five 90-seater Bombardier Q400 planes.

Jet Airways shares declined as much as 30.28 per cent and touched an intra-day low of Rs 166.20 against the previous close level of Rs 241.85 on the BSE

The 90-seater Bombardier A400 is part of SpiceJet's second purchase order for up to 50 Q400 turboprops placed in September 2017 worth $1.7 billion.

Shares of SpiceJet surged 8 percent on Monday after the company announced that it will connect Mumbai to a host of international destinations with direct non-stop flights.