As part of this exercise, various aspects of the airline's functioning, including aircraft maintenance, are being looked at from the safety point of view, a DGCA official said.

The former chief executive parted ways with the airline after Goyal initiated discussions with his investment partner Etihad Airways for further stake sale to garner funds.

OPEC to consider views of PM Modi, other world leaders before cutting oil production, says Saudi ministerOil cartel OPEC will consider views of world leaders such as Prime Minister Narendra Modi, who represent the voice of major consuming nations, with seriousness before taking a decision on cutting output to support falling prices, Saudi oil minister Khalid Al Falih said . India is the world's third largest oil consuming nation, which is more than 80 per cent dependent on imports to meet its...

A Jet Airways spokesperson said the airline is committed to meeting all its salary obligations and has already paid salary to 85 per cent of its workforce on time for the November payroll.

The Abu Dhabi-based Etihad had come to the rescue of the Naresh Goyal-controlled airline during the earlier downturn too.

The full-service carrier has delayed salary payments to its staff.

Besides the remaining 25 per cent unpaid September salary, the senior management along with pilots and engineers are yet to be paid for October as well.

Jet Airways in its response said the company is optimising its resources in select cities, including re-deploying resources where needed, as part of its turnaround plan.

Etihad Airways may soon end up doubling its ownership in exchange for a desperately-needed cash infusion into the beleaguered Jet Airways

Jet Airways in talks with many investors to secure funds, says CEO Vinay Dube; Railways' big plan to stop trespassing! To build walls along 3,300-km tracks by next year; SC warns Amrapali Group over repeated hood-winking of court order; another blow for Imran Khan's Pakistan! US suspends $1.6 billion security aid. Watch more in this episode of Business Wrap.

Jet Airways in talks with many investors to secure funds, says CEO Vinay DubeJet Airways has said it was in active discussion with various investors to secure sustainable financing. \"We are in active discussions with various investors to secure sustainable financing to navigate through the current headwinds and create long-term growth. There is interest in our strong brand and confidence in our business turnaround efforts,\" Jet Airways CEO Vinay Dube said in a letter to its passengers. Dube...

The airline will navigate through these challenging times and work towards our long term growth and profitability, says Dube.

On Monday, the airline reported its third consecutive quarterly loss at Rs 1,261 crore in three months to September.

The stock has delivered 21.88% returns during the last one month.  It is is trading above its 50-day moving average of 210.87 but lower than its 200-day moving average of 321.72 level.