Jet Airways on Thursday informed the stock exchanges that lessors had grounded 10 more of its planes, bringing its fleet strength down to 14 from 123 planes in operations at the peak

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.

The loss of aircraft and friction with lessors is just the latest major setback for Jet, which has been struggling for years, beset by an insurgent group of low-cost Indian competitors

There is every likelihood of new bidders or investors beating down the price or the valuation of the troubled airline, which has grounded most of its planes. At last count, it had only 20 planes in its operational fleet as compared to 120 in good times.

India's air passenger growth which was registering a healthy 20 per cent each month till October last year has come down to 7.42 per cent in February.

The secretary said that airlines have to comply with the \"0/20 rule for international operations\". He also said that since Jet Airways has 26 aircraft in its fleet currently, question of \"examining Jet Airways\" on \"0/20 rule does not arise\".

The highest average rise of 39 per cent was recorded on the Mumbai-Chennai route.

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

On April 1, in another incident, the engine of a A320 Neo (VT ITB) from Jaipur to Hyderabad, also failed midair after detecting oil chips and was forced to return to Jaipur and subsequently grounded

WOW, which focused on low-cost travel across the Atlantic, advised stranded travelers to seek flights with other airlines. It flew a total of 3.5 million passengers last year

With leading airlines like IndiGo, Jet Airways and SpiceJet taking measures to stabilise curtailed flight schedules and rectify supply side constraints, experts see the currently sky-high airfares returning to normalcy

Southwest Airlines Co, American Airlines and United Airlines operate 34, 24 and 14 MAX jets, respectively. The meetings are a sign that Boeing's planned software patch is nearing completion, though it will still need regulatory approval.

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.

The cash-strapped airline has grounded seven more planes due to non-payment of rentals, taking the number of such aircraft to 54

The cash-strapped airline has grounded seven more planes due to non-payment of rentals, taking the number of such aircraft to 54

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 ...

IndiGo, forced to cancel about 30 flights daily due to pilot shortage, hiring more than 100 Boeing 737 commander level pilots, primarily those exiting Jet Airways, along with expat pilot amid aggressive capacity expansion.

It is offering jobs to pilots of Jet Airways along with compensation for overdue salaries from the cash-strapped full service airline, IndiGo said on March 12.