Posts in category

Transport


A section of Jet Airways’ employees has now chosen to bid for the airline that is grounded and is looking for investors to start flying. These employees have written a letter to State Bank of India chairman Rajnish Kumar requesting him to consider their bids, as they can arrange funding of up to Rs 7,000 crore …

Hyderabad-Ushering in a new era in fuel conservation and emission reduction, an Air India flight landed at the Rajiv Gandhi International Airport here from New Delhi Monday without provision for additional fuel which was hitherto necessary to carry in case of flight diversion. “This is the first flight in the country that has flown without carrying any …

With the grounding of Jet Airways dropping tens of hundreds of trained staff up for grabs, there can be a short-term salary correction in the industry, as there are not enough jobs in the market due to the supply glut, say headhunters. Teetering for months, the full-service airline Jet Airways was ultimately grounded on April 17, …

The five-hour shutdown of Air India’s check-in software, which occurred Saturday morning, is still causing its ripple effect as the airline stated 137 flights will be running with a delay on Sunday. The average duration of delay — on these 137 flights of Sunday — would be of 197 minutes, the airline’s spokesperson confirmed. Thousands …

Quick thinking and prompt action by a train driver saved the life of a man on the Kota-Bina stretch of Atru-salpura railway line. The train driver, whose name was not known, reversed the train for about a kilometer so that the injured passenger, who had fallen from the train, could be taken to a nearby …

Boeing Co removed 210 aircraft from its order backlog and took an impairment charge over customer financing losses on Wednesday following the near-collapse of India’s Jet Airways. The adjustment pushed the world’s largest planemaker behind European rival Airbus in the race for business this year as both companies grappled with cancellations that outweighed new orders …

National transporter Indian Railways account for nearly three-fifths of 344 central sector projects that are facing huge cost overrun due to delay in implementation for various reasons. Total cost overrun of 205 delayed railway projects is whopping Rs 2.21 lakh crore, the latest flash report of the Statistics and Programme Implementation Ministry (MOSPI) for December 2018 showed. The MOSPI monitors central sector projects …

High costs and low yields. The implosion of the country’s second-largest airline. Persistent technical issues plaguing two of the most popular passenger aircraft models flown by India’s airlines. Together, these factors have now plunged India’s aviation industry to its most precarious phase in the last five years or so. Santosh Hiredesai of SBI Capital Markets …

Aviation regulator DGCA has issued a show-cause notice to budget carrier IndiGo’s chief operating officer and engineering head over the Pratt & Whitney engines issues, sources close to the development stated. The Directorate General of Civil Aviation (DGCA) is also conducting a special safety audit of the airline’s operations and engineering, they stated. Indian carriers …

Jet Airways’ survival remained under serious threat after its lenders Monday deferred a much-anticipated decision to provide emergency funds to the carrier following a marathon meeting, even as its pilots’ union appealed to the lenders and the prime minister to save the airline. Jet Airways chief executive Vinay Dube in an internal communication has said …

A Delaware entity, Future Trend Capital, is understood to be backing the offer by Naresh Goyal’s Jetair to invest in Jet Airways, the distressed airline that is facing a severe cash crunch, employee anger over delayed salaries and grounded planes. Jetair is the general sales agency (GSA) that birthed Jet Airways. On Friday, the bid from the Future Trend-Jetair …

Jet Airways’ pilot’s guild late Sunday evening said it has deferred a ‘no pay, no work’ decision for the time being. “It comes to our notice that there is a critical meeting planned tomorrow (Monday) morning with the airline management and SBI. In light of the meeting, the members have requested, through their Team Leaders, …