Categories
Uncategorized

Jet Airways CFO & Deputy CEO Amit Agarwal Quits Amid Ongoing Crisis

Grounded airline carrier Jet Airways deputy chief executive and chief financial officer (CFO) Amit Agarwal has resigned, the airline said on Tuesday.¬†Agarwal’s resignation was effective from the 13th of May. The firm in a regulatory filing said, “We wish to inform that Amit Agarwal, the deputy chief executive officer and CFO of the company, has […]

Categories
Uncategorized

Jet Airways Unions Approaches Supreme Court For Funds

Jet Airways pilot union appealed to the Supreme Court of India to direct State Bank Of India (SBI) to release interim funding to try to revive the grounded airline on Tuesday. Once India’s second largest airline company in India Jet Airways suspended operations on the 17th of April as lenders rejected plea for emergency funds. […]

Categories
Business

Boeing revised backlog orders after India’s airline giant Jet Airways suspended operations

Boeing removed a 210 order backlog and fined the customer impairment charges for financial losses following the 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 in the first quarter. Boeing […]

Categories
Uncategorized

Jet Airways temporary shuts down operations

Jet Airways cancelled operations with immediate effect from today, after failing to convince lenders for an urgent funding. Jet Airways Statement – Late last night (16th of April 2019), Jet Airways was informed by the State Bank of India (SBI), on behalf of the consortium of Indian Lenders, that they are unable to consider its […]

Categories
Business

Once India’s second largest airline, Jet Airways meets dead end?

The sorry state of Jet Airways continues, there are speculations about the airline firm shutting down operations temporarily. The shares of the company fell 18 percent when news of founder Naresh Goyal opting out of the bidding process to acquire stake in the cash strapped airline. The CEO of the airline, Vinay Dube wrote to […]

Categories
Uncategorized

Jet Airways may lose international licence after operating fleet reduced under 15

Sinking Indian airline company Jet Airways cancelled all it’s international flights for Thursday and Friday (11th and 12th April) due to scarcity of funds. The company spokesperson said, “Jet Airways had proactively cancelled all west-bound long haul flights from India from Thursday until Friday morning.” The company’s operating fleet is under 15 a the moment, […]

Categories
Insane

An Owl Takes Command Of This Boeing-777

A flight parked at the Mumbai airport was greeted by an unlikely passenger on Monday. A huge owl was found inside the cockpit of the airplane. The owl was captured by the Mumbai International Fire Department and handed over to the Forest department. The bird was perched near the left seat in the cockpit that […]

Categories
Business

14 flights cancelled as pilots report sick

India’s leading carrier Jet Airways cancelled 14 flights on Sunday after pilots reported “sick”. The carrier is financially strained and has not been making salary payments to its employees since August. It defaulted salaries to its senior management, pilots and engineers. Fourteen flights were cancelled due to some pilots reporting sick, and many were protesting […]