Jet Airways makes progress on debt

Jet Airways and Etihad Airways are planning to rework the shareholder agreement to address the market regulator’s concerns about substantial management rights to the latter.The Securities and Exchange Board of India wanted Jet to convince it that the agreement did not amount to joint control alongside promoter Naresh Goyal.The shareholder agreement treats Etihad as a “public shareholder”, thereby exempting it from making an open offer.“Both sides are working to amend ...

Airlines’ plans to import jet fuel directly is now a step closer to realisation, with the Airports Authority of India looking at providing common infrastructure for supplying aviation turbine fuel across all major airports. In a meeting with stakeholders last week, the authority mooted setting up a Special Purpose Vehicle along with airlines and state-owned oil marketing companies to develop common infrastructure to import ATF, among others, at Chennai and Kolkata airports. While AAI and ...

What justifies the Indian Government’s move to raise its regulatory limit on flight seats to Abu Dhabi so radically? 18 May 2013 BY: Shailendra Tyagi

New Delhi : Fiat is all set to re-launch the 2013 Linea T-Jet on June 10 in Mumbai. For the model’s promotional activities, Fiat is also tying up with the upcoming action-hero flick, ‘Man of Steel’ (or ‘Superman’ for the ...

Taipei (Taiwan), May 20: A Taiwanese Mirage fighter jet has crashed into the sea off the island’s northwest coast, the second air force fighter to be lost in less than a week.The air force said both Mirage pilots were rescued at sea Monday, ...

THAILAND’S national Buddhism organisation has stepped in to announce that it is monitoring monks nationwide for any ';inappropriate behaviour'; following complaints ignited by a video showing Buddhist monks flying on a

India’s five scheduled airlines together carried 5.71 million passengers in May, the highest domestic traffic in the first five months of this calendar year. This is an increase of about five per cent over the 5.45 million passengers who flew during the same period last year. In March this year, domestic air traffic had spiked by 1.6 per cent to 5.18 million passengers, compared to 5.1 million in March 2012. Data available with the Directorate General of Civil Aviation show though the ...

Beijing, Jun 12: An Air China passenger jet was struck by an UFO (unidentified flying object) mid-flight and that object put a large dent and crack in the nose cone of the aircraft. The pilot radioed air traffic control that they’d been hit and ...

London, May 24: A British fighter jet was launched to divert a civilian plane carrying nearly 300 passengers from Pakistan to England after an incident on board, British officials said Friday.Britain’s Ministry of Defense said the Typhoon was launched ...