Civil aviation minister says confident Jet Airways' problems will be solved
Massive debt and suffocating price competition forced what was once India`s biggest private-sector airline to halt operations in April at the cost of thousands of jobs, and resulting in higher airfares across the industry.
Jun 14, 2019, 16:14 PM ISTNaresh Goyal will sell controlling stake in Jet Airways: Report
The carrier`s financial woes have been worsened by rising crude oil prices and intense pricing competition in the domestic aviation industry.
Nov 28, 2018, 15:30 PM ISTJet Airways refutes reports of stake sale, says committed to create sustainable future
The company, part owned by Etihad Airways, had net debt of 81.5 billion rupees as of end-March.
Aug 06, 2018, 11:48 AM ISTJet Airways warns staff time and funds are running out: Source
Pilots who have refused a proposed 15 percent pay cut for two years had been informed that the airline was running out of time to slash costs and raise revenue.
Aug 03, 2018, 12:46 PM IST