British Airways cancels flights globally on pilots' strike

The airline operates 49 weekly flights to India, said a spokesperson for India.36 PM ISTAFPThe airline operates 49 weekly flights to India, said a spokesperson for India.

Pilots’ Strike Prompts British Airways to Cancel 1,700 Flights

The airline said it had canceled 1,700 flights that had been scheduled for Monday and Tuesday because of the strike, the first ever for British Airways pilots.Most of the carrier’s 3,900 pilots belong to the British Airline Pilots Association, which says that its members have had to take pay cuts and that British Airways has declined to entertain counteroffers.

South America’s Synergy Evinces interest in Jet Airways

, a South American conglomerate that owns majority shares in airlines including Colombian carrier Avianca Holdings, has shown exploratory interest in investing in Jet Airways, said a person aware of the development.The conglomerate submitted an expression of interest for the bankrupt and grounded airline after the August 10 deadline set by the resolution professional running the bid process.

Fury as British Airways Cancels Scores of Flights, Some by Mistake

Walton wrote that he had spent an extra 800 pounds, or about $980, because of the British Airways backtracking.And in 2017, British Airways grappled with a major technical failure that led to the cancellation of hundreds of flights, affecting around 75,000 passengers.

Government extends temporary allocation of Jet Airways' slots, flying rights to others till December

(Representational Image) MUMBAI: The Centre on Tuesday extended the process of temporary allocation of slots and bilateral foreign flying rights of defunct airline Jet Airways to other airlines till December, a senior official of the Ministry of Civil Aviation said.Due to a fund crunch, Jet Airways shut down its operations on April 17, which led to a sudden rise in domestic and international airfares.

Anil Agarwal’s family trust shows interest in Jet Airways

MUMBAI: Billionaire Anil Agarwal’s family trust, Volcan Investments, emerged as a surprise contender for the debt-laden Jet Airways, being one of the three entities that responded to the call for expressions of interest (EOI) for the grounded airline.That perhaps explains why the statement made it clear that Vedanta has nothing to do with this exploratory interest.

Jet Airways extends deadline for bid submissions to Aug 10

The revised deadline for submission is now on August 10 instead of August 3.Defunct Jet Airways extended the deadline for submitting bids as interested applicants sought for additional time with the earlier cut-off date ending Saturday.

British Airways Resumes Cairo Flights After Security Review

Europe|British Airways Resumes Cairo Flights After Security ReviewImageThe security of civilian aviation has been a central focus for Egypt since Islamic State militants brought down a Russian charter flight in 2015.CreditCreditMohamed Abd El Ghany/ReutersLONDON — British Airways said on Friday that it was resuming flights to Cairo, nearly a week after abruptly canceling services to the Egyptian capital over security concerns.

JPMiles part of Etihad, not affected by Jet Airways grounding

54 AM ISTReutersJPPL was formed as a fullyowned subsidiary of Jet Airways in 2012.It was hived off as a separate entity in 2014 when Etihad bought a 50.

Jet Airways audit shows diversion of funds, fraudulent billing

30 AM ISTReutersMonthly invoice of Rs 15 cr was accounted for by Jet Airways for commercial activities without relevant documents supporting them.Board resolution, shareholder approval for making the provision was not made available to the auditors,” the forensic audit conducted by EY says.

Jet Airways grounded, Air France-KLM seeks new ally

After Jet ran into cash flow problems last year, its owner Naresh Goyal tried to woo both Air France-KLM and Delta Air Lines for a stake purchase, but without success.05 AM ISTAgenciesThe Air France-KLM combine is open to other commercial partnerships in India after Jet Airways’ grounding, senior executives of the megacarrier said.

Jet Airways Employee Consortium, AdiGroup to bid for 75 per cent of airline

38 PM ISTBCCLThe airline owes Rs 8,500 crore to banks and around Rs 25,000 crore in arrears to vendors, lessors and employees.NEW DELHI: In a first-of-its-kind initiative, a Jet Airways Employee Consortium and AdiGroup Friday announced a partnership to bid for 75 per cent of the airline through the NCLT process, members of the consortium said.

Jet Airways evicted from Siroya Centre despite moratorium under NCLT

The move may attract legal action as the distressed airline is undergoing an insolvency resolution process directed by India’s bankruptcy court.28 AM ISTAgenciesThe insolvency resolution process started after the National Company Law Tribunal last Thursday admitted a plea by Jet’s biggest lender the State Bank of India on repeated loan repayment defaults.

SBI-led consortium to take Jet Airways to NCLT, seek resolution under IBC

The petition by the lenders could be filed in the Mumbai NCLT as early as Tuesday.ET reported on June 17 that lenders will seal the fate of the airline in a crucial meeting to be held on Monday.

jet airways: NCLT adjourns hearing on Jet Airways to June 20

These two companied had on June 10 dragged the airline to the NCLT seeking bankruptcy proceedings.The airline, which was grounded on April 17, owes Rs 8.

Etihad Airways: Naresh Goyal says Etihad has no plans to exit Jet Airways now

PTI|Updated: Sep 11, 2017, 06.MUMBAI: Naresh Goyal today scotched rumours about Gulf carrier Etihad Airways exiting its over three year-old equity partnership with Jet Airways and also said he is not looking for another partner.

Hindujas get backing of Etihad, Naresh Goyal to board Jet Airways

MUMBAI: The Hinduja Group will start the process of bidding for Jet Airways this week, having obtained the assent of key stakeholders in the grounded airline including founder Naresh Goyal and Etihad Airways, strategic investor in the carrier.Sources close to Naresh Goyal and the Hindujas said they share cordial ties that go back more than two decades.

Jet Airways lenders weigh paying off $30-million US Exim Bank loan & take charge of 6 aircraft

Bankers say payment of the $30-mn is worth it because it could release the six aircraft valued at more than — Rs 2,000 crore from the bank.44 AM ISTAPDelay in resolution can be damaging as rivals are eyeing Jet’s slots, planes and flying rights.

Etihad representative quits Jet Airways Board

21 AM ISTAgenciesKamark, chief commercial officer (CCO) of Etihad Aviation Group, joined Jet’s board in November 2018.The Jet Airways board became dysfunctional Friday after Etihad Airways’ representative Robin Kamark resigned, the fourth director to quit in less than a month, leaving it with only two members.

Jet Airways CEO, CFO, Chief People Officer quit

16 PM ISTJet Airways' bosses abandon the sinking ship; CEO, CFO, CPO resignMUMBAI: Jet Airways Tuesday saw three top level exits—CEO Vinay Dube, CFO Amit Agarwal and Chief People Officer Rahul Taneja—even as its lenders continued to hunt for an investor to save the airline.The airline announced Agarwal’s exit earlier in the day citing personal reasons.