In the coming days, Fernandes may need all the luck to overcome the twin problems — one at home in Malaysia and the other, fast-unravelling crisis in India.
The agency's office in Mumbai has been probing a separate case against the airline and its executives under the Foreign Exchange Management Act (FEMA).
The regulator also sought the views/recommendations of the statutory auditors.
ICRA downgraded all of Jet’s long term loans and non-convertible debentures to a BB+ (negative) rating from a BBB- (negative) or investment grade rating.
Govt had proposed new rules for the benefit of flyers, like relaxation of cancellation charges and increase in compensation for lost & damaged baggage.
Net revenue from sales rose a mere 9% to Rs 5,924.85 crore.
DHL smarTrucking is the company's first official move to accelerate the development of technology-enabled logistics solutions around the world
Industry captains said the latest guidelines are “rigid and too strict”, especially for the infrastructure sector.
These assessments were given to the ministry of civil aviation last week in a presentation by top executives at Indian carriers. The meeting was chaired by minister of state for civil aviation Jayant Sinha.
Aircraft were stationed on the ground for 90 minutes to 2 hours after door-closure, leading to discomfort for passengers and cascading delays, said a top airline executive.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon