ICRA upgraded Jet Airways to BB or stable rating from ‘C’ which meant that the company was under the risk of defaulting on its loan payments.
Most of Air India’s pilots have quit to join IndiGo, which has been advertising lucrative salary offers to recruit pilots.
SpiceJet has desperately been looking for funds over the past one year and the market has been rife with names of potential investors.
Cox & Kings had on October 9 said its board has given approval for raising up to Rs 1,200 crore through a qualified institutional placement or quasi debt instruments.
Aktiengesellschaft, Vinci Construction, Incheon International Airport & MAH have expressed initial interest in upcoming Rs 3000 cr Goa airport.
Earlier this year, India and the UAE enhanced bilateral air traffic rights to allow weekly carriers additional entitlements of 11,000 seats.
Virgin will be the only airline flying the 787-9 to India. A smaller variant of the plane, the 787-8 is flown by national carrier Air India.
The Mumbai International Airport Ltd may boast of a spanking new Rs 5,500-crore passenger terminal, but its cargo facility lies sadly neglected.
The airline is facing a shortage of pilots after more than hundred of them got grounded by the DGCA for not meeting license requirements.
IndiGo's CEO and president Aditya Ghosh confirmed the airline has filed results with the registrar of companies but didn't elaborate.
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