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Jet Airways (India) Ltd.

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Directorate General of Civil Aviation (DGCA) told PTI that the regulator will "conduct its own checks once the US aviation regulator Federal Aviation Administration (FAA) gives the green light to the 737 Max plane".

The issue of fares has been raised at a time when the industry is entering into third quarter, which is a high demand period for the airlines.

Government sources said that the airlines did bring up the issue of aggressive pricing on several routes that becomes unsustainable.

The growth in the industry capacity continued to be muted in July at 3.5 percent, primarily due to the grounding of Jet Airways.

The Modi-led NDA government, since the time it took charge in 2014, has been cautious in increasing foreign flying rights with countries within 5,000 km radius of India.

Here is breaking down the pre-market actions.

Fares for domestic travel is expected to spike 7-9% this fiscal because of limited capacity additions, Crisil said.

“Flight fares to the UK have been up by 30%, and the US by 16%," an Air India official said.

Both the airlines have told the aviation ministry that they plan to launch flights to London next year.

Both the airlines have told the aviation ministry that they plan to launch flights to London next year.

Moreover, India's July RPK (Revenue Passenger Kilometre) growth at 8.9 per cent was higher than what was observed in June this year at 8.2 per cent.

This is the first time the federal agency probing the airline under FEMA is questioning the embattled founder.

These stocks advanced at least 45 per cent in last 1 year and doubled money in the last 5.

Jet was admitted to bankruptcy court in June after its lenders failed to agree on a revival plan.

Jet Airways is facing insolvency proceedings in the Netherlands and was declared bankrupt in response to a complaint filed by two European creditors.

Companies embroiled in debt-related issues lead the list of losers.

The grounded airline has defaulted on loans of over Rs 8,000 crore.

Grounded Jet Airways failed to attract any new bidders during the extended deadline, according to a source.

Alternative mechanism panel headed by home minister Amit Shah to meet soon to finalise plan.

Until recently, Jet was the only private carrier that was offering flight connections between India and London. National carrier Air India is the other airline.

Crisis-hit Jet Airways stopped flying on April 17 this year and subsequently, its lenders on June 17 moved the NCLT.

Housing financier DHFL said it has appointed KK Mankeshwar & Co as its statutory auditor.

The PMO raised the query along with a letter from MP Subramaniam Swamy, urging the government to not let AirAsia India fly overseas due to the court case.

Aims to allow ‘serious bidders’, to also put to vote proposal to lend more to airline.

DHFL proposed a 35 per cent haircut to all lenders as part of its resolution plan.

Majority shareholder in Colombian carrier Avianca submits EoI after Aug 10 deadline; RP to seek Jet creditors’ nod.

The federal probe agency had carried out searches on Friday at a dozen locations of Goyal, his firms and partner agencies in Mumbai and Delhi.

The bankruptcy tribunal had on July 5, prevented the DGCA from deregistering the Boeing 777 plane, which has been under the possession of a Dutch cargo provider since April.

Government's submission came during the hearing of Goyal's plea for withdrawing his earlier petition which sought permission to travel abroad.

Naresh and Anita Goyal had resigned from the board of Jet Airways, which the former founded 26 years ago, in March following a debt restructuring plan.

Companies have already started to cut their workforces.

Searches are being carried out under the provisions of the FEMA and are aimed at gathering additional evidence, ED officials said.

Rivals have been taking up aircrafts that were formerly operated by Jet from its lessors.

Although the airline has asked the government to allocate the grounded carrier's foreign-flying rights to them permanently, sources say no such decision is likely.

A three-member NCLAT bench headed by Chairman Justice S J Mukhopadhyay asked the Committee of Creditors (CoC) of Jet Airways to file an affidavit within a week in this regard.

As much as 1,421 stocks on NSE have lost more than 20 per cent from their 52-week highs.

Jet Airways is undergoing insolvency proceedings and at least three entities have put in initial bids for the carrier.

General slowdown, higher air fares after Jet’s grounding, and a decline in domestic business travel are hurting hotels and travel operators.

General slowdown, higher air fares after Jet’s grounding, and a decline in domestic business travel are hurting hotels and travel operators.

The affairs of Jet Airways are now being managed by resolution professional Ashish Chhawchharia under the insolvency law.

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