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Etihad Airways PJSC’s purchase of a 24 percent stake in Jet Airways (India) Ltd. boosts its position in a high-growth market that’s being targeted by new entrants including AirAsia Bhd. as the state invites foreign investment.
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Indian taxpayers gave Air India Ltd. $1.7 billion as bailout funds in the past four years. The airline now says it lacks cash to purchase spare parts.
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An Air India Express Boeing Co. plane overshot the runway and burst into flames in southern India, killing 158 people in the nation’s first fatal crash of a passenger aircraft in a decade.
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Even billionaires can’t figure out how to make money in Indian aviation.
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Jet Airways (India) Ltd. may trump Kingfisher Airlines Ltd. in the race for funds from Etihad Airways PJSC, hindering the grounded rival’s efforts to win investment to help restart flights.
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Accident investigators found the cockpit voice recorder from the wreckage of an Air India Express Boeing Co. aircraft that crashed yesterday, killing 158 passengers and crew.
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Kingfisher Airlines Ltd.’s operating license will lapse tonight, after the grounded Indian carrier failed to convince authorities it has enough funds to restart operations following five straight years of losses.
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India suspended Kingfisher Airlines Ltd.’s operating license after the cash-strapped carrier failed to resume flights because of a strike by engineers and pilots demanding seven months of unpaid salaries.
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India’s biggest airlines are turning to the government and international credit markets to reorganize $13 billion of debt after benchmark bond yields in Asia’s third- largest economy surged to a three-year high.
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Kingfisher Airlines Ltd., until 2011 India's second-biggest airline by market share, has this month appeared to enter the terminal stage of a prolonged and painful descent into bankruptcy and stasis.
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