Aviation
Jet employees propose Rs7,000-cr bailout for grounded carrier
30 Apr 2019
As things stand, there are four bidders, including Etihad (which holds 24 per cent in Jet Airways) who are keen to acquire the company and with the bidding process set to conclude on 10 May, there are concerns that the lenders may have to take a large haircut on their Rs8000-crore exposure
HAL flight-tests a modified intermediate jet trainer
19 Apr 2019
The IJT was meant to provide high-speed training for IAF pilots entering the second stage of training, before they move on to an advanced jet trainer (AJT) to finally learn the art of combat flying
Lenders look to investors to bail out grounded Jet Airways
18 Apr 2019
The airline’s closure put at risk 22,000 jobs, including engineers and pilots who were denied salary for months together
Jet Airways may halt services temporarily, say reports
16 Apr 2019
Jet Airways founder Naresh Goyal, who stepped down as chairman of the carrier early last month, has decided not to bid for acquiring stake in the cash-strapped airline
World’s largest aircraft completes first successful test flight
15 Apr 2019
The Stratolaunch behemoth, the all-composite aircraft with two fuselages and six Boeing 747 engines, achieved a maximum speed of over 300 km (189 miles) per hour during a 2-1/2 hour flight over the Mojave Desert, at altitudes up to 17,000 feet
India test-fires 1,000 km-range sub-sonic cruise missile Nirbhay
15 Apr 2019
Nirbhay, a long range, all-weather missile that can be launched from multiple platforms, will supplement the role played by Brahmos missile in due course by delivering warheads farther than Brahmos range of 450 km
Six bidders express interest in Jet Airways
09 Apr 2019
Buy-out firms such as TPG Capital, KKR and Blackstone and international airlines such as Lufthansa, Singapore Airlines and Delta-Air France-KLM are among the entities are believed to have shown interest in the airline
India looks to sell LCA Tejas to Royal Malaysian Air Force
05 Apr 2019
Malaysian Prime Minister Mahathir Mohamad has made it clear that Malaysia will look to buy fighter planes from China or any other country after the European Union proposed to end the use of palm oil in biofuels
Jet Airways defaults on $140-mn ECB loan
29 Mar 2019
India successfully tests anti-satellite missile technology
27 Mar 2019
The mission, `Operation Shakti’, was completed in just three minutes, Prime Minister Narendra Modi said, adding that all equipment used in the operation was developed indigenously
Jet Airways founder-chairman Naresh Goyal steps aside
25 Mar 2019
Twenty-five years after founding Jet Airways, Naresh Goyal and his wife Anita Goyal will exit the board of the airline, allowing lenders led by State Bank of India to infuse Rs1,500-crore funds into the beleaguered carrier
And now, Etihad asks SBI to bail it out from Jet Airways
20 Mar 2019
Jet’s financial woes has fuelled a pileup of grounded planes as carriers operating on truncated fleet alter schedules, curtail flights and hike airfares during a busy season
India grounds all Boeing 737 Max aircraft
13 Mar 2019
US regulators also on Monday ordered Boeing to make urgent improvements to the best-selling jet, even as Boeing maintained that the 737 MAX was "as safe as any airplane that has ever flown the skies"
Jet Airways set to finalise Rs4,000-cr financing deal: report
12 Mar 2019
Under the financing agreement, promoter group stake in Jet Airways will come down to 17 per cent from 51 per cent, while Etihad will retain 24.9 per cent stake and lenders will gain 29.5 per cent through conversion of debt and fresh equity infusion, with the remaining going to a new investor
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