The proceeds from the sale will be utilised as per the directions of the National Company Law Tribunal.
Indian airlines are growing the fastest in the world, but a majority of them are also losing money. A number of factors, such as the world’s highest aviation turbine fuel prices and problems with some aircraft brands, are challenges they need to overcome but there’s massive room for growth as a majority of Indians still consider flying very expensive. India’s oldest private sector airline, Jet Airways, downed shutters “temporarily” in April as lenders tried to find a white knight buyer [...]
Vinay Dube is the Chief Executive Officer (CEO) of Jet Airways, India’s leading private full-service international airlines. The aviation industry veteran took time out for ‘India Global Business’ during a recent London visit to explain what made Jet launch its fourth direct flight on the London-India circuit, future growth ambitions and plans to acquire as many as 150 new aircraft over the next five years. What prompted Jet to launch its fourth direct flight in the UK? In October, we [...]