While the national media has been dominated by news that has painted a gloomy picture of the aviation sector in the country, the data put forth by the Minister of State (Independent Charge) for Civil Aviation, Hardeep Singh has bellied all claims by projecting a healthy growth rate of 17%. Why this matters? With Air ..
Jet Airways: GK, General Studies and Current Affairs
The Union Budget 2019 has made provisions for the relaxation in the FDI norms in the aviation sector. This will allow the beleaguered airlines of India – Air India and Jet Airways. Both these airlines are looking for buyers though due to different reasons. Air India is a government asset which the government hopes to ..
The Securities and Exchange Board of India (SEBI) has introduced a strict disclosure framework for credit rating agencies (CRAs). New Norms CRAs must disclose a probability of default (PD) benchmark for the companies rated by them. CRAs must also disclose sensitive factors which can potentially impact the rating of the instruments which include financials and ..
The Gurugram-based no-frills airline SpiceJet has already hired over 500 employees, including 100 pilots, of the grounded carrier Jet Airways and it is open to induct more as it adds more aircraft and routes in the times ahead. SpiceJet has already announced an induction of 27 more planes -22 Boeing 737s and 5 turboprop Bombardier ..
Naresh Goyal, the founder of Jet Airways (India) Ltd, has resigned from the board of the troubled airline. Goyal, who has founded Jet Airways over two decades ago has resigned after a meeting with the airlines board of directors. The lenders will immediately pump about ?1,500 crore into Jet Airways by way of issue of appropriate ..