Jet Airways: Insolvency resolution direction of closing date extended till August 21

Jet Airways: Insolvency resolution direction of closing date extended till August 21

At a time when fresh bids have been invited for the grounded Jet Airways, the deadline for completion of its insolvency resolution process has been extended till August 21 due to the lockdown.The full service carrier, which shuttered operations in March 2019, is under Corporate Insolvency Resolution Process (CIRP) and the time period given for…

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Jet Airways seeks permission to cruise three airplane for cargo operations

Jet Airways seeks permission to cruise three airplane for cargo operations

Jet Airways’ Resolution Professional (RP) has written to the Ministry of Civil Aviation (MoCA), seeking permission to use three Boeing 777 passenger aircraft in its fleet for cargo operations in the wake of the pandemic.According to sources, MoCA has responded saying that it will “consider” the request. However, it may be a non-starter, as the…

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British Airways dwelling to cut as many as 12,000 jobs over coronavirus

British Airways dwelling to cut as many as 12,000 jobs over coronavirus

Home > News > world > British Airways set to slash as many as 12,000 jobs over coronavirus (Photo: Reuters) 2 min read . Updated: 28 Apr 2020, 11:03 PM IST Reuters BA owner International Consolidated Airlines Group swings to Q1 operating loss Airline books 1.3 billion euro charge for overhedging of its fuel and…

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