SC set aside resolution plan for Jet Airways, founded by Naresh Goyal in 1992 shortly after India liberalised its economy. A look at timeline of events that led to its permanent grounding.
Sector analysts warn that with Go First expected to remain grounded & SpiceJet struggling, industry is likely to consolidate to just 2-3 player market, hampering competition.
Suspension of operations at India's largest flying school throws into doubt whether pilot training apparatus can now cater to demand for pilots from airlines as fleets expand.
The sudden death last week of an IndiGo pilot heightened those worries although India's biggest airline says he had a 27-hour break before duty and was in good health.
About 80% of the new aircraft orders at Paris Air Show were placed by two Indian airlines. But behind the optimistic outlook for India’s aviation market lies a concern.
The airline, which currently operates five Bombardier Q400 aircraft from NAC in its fleet, said the agreement settles all past liabilities for the Q400s.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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