Jet Airways India Ltd. was forced to ground more jets after it failed to pay lease rentals on time, which leaves the airline with 20 operating planes compared to 124 in January.
With Jet Airways grounding its fleet of 119 aircraft fleet and Spice Jet pulling out its 737 Max, airfares have been rising across India for past few weeks.
State Bank of India Ltd., the lead creditor of Jet Airways, issued a document on Monday, inviting bidders with a net worth of at least Rs. 10 billion, to submit their interest by April 10.
For all their colonial underpinnings, postcards from Hyderabad also inadvertently preserve a trace of local memory: a glimpse of a street, a face, a forgotten name.
Indian toymakers are now exploring new markets, but they want govt to negotiate a trade deal with US soon, introduce incentives and subsidies to make the industry more competitive.
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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