civil aviation

 

Water aerodrome proposal gets Civil Aviation Ministry nod

Aug 11 2018

The Civil Aviation Ministry has approved a proposal for setting up of water aerodromes in the country.

MoCA will be watching developments at Jet Airways, says Choubey

Aug 10 2018

The Ministry of Civil Aviation today said it is watching the developments at Jet Airways, which has delayed the announcement of June quarter results.

Govt says Rs 268 cr collected as UDAN levy from airlines

Aug 09 2018

"All scheduled airline operators have been remitting the RCS levy. Total funds collected from RCS levy till August 3, 2018 is Rs 268.10 crore approximately," Minister of State for Civil Aviation Jayant Sinha told the Lok Sabha.

Domestic airlines have 298 foreign pilots, says govt

Aug 09 2018

Domestic airlines have employed 298 foreign pilots and the carriers have been advised to reduce their dependence on overseas pilots, according to the government.

Air India again delays salaries; employees yet to get pay for July

Aug 06 2018

Air India has not paid salaries to its employees for the month of July and is yet to communicate the possible date of payments, sources said.

DGCA suspends licence of 2 Jet Airways pilots for runway incursion at Riyadh

Aug 06 2018

DGCA has suspended the flying licence of two Jet Airways pilots for attempting to take off an aircraft from a taxiway parallel to the runway at Riyadh airport in Saudi Arabia last week.

Jet flight overshoots runway in Riyadh, no casualties

Aug 03 2018

Jet Airways Riyadh-Mumbai flight overshot the runway while trying to take off, an official said here.

Taskforce set up for roadmap to build indigenous plane: Prabhu

Aug 01 2018

"A high level taskforce to develop the roadmap with implementable recommendations has been set up under the chairmanship of the Civil Aviation Minister," Prabhu told members in Rajya Sabha.

Central-state JVs to be explored to promote air connectivity

Aug 01 2018

The govt said that it is trying to come out with a policy on having joint ventures between state and central governments to promote air connectivity under the UDAN scheme.

Govt seeks Parl nod for Rs 980 cr equity infusion into Air India

Jul 31 2018

The govt sought Parliament's approval for Rs 980 crore as supplementary grant for equity infusion in Air India which is grappling with financial crunch.

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Stocks In News

 

BHARTI AIRTEL

Aircel moves SC to make Airtel clear dues

Alleges that the co withholding Rs453 Cr of bank guarantees paid on its behalf

Bank guarantees have lapsed and Aircel wants Airtel to pay the money

Alleged that Airtel is trying to usurp the sum

Aircel says without the money it may get liquidated

ET reports

MAX INDIA

Bain joins KKR in race for Max Healthcare stake

PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn

ET reports

NAVNEET EDUCATION

To decide on buy back of shares on Aug. 20

JET AIRWAYS CLARIFIES

Co planning $400 Mn stake sale is speculative in nature

Jet Auditor BSR may quit if issues are not resolved is factually incorrect

Have been pro-actively working on multiple revenue enhancements

Evaluating various funding options to meet liquidity requirements on priority

Relationship with Etihad Airways very strong

No delays in discharging any loan obligations to any of the lenders

Default status in tabular statement only due to technical errors, rectified now

Clarifies that reports of stake sale are purely speculative

Also Clarifies that rumors of auditor quitting if issues not solved are factually incorrect

Seeks lenders help in bid to avoid default

Airline wants waiver of loan covenant on existing debt facility of $185mn

Co has to repay or refinance at least $500mn of existing debt to avoid default

Told lenders it won’t be able to meet min $50mn profit condition for FY19

Consortium of lenders yet to decide on Jet’s request

Airline’s total debt was Rs 9430 Cr as on 31st March 18

Mint reports

NSE TO JET AIRWAYS

Have noticed a difference in your responses dated August 9 & 10

Clarify whether mgmt extension from audit committee as per Aug 10 response

Or did Audit Committee not recommend results to board as per Aug 9 response?

In Aug 10 response, details of "Certain Matters Not Closed" not provided

Provide exact reasons for which audit committee has not approved results

Again ask you to give us date when board meet to consider results will be held

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