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Travel Chaos Worsens As US-Iran Conflict Shuts Key Middle East Airports
Travel chaos extended through the Middle East and beyond, sending airline stocks sharply lower on Monday, as carriers across the Persian Gulf extended blanket flight suspensions, causing major disruptions at some of the world's busiest airports.
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IndiGo Stock Plunges 10%, Wiping Out Rs 37,000 Crore In Market Value
InterGlobe Aviation Limited, the parent company of IndiGo, saw its market value shrink sharply on Monday as the airline continued to grapple with one of the worst travel disruptions in India's aviation history.
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SpiceJet's Big Reveal: Airline Hasn't Paid Rs 355 Crore In PF And Tax Dues
SpiceJet has not paid Rs 135.3 crore in Provident Fund payments to employees for periods from April 2020 to August 2023, the airline said in a document filed with the Bombay Stock Exchange.
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Microsoft Cloud Outage LIVE: Stock Exchanges Unaffected By Global Outage
Airline systems across airports, which were impacted due to a global IT outage on Friday, have started working normally, and all issues are likely to be resolved by noon today, Civil Aviation Minister K Rammohan Naidu said.
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"Will Honour His Legacy, Values": Akasa Air On Rakesh Jhunjhunwala's Death
Ace stock market investor Rakesh Jhunjhunwala, who was also the co-founder of Akasa Air - India's newest airline - which took to the skies last week, died this morning at a Mumbai hospital due to a cardiac arrest.
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Rakesh Jhunjhunwala Dies At 62, Week After 1st Flight Of His Akasa Air
Ace stock market investor Rakesh Jhunjhunwala died this morning at a Mumbai hospital. He was also the co-founder of Akasa Air, India's newest airline which began commercial operations last week.
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SpiceJet flights To Be Reinstated Gradually, Says Regulator DGCA
The Directorate General of Civil Aviation will allow SpiceJet to reinstate flights in a "graded manner" once the airline shows it has sufficient engineering strength and the ability to stock up spares, the aviation regulator told Reuters.
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Rakesh Jhunjhunwala's Airline, Launching In May, Makes Unusual Move
Akasa, an airline backed by billionaire Rakesh Jhunjhunwala, plans to offer stock options to attract staff, using a lure more often deployed by technology startups in its bid to gain a foothold in one of world's most competitive air-travel markets.
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Indian Airline Stocks Soar After Covid Rules Are Changed
Shares of Indian airline operators jumped on Wednesday after the country's civil aviation ministry allowed domestic flights to fly at full capacity from Oct. 18, lifting pandemic-led restrictions ahead of the festive season.
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What's Next For Jet Airways After Founder Naresh Goyal's Exit: Ten Points
Jet Airways founder-chairman Naresh Goyal and his wife, Anita, resigned from the airline's board of directors today while state-run lenders announced a Rs 1,500 crore bailout plan. The two took the step at a time when a majority of its fleet has been grounded amid non-payment of dues to banks, suppliers, pilots and lessors. The total debt of the tr...
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Travel Chaos Worsens As US-Iran Conflict Shuts Key Middle East Airports
Travel chaos extended through the Middle East and beyond, sending airline stocks sharply lower on Monday, as carriers across the Persian Gulf extended blanket flight suspensions, causing major disruptions at some of the world's busiest airports.
-
IndiGo Stock Plunges 10%, Wiping Out Rs 37,000 Crore In Market Value
InterGlobe Aviation Limited, the parent company of IndiGo, saw its market value shrink sharply on Monday as the airline continued to grapple with one of the worst travel disruptions in India's aviation history.
-
SpiceJet's Big Reveal: Airline Hasn't Paid Rs 355 Crore In PF And Tax Dues
SpiceJet has not paid Rs 135.3 crore in Provident Fund payments to employees for periods from April 2020 to August 2023, the airline said in a document filed with the Bombay Stock Exchange.
-
Microsoft Cloud Outage LIVE: Stock Exchanges Unaffected By Global Outage
Airline systems across airports, which were impacted due to a global IT outage on Friday, have started working normally, and all issues are likely to be resolved by noon today, Civil Aviation Minister K Rammohan Naidu said.
-
"Will Honour His Legacy, Values": Akasa Air On Rakesh Jhunjhunwala's Death
Ace stock market investor Rakesh Jhunjhunwala, who was also the co-founder of Akasa Air - India's newest airline - which took to the skies last week, died this morning at a Mumbai hospital due to a cardiac arrest.
-
Rakesh Jhunjhunwala Dies At 62, Week After 1st Flight Of His Akasa Air
Ace stock market investor Rakesh Jhunjhunwala died this morning at a Mumbai hospital. He was also the co-founder of Akasa Air, India's newest airline which began commercial operations last week.
-
SpiceJet flights To Be Reinstated Gradually, Says Regulator DGCA
The Directorate General of Civil Aviation will allow SpiceJet to reinstate flights in a "graded manner" once the airline shows it has sufficient engineering strength and the ability to stock up spares, the aviation regulator told Reuters.
-
Rakesh Jhunjhunwala's Airline, Launching In May, Makes Unusual Move
Akasa, an airline backed by billionaire Rakesh Jhunjhunwala, plans to offer stock options to attract staff, using a lure more often deployed by technology startups in its bid to gain a foothold in one of world's most competitive air-travel markets.
-
Indian Airline Stocks Soar After Covid Rules Are Changed
Shares of Indian airline operators jumped on Wednesday after the country's civil aviation ministry allowed domestic flights to fly at full capacity from Oct. 18, lifting pandemic-led restrictions ahead of the festive season.
-
What's Next For Jet Airways After Founder Naresh Goyal's Exit: Ten Points
Jet Airways founder-chairman Naresh Goyal and his wife, Anita, resigned from the airline's board of directors today while state-run lenders announced a Rs 1,500 crore bailout plan. The two took the step at a time when a majority of its fleet has been grounded amid non-payment of dues to banks, suppliers, pilots and lessors. The total debt of the tr...
