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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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Air India, To Cut Costs, Carries Food From India For Return Trips
Air India's Chairman and Managing Director Pradeep Singh Kharola said on Wednesday the airline has started carrying food from India for use during the journey back to the country, in an attempt to rationalise catering costs on international flights.
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Jet Airways Chief Meets Top Aviation Official As Airline's Stock Slides
Financially-challenged Jet Airways on Tuesday said its Chairman Naresh Goyal met Civil Aviation Secretary RN Choubey to discuss matters concerning the sector and the airline.
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These New Airport Lounges Are Designed To Fight Jet Lag
A stretching studio. Guided meditation sessions. Shower suites with light therapy. They sound like the features of a New Age spa. But all are elements of Qantas Airways' new international transit lounge at the Perth Airport. And they're all designed with one purpose in mind: helping you combat jet lag. As farther-apart cities become increasingly co...
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Cabinet Approves 100% FDI In Single Brand Retail Via Automatic Route
FDI during April-September this fiscal year grew by 17 per cent to $25.35 billion. FDI into India increased by 9 per cent to $43.48 billion in 2016-17.
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The World's Top Airline Stock Is India's SpiceJet With 124% Gain
Two and a half years after SpiceJet Ltd. was forced to ground its entire fleet on its inability to pay a mere $2.2 million in fuel bills, the budget airline has become the world's best-performing airline stock -- with $26 billion in plane orders to boot.
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United CEO Apologizes For 'Horrific Event,' Promises Review Of Policies
After two days of conflicting explanations, falling stock prices and worldwide outrage, United Airlines entered full mea culpa mode Tuesday, with its chief executive apologizing for the "horrific event" in which a passenger was dragged from a plane screaming after refusing a last-minute request to give up his seat to make room for a crew member.
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Vietnam's Bikini-Clad Carrier Seeks IPO To Be 'Emirates Of Asia'
VietJet Aviation Joint Stock Co., the Vietnamese carrier known for its bikini-clad flight attendants, may hold its initial public offering as early as the second quarter as it plans to build global routes and become a top budget airline in Asia.
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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.
-
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...
-
Air India, To Cut Costs, Carries Food From India For Return Trips
Air India's Chairman and Managing Director Pradeep Singh Kharola said on Wednesday the airline has started carrying food from India for use during the journey back to the country, in an attempt to rationalise catering costs on international flights.
-
Jet Airways Chief Meets Top Aviation Official As Airline's Stock Slides
Financially-challenged Jet Airways on Tuesday said its Chairman Naresh Goyal met Civil Aviation Secretary RN Choubey to discuss matters concerning the sector and the airline.
-
These New Airport Lounges Are Designed To Fight Jet Lag
A stretching studio. Guided meditation sessions. Shower suites with light therapy. They sound like the features of a New Age spa. But all are elements of Qantas Airways' new international transit lounge at the Perth Airport. And they're all designed with one purpose in mind: helping you combat jet lag. As farther-apart cities become increasingly co...
-
Cabinet Approves 100% FDI In Single Brand Retail Via Automatic Route
FDI during April-September this fiscal year grew by 17 per cent to $25.35 billion. FDI into India increased by 9 per cent to $43.48 billion in 2016-17.
-
The World's Top Airline Stock Is India's SpiceJet With 124% Gain
Two and a half years after SpiceJet Ltd. was forced to ground its entire fleet on its inability to pay a mere $2.2 million in fuel bills, the budget airline has become the world's best-performing airline stock -- with $26 billion in plane orders to boot.
-
United CEO Apologizes For 'Horrific Event,' Promises Review Of Policies
After two days of conflicting explanations, falling stock prices and worldwide outrage, United Airlines entered full mea culpa mode Tuesday, with its chief executive apologizing for the "horrific event" in which a passenger was dragged from a plane screaming after refusing a last-minute request to give up his seat to make room for a crew member.
-
Vietnam's Bikini-Clad Carrier Seeks IPO To Be 'Emirates Of Asia'
VietJet Aviation Joint Stock Co., the Vietnamese carrier known for its bikini-clad flight attendants, may hold its initial public offering as early as the second quarter as it plans to build global routes and become a top budget airline in Asia.
