The bids will then be evaluated according to guidelines by the civil aviation ministry, following which a buyer will be selected. The outer limit for the process is May-end. Transfer of control to the buyer will be effected by June-end.
Addis Ababa, March 23, 2019 (FBC) – Ethiopian Airlines disclosed that it will sue two US-based newspapers, The New York Times and Washington Post, for publishing baseless defamatory stories. The New York Times alleged that the Ethiopian pilot who crashed B-737-8 MAX Boeing Max 8 “didn’t receive training”, while the Washington Post too carried “baseless […]Continue Reading
As Etihad has withdrawn from the resolution plan, it has now become apparent that only a government intervention can rescue Jet Airways.Continue Reading
Banks are likely to infuse fresh funds into cash-strapped Jet Airways if……there is a big IF. It is whether major shareholders of the airline – Etihad and Founder Chairman Naresh Goyal- would like to pledge their shares as collateral security. With Jet Airways unable to get fresh funds, the options are becoming limited now. The […]Continue Reading
In a tweet, the ministry Wednesday said it was working with all airlines to provide sufficient capacity and is monitoring safety as well as compliance levels on a daily basis.Continue Reading
Jet Airways pilots had earlier been wooed by IndiGo with compensation for their pending salaries and other benefits, leading to murmurs of protests from IndiGo’s own pilots. The largest airline has been facing acute shortage of cockpit crew, leading to cancellation of hundreds of its flights last month.Continue Reading