Over and out for Jet Airways as lenders start bankruptcy proceedings
A lenders’ consortium, led by State Bank of India (SBI), has given up on its rescue effort after finding no buyer for Jet Airways following months of action-packed search. The consortium on Monday decided to take the Naresh Goyal-founded airline to the insolvency court. Read on...
IndiGo moves away from Pratt & Whitney, places $20-bn order for CFM engines
IndiGo has ordered jet engines worth $20 billion from a joint venture of General Electric, US, and France’s Safran SA, the low-cost airline announced on Monday. With this, the