Aviation
IndiGo rules Indian skies as traffic increases 15.5% in Dec
20 Jan 2015
IndiGo, at present India’s only profit-making airline, had a 31 per cent market share, followed by Jet Airways and Air India
SpiceJet may cut 2,000 jobs, scale down operations to stay afloat
19 Jan 2015
The cash-strapped airline is planning to balance its aircraft versus employee ratio, indicating the prospects of a lay off
Marans exit SpiceJet, transfer ownership to Ajay Singh
15 Jan 2015
Like Kingfisher Airlines, SpiceJet too was on the brink of collapse, till help came from Ajay Singh, who helped set up the low-cost carrier in 2005
Ajay Singh, JPMorgan begin talks with SEBI on SpiceJet future
14 Jan 2015
Potential investors including co-founder Ajay Singh and US-based JPMorgan have begun discussions with the Securities and Exchange Board of India over their investment plan for the cash-strapped airline
Naresh Goyal pledges his entire 51% stake in Jet Air to PNB
14 Jan 2015
Jet Airways' main promoter and chairman Naresh Goyal has pledged his entire stake of 51 per cent in the carrier, valued at over Rs2,600 crore, to state-run Punjab National Bank
Around the corner? Air India finally posts profit in December
13 Jan 2015
Despite Centre for Asia Pacific Aviation's estimate that the Indian airline industry will post losses of up to Rs8,408 crore in FY15, Air India recorded a net profit of Rs14.6 crore in December
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