Articles for tag: Airways, Aviation, Bidders, Declares, dues, Escalating, Fail, Imminent, Indias, Jet, Liquidation, Pay, SBI, Sector, Tensions, Volatile

September 26, 2024

SBI declares Jet Airways’ liquidation imminent as bidders fail to pay dues, escalating tensions in India’s volatile aviation sector.

The State Bank of India (SBI) has expressed concern over the ongoing issues with the bankrupt airline Jet Airways, stating that the buyer, Jalan Kalrock Consortium (JKC), is refusing to pay outstanding dues. During a Supreme Court hearing, SBI indicated that liquidation may be the only option left for the airline, as JKC has failed ...

September 2, 2024

Market News

Business

Fighter Jet Crashes in Rajasthan: Pilot Safe Amidst Difficult Terrain

A fighter aircraft from the Indian Air Force crashed in Barmer district, Rajasthan, on Monday night. Fortunately, the pilot survived the incident, according to Superintendent of Police Narendra Meena. The crash occurred in a remote area, away from populated zones, which has helped prevent any reported loss of life. Firefighting teams are currently unable to ...