Etihad Airways is close to taking a stake in Jet Airways, the Abu Dhabi airline said on Monday after reporting a tripling in profits for last year. ...
01:56 AM, Feb 05, 2013
Abu Dhabi's Etihad Airways, close to a tie-up with Jet Airways, expects to complete due diligence on the deal in the next week, the Gulf carrier's chief executive said on Monday. The Jet deal would be the first foreign investment into India's aviation market after the government relaxed ownership rules in September 2012, and allowed foreign carriers to buy up to 49 per cent in domestic carriers. ...
05:55 PM, Feb 04, 2013
Sydney: Australia's Qantas Airways said on Saturday it was grounding all aircraft over a labour dispute, a move that would cost it $ 21.4 million a day. The airline said in a statement that from Monday evening it would lock out all employees over a protracted industrial dispute with the engineers association, pilots, catering and ground handling associations. An extended grounding would benefit domestic rival Virgin Australia and others such...
12:50 PM, Oct 29, 2011
