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Rs 300 cr hole in Air India pocket due to Pakistan air space closure

NEW DELHI Air India has suffered losses of around Rs 300 crore since late February as its long haul flights from New Delhi are taking longer to reach destinations in Europe, the Gulf and the US because of the closure of Pakistan’s airspace. The Pakistani airspace has remained shut for traffic to and from India ever …

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Jet employees stage demo, appeal to govt to bail out airline

BENGALURU Around 100 staff members of the ailing Jet Airways Monday staged a demonstration here, urging the government to intervene and bail out the airline. Jet Airways had on April 17 announced temporary suspension of operations after it failed to receive emergency funds from lenders, leaving about 23,000 employees to face a bleak future. …

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IndiGo to gain most from Jet Airways collapse

NEW DELHI The country’s largest carrier IndiGo is set to consolidate its position and rule the skies following the collapse of its rival Jet Airways. “The biggest airline will gain the maximum, so IndiGo will corner the major chunk of the air traffic. It anyways has massive capacity expansion plans lined up for the coming months and …

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Jet issues gag order, fearing impact on stake sale

NEW DELHI The grounded Jet Airways has issued a gag order to its employees advising them to refrain from speaking with external stakeholders. An internal mail accessed by IANS suggests that talking with external stakeholders especially the media might impact the bidding process for airline’s stake sale. “We are currently at a critical stage …

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50 lakh jobs lost after note ban, youth worst hit: Report

NEW DELHI Nearly 50 lakh people in India lost their jobs between 2016-2018, a report said highlighting that the “beginning of the decline” coincided with demonetisation, although “no direct causal relationship could be established” between the trends. The report by Azim Premji University’s titled State of Working India was based on the CMIE-CPDX data …

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GAME, Facebook team up to help Indian entrepreneurs scale up

NEW DELHI Global Alliance for Mass Entrepreneurship (GAME) and Facebook Tuesday said they have collaborated to help small entrepreneurs in India build their businesses using digital platforms to aggregate demand, market products and acquire customers. The objective of this partnership is to ramp up job creation and to further empower entrepreneurs, in line with Facebook’s commitment …

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