Jet Airways has lost many employees as the crisis unfolded.
Aviation in India has attracted entrepreneurs like moths to a flame but only a few have managed to survive and thrive in a sector which has become the graveyard of all kinds of airline business models − budget, full service and hybrid. Kingfisher was one of the biggest private initiatives but it failed.
Indian Immigration authorities on Saturday stopped former Jet Airways chief Naresh Goyal and his wife from travelling to London, an official said, a month after the debt-laden company grounded its fleet.
A businessman who mockingly threatened to hijack a plane to persuade his lover to quit her airline job and settle with him has been sentenced to life by an Indian anti-terrorism court.
In yet another milestone in the 5G journey, Etisalat successfully completed the first end-to-end 5G Standalone (SA) call in the UAE and has become the first operator in the Mena region to achieve this milestone.
British shoppers grew more cautious about their spending in the three months to September despite enjoying real growth in their wages, raising concerns about the health of the economy in the run-up to Brexit.
Quarterly results from four of the largest US banks showed that American consumers are helping to prop up the economy, even as recession fears have led businesses to pull back on spending and borrowing.