25
Saturday
May 2019
9:18 AM IST
News Headlines
Day after BJP''s massive victory, all eyes now on govt formation        Cong-JDS cabinet reposes faith in Kumaramaswamy after dismal show in LS polls        Surat: 19 students die as fire engulfs commercial complex        Britain''s Brexit-beaten Theresa May announces resignation, to step down on June 7        Two more Indian mountaineers die on Mount Everest, toll of Indians rises to 8        Nadal, Federer set up potential semifinal at Roland Garros        India, New Zealand seek tune-up in warm-up clash        Federer, Nadal threaten Djokovic bid for historic Slam        Uncertainty over Serena fitness, Osaka form at Roland Garros        Sensex, Nifty hit record highs as early trends hint at NDA win        Rupee rises 26 paise to 69.40/USD in early trade ahead of Lok Sabha elections outcome        Chinese man guilty of defrauding Apple out of 1,500 iPhones        US aviation regulator says Boeing hasn't submitted 737 MAX fix        Indian among 18 people arrested in Nigeria for illegal bunkering        US-Japan vision for Indo-Pacific serves as foundation for global partnership: White House        Rahul elected from Wayanad LS seat        Will approach party high command against Sidhu: Amarinder Singh        Amit Shah wins Gandhinagar seat by margin of 5.57 lakh votes        People of India decided Narendra Modi as PM, I fully respect it: Rahul Gandhi        BJP set to return to power as Modi wave sweeps most of India        
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Business News
rabhu seeks report on allocation of Jet Airways slots to other airlines
 
New Delhi: Civil Aviation Minister Suresh Prabhu has sought a report on the allocation of airport slots vacated by Jet Airways to other airlines, an official source said on Wednesday. In the wake of crisis-hit Jet Airways suspending operations, the ministry decided to allocate the vacant slots at the airports in the national capital and Mumbai to other carriers.

The move is part of larger efforts to increase capacity amid recent surge in airfares. According to the source, the minister has asked Civil Aviation Secretary Pradeep Singh Kharola for a report on the Jet Airways'' slots that have been allocated to other airlines so far. The report is to be submitted by May 11. The development also comes against the backdrop of concerns raised in certain quarters about the process being followed in temporary allocation of Jet Airways'' slots. The slots are being given to other airlines on an interim basis and decisions are taken by a committee set up by the ministry. Jet Airways has more than 440 slots at Mumbai and Delhi airports, a ministry official said last month. As per the source, the minister has asked the secretary to ensure that all slot allocations have been made on an interim basis by following all applicable guidelines in a transparent manner.

The source also said the minister has directed that a final decision on allocation of Jet Airways slots should not be taken till conclusion of the resolution plan that is being worked out by the airline''s lenders. The State Bank of India-led consortium of domestic lenders to Jet Airways has already sought bids for the ailing airline, which shuttered operations on April 17 after it ran out of cash. The list of final bidders is likely to be finalised this week. On Wednesday, Jet Airways gave a clarification to the stock exchanges regarding reports that Atmosphere Airlines has submitted an expression of interest along with Naresh Goyal and four other companies.

"The bidding process is initiated by and managed by SBI Capital Markets Ltd under a resolution plan undertaken by a consortium of domestic lenders led by State Bank of India. "The company is not involved in the bidding process and has no information with regard to same and is accordingly not in a position to comment," the airline said in a filing. Naresh Goyal is the founder of Jet Airways. Earlier on Wednesday, Goyal''s daughter Namrata Goyal said that her father is not part of any consortium. "I''m Naresh Goyal''s daughter and this is to clarify that hes not part of any consortium and this information is completely misleading and mischievous (sic)," she said in a tweet.


Sensex, Nifty hit record highs as early trends hint at NDA win
Rupee rises 26 paise to 69.40/USD in early trade ahead of Lok Sabha elections outcome
Chinese man guilty of defrauding Apple out of 1,500 iPhones
ILFS crisis: ED conducts fresh raids in Mumbai
Tata Motors shares fall 7 pc post quarterly results
Indices off record highs; Sensex trips 383 pts on profit-booking
Uber partners with ICC for Men''s cricket World Cup 2019
Markets soar in early trade; Sensex zooms 942 points, rupee gains 79 paise
Exports grow marginally, imports up 4.5pc in Apr
Jet Airways crisis: CEO, Deputy CEO resign
Demonetisation: ED attaches over Rs 2 crore assets in Axis Bank PMLA case
China hikes tariff on US products; says will not succumb to Trump''s pressure tactics
Andhra Bank net loss down by 51.34pc in Q4
Imminent crisis in NBFC sector: Corp Affairs Secy
China : Volvo to recall over six thousand cars
Pak to continue talks with IMF on bailout over weekend
Chinese envoy says trade talks with US have not broken down
Amazon's Bezos unveils lunar lander project 'Blue Moon'
UPL announces 26.75 pc stake buy in Allfresh
SBI reports net profit of Rs 838 cr in Mar 2019 quarter; trims bad loan ratio
KERALA NEWS
Rahul elected from Wayanad LS seat
 Thiruvananthapuram: Congress president Rahul Gandhi was Thursday declared elected from the Wayanad L  
LS polls candidate attacked in Kerala
Two women abort their plan to enter Lord Ayyappa temple Sabarimala
Kerala CM meets CEOs of leading business firms in Switzerland
INTERNATIONAL NEWS
Britain''s Brexit-beaten Theresa May announces resignation, to step down on June 7
 London: An embattled Theresa May announced Friday that she would resign as the UK''s Conservative le
Two more Indian mountaineers die on Mount Everest, toll of Indians rises to 8
US aviation regulator says Boeing hasn't submitted 737 MAX fix
Indian among 18 people arrested in Nigeria for illegal bunkering
NATIONAL NEWS
Day after BJP''s massive victory, all eyes now on govt formation
 New Delhi: As the BJP swept to power with a spectacular performance for a second term, all eyes are
Cong-JDS cabinet reposes faith in Kumaramaswamy after dismal show in LS polls
Will approach party high command against Sidhu: Amarinder Singh
Amit Shah wins Gandhinagar seat by margin of 5.57 lakh votes
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