Rolls-Royce Slowly Recovering from £2.9bn Loss

Engineering giant Rolls-Royce, a British aircraft engines manufacturer, plunged deep into losses last year, as it enhanced the charge for fixing issues with its Trent 1000 engines. It had earlier announced 2018 results reporting £2.9 billion in losses. The main reasons for such a massive setback as per the company are: long-overdue mechanical problematic issues […]

source http://www.ncairways.co/aviation/rolls-royce-slowly-recovering-from-2-9bn-loss/

Jet Airways’ Revival Hopes Persist

London-based investment firm Adi Partners on Wednesday formally placed its bid for Jet Airways, a day before the bid deadline ends.The company, which is led by Sanjay Viswanathan, former chief executive officer of Bangalore-based mid-cap information technology (IT) firm Sonata Software, said it was willing to tie up with Abu-Dhabi-based Etihad Airways for the bid. […]

source http://www.ncairways.co/aviation/jet-airways-revival-hopes-persist/

Boeing meets operators and lessors of 737 MAX, assures groundwork for resuming commercial flights

The report, by news agency Bloomberg, published on Wednesday (US time) said the meeting in Amsterdam on Tuesday was the first of about six sessions planned by Boeing around the world where executives would discuss how to maintain the aircraft that has been grounded following the Ethiopian Airlines and Lion Air crashes in March 2019 […]

source http://www.ncairways.co/aviation/boeing-meets/

Jet Airways’ office space put up for sale to recover HDFC’s Rs 414 crore

HDFC has put up crisis-hit Jet Airways' office space for sale with a reserve price of Rs 245 crore, as part of efforts to recover outstanding dues.

source http://www.ncairways.co/aviation/hdfc/

Jet’s Employees’ Union Approach SC to Direct SBI to Release Interim Funding

NEW DELHI, May 7. In early days, during an industrial unrest in India, the workers invariably used to get victimised since they lacked the necessary money and resources to lodge and pursue a case in a court of Law. Today, in the case of Jet Airways, the situation is different. The workers, especially the pilots […]

source http://www.ncairways.co/aviation/jets-employees-union-approach-sc-to-direct-sbi-to-release-interim-funding/

New claims ridicule Boeing in what has been called ‘The world’s Biggest Aviation Scandal’

Boeing engineers discovered the discrepancy “within several months” of the initial Max deliveries in May 2017, the company said. The disclosures followed criticism from airlines and crash victims’ relatives that Boeing hasn’t been forthcoming about issues with the 737 Max.

source http://www.ncairways.co/world-news/scandal/

Hope for Jet Airways’ Revival Persists

New Delhi:  One section of Jet Airways’ employees has already proposed to take over the management control of the grounded airline and arrange up to ₹3,000 crore from external investors which can infuse fresh lease of life in the crisis ridden Jet Airways.  Unions have been pleading with the government to ensure the airline is […]

source http://www.ncairways.co/aviation/hope-for-jet-airways-revival-persists/