Go Airlines Ltd owner Wadia Group is completely committed to the airline and had no plans to exit it, the airline’s chief executive told Reuters in an interview
Go Airlines Ltd owner Wadia Group is completely committed to the airline and had no plans to exit it, the airline’s chief executive told Reuters in an interview on Wednesday. His comments came a day after the cash-strapped Indian airline filed for bankruptcy, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet.
Boon for rivals Go First’s bankruptcy may boost airfares in India and give other domestic airlines a chance to grab a larger chunk of the market share, analysts said. Share prices of India’s largest airline, IndiGo, were up 5.1% on Wednesday, after rising as much as 8.2% earlier. “If the suspension is prolonged, other airlines that are adding capacity would look to avail the slots vacated by Go First and grab onto the market share,” Jefferies analyst Prateek Kumar said in a client note.
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Exclusive: India's Go First owner has no plans to exit airline -CEOIndia's Wadia Group, the owner of cash-strapped Go Airlines (India) Ltd, is completely committed to the company, and has no plans to exit it, the airline's chief executive said on Wednesday.
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The Hollywood Reporter’s Latinx Creatives Empowerment Brunch presented by Lucasfilm Ltd. and Zomos MezcalVisit the post for more.
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American Airlines pilots authorize a strike mandate(Reuters) -North American pilots took fresh steps on Monday to make workforce gains, with American Airlines Group Inc pilots backing a strike mandate and Air Canada pilots supporting a merger with a larger union. American Airlines pilots approved the mandate ahead of the busy summer travel season to further pressure the Texas-based carrier for a contract, although the chances of them actually walking off the job remain slim. The Allied Pilots Association (APA), which represents 15,000 American Airlines pilots, held a strike authorization vote in April, even as the two sides closed in on an agreement in principle.
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American Airlines stock falls after pilots vote ‘overwhelmingly’ to strike if necessaryShares of American Airlines Group Inc. fell 0.6% in premarket trading Monday, after the air carrier’s pilots voted “overwhelmingly” in favor of authorizing a...
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American Airlines Pilots Vote To Authorize StrikeA work stoppage remains unlikely due to the rules that govern collective bargaining in the airline industry.
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