You Searched For "flight operations"

Apax Funds make $450m investment in IBS Software

Apax Funds make $450m investment in IBS Software

15 May 2023 8:32 AM GMT

Following the transaction, Apax will partner closely with IBS Software’s Founder and Executive Chairman, V K Mathews, who will remain the majority...

The group has already received approval of key stakeholders, including founder Naresh Goyal and Etihad Airways, which hold 51 percent and 24 percent stakes respectively in Jet. Of Goyal’s 51 percent, 31.2 percent is pledged with lenders.

Jet Airways announces temporary suspension of flight operations

18 April 2019 5:14 AM GMT

April 18, 2019: Jet Airways flew its last flight on Wednesday night—9W 2502 from Amritsar to Mumbai—after lenders declined to hand out emergency...