A defaulting promoter can be stopped only if the default is for over 12 months. In the case of Jet Airways, the default is only for three months - REUTERS
The development comes at a time when banks are looking to resolve the once premier airline’s debt issues outside the insolvency process
CAPA report sees domestic carriers posting better profits and gaining from more slots
Most Indian airlines lack widebodies for long-haul flights
India is a big aviation market and Air India provides the important domestic network but opportunities in the market are narrowing with Jet Airways ...
The Regional Labour Commissioner (RLC), which is hearing complaints of Jet Airways’ employees on issues related to delay in salary payments, has told ...
Lenders to Jet Airways might be staring at a rocky path ahead of them as the bidders have asked for a haircut of 70-75 per cent on the total ...
Naresh Goyal, ex-chairman and promoter of cash-strapped Jet Airways, and his wife Anita Goyal, have been told not to leave the country till further ...
Debt-strapped Jet Airways on Thursday said it was not in a position to consider and approve the audited financial result for the year ended March 31 ...
Elections over, all eyes are on government formation. Meanwhile, the fate of an entire airline hangs in balance
Meeting in Abu Dhabi with Etihad, SBI and AdiGro ends on a positive note
Domestic carriers flew 4.5 per cent less passengers at 1.09 crore in April, compared to 1.15 crore passengers in the same period last yearThe ...
The stock gained 8.61 per cent to Rs 163.85 on the NSE
Consultancy pitches for trimming costs all round to make airline competitive again
Diversified Hinduja Group is evaluating the opportunity to invest in Jet Airways, which has been grounded for more than a month now.Lenders to the ...
The lenders, whom Jet Airways owes over Rs 8,000 crore in debt, are offering 31.2 per cent-75 per cent stake in the company on a fully diluted basis
Among the three airlines listed on the exchanges, shares of Jet Airways and SpiceJet gained, while that of InterGlobe Aviation closed in red
A group of two employee unions along with a few top officials of Jet Airways have said that they were in discussions with investors to secure funding ...
With the top management of Jet Airways resigning en masse, State Bank of India, the lead lender to the airline, may seek put in place a ...
Lenders of Jet Airways are examining past allegations of fraud against the founder of Darwin Platform Group Company, which has offered to infuse ...
Proposals by investors, employees, British suitors among options being considered
Jet Airways shares fell as much as seven per cent after key management exits on Tuesday, while shares of rivals SpiceJet rose as much as 10 per cent ...
Jet Airways has terminated over 50 local and Indian employees in South East Asia, West Asia, Europe and UK.Mohammad Mansoor, Customer Service ...
The Regional Labour Commissioner (RLC) has advised the Civil Aviation Ministry and the Bureau of Civil Aviation Security to not cancel any airport ...
Mumbai, May 14 Top executives of Jet Airways including its Chief Executive Officer have resigned from the company in an indication that the airline ...
Jet Airways Limited's Chief Finance Officer (CFO) Amit Agarwal resigned with effect from Monday, May 13. The airline informed his resignation to the ...
Shares of Jet Airways on Tuesday plunged over 7 per cent, its second day of decline, after the company’s deputy chief executive officer and chief ...
Lenders looking to rope in other investors to prevent insolvency
Jet Airways Limited has received a notice from the Provident Fund office for the non-payment of Provident Fund dues for March 2019.The information was ...
Shares of Jet Airways Ltd fell as much as 11.4 per cent on Monday after media reports said a buyout offer from West Asian carrier Etihad Airways was ...
Gulf carrier says more investors needed to re-cap troubled airline
Jet Airways Ltd shares on Wednesday moved up as much as 7.1 per cent to ₹157.90 after a report that London-based Adi Partners has made a binding bid ...
Expressing serious concerns over spiralling airfares, traders’ body, CAIT, on Thursday wrote to Civil Aviation Minister Suresh Prabhu seeking ...
The e-auction, with a reserve price of ₹245 crore, is scheduled for May 15
The crisis gripping Jet is unlikely to affect the airport sector for now, given the latter’s PPP model
Seek direction to lender to release ₹1,500-crore interim funding
Shares of Jet Airways Ltd fell as much as 7.68 per cent to Rs 125.1.The Government sees little hope of a bidder emerging for debt-laden airline, two ...
Amid turbulence, hope is what keeps Jet Air staff going
This is the first time that the number of slots vacated by Jet Airways has been made public since it suspended operations
Likely to send notice to the debt-laden airline on payment of provident fund and gratuity
National Aviators Guild (NAG) — the pilot body of Jet Airways — has written to the Prime Minister’s Office, seeking a probe into Subramaniam Swamy’s ...
Can’t provide funds till bidding is over, banks tell CEO
All the efforts of the Jet Airways CEO to secure salary payments seem to have gone in vain. State Bank of India, the lead lender is “unable to make ...
Air Canada’s 24 MAX jetliners were grounded in March following the second crash
Domestic carriers set to acquire more aircraft to meet shortfall
In a letter addressed to Suresh Prabhu, Civil Aviation minister, Subramanian Swamy, member of parliament recommended merging Jet Airways with Air ...
Jet Airways has asked Jason Unsworth, founder and CEO of Atmosphere Airlines UK, to write to State Bank of India (SBI) if he is serious about bidding ...
Jet Airways’ engineers will make a silent appeal to save the airlines on Thursday. The protest has been planned at Terminal T2 in Mumbai.There will be ...
May place joint bid with NIIF and TPG Capital
This comes after budget carrier SpiceJet said it would hire 500 from Jet, including 100 pilots
But with over 20,000 Jet employees facing job losses, recruitment this year may be unenthusiastic
Airline expands market share to 47% in March, against 44% in Feb
Allaying apprehensions of the grounded carrier, Jet Airways, on its vacant slots, the Aviation Ministry on Tuesday said they are being allocated to ...
In the past three days, the scrip had plummeted 40.94 per cent.
Inks code-share partnership with Emirates
If there is viable and acceptable proposal to take over the company, Government must take over the airline or merge it with Air India, says the ...
Shares of Jet Airways Ltd on Monday plunged as much as 23.2 per cent to ₹ 126.65, their lowest level since March 13, 2009.It has seen about ₹ 1,534 ...
Domestic lenders worst hit; board to meet tomorrow to discuss future plans
Thousands of employees at now-shuttered Jet Airways might be staring at an uncertain future but other airlines will see “value” in hiring such ...
Air India Express, the international budget arm of Air India, is examining the possibility of leasing some Boeing 737 aircraft of grounded carrier Jet ...
A letter was given to Jaitley which stated that the airline is "a job provider with 16,000 regular employees and 6,000 contract employees"
Employees of Jet Airways have written to President Ram Nath Kovind and Prime Minister Narendra Modi seeking their intervention to recover outstanding ...
Corporate heads on Twitter, rival airlines offer to absorb them
Distressed employees of the grounded Jet Airways may take heart in the fact that rival airlines are hiring in a big way.While low cost carrier ...
Air India on Thursday announced special fares to international passengers of Jet Airways who have been stranded due to the grounding of the airline.
Amidst chaos in the aviation sector caused by the grounding of Jet Airways a few online travel aggregators (OTAs) and airline companies have come to ...
With no quick solution in sight, 22,000 employees face troubled times
Jet Airways has finally shut down after its repeated attempts to source funds failed. Incorporated in 1992 as a private limited company, its initial ...
SBI been leading the bid process to find a potential investor for the beleaguered airline and on May 10 the potential investor’s name will be declared ...
The airlines halts all its operations after lenders refuse emergency funding
Outcome of meet will decide whether or not pilots stop work
Think Equity, Redcliffe Capital and Adi Partners among potential bidders
Jet Airways’ woes are now spilling over to its joint venture partner Etihad Airways. An entity set up by Etihad to finance its global affiliates has ...
After discontinuing access to the lounge last month, Jet Airways may not provide in-flight entertainment services, too. The airline has recently ...
Even three weeks back, it might have been difficult to anticipate the spectacular unravelling of India’s second-biggest airline, Jet Airways. After ...
The last day for the submitting the bids is April 10
Suitors keep things under wraps; Etihad may emerge top contender
Some bidders such as Etihad may not be comfortable if Goyal is in the fray. This raises serious doubts on the entire process
Given that Jet Airways is not showing any signs of a quick revival, and the global grounding of the Boeing MAX aircraft is still continuing, the ...
Jet Airways’ pilots have sent a legal notice to the management seeking immediate release of salary payments. The pilots, through the union National ...
On April 11, both Etihad and NIIF have submitted Expression of Interest
Cash-strapped Jet Airways on Thursday grounded its services to and from the East and Northeast regions
At least five entities have expressed interest in acquiring a majority stake in Jet Airways
Naresh Goyal, the founder of Jet Airways, has withdrawn his bid to regain control of the airline. Goyal had submitted his expression of interest to ...
International flights scrapped till Thursday; board meeting today
Ceases all operations with immediate effect; getting a new buyer offers only hope
Banks can still disqualify him on technical or financial grounds
Jet Airways has sought emergency funds from banks and is currently operating only five planes, Civil Aviation Secretary Pradeep Singh Kharola said on ...
Shares of Jet Airways plunged nearly 19 per cent on Tuesday amid reports that the company is likely to temporarily shut down its operations.The scrip ...
If India’s second largest carrier had approached the NCLT earlier, much of this pain could have been avoided
Even as lenders to Jet Airways shortlisted four potential nvestors, the management of the ailing airline made a fresh plea for immediate interim ...
Jet Airways lenders on Thursday said they are reasonably hopeful of a successful bidding process for stake sale, a day after the cash-starved carrier ...
Faced with no other options, Jet Airways’ pilots are considering filing a plea with the National Company Law Tribunal (NCLT) to recover salary. The ...
Technocrat Sam Pitroda on the Congress, BJP, fiscal math and the idea of India
Air India Chairman Ashwani Lohani is likely to meet State Bank Chairman Rajnish Kumar on Friday over the national carrier’s plans to lease five ...
seeks Government’s immediate intervention so that banks are not pressurized to dole out further loans
The development comes at a time when banks are looking to resolve the once ...
CAPA report sees domestic carriers posting better profits and gaining from ...
Most Indian airlines lack widebodies for long-haul flights
India is a big aviation market and Air India provides the important ...
Debt-strapped Jet Airways on Thursday said it was not in a position to ...
The Regional Labour Commissioner (RLC), which is hearing complaints of Jet ...
Naresh Goyal, ex-chairman and promoter of cash-strapped Jet Airways, and ...
Lenders to Jet Airways might be staring at a rocky path ahead of them as ...
Elections over, all eyes are on government formation. Meanwhile, the fate ...
Meeting in Abu Dhabi with Etihad, SBI and AdiGro ends on a positive note
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