Tue, May 28, 2024
The withdrawal comes after the National Company Law Appellate Tribunal (NCLAT) refused to give any relief to JKC. An NCLAT bench headed by Chairman Justice Ashok Bhushan said the matter is already before the Supreme Court.
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Mon, Apr 08, 2024
Shanmugam was the chief operating officer at the Bangalore International Airport Ltd (BIAL) and led the operationalisation of the new terminal 2.
Tue, Mar 12, 2024
"The impugned order passed by Adjudicating Authority (NCLT Mumbai) dated 13.01.2023 is upheld," said a two-member NCLAT bench. Besides, it has also directed the lenders of Jet Airways to adjust the Rs 150 crore paid by the consortium as performance bank guarantee (PBG).
Thu, Apr 11, 2019
Indigo’s two flight numbers 6E 5300 and 6E 5399 will be carrying passengers in and out from the airport. Apart from carrying domestic and international flights, Indigo will also fly new flights from Mumbai airport’s terminal 2.
The pledge was created on April 4 as "security for existing/ new borrowings taken by Jet Airways (India) Ltd," the filing to the BSE said.
Former Jet Airways chairman Naresh Goyal is likely to submit initial bids for stake in the airline on Thursday, sources said.
Key equity indices, Sensex and Nifty, witnessed steep decline on Wednesday after the International Monetary Fund (IMF) lowered global economic growth outlook to 3.3 per cent for this year.
Jet Airways: SBI Capital Markets, which had issued the expressions of interest (EoI) on April 8, extended the deadline for submission of initial bids to April 12.
Wed, Apr 10, 2019
Speculation was also rife that the lenders might give more time to the airline`s ex-Chairman Naresh Goyal or major equity owner Etihad Airways to participate.
As per industry insiders, some payments were made to the fuel retailer after the lenders provided an emergency funding relief of Rs 33 crore last Friday.
The DGCA announced on its website that seven de-registered Boeing aircraft belong to lessors such as Crolly Aviation, Mardal Aviation, Allenwood Aircraft Leasing, Dungarvan Aircraft Leasing, Elphin Aircraft Leasing, Carlow Aircraft Leasing and Ballyhaunis Aircraft Leasing.
Lenders of Jet Airways Wednesday extended the deadline for submission of initial bids for stake purchase in the ailing airline to April 12.
Tue, Apr 09, 2019
Crumbling Jet Airways has massively reduced its operations from its main hub Mumbai to just about 32 flights Tuesday, said an airline source.
Jet Airways pilots union sends notice to CEO over unpaid salaries. To know more watch the video
While varying possibilities are emerging, including the hunt for a new buyer and debt write-off, Jet Airways' viability has taken a hit.
Mon, Apr 08, 2019
The Expression of Interest document issued by SBI, lead lender in the consortium, offered a stake from 31.2% to 75% of the company on a fully diluted basis.
Under the debt resolution plan approved by the Jet Airways' board on March 25, lenders have taken a majority stake in the airline and are set to infuse Rs 1,500 crore.
Sun, Apr 07, 2019
Bankers are concerned if the airline can maintain the current fleet to stay operational until new investors are found.
Fri, Apr 05, 2019
Directorate General of Civil Aviation (DGCA) has started to schedule flight slots unused by the Jet Airways to other carriers. Watch this video to know more.
Shortage of planes from Jet Airways front, comes as a good news to other airlines especially Indigo and at some level SpiceJet as well. Jet’s rivals will be able to carry more passengers and hence will see market share increase.
Acute financial crunch has forced the airline to ground aircraft, cancel flights and delay payment of salaries, including to pilots.
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