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Jet Airways

Jet Airways Insolvency: JKC withdraws plea to put Rs 200 crore in escrow after NCLAT refuses relief

Jet Airways Insolvency: JKC withdraws plea to put Rs 200 crore in escrow after NCLAT refuses relief

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.

Air India appoints Jayaraj Shanmugam as head of global airport operations

Air India appoints Jayaraj Shanmugam as head of global airport operations

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.

NCLAT upholds Jet Airways transfer of ownership to Jalan Kalrock

NCLAT upholds Jet Airways transfer of ownership to Jalan Kalrock

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).

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Jet Airways crisis: PSBs kept public interest in mind, says Arun Jaitley

Jet Airways crisis: PSBs kept public interest in mind, says Arun Jaitley

Tue, Mar 26, 2019

Finance Minister Arun Jaitley has said the steps taken by the lenders to take control of the ailing Jet Airways by acquiring 51 per cent stake was guided by keeping legitimate self and public interests in mind.

Analysts welcome 'very belated changes' at Jet Airways

Analysts welcome 'very belated changes' at Jet Airways

Mon, Mar 25, 2019

Industry analysts welcomed the management changes at Jet Airways and the new debt-recast plan under which banks have taken over the control of the crippled airline and forcing founder-chairman Naresh Goyal and his wife out of board.

How Jet Airways remained afloat before final turbulence

How Jet Airways remained afloat before final turbulence

Mon, Mar 25, 2019

The question that appeared before most of Corporate India on monday is: how has Jet Airways managed to remain afloat until turbulence hit it hard.

Founder Naresh Goyal quits Jet Airways, sends emotional letter to employees, says 'not end of journey'

Founder Naresh Goyal quits Jet Airways, sends emotional letter to employees, says 'not end of journey'

Mon, Mar 25, 2019

Jet Airways founder and Chairman Naresh Goyal and his wife Anita, stepped down from the company's board on Monday. Goyal in an emotional letter to his employees said the decision is 'not the end of the journey but the start of a brand new chapter'.

Jet Airways chief Naresh Goyal exits, board clears conversion of lenders debt into equity

Jet Airways chief Naresh Goyal exits, board clears conversion of lenders debt into equity

Mon, Mar 25, 2019

As part of the Jet Airways Resolution Plan that has been tharshed out, the lenders will provide an immediate interim funding support of Rs 1,500 crore to Jet Airways.

Naresh Goyal's exit from Jet Airways could be the key to its survival

Naresh Goyal's exit from Jet Airways could be the key to its survival

Mon, Mar 25, 2019

Under the new plans, the future of 69-year-old Naresh Goyal as the head of the airline remains uncertain. Watch complete video to know more..

Expect buyer for Jet Airways by May 31, says SBI Chairman Rajnish Kumar

Expect buyer for Jet Airways by May 31, says SBI Chairman Rajnish Kumar

Mon, Mar 25, 2019

"June is too late. My expectation is 31st May... Market is open for everyone whosoever wants to come in. There will be expression of interest which will be given by April 9 and binding bid by April 30," SBI Chairman Rajnish Kumar told CNBC TV18.

Jet Airways: Naresh Goyal airline by the numbers

Jet Airways: Naresh Goyal airline by the numbers

Mon, Mar 25, 2019

Jet Airways chief Naresh Goyal's flight has finally landed, for good. The man who kept his premium airline afloat through thick and thin over the course of a quarter of a century has finally run out of ideas.

Jet Airways deal - Highlights: From Naresh Goyal quitting to Rs 1,500 cr funding, all you want to know

Jet Airways deal - Highlights: From Naresh Goyal quitting to Rs 1,500 cr funding, all you want to know

Mon, Mar 25, 2019

Jet Airways had grounded over 80 planes due to the financial crisis generated by a mountain of debt that it was not being able to service.

Founder Naresh Goyal off board from Jet Airways, reduces stake in airline

Founder Naresh Goyal off board from Jet Airways, reduces stake in airline

Mon, Mar 25, 2019

The Jet Airways Board met on Monday to decide on ways to procure interim funding and on the future role with the financially troubled airline of its promoter and founder Naresh Goyal. Watch complete video to know more..

Sad day for Indian aviation, wake up call for policymakers: SpiceJet chief on developments at Jet Airways

Sad day for Indian aviation, wake up call for policymakers: SpiceJet chief on developments at Jet Airways

Mon, Mar 25, 2019

SpiceJet chief Ajay Singh Monday said it was a "sad day" for Indian aviation as Naresh Goyal and his wife Anita Goyal stepping down from the board of Jet Airways.

The road ahead for Jet Airways and Naresh Goyal - Will financial woes end now?

The road ahead for Jet Airways and Naresh Goyal - Will financial woes end now?

Mon, Mar 25, 2019

Jet Airways Founder and Promoter, Naresh Goyal has resigned from the board of ailing airline company, which he founded around 25 years back. Goyal has reduced his share in the company to 25.5 per cent from 51 per cent.

Jet Airways to get Rs 1,500 cr 'immediate support'

Jet Airways to get Rs 1,500 cr 'immediate support'

Mon, Mar 25, 2019

The financially-struggling airline also announced the constitution of an Interim Management Committee "at the instructions of the lenders to manage and monitor the daily operations and cashflow of the company".

The Naresh Goyal Story: From flying 'solo' to stepping aside to save debt-hit Jet Airways

The Naresh Goyal Story: From flying 'solo' to stepping aside to save debt-hit Jet Airways

Mon, Mar 25, 2019

Naresh Goyal successfully managed to build Jet Airways into a world-class airline but not minus troubles. In April 2014 also, Jet Airways, 21 years old by then, was struggling.

Finally, Jet Airways chief Naresh Goyal quits

Finally, Jet Airways chief Naresh Goyal quits

Mon, Mar 25, 2019

Jet Airways' Chairman Naresh Goyal and his wife stepped down from the airliner's board on Monday. This comes in wake of the financial crisis at Jet Airways that saw its flights reduced drastically in an attempt to stay afloat. From Tatas to Etihad, those corporates interested in buying Jet Airways had been insisting that they would not step in to save the airliner till Naresh Goyal quit. Goyal's exit should pave the way for a return to stability, if everything works out well for lenders, employees and the new buyers.

Naresh Goyal, wife Anita step down from board of cash-strapped Jet Airways

Naresh Goyal, wife Anita step down from board of cash-strapped Jet Airways

Mon, Mar 25, 2019

Jet Airways founder and Chairman Naresh Goyal and his wife Anita Goyal have decided to step down from the airline's board, according to Regulatory filing with SEBI today. The duo took this decision as the cash-strapped Indian carrier closes in on a rescue deal led by state-run banks.

18% rise! Is it Naresh Goyal's resignation impact on Jet Airways stock?

18% rise! Is it Naresh Goyal's resignation impact on Jet Airways stock?

Mon, Mar 25, 2019

Overall growth on Monday’s trading session was nearly 18% at Jet’s front, as the company touched an intraday high of Rs 266 per piece on the same index.

Jet Airways Chairman Naresh Goyal steps down, halves stake

Jet Airways Chairman Naresh Goyal steps down, halves stake

Mon, Mar 25, 2019

Jet Airways` Chairman Naresh Goyal and his wife will step down from the airline`s board, Indian television news channels reported on Monday, as the cash-strapped Indian carrier closes in on a rescue deal led by state-run banks.

Jet Board meets on interim funding, Naresh Goyal's future role

Jet Board meets on interim funding, Naresh Goyal's future role

Mon, Mar 25, 2019

The pilots, along with engineers and other highly critical segments of employees, have not been paid salaries from January 1, and have received only 12.5 per cent of their December pay.

Jet Airways financial woes: Good outcome from creditors-company negotiations better than insolvency, says govt official

Jet Airways financial woes: Good outcome from creditors-company negotiations better than insolvency, says govt official

Mon, Mar 25, 2019

The cash-strapped airline, which has been operating for over 25 years, is looking to restructure its debt, estimated to be more than Rs 8,000 crore, as well as raise fresh funds.

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