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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 suspends services to 13 international routes till end-April

Jet Airways suspends services to 13 international routes till end-April

Sat, Mar 23, 2019

Jet Airways, on the verge of going belly-up, has suspended operations on as many as 13 more international routes till end-April, besides scaling down frequencies on seven other overseas routes, mostly from Delhi and Mumbai, according to airline sources.

Jet Airways pilots say mortgaging jewellery to stay afloat

Jet Airways pilots say mortgaging jewellery to stay afloat

Fri, Mar 22, 2019

Beleaguered Jet Airways` pilots said on Friday they are suffering from massive financial stress caused by non-payment of salaries for the last three months, which has even forced some to mortgage jewellery and take short-term loans.

Jet Airways' lenders may acquire substantial stake in airline: Sources

Jet Airways' lenders may acquire substantial stake in airline: Sources

Fri, Mar 22, 2019

Lenders of Jet Airways are likely to pick up a substantial stake in the debt-laden airline till a new promoter is roped in, sources said. The process of getting a new promoter on board is likely to take another two to three months and once that happens, the banks would offload their stakes, they added.

Sources: Jet pilots heading to other airlines, Started giving interviews

Sources: Jet pilots heading to other airlines, Started giving interviews

Fri, Mar 22, 2019

We got to know from sources that 260 pilots of Jet Airways gave interview in SpiceJet airlines for their safe career in future. Jet Airways facing so much trouble with finances. Watch complete video to know more..

Jet Airways needs around Rs 10,000 cr worth of infusion

Jet Airways needs around Rs 10,000 cr worth of infusion

Fri, Mar 22, 2019

According to industry estimates, Jet`s total debt of Rs 8,000 crore in addition to payables such as vendors` dues worth Rs 15,000 crore, would require something more substantial than just Rs 1,000 crore that a consortium of public sector banks might muster up.

Your summer vacation may get costly: Airfares set to rise due to Boeing 737 Max ban

Your summer vacation may get costly: Airfares set to rise due to Boeing 737 Max ban

Fri, Mar 22, 2019

After the two fatal airline crashes, the Boeing 737 Max has been banned in India, something that impacts private carriers SpiceJet and Jet Airways immensely.

Jet Airways pilots look to board SpiceJet as IndiGo captains seek to abort their entry

Jet Airways pilots look to board SpiceJet as IndiGo captains seek to abort their entry

Thu, Mar 21, 2019

Jet Airways pilots had earlier been wooed by IndiGo with compensation for their pending salaries and other benefits, leading to murmurs of protests from its own pilots.

260 Jet Airways pilots, grounded planes lessors approach SpiceJet

260 Jet Airways pilots, grounded planes lessors approach SpiceJet

Wed, Mar 20, 2019

Jet currently has 1,900 pilots on its rolls. This are now being looked by all other domestic airlines, especially those who are looking at international expansion. Vistara has been permitted to fly abroad while SpiceJet, IndiGo and GoAir all have bullish overseas plans.

Working with all airlines to provide sufficient capacity, says civil aviation ministry

Working with all airlines to provide sufficient capacity, says civil aviation ministry

Wed, Mar 20, 2019

The grounding of aircraft by crisis-hit Jet Airways, grounding of Boeing MAX 737 planes by SpiceJet and curtailed schedule of IndiGo, among other factors, have impacted flight schedules.

Jet Airways' unused airport slots may be given to other domestic airlines

Jet Airways' unused airport slots may be given to other domestic airlines

Wed, Mar 20, 2019

Among others, representatives of Air India, SpiceJet, GoAir and IndiGo attended the meeting on Wednesday.

Banks making every efforts to save Jet Airways, avoid bankruptcy: Sources

Banks making every efforts to save Jet Airways, avoid bankruptcy: Sources

Wed, Mar 20, 2019

According to the sources, Banks making every efforts to save Jet Airways, avoid bankruptcy. Watch full video to know more.

SBI Chairman says, Lenders will make every effort to keep Jet Airways flying

SBI Chairman says, Lenders will make every effort to keep Jet Airways flying

Wed, Mar 20, 2019

State Bank of India (SBI) chairman Rajnish Kumar on Wednesday said the lenders of Jet Airways will make every effort to keep the embattled airline flying. Watch full video to know more.

Relief for Jet Airways! SBI says lenders will make every effort to keep airline flying

Relief for Jet Airways! SBI says lenders will make every effort to keep airline flying

Wed, Mar 20, 2019

A source said banks are trying to work out a revival plan for Jet Airways through a change in management. On getting a new player in Jet Airways, Kumar said, "No possibility is ruled out".

Jet Airways flight cancelled? Get air ticket refunds through this method - Know procedure here

Jet Airways flight cancelled? Get air ticket refunds through this method - Know procedure here

Wed, Mar 20, 2019

As multiple Jet Airways flights have been grounded due to financial problems, many people will be affected due to this. Now, the passengers of the cancelled flights have to make arrangement for their alternative flight and avail of their refunds.

Jet Airways operating only 41 aircraft, could reduce further, says DGCA

Jet Airways operating only 41 aircraft, could reduce further, says DGCA

Wed, Mar 20, 2019

DGCA said on Tuesday that Jet Airways is currently operating only 41 aircraft, just a third of its original fleet, as the debt-laden carrier struggles to finalise a rescue deal with lenders and its major shareholder Etihad Airways.

Will not fly if no clarity on Jet Airways' future: Pilots

Will not fly if no clarity on Jet Airways' future: Pilots

Wed, Mar 20, 2019

Jet Airways pilots` union on Tuesday decided to refrain from operating flights if they are not given complete clarity on the company`s resolution plan and future by March 31.

To rescue Jet Airways, government may turn to PSU banks

To rescue Jet Airways, government may turn to PSU banks

Wed, Mar 20, 2019

The government is likely to turn to public sector banks to rescue Jet Airways in an apparent bid to avert thousands of job losses weeks before the general election.

Jet Airways: Banks may infuse funds provided major shareholders pledge shares

Jet Airways: Banks may infuse funds provided major shareholders pledge shares

Tue, Mar 19, 2019

Founder Chairman Naresh Goyal and his family owns around 52 per cent stake in Jet Airways while Etihad, a strategic partner, has 24 per cent shareholding.

Another blow to Jet Airways: Pilots ask for salary, threaten to stop flying from April 1

Another blow to Jet Airways: Pilots ask for salary, threaten to stop flying from April 1

Tue, Mar 19, 2019

Earlier on Monday, Jet Founder and Chairman Naresh Goyal appealed to employees to remain patient and give the resolution process some time to complete.

Government directs aviation secy to hold emergency meet as Jet Airways cancels more flights

Government directs aviation secy to hold emergency meet as Jet Airways cancels more flights

Tue, Mar 19, 2019

Aviation Minister Suresh Prabhu on Tuesday directed his ministry's secretary to hold an emergency meeting on the debt-ridden Jet Airways massively cancelling flights after grounding of a large part of its fleet.

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