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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 shares hit upper circuit for 2nd session in row after airline announces to resume operations

Jet Airways shares hit upper circuit for 2nd session in row after airline announces to resume operations

Tue, Sep 14, 2021

For the second straight session, the shares of grounded Jet Airways were locked at an upper circuit of 5 per cent to Rs 87.65 per share on the BSE, as the aviation company is all set to start its domestic operations from the first quarter of 2022.

All set to FLY HIGH with Jet Airways! After nearly 2 years, Airline to RESUME domestic operations from Q1 2022 – stock hits upper circuit

All set to FLY HIGH with Jet Airways! After nearly 2 years, Airline to RESUME domestic operations from Q1 2022 – stock hits upper circuit

Mon, Sep 13, 2021

Almost after two years, the grounded Jet Airways is all set to spread its wings again in the sky, as the aviation company will begin its domestic operations from the first quarter of 2022,

Jet Airways: Staff grouping seeks Jyotiraditya Scindia's intervention to resolve issues

Jet Airways: Staff grouping seeks Jyotiraditya Scindia's intervention to resolve issues

Thu, Jul 29, 2021

A grouping of Jet Airways staff has sought the intervention of Civil Aviation Minister Jyotiraditya Scindia in addressing their issues with respect to the resolution plan of the Jalan Kalrock Consortium, which has emerged as the winning bidder for the defunct airline.

Jet Airways share movement news: Stock hit lower circuit - what investors must know

Jet Airways share movement news: Stock hit lower circuit - what investors must know

Thu, Jul 01, 2021

The shares of Jet Airways snapping the nine-session winning streak, hit a lower circuit of 5 per cent to Rs 126.45 per share on the BSE on Thursday as the debt-laden airline reported a loss of Rs 153.35 crore for the June quarter of FY20 as compared to Rs 1087.7 crore in the same period a year ago.

Jet shares hit 5% upper circuit as monitoring panel put in place

Jet shares hit 5% upper circuit as monitoring panel put in place

Wed, Jun 30, 2021

Shares of Jet Airways hit the 5 per cent upper circuit on Wednesday as the resolution process of the company has concluded and the seven-member monitoring committee has been constituted.

Jet Airways shares continue to rise; monitoring committee for airline in place

Jet Airways shares continue to rise; monitoring committee for airline in place

Tue, Jun 29, 2021

Continuing on its upward trajectory, shares of grounded Jet Airways gained nearly five per cent to touch its upper price limit on Tuesday. Since National Company Law Tribunal (NCLT) approved Jalan Kalrock Consortium's resolution plan for the airline on June 22, the scrip has been on the rise.

FLYING HIGH! Jet Airways share price continues to surge, stock jumps 16% in 3 sessions on the back of revival plan

FLYING HIGH! Jet Airways share price continues to surge, stock jumps 16% in 3 sessions on the back of revival plan

Wed, Jun 23, 2021

Surging for the third straight session on Wednesday, the shares of Jet Airways hit an upper circuit of five per cent to hit a new 52-week high for the second day in a row on the BSE today, amid revival plans.

Jet Airways shares more than halved since closure of operations in 2019 - Revival in sight with NCLT approval?

Jet Airways shares more than halved since closure of operations in 2019 - Revival in sight with NCLT approval?

Tue, Jun 22, 2021

Shares of Jet Airways, whose likely revival is in sight with NCLT approving a resolution plan, have lost more than half of their value since the airline shuttered operations more than two years ago.

Jet Airways' resolution plan gets approval from NCLT

Jet Airways' resolution plan gets approval from NCLT

Tue, Jun 22, 2021

The resolution plan of Jet Airways has been approved by NCLT Mumbai. However, its old slots have not been returned to Jet Airways. The NCLT has made it clear in the order that it will not have any right over the slot.

Jet Airways Resolution Plan: APPROVED by NCLT but Tribunal makes these aspects clear - All you need to know

Jet Airways Resolution Plan: APPROVED by NCLT but Tribunal makes these aspects clear - All you need to know

Tue, Jun 22, 2021

National Company Law Tribunal (NCLT) has approved the resolution plan of Jet Airways. However, the airline company will not be given its previous slots. The tribunal has made it clear to Jet Airways that the company has no rights over the slots and it will be the decision of the Director General of Civil Aviation (DGCA) to do so

Jet Airways share price hits UPPER CIRCUIT – Here is why

Jet Airways share price hits UPPER CIRCUIT – Here is why

Tue, Jun 22, 2021

As the National Company Law Tribunal (NCLT) on Tuesday cleared the resolution plan for Jet Airways, the shares of the company hit an upper circuit of five per cent to Rs 99.45 per share on the BSE intraday trade today, as compared to Rs 94.75 per share previous close.

Exclusive: Are Gupta brothers backing Jalans in Jet Airways deal too?

Exclusive: Are Gupta brothers backing Jalans in Jet Airways deal too?

Fri, Mar 19, 2021

Murari Lal Jalan, who is trying to buy Jet Airways, is backed by the Gupta brothers (Ajay, Atul, Rajesh Gupta) of South Africa who are accused of serious charges of corruption

Will Jalan be able to buy Jet Airways? Security clearance in doubt as DGCA steps in

Will Jalan be able to buy Jet Airways? Security clearance in doubt as DGCA steps in

Fri, Mar 19, 2021

We had also revealed the family and business links between Gupta Brothers and Murari Lal Jalan. These are the same Gupta brothers against whom many cases of corruption, bribery are going on in South Africa, and any business deal with them is banned in the United States

Exclusive: Are the infamous Gupta Brothers of South Africa secretly buying Jet Airways?

Exclusive: Are the infamous Gupta Brothers of South Africa secretly buying Jet Airways?

Fri, Mar 05, 2021

Are the Gupta Brothers of South Africa backing Murari Lal Jalan who bid to buy Jet Airways? Gupta brothers are facing many cases of corruption, bribery in South Africa and the United States has banned any business dealings with them.

Exclusive: Jet Airways deal will put country's airports at risk

Exclusive: Jet Airways deal will put country's airports at risk

Thu, Mar 04, 2021

Attempts to take over Jet Airways, which has been shut due to losses, have intensified. The winning bid was made by Jalan-Kalrock consortium, owned by Murari Lal Jalan, an Indian-origin businessman based in Dubai.

Kalrock Capital and Murari Lal Jalan plan for Jet Airways submitted to NCLT

Kalrock Capital and Murari Lal Jalan plan for Jet Airways submitted to NCLT

Fri, Nov 06, 2020

The resolution professional of Jet Airways has submitted the successful resolution plan of Kalrock Capital and Murari Lal Jalan for the bankrupt airline at the National Company Law Tribunal (NCLT).

Jet Airways may fly again in just months

Tue, Oct 20, 2020

The much-awaited Jet Airways' resolution is finally heading towards a success, with the resolution plan of Kalrock Capital and Murari Lal Jalan having been approved by the Committee of Crediors (CoC).

Jet Airways share price soars, hits upper circuit for 8th consecutive day, gives 261% return in 7 months

Jet Airways share price soars, hits upper circuit for 8th consecutive day, gives 261% return in 7 months

Mon, Oct 19, 2020

The consortium of Britain’s Kalrock Capital and UAE Entrepreneur Murari Lal Jalan has become the new owner of Jet Airways.

Kalrock Capital-Murari Lal Jalan consortium wins Jet Airways bidding

Kalrock Capital-Murari Lal Jalan consortium wins Jet Airways bidding

Sat, Oct 17, 2020

Giving a fresh boost to the airlines, Kalrock Capital-Murari Lal Jalan consortium has won the bid for Jet Airways. The consortium has got the majority of the votes polled by lenders. In a statement released on Saturday, the airline said that e-voting for the same ended on Saturday and the plan Murari Lal Jalan and Florian Fritsch was approved.

Stocks in Focus on August 25: LIC Housing Finance, Allcargo Logistics, Axis Bank to Phoenix Mills; here are expected newsmakers of the day

Stocks in Focus on August 25: LIC Housing Finance, Allcargo Logistics, Axis Bank to Phoenix Mills; here are expected newsmakers of the day

Tue, Aug 25, 2020

Stocks in Focus on August 25: LIC Housing Finance, Allcargo Logistics, Axis Bank, Phoenix Mills, etc. are expected newsmakers throughout the intraday trade session.

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