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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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Mumbai to Bengaluru airfare alert! Jet Airways, SpiceJet, Indigo flight tickets jump by 346% to 638% on Tuesday

Mumbai to Bengaluru airfare alert! Jet Airways, SpiceJet, Indigo flight tickets jump by 346% to 638% on Tuesday

Tue, Feb 19, 2019

Both Mumbai and Bengaluru have undergone runway shutdown. While Bengaluru’s shutdown will last till February 24, Mumbai’s repair maintenance operation will continue till March 2019 end.

Jet Airways likely to get over Rs 3,000 cr funds; Naresh Goyal might remain the promoter

Jet Airways likely to get over Rs 3,000 cr funds; Naresh Goyal might remain the promoter

Sun, Feb 17, 2019

On February 14, Jet Airways' board approved a Bank-Led Provisional Resolution Plan (BLPRP), whereby lenders would become the largest shareholders in the airline.

Jet Airways: JPPL stake sale put on backburner

Jet Airways: JPPL stake sale put on backburner

Fri, Feb 15, 2019

"We will continue to work on the stake sale in JPPL (Jet Privilege Private Limited) but not immediately and that is why it is not part of the resolution plan," Jet Airways' Chief Financial Officer Amit Agarwal said during a conference call for discussing the third quarter results.

Who will be Jet Airways new owner? Naresh Goyal's airline slipping away from his grasp

Who will be Jet Airways new owner? Naresh Goyal's airline slipping away from his grasp

Fri, Feb 15, 2019

Jet Airways Board considered and approved a bank led Provisional Resolution Plan (BLPRP). The BLPRP proposes restructuring in order to meet a funding gap of nearly Rs 8500 crore, which is to be met by an appropriate mix of equity infusion, debt restructuring, sale/sale and lease back/refinancing of aircraft, among other things.

Ailing Jet Airways to be nationalised? Government starts backdoor initiates - Here are details

Ailing Jet Airways to be nationalised? Government starts backdoor initiates - Here are details

Fri, Feb 15, 2019

In a major move on Thursday, the government, through its bankers, undertook a backdoor nationalisation of Jet Airways Ltd.

Jet Airways posts Rs 588 cr standalone net loss for Q3

Jet Airways posts Rs 588 cr standalone net loss for Q3

Thu, Feb 14, 2019

Jet Airways here on Thursday reported Rs 587.7 crore standalone net loss for the third quarter ended December 31, 2018. It had reported a net profit of Rs 165.25 crore during the year-ago period.

Delhi weather update: Airlines asks fliers to check for their flight status as rain lashes national capital

Delhi weather update: Airlines asks fliers to check for their flight status as rain lashes national capital

Thu, Feb 14, 2019

Delhi weather update: JetAirways has cancelled a number of its flight to and from Bengaluru airport due to partial closure of the airspace on account of Aero India show.

DGCA reviewing Jet Airways flights' schedule every 15 days, says official

DGCA reviewing Jet Airways flights' schedule every 15 days, says official

Wed, Feb 13, 2019

When contacted, a Jet Airways spokesperson said the airline's base schedule for Winter 2018 has been approved by the Directorate General of Civil Aviation (DGCA).

IndiGo to cancel 32 flights today; Jet Airways' operations affected during weekend

IndiGo to cancel 32 flights today; Jet Airways' operations affected during weekend

Mon, Feb 11, 2019

Ever since a hailstorm lashed the national capital and surrounding areas on February 7, budget carrier IndiGo has been rescheduling and cancelling flights, including during the weekend.

Jet Airways flight cancellation charges changed: Check how much you will have to pay now

Jet Airways flight cancellation charges changed: Check how much you will have to pay now

Mon, Feb 11, 2019

Jet Airways has revised its change and cancellation fees for its flights within India, based on the number of days prior to the travel date that the change or cancellation is made.

Jet Airways cancels flights due to operational reasons

Jet Airways cancels flights due to operational reasons

Mon, Feb 11, 2019

Crisis-hit Jet Airways Sunday cancelled more than 10 flights due to operational reasons, according to a source. On February 7, the airline said four of its aircraft have been grounded due to non-payment of lease rentals.

Jet withdraws flight service to Guwahati and Delhi from Aizawl

Jet withdraws flight service to Guwahati and Delhi from Aizawl

Sun, Feb 10, 2019

After the withdrawal of flights to Guwahati and Delhi from here by Jet Airways, Mizoram now has direct air link with Kolkata only, officials said Sunday.

Jet Airways cancels 123 flights due to Mumbai airport runway shutdown; your ticket price to skyrocket

Jet Airways cancels 123 flights due to Mumbai airport runway shutdown; your ticket price to skyrocket

Fri, Feb 08, 2019

Jet Airways Mumbai airport flight update: The Chatrapati Shivaji Maharaj International Terminus (CSIA) has announced that it will shut runways for repair and maintenance from 1100 hours to 1700 hours over a number of days.

At Mumbai airport, 270 flights delayed, 230 cancelled; Jet Airways, SpiceJet send alerts; airfare jump adds to bitter experience

At Mumbai airport, 270 flights delayed, 230 cancelled; Jet Airways, SpiceJet send alerts; airfare jump adds to bitter experience

Fri, Feb 08, 2019

What has happened is that, from February 07, 2019, Mumbai airport has been going through a shutdown process from 1100 hours to 1700 hours for some major repairs. This process will continue up till March 2019.

Jet Airways board meet on February 14 to approve December quarter results

Jet Airways board meet on February 14 to approve December quarter results

Fri, Feb 08, 2019

Meanwhile, in a filing to stock exchanges Thursday, Jet Airways said four planes have been grounded due to non-payment of amounts outstanding to lessors under lease agreements.

Amid Jet Airways crisis, here is what Jayant Sinha said

Amid Jet Airways crisis, here is what Jayant Sinha said

Fri, Feb 08, 2019

The full-service carrier, which has completed 25 years of operations, is looking to restructure debt as well as raise funds.

Jet Airways raises Rs 250 cr from advance ticket sales to Jet Privilege

Jet Airways raises Rs 250 cr from advance ticket sales to Jet Privilege

Fri, Feb 08, 2019

Last October, the airline received around Rs 258 crore from advance sale of tickets to Jet Privilege.

Flyers alert! Jet Airways grounds 4 planes over non-payment problem

Flyers alert! Jet Airways grounds 4 planes over non-payment problem

Thu, Feb 07, 2019

Crisis-hit Jet Airways Thursday said four of its aircraft have been grounded due to non-payment of lease rentals. Faced with acute financial problems, the airline is looking to restructure debt and raise fresh funds.

Jet Airways ticket cancellation penalty framework altered; check new rules

Jet Airways ticket cancellation penalty framework altered; check new rules

Thu, Feb 07, 2019

Jet Airways also announced imposition of cancellation charges of Rs 3,800 on "flex category" of business-class passengers from February 7 onward.

This is when Jet Airways pilots may take final call on salary delays

This is when Jet Airways pilots may take final call on salary delays

Wed, Feb 06, 2019

Pilots of crisis-hit Jet Airways this week discussed the current situation and are likely to take a final call next month in case the airline fails to adhere to the timeline set for partial payment of salaries, according to a source.

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