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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 pilots discuss airline's current situation; may take final call on salary payment delays in March

Jet Airways pilots discuss airline's current situation; may take final call on salary payment delays in March

Wed, Feb 06, 2019

The source said, the main issue was regarding non-adherence to the salary payment schedule that was communicated to the pilots in December.

Jet Airways debt conversion into equity is going to be our first project under ‘Project Sashakt’: Rajnish Kumar, SBI

Jet Airways debt conversion into equity is going to be our first project under ‘Project Sashakt’: Rajnish Kumar, SBI

Tue, Feb 05, 2019

SBI's credit growth stands at around 16 per cent as far as the domestic book is concerned and I feel that we will be able to maintain it.

Unbelievable, but Jet Airways has an owl problem now, that too in this critical place on state of the art Boeing 777 plane

Unbelievable, but Jet Airways has an owl problem now, that too in this critical place on state of the art Boeing 777 plane

Mon, Feb 04, 2019

A wide-eyed owl found its way into the cockpit of a Jet Airways Boeing 777 that was parked for the night at Chhatrapati Shivaji Maharaj International Airport, officials said on Monday.

Jet Airways flight cancellations: Now, airline's schedule under DGCA monitoring

Jet Airways flight cancellations: Now, airline's schedule under DGCA monitoring

Fri, Feb 01, 2019

The airline on Wednesday denied this, stating that operational and fleet maintenance reasons were behind the grounds, which it said were of temporary nature. Jet currently has over 120 aircraft.

Jet Airways grounds 3 more planes on lease rental default; Cancels 19 flights

Jet Airways grounds 3 more planes on lease rental default; Cancels 19 flights

Tue, Jan 29, 2019

"Jet Airways has defaulted on aircraft lease rentals and it has been forced to ground three more narrow-body Boeing 737 planes," a source in the know of the development told PTI.

SBI set to own 15% of Jet Airways after debt for equity swap: Reports

SBI set to own 15% of Jet Airways after debt for equity swap: Reports

Tue, Jan 29, 2019

Jet Airways said on Monday it would seek a shareholder nod next month to convert existing debt into equity, raise more money and allow its lenders to nominate a director on its board as part of efforts to resolve its financing problems.

Flyers Alert! Jet Airways offer 50% discount on domestic, international flights; but there's a catch

Flyers Alert! Jet Airways offer 50% discount on domestic, international flights; but there's a catch

Tue, Jan 29, 2019

Booking window has already been open from January 24, and will be available till midnight January 30, 2019.

Flight ticket offers: Planning a trip? Check Air India, Jet Airways, IndiGo discounts

Flight ticket offers: Planning a trip? Check Air India, Jet Airways, IndiGo discounts

Mon, Jan 28, 2019

Planning a trip soon? Well, flying to domestic and international destination is cheaper than ever as Air India, Jet Airways and Indigo have rolled out deals offering massive discounts on air tickets. The airlines are offering a host of offers as part of Republic day celebration.

Etihad proposes hike in stake to bail out Jet Airways

Etihad proposes hike in stake to bail out Jet Airways

Tue, Jan 22, 2019

With no resolution forthcoming last week and a deadlock persisting, Abu Dhabi-owned Etihad has submitted an alternate proposal for a stake hike in Jet Airways.

Budget 2019 expectations: Jet fuel under GST bracket? Is there any good news in store for Jet Airways, SpiceJet, Indigo, Air India?

Budget 2019 expectations: Jet fuel under GST bracket? Is there any good news in store for Jet Airways, SpiceJet, Indigo, Air India?

Mon, Jan 21, 2019

Since the time GST took birth in India from July 2017, bringing ATF under this regime has always been a very controversial topic for Modi government.

Jet Airways shares fall again; lenders may take write-off - report

Jet Airways shares fall again; lenders may take write-off - report

Fri, Jan 18, 2019

Lenders to the airline are considering a plan to resolve its debt issues, top creditor State Bank of India (SBI) said on Thursday, while media reports said two main shareholders have yet to resolve their differences.

Jet Airways debt issue: Naresh Goyal in talks with SBI on resolution plan; shares do U-turn, rise over 5%

Jet Airways debt issue: Naresh Goyal in talks with SBI on resolution plan; shares do U-turn, rise over 5%

Thu, Jan 17, 2019

Jet Airways also clarified in regards to stock jump, saying, "unable to comment on the reasons for the increase in its stock price on stock exchanges."

Hope Jet Airways, Etihad, lenders reach a common plan to deal with the situation, says govt official

Hope Jet Airways, Etihad, lenders reach a common plan to deal with the situation, says govt official

Thu, Jan 17, 2019

In September 2012, the UPA government had allowed foreign airlines to invest up to 49 per cent in an Indian carrier provided substantial ownership and control remained with Indian nationals.

Jet Airways battle to stay in the air! Shares drop 10%, airline breaks silence on speculations

Jet Airways battle to stay in the air! Shares drop 10%, airline breaks silence on speculations

Wed, Jan 16, 2019

Jet Airways have known the corners of India through air since 1993, but who would have expected the airline to suffer through such a cash crunch despite fleet orders stored in line.

SBI along with other lenders, stakeholders working on resolution plan: Jet Airways

SBI along with other lenders, stakeholders working on resolution plan: Jet Airways

Wed, Jan 16, 2019

Crisis-hit Jet Airways Wednesday said State Bank of India along with other lenders and stakeholders is working on a comprehensive resolution plan to turnaround the airline.

Jet Airways shares sink over 8% amid uncertainty over open offer

Jet Airways shares sink over 8% amid uncertainty over open offer

Wed, Jan 16, 2019

Under market regulator Sebi's norms, entities have to make an open offer in case their shareholding in listed companies goes beyond a certain threshold.

Hope Jet Airways, Etihad, lenders reach a common plan, says govt official

Hope Jet Airways, Etihad, lenders reach a common plan, says govt official

Wed, Jan 16, 2019

"If any such thing (open offer exemption) is required, they will have to reach out to Sebi and it will take a call. That is something (open offer exemption) between Jet Airways, Etihad and Sebi. Government has no direct role in this," Choubey said.

Jet Airways debt: Aviation Minister Suresh Prabhu says govt won’t intervene in the private airline's issues

Jet Airways debt: Aviation Minister Suresh Prabhu says govt won’t intervene in the private airline's issues

Tue, Jan 15, 2019

Jet Airways had last month defaulted on loan repayment and salary payments to its employees.

Etihad to raise stake in debt-laden Jet Airways

Etihad to raise stake in debt-laden Jet Airways

Tue, Jan 15, 2019

The Etihad Airways is planning to hike its stake in debt-laden Jet Airways, a person close to the Abu Dhabi carrier told Reuters late on Monday, further driving up shares of the Indian airline.

Jet Airways chief Naresh Goyal gets big relief?

Jet Airways chief Naresh Goyal gets big relief?

Tue, Jan 15, 2019

Shares in India`s Jet Airways jumped over 18 percent on Monday after CNBC TV18 reported earlier on Monday that founder and chairman Naresh Goyal was likely to step down from the board and give up majority control. The report also said that Etihad may infuse more capital into Jet.

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