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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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DGCA monitoring Jet Airways' financial health, safety issues

DGCA monitoring Jet Airways' financial health, safety issues

Thu, Dec 20, 2018

Aviation regulator DGCA is assessing the "health" of cash-crunched Jet Airways on a fortnightly basis following a financial audit of the carrier in August this year

Jet Airways: Naresh Goyal's "turnaround" man Nikos Kardassis leaves the airline

Jet Airways: Naresh Goyal's "turnaround" man Nikos Kardassis leaves the airline

Sun, Dec 16, 2018

Nikos Kardassis, the former CEO of Jet Airways, who made a come back to the carrier in an advisory role and was tasked to turnaround the cash-strapped airline, has once again parted ways with it, a source said.

This is what Jet Airways' survival may depend on

This is what Jet Airways' survival may depend on

Sat, Dec 15, 2018

Jet, which has a mainly Boeing Co fleet, has delayed pre-delivery payments to the Seattle-based aircraft maker as well as to Airbus SE, and is overdue on its repair and maintenance contracts, two sources aware of the matter said.

In more trouble for cash-starved Jet Airways, SBI orders forensic audit by EY

In more trouble for cash-starved Jet Airways, SBI orders forensic audit by EY

Sat, Dec 15, 2018

The bank's action comes at a time when the Naresh Goyal-promoted airline is in talks with potential investors to raising funds to tide over the liquidity crisis.

Jet Airways tumbles 7% on Icra rating downgrade

Jet Airways tumbles 7% on Icra rating downgrade

Mon, Dec 10, 2018

Shares of Jet Airways Monday cracked over 7 per cent after the credit rating agency Icra downgraded the airline's long-term ratings.

Icra downgrades cash strapped Jet Airways' long-term ratings to 'C'

Icra downgrades cash strapped Jet Airways' long-term ratings to 'C'

Fri, Dec 07, 2018

The Naresh Goyal-promoted full service carrier has been in the red since the March quarter of the previous fiscal. Facing severe liquidity crunch, the airline has been defaulting on payment of salaries to its senior staff, including pilots and engineers since August as well as to some of the vendors.

Jet Airways to pay salaries to senior staff, but takes EMI-like route!

Jet Airways to pay salaries to senior staff, but takes EMI-like route!

Fri, Dec 07, 2018

Crisis-hit Jet Airways will pay salaries to its senior staff, including pilots, in instalments till April, sources said.

State of aviation in India: Skyrocketing! Demand soars majestically

State of aviation in India: Skyrocketing! Demand soars majestically

Fri, Dec 07, 2018

India recorded double-digit growth in domestic air passenger traffic for the 50th straight month in October as it continued to top the worldwide growth charts, an IATA report said Thursday.

Jet Airways tells union it will clear salary backlog by April: Source

Jet Airways tells union it will clear salary backlog by April: Source

Thu, Dec 06, 2018

Jet Airways is facing financial difficulties and owes money to pilots, lessors and vendors. The carrier and its second-largest shareholder Etihad Airways are in talks with Jet`s bankers on a rescue deal that may involve the Abu Dhabi-based airline increasing its stake from 24 percent.

Jet Airways seeks $350 mn soft loan from Etihad

Jet Airways seeks $350 mn soft loan from Etihad

Thu, Dec 06, 2018

Cash crunched Jet Airways has sought a soft financing of USD 350 million from its investment partner Etihad Airways, as it continues to hold discussions with the latter to offload additional stake in the carrier, an airline source said Thursday.

Aviation fuel cost gets cheaper by over Rs 8,000! Guess what Vijay Mallya has blamed for Indian airlines distress?

Aviation fuel cost gets cheaper by over Rs 8,000! Guess what Vijay Mallya has blamed for Indian airlines distress?

Thu, Dec 06, 2018

Boiling crude oil prices have given sleepless nights to these airlines, as their fuel purchase has taken a chunk out of their profits.

DGCA monitoring Boeing 737 MAX planes on daily basis

DGCA monitoring Boeing 737 MAX planes on daily basis

Thu, Dec 06, 2018

Aviation watchdog DGCA is monitoring on a daily basis the performance of Boeing 737 MAX aircraft apart from putting in place various measures to ensure there are no safety issues.

Jet Airways close to funding deal with Etihad? Here are details

Jet Airways close to funding deal with Etihad? Here are details

Wed, Dec 05, 2018

Debt-laden Indian carrier Jet Airways Ltd is close to finalising a deal under which shareholder Etihad Airways will inject fresh funds, news channel CNBC-TV18 reported late on Tuesday, citing sources.

Aviation funds crisis: Indian airlines need whopping Rs 35,000 crore capital

Aviation funds crisis: Indian airlines need whopping Rs 35,000 crore capital

Tue, Dec 04, 2018

Aviation funds crisis: Domestic carriers, which are grappling with high fuel cost and falling rupee coupled with cut-throat competition, would require a massive capital infusion over the next three-four years, rating agency Icra said. Check out the state of aviation in India in brief:

Aviation: Jet Airways stops free meals for domestic economy passengers

Aviation: Jet Airways stops free meals for domestic economy passengers

Mon, Dec 03, 2018

Jet Airways said, "In addition to the light and deal categories introduced earlier, Jet Airways will offer two more categories under economy travel saver and classic," adding that the latest revision in complimentary meals would be available only for economy passengers who booked their tickets under the flex option.

Big discounts on flight tickets! Check out Jet Airways, IndiGo, Air India and GoAir offers

Big discounts on flight tickets! Check out Jet Airways, IndiGo, Air India and GoAir offers

Mon, Dec 03, 2018

Airlines like IndiGo, Jet Airways, GoAir, and Air India are offering discounts on both domestic and international flight tickets. Starting at Rs 2,398, Jet Airways has announced additional frequencies across its network.

Good news Pune Citizens! Jet Airways launches nonstop international flight for you; now travel at this destination

Good news Pune Citizens! Jet Airways launches nonstop international flight for you; now travel at this destination

Mon, Dec 03, 2018

Singapore saw over 36,000 visitor arrivals from Pune in 2017 – the highest for an Indian city without a direct service.

Jet Airways crisis: Airline cancels 14 flights as pilots report 'sick' over non-payment of salaries

Jet Airways crisis: Airline cancels 14 flights as pilots report 'sick' over non-payment of salaries

Mon, Dec 03, 2018

Jet Airways cancelled at least 14 flights to various destinations on Sunday after some of its pilots reported "sick" over non-payment of their dues, sources said.

Web check-in: Customers not willing to pay, says survey after IndiGo row

Web check-in: Customers not willing to pay, says survey after IndiGo row

Sun, Dec 02, 2018

Through web check-in, passengers verify their presence on a flight online and seats can also be chosen.

Jet Airways financial crisis: The airline to withdraw flights from 7 Gulf routes

Jet Airways financial crisis: The airline to withdraw flights from 7 Gulf routes

Sun, Dec 02, 2018

Struggling to keep it afloat in the wake of a dismal financial performance in the last three quarters, Jet Airways is withdrawing its flight services on as many as seven Gulf routes from this month, a source said

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