Jet Airways
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Jet Airways may resume operations next year: Jalan-Kalrock consortium
Business | Dec 07, 2020, 05:34 PM ISTThe consortium of UAE-based businessman Murari Lal Jalan and London's Kalrock Capital - which has won the bid to revive Jet Airways - on Monday said it expects to start operating the airline by the summer of 2021.
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Vrihis Properties emerges as successful bidder for Jet Airways BKC premises
Business | Jun 27, 2020, 10:09 PM ISTCity-based Vrihis Properties has emerged as a successful bidder for the Jet Airways' Bandra Kurla Complex-situated premises and the company has "decided" to accept its offer at Rs 490 crore, now-defunct Jet Airways said in a regulatory filing on Saturday.
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ED opposes closure of probe against Naresh Goyal
Business | Jun 27, 2020, 04:19 PM ISTThe Enforcement Directorate (ED) has objected to the Mumbai Police filing a closure report in a cheating case registered earlier against now-defunct Jet Airways, its promoter Naresh Goyal, and his wife.
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NCLT allows Jet Airways to sell office in Bandra Kurla Complex
Business | Jun 14, 2020, 02:47 PM ISTThe NCLT has allowed Jet Airways to sell its premises in Bandra Kurla Complex (BKC) to settle Rs 360 crore dues of mortgage lender HDFC, clear overseas debt and cover corporate insolvency resolution process costs.
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Jet Airways offers two Boeing aircraft for evacuating Indians stranded overseas
India | May 25, 2020, 12:56 PM ISTJet Airways, which suspended services more than a year ago due to cash crunch, has offered two of its Boeing planes for operations under the Vande Bharat Mission to evacuate Indians stranded in foreign countries, according to a communication.
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Jet Airways' Committee of Creditors to meet on Thursday
Business | Mar 10, 2020, 07:54 PM ISTThe Committee of Creditors (CoC) of the insolvent Jet Airways is scheduled to meet on Thursday to discuss on the future course of action as it has not received any resolution plan from the suitors who had expressed their interest in the grounded airline.
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ED raid underway at ex-Jet Airways chairman's residence
News | Mar 05, 2020, 02:47 PM ISTEnforcement Directorate (ED) raid is underway at the residence of former Chairman of Jet Airways, Naresh Goyal.
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Midnight raid at Jet Airways founder Naresh Goyal's home
Business | Mar 05, 2020, 07:21 AM ISTThe Enforcement Directorate (ED) on Wednesday filed a fresh case of money laundering against Naresh Goyal, former chairman of the grounded Jet Airways, and the airlines.
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Jet Airways to sell Netherlands business to KLM Royal Dutch Airlines
Business | Jan 17, 2020, 10:45 AM ISTBankrupt Jet Airways plans to sell its Netherlands business to KLM Royal Dutch Airlines, according to a regulatory filing. The domestic full-service carrier, which shuttered operations last April, is undergoing insolvency resolution process.
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NCLT warns Jet Airways CoC of contempt proceedings
Business | Jan 08, 2020, 09:29 PM IST"We again reiterate and instruct the Committee of Creditors (CoC) to release the interim amount as required by the RP of the grounded airline, so that the corporate insolvency resolution process (CIRP) is completed and the assets of Jet are not devalued," Mumbai-bench of NCLT in its order said.
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Boeing 737 Max grounding, non-revival of Jet may drag down passenger growth to 4 pc in FY20: Crisil
Business | Dec 31, 2019, 08:20 PM ISTThe domestic traffic data in the April-September period, during which the passenger volume grew a mere 2 per cent, also reflects this estimate, rating agency said in its aviation outlook note.
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NCLT approves extension of Jet Airways insolvency resolution period by 90 days
Business | Dec 20, 2019, 05:08 PM ISTThe National Company Law Tribunal (NCLT) on Friday approved extension of Jet Airways insolvency resolution period by 90 days. The Committee of Creditors (CoC) sought extension of corporate insolvency resolution process (CIRP) of Jet Airways from the Mumbai bench of the NCLT in view of South America's Synergy Group wanting more time for due diligence and two new interests being shown for the grounded airline.
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Providing jobs to ex-Jet Airways employees not in our domain: Govt
India | Nov 27, 2019, 05:31 PM ISTThe Naresh Goyal-led Jet Airways, which was the largest private carrier at its time, was grounded on April 17 due to financial troubles. Jet Airways employed around 18,000 people, when the carrier suspended its international and domestic flights.
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Lufthansa to partner with Air India and Visatara in 2020
Business | Nov 24, 2019, 03:37 PM ISTWith Jet Airways shutting down in April, the Lufthansa airline group is planning to "strengthen" its partnership with Indian airlines like Vistara and Air India in 2020, the top Indian official of the largest European carrier said.
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Former Jet Airways CEO Vinay Dube joins GoAir in advisory role
India | Oct 19, 2019, 04:46 PM ISTDube had quite defunct Jet Airways on May 14, nearly a month after the airline ceased operations due to severe liquidity crisis.
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Jet Airways first Indian company to face cross-border insolvency
Business | Oct 17, 2019, 08:56 PM ISTIn a major breakthrough for India's insolvency mechanism which is still in its evolving stage, Jet Airways would be the first Indian company to undergo insolvency proceedings under the Cross Border Insolvency Protocol along with the Insolvency and Bankruptcy Code (IBC) of India.
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SpiceJet leases four Boeing 737 MAX planes from Jet Airways
Business | Sep 30, 2019, 11:08 PM ISTThe airline has inked a pact for leasing the four MAX aircraft, SpiceJet Chairman and Managing Director Ajay Singh told shareholders at the company's annual general meeting in New Delhi on Monday, according to a source.
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Hopes reignite for Jet Airways: NCLT asks lenders to release lifeline
Business | Sep 25, 2019, 08:30 PM ISTThe RP of Jet Airways had moved NCLT on September 20 seeking directions to the lenders, who own 51 percent in the airline since March, to release interim funds.
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Jet Airways founder Naresh Goyal questioned by Enforcement Directorate
India | Sep 06, 2019, 04:37 PM ISTThis is the first time that the central agency is grilling him after it conducted searches against him last year. Goyal's statement has been recorded under the Foreign Exchange Management Act (FEMA) at the agency's zonal office here, they said.
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ED raids Jet Airways founder Naresh Goyal's premises in Delhi, Mumbai
India | Aug 23, 2019, 04:40 PM ISTThe searches are being carried out under the provisions of the Foreign Exchange Management Act (FEMA) and are aimed at gathering additional evidence.