Jet Airways
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PSBs continue with 180 days to resolve Jet
Business | Apr 07, 2019, 05:58 PM ISTOfficial sources in the Finance Ministry said that banks have informed the ministry that they were not ready to wait endlessly to restore health of the beleaguered airline and if attempts to bring in a strategic investor fails or is not completed by June 30, lenders may immediately initiate bankruptcy proceedings against Jet.
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Indian Oil Corporation resumes fuel services to Jet Airways
India | Apr 05, 2019, 05:40 PM ISTIndian Oil Corporation (IOC) resumed aviation fuel supply to Jet Airways after airline assured of payment on Friday.
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Indian Oil Corporation stops fuel supply to Jet Airways
India | Apr 05, 2019, 05:09 PM ISTIndian Oil Corporation (IOC) stopped fuel supply to the struggling carrier Jet Airways for non-payment on Friday.
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Jet Airways' lenders to invite bids for stake sale on April 6; also ready to look at other options
Business | Apr 04, 2019, 10:53 PM ISTThe expressions of interest for selling stake in the ailing airline would be invited on April 6 and the last date for submission of bids would be April 9, a statement issued by the SBI on behalf of 26 lenders said.
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Have agreed to every condition laid down by Jet Airways' lenders: Naresh Goyal
India | Apr 03, 2019, 09:38 PM ISTThe crisis-hit carrier is set to undergo a debt resolution whereby lenders will take control and also infuse funds worth Rs 1,500 crore.
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Jet Airways shares dip over 5 per cent after grounding of 15 more planes
Business | Apr 03, 2019, 05:09 PM ISTOn the BSE, the stock closed at Rs 251.10, shedding 5.21 per cent from the previous close. Intra-day, it had slumped 6.37 per cent to Rs 248.
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Jet Airways pilots defer to April 15 its decision not to fly
India | Mar 31, 2019, 05:28 PM ISTA major crisis at the struggling carrier Jet Airways was averted on Sunday after its pilots body National Aviator's Guild (NAG) deferred to April 15 its call of halting operations.
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Jet Airways expresses inability to clear pilots' dues, says could only remit balance 87.50 per cent of December pay
Business | Mar 31, 2019, 07:57 AM ISTLast week, SBI-led consortium of lenders became the owner of Jet Airways after its founder-chairman Naresh Goyal along with his wife Anita stepped down from the board under a debt-rejig plan.
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Jet Airways has set target of flying 40 additional aircraft by April-end: Govt
Business | Mar 26, 2019, 10:20 PM ISTFor last few weeks, the full-service carrier has been grounding its aircraft in tranches due to non-payment of dues to lessors, bringing down its operational fleet from 103 to just 35.
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Vijay Mallya lashes out at public sector banks for 'double standards' after Jet Airways bailout
Business | Mar 26, 2019, 09:47 AM ISTMallya had last month filed his application in the UK High Court, seeking permission to appeal against an extradition order signed by the British Home Secretary.
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No sacrifice too big to safeguard interest of Jet Airways: Naresh Goyal on stepping down
Business | Mar 25, 2019, 07:59 PM IST"For the sake of my family of 22,000 employees and their respective families, I have today taken the step of stepping down from the board of Jet Airways," he said in a statement issued by the airline.
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Jet Airways shares zoom 15.5 per cent as Naresh Goyal stepping down
Business | Mar 25, 2019, 04:48 PM ISTThe stock jumped 12.69 per cent to close at Rs 254.50 on the BSE. During the day, it rose sharply by 17.77 per cent to Rs 266.
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Founder-chairman Naresh Goyal, wife Anita quit Jet Airways board
Business | Mar 25, 2019, 04:07 PM ISTThe news of Goyals' departure from Jet Airways has had a favorable response in the share market. In afternoon trade, shares of Jet Airways rose nearly 15 per cent to Rs 261 on the BSE.
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With just one-fourth of operational fleet, Jet suspends services to 13 international routes till end-April
India | Mar 23, 2019, 08:18 AM ISTJet Airways, on the verge of going belly-up, has suspended operations on as many as 13 more international routes till end-April, besides scaling down frequencies on seven other overseas routes, mostly from Delhi and Mumbai, according to airline sources.
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Jet pilots look to board SpiceJet as IndiGo captains seek to abort their entry
India | Mar 22, 2019, 06:37 AM ISTThe harried pilots of Jet Airways, which is on the brink of shuttering operations, have now approached SpiceJet seeking employment.
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Jet Airways pilots threaten to stop flying from April 1
Business | Mar 19, 2019, 10:55 PM ISTMore than 200 pilots marched to Jet Airways' headquarters here after the meeting, which was held at a nearby hotel.
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Jet Airways has only 41 flights, to deal with attrition in coming weeks: DGCA
India | Mar 19, 2019, 06:50 PM ISTThe Jet Airways' Aircraft Maintenance Engineers' Union wrote to the aviation regulator on Tuesday morning that three months' salary was overdue to them and flight safety is at risk.
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Flight safety is at risk: Jet Airways engineers' union to DGCA
Business | Mar 19, 2019, 12:41 PM ISTThe airline's aircraft maintenance engineers' union wrote to the aviation regulator on Tuesday that three months of salary was overdue to them and flight safety "is at risk".
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Jet Airways grounds 4 more planes for non-payment of lease rentals
India | Mar 18, 2019, 12:37 PM ISTEarlier this month, Jet Airways Chairman Naresh Goyal said that more than 50 of its aircraft were not operating.
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Jet Airways' Naresh Goyal seeks immediate funding of Rs 750 crore from Etihad
India | Mar 11, 2019, 11:04 PM ISTWith regular grounding of aircraft, sources said close to 50 per cent of airline's fleet is not operational. Analysts said the situation is fast moving on the path taken by now defunct Kingfisher Airline.