Jet Airways creditors’ meet ends without a deal
5 years, 11 months ago

Jet Airways creditors’ meet ends without a deal

Live Mint  

Mumbai: The lenders meet to resolve the crisis in Jet Airways Ltd, appeared to have ended inconclusively with neither of the companies involved, Jet Airways and Etihad Airways PJSC, issuing any statement at the end. “Matter of open offer exemption is for Jet Airways, Etihad Airways, Sebi to discuss,” Choubey said. Jet Airways, however, denied media reports on any communication by Etihad Airways to SBI, which is leading a group of domestic lenders, concerning a resolution plan for the carrier. It added that the resolution plan “contemplates various options on the debt-equity mix, proportion of equity infusion by the various stakeholders and the consequent change in the composition of the company’s board of directors.” Choubey said the government is yet to be apprised of any plan to resolve the debt of Jet Airways. “Jet Airways’ delivery of 737 Max planes are currently on hold pending approval of the airline’s turnaround plan,” said the person, requesting anonymity.

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History of this topic

Jet Airways liquidation: Why India needs a new regime to save airlines
1 month, 4 weeks ago

Jet Airways liquidation: Why India needs a new regime to save airlines

Live Mint  

Learning by doing is about the only way to master swimming, cycling or yoga, but does it apply to harnessing India’s Insolvency and Bankruptcy Code as well, particularly in the case of airlines? After Go Air, it is now Jet Airways’s turn to go into liquidation after an insolvency resolution process under IBC failed to sell the business as a …

Jet Airways' 1.43 lakh retail shareholders stare at wipeout after Supreme Court liquidation order
2 months ago

Jet Airways' 1.43 lakh retail shareholders stare at wipeout after Supreme Court liquidation order

Hindustan Times  

The 1.43 lakh retail shareholders of Jet Airways are now staring at a complete wipeout of their investments after the Supreme Court ordered the troubled airline's liquidation on Thursday, November 8, rejecting the Jalan Kalrock consortium’s takeover bid. Naresh Goyal, chairman of Jet Airways According to exchange data, retail investors currently own 19.29% of Jet Airways Ltd shares. This amounts …

Boeing sales tumble as the company gets no orders for the 737 Max for the second straight month
6 months, 4 weeks ago

Boeing sales tumble as the company gets no orders for the 737 Max for the second straight month

Associated Press  

Boeing received orders for only four new planes in May — and for the second straight month, none for its best-selling 737 Max, as fallout continues from the blowout of a side panel on a Max during a flight in January. Boeing also saw Aerolineas Argentinas cancel an order for a single Max jet, bringing its net sales for the …

India’s newest airline orders 150 Boeing Max aircraft, in good news for plane maker
11 months, 3 weeks ago

India’s newest airline orders 150 Boeing Max aircraft, in good news for plane maker

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy India’s newest airline will buy …

Air India seeks lessor jet delivery financing after record order
1 year, 9 months ago

Air India seeks lessor jet delivery financing after record order

Live Mint  

Air India has kicked off financing for a plane order worth tens of billions of dollars by asking leasing companies to submit proposals for sale-leaseback deals, the airline said on Monday as industry executives play down the impact of recent banking-sector turmoil on aviation. Air India Chief Executive Campbell Wilson confirmed the airline had gone to the leasing market with …

Explained | Air India’s mega aircraft deal with Boeing and Airbus
1 year, 10 months ago

Explained | Air India’s mega aircraft deal with Boeing and Airbus

The Hindu  

The story so far: Scripting history with the largest-ever aircraft order in the history of global aviation, Tata group-owned Air India on Tuesday announced jumbo deals with aircraft manufacturers Airbus and Boeing to acquire 470 jets at an estimated cost of Rs 6.4 lakh crore. pic.twitter.com/dKJbZVafzn — Boeing Airplanes February 14, 2023 The 777-9 will be the largest jet in …

Air India ordered 840 planes, including 370 optional buys, from Airbus, Boeing
1 year, 10 months ago

Air India ordered 840 planes, including 370 optional buys, from Airbus, Boeing

Hindustan Times  

Air India has ordered a total of 840 planes from Airbus and Boeing including 370 optional buys, said Nipun Aggarwal, chief commercial officer of the airline, said, in his social media post on Thursday. READ | Biden announces Air India-Boeing deal, vows deeper ties with Modi Aggarwal stated that the aircraft order demonstrates the vision and aspiration of Tata Group …

Air India reveals orders for 470 Boeing, Airbus jets
1 year, 10 months ago

Air India reveals orders for 470 Boeing, Airbus jets

Associated Press  

LONDON — Air India unveiled orders Tuesday for 470 Boeing and Airbus passenger jets as it races to tap surging demand for increasingly affordable air travel from the nation’s growing ranks of middle-class consumers. Toulouse, France-based Airbus will provide Air India 40 wide-body A350 Airbus aircraft and another 210 narrow-body A320neo planes, Tata Sons Chairman Natarajan Chandrasekaran said in the …

Air India places monumental order for approximately 500 planes from Airbus, Boeing: Report
1 year, 10 months ago

Air India places monumental order for approximately 500 planes from Airbus, Boeing: Report

India TV News  

In an effort to rebuild itself under its new owners, Air India has signed a massive contract for roughly 500 new planes worth more than $100 billion. Reportedly, this might be the airline's single-largest purchase ever as Air India is in a process to overhaul itself under the Tata Group with a fleet that is fuel-efficient. While the airline reached …

Jet Airways revival hits new snag as banks push back on funding
2 years, 1 month ago

Jet Airways revival hits new snag as banks push back on funding

Live Mint  

Lenders to bankrupt Jet Airways India Ltd. are resisting a court-approved resolution plan, further delaying the former No. The primary dispute is about whether the new owners of Jet Airways need to pay more money into the pension funds of ex-employees, the people said, asking not to be identified because they’re not authorized to speak publicly about the matter. Banks, …

Why Jet Airways 2.0 has yet to take off
2 years, 1 month ago

Why Jet Airways 2.0 has yet to take off

Live Mint  

Seventeen months since the National Company Law Tribunal approved the resolution plan for Jet Airways, the airline is yet to return to service. The consortium has deposited bank guarantees worth ₹150 crore, and says it will invest further only after the next steps of the resolution plan are fulfilled in terms of handover of the company. The resolution plan says …

Akasa Air Takes Delivery Of First 737 MAX Aircraft From Boeing In Seattle
2 years, 6 months ago

Akasa Air Takes Delivery Of First 737 MAX Aircraft From Boeing In Seattle

ABP News  

Akasa Air, which is going to launch its service soon, on Thursday took delivery of the first 737 MAX aircraft from Boeing in Seattle, USA, PTI reported. Akasa Air had on November 26 last year signed a deal with Boeing to purchase 72 MAX aircraft after the aviation regulator Directorate General of Civil Aviation gave the green light to MAX …

Boeing gets boost with long-awaited 737 MAX deal from British Airways owner
2 years, 7 months ago

Boeing gets boost with long-awaited 737 MAX deal from British Airways owner

Live Mint  

Boeing Co. won a key order for 737 MAX aircraft from the owner of British Airways, in a boost for the plane maker after losing a series of sales from longtime customers to rival Airbus SE. International Consolidated Airlines Group SA, which owns airlines including BA, Ireland’s Aer Lingus and Spain’s Iberia, said it placed an order for 50 of …

Jet Airways takes to the skies after three years: What’s in store for the once-bankrupt airline?
2 years, 8 months ago

Jet Airways takes to the skies after three years: What’s in store for the once-bankrupt airline?

Firstpost  

Jet Airways has already hired over 200 people across major operations, including former SpiceJet and Vistara executive Sanjiv Kapoor as its CEO. The airline plans to start operations in the September quarter of this year A Jet Airways test flight took to the skies on Thursday from Hyderabad Airport for the first time after a hiatus of three years. The …

Jet Airways 2.0: From launch date to benefits for flyers, CEO Sanjiv Kapoor reveals key details
2 years, 9 months ago

Jet Airways 2.0: From launch date to benefits for flyers, CEO Sanjiv Kapoor reveals key details

India Today  

Jet Airways is gearing up to take to Indian skies by October 2022, airline Chief Executive Officer Sanjiv Kapoor said. FACILITIES FOR FLYERS Newly appointed CEO Sanjiv Kapoor said that Jet Airways will offer two-class facilities for flyers as part of the airline's plan to return with a hybrid of no-frills and premium services. Kapoor said Jet Airways has 200 …

Boeing jet deliveries gain slight edge vs Airbus in January
2 years, 11 months ago

Boeing jet deliveries gain slight edge vs Airbus in January

Associated Press  

CHICAGO — Boeing scored a slight edge over Airbus in deliveries of commercial jets and a bigger advantage in new orders in January, thanks to a dispute between Airbus and Qatar Airways. Boeing said Tuesday that it delivered 32 commercial jetliners in January, a slight improvement over a year earlier despite the ongoing halt in shipments of is 787 Dreamliner …

SpiceJet, Boeing settle claims related to grounding of 737 Max aircraft
3 years, 1 month ago

SpiceJet, Boeing settle claims related to grounding of 737 Max aircraft

The Hindu  

SpiceJet on November 17 said it has entered into an agreement with the U.S.-based aerospace company Boeing to settle outstanding claims related to the grounding of 737 Max aircraft and its return to service. "SpiceJet is pleased to announce that it has entered into a settlement agreement with Boeing wherein Boeing has agreed to provide certain accommodations and settle the …

Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground
3 years, 5 months ago

Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground

The Hindu  

Billionaire Rakesh Jhunjhunwala’s plan to launch an ultra-low-cost airline, could give plane maker Boeing a chance to regain lost ground after the fall of one of its biggest customers, Jet Airways, two years ago, industry executives say. Mr. Jhunjhunwala, known as “India’s Warren Buffett” for his successful stock investments, plans to team up with former CEOs of IndiGo, the country’s …

United Airlines orders 270 jets, its biggest aircraft purchase ever
3 years, 6 months ago

United Airlines orders 270 jets, its biggest aircraft purchase ever

CNN  

New York CNN Business — United Airlines on Tuesday announced orders to buy 270 jets, the largest aircraft purchase in the company’s history and the biggest order by any airline in about a decade. But If they didn’t feel reasonably good about the return of market for flying, they wouldn’t be doing it.” Replacing smaller planes United will use most …

Explained | What are the challenges Jet Airways faces before it can take off again?
3 years, 6 months ago

Explained | What are the challenges Jet Airways faces before it can take off again?

The Hindu  

The story so far: Two years after Jet Airways — at the time India’s second-largest full-service airline — halted operations in 2019 as it ran out of cash, the carrier has a real chance at getting airborne again. When Jet Airways halted operations in 2019, the government distributed its airport slots among various other Indian carriers. At the time, the …

Kalrock-Jalan cleared to restart Jet
3 years, 6 months ago

Kalrock-Jalan cleared to restart Jet

The Hindu  

The National Company Law Tribunal, Mumbai, on Tuesday approved the resolution plan of Kalrock Capital and entrepreneur Murari Lal Jalan for the revival of Jet Airways two years after the airline shut down operations due to a cash crunch. “The Consortium maintains its stand that it wants to work alongside the Ministry of Civil Aviation, the Directorate General of Civil …

Boeing 737 Max Starts Receiving Fresh Orders As Countries Allow the Troubled Plane Back in the Air
3 years, 9 months ago

Boeing 737 Max Starts Receiving Fresh Orders As Countries Allow the Troubled Plane Back in the Air

News 18  

Boeing Co unveiled a new order for its 737 MAX, pushing its shares up 6% as it renews efforts to recapture investor confidence following a two-year safety crisis. Boeing said Miami-based private equity firm 777 Partners, which has a stake in Flair Airlines, agreed to buy 24 737-8 airplanes with an option to purchase a further 60. Reuters on Wednesday …

Boeing 737 MAX Starts Receiving Fresh Orders After FAA Approves Active Operations
3 years, 9 months ago

Boeing 737 MAX Starts Receiving Fresh Orders After FAA Approves Active Operations

News 18  

Boeing Co unveiled a new order for its 737 MAX on Friday, pushing its shares up 6% as it renews efforts to recapture investor confidence following a two-year safety crisis. Boeing said Miami-based private equity firm 777 Partners, which has a stake in Flair Airlines, agreed to buy 24 737-8 airplanes with an option to purchase a further 60. Reuters …

Boeing finally sees positive net orders for airplanes
3 years, 10 months ago

Boeing finally sees positive net orders for airplanes

Associated Press  

CHICAGO — Boeing Co. said Tuesday that it received more new orders than cancellations for commercial airplanes in February for the first time in 15 months. Boeing suffered several months when it reported no orders, as airlines parked unneeded planes and cut costs to conserve cash. Several of the February orders had been previously announced, including a United Airlines commitment …

United, predicting a rebound in travel, buys 25 Boeing 737 Max jets
3 years, 10 months ago

United, predicting a rebound in travel, buys 25 Boeing 737 Max jets

CNN  

New York CNN Business — United Airlines disclosed Monday one of its largest orders for the Boeing 737 Max jet since the aircraft was grounded in March 2019, agreeing to buy an additional 25 planes. United had just 14 737 Max jets in its fleet at the time of the aircraft’s March 2019 grounding following two fatal crashes that killed …

Jet Airways Operations Remain Tough, Uncertain Despite CoC Approval Of Revival Plan: Expert
4 years, 2 months ago

Jet Airways Operations Remain Tough, Uncertain Despite CoC Approval Of Revival Plan: Expert

ABP News  

It seems that troubles for the ailing Jet Airways isn’t getting over soon even as the committee of creditors has approved the airline's revival plan submitted by the Kalrock Capital-Murari Lal Jalan consortium. According to news agency PTI report, Kaul has said the "terms" accepted by the Jet Airways creditors did not make sense to CAPA.The committee of creditors has …

Boeing loses more jet orders
4 years, 4 months ago

Boeing loses more jet orders

CNN  

New York CNN Business — Boeing lost orders for another 43 jets in July. The latest canceled orders were for the 737 Max, its best-selling jet, which has been grounded since March 2019 following two fatal crashes that killed 346 people. But despite the extended grounding, Boeing didn’t start to see a stream of canceled orders until the Covid-19 pandemic …

Jet Airways Pays $13 Million to Take Ownership of Six Boeing Aircraft and Engines
4 years, 5 months ago

Jet Airways Pays $13 Million to Take Ownership of Six Boeing Aircraft and Engines

News 18  

Jet Airways, which is undergoing an insolvency resolution process, has acquired ownership of six Boeing aircraft along with engines, according to a regulatory filing. As per the filing, a buyout option was exercised whereby the company made payment of USD 13,000,000 to acquire ownership of six aircraft and engines. "One of the end-uses contemplated by the NCLT order is that …

Boeing is building the 737 Max again even though it is not yet approved to fly
4 years, 7 months ago

Boeing is building the 737 Max again even though it is not yet approved to fly

CNN  

New York CNN Business — Boeing restarted production of the troubled 737 Max Wednesday, even though the Federal Aviation Administration has yet to give its approval for the jet to fly again, and asdemand for new jets has ground to a near halt along with demand for air travel. Since the start of the Covid-19 pandemic that caused air travel …

Jet Airways: CoC decides to extend deadline for bids to 10 March after Russian Fund shows interest in grounded airline
4 years, 10 months ago

Jet Airways: CoC decides to extend deadline for bids to 10 March after Russian Fund shows interest in grounded airline

Firstpost  

The deadline for submitting the bids for Jet Airways, which is undergoing insolvency process, ended on Monday The Committee of Creditors of grounded airline Jet Airways decided to extend the deadline for submission of bids to 10 March on Tuesday as a new entity has evinced interest in the airline, according to a source. #aviation https://t.co/cJwhEuapr1 — CNBC-TV18 February 18, …

Jet Airways revival plan: Creditors panel to meet today, may decide on extending deadline to two suitors keen on crisis-hit airline
4 years, 10 months ago

Jet Airways revival plan: Creditors panel to meet today, may decide on extending deadline to two suitors keen on crisis-hit airline

Firstpost  

The second bidder, South America-based Synergy Group, did not submit a plan for Jet Airways and the group reportedly sought clarity on slots in the domestic and international routes of the grounded airline. Even as Jet Airways’ Committee of Creditors is to meet today to decide on extending deadline to two suitors that have evinced interest in the grounded airline, …

As liquidation threat looms, Jet Airways bidders still not ready
4 years, 11 months ago

As liquidation threat looms, Jet Airways bidders still not ready

Live Mint  

Bankrupt carrier Jet Airways India Ltd., once the nation’s biggest by market value, faces fresh warning signs as a deadline to avoid liquidation looms. The two shortlisted bidders Synergy Group Corp. and Prudent ARC Ltd. had both submitted expressions of interest in January, but haven’t yet cobbled together bidding groups. Short of a court judgment to the contrary, creditors are …

Jet Airways signs pact with KLM to liquidate Netherlands assets
4 years, 11 months ago

Jet Airways signs pact with KLM to liquidate Netherlands assets

Live Mint  

Jet Airways Ltd has entered into a conditional sale and purchase agreement with KLM Royal Dutch Airlines to liquidate the assets of the bankrupt airline in the European country. Two local creditors--H Esser Finance Company and Wallenborn Transport --filed a petition against Jet Airways in April 2019, citing unpaid claims worth around ₹280 crore. In September 2019, the National Company …

Jet Airways crisis: Debt-laden airline plans to sell Netherlands business to KLM; deal not to impact company's shareholding pattern
4 years, 11 months ago

Jet Airways crisis: Debt-laden airline plans to sell Netherlands business to KLM; deal not to impact company's shareholding pattern

Firstpost  

The insolvency resolution professional managing the affairs of Jet Airways said various options are being explored for the company’s resolution and maximising the value for its stakeholders. New Delhi: Bankrupt Jet Airways plans to sell its Netherlands business to KLM Royal Dutch Airlines, according to a regulatory filing. The insolvency resolution professional managing the affairs of Jet Airways said various …

Hinduja Group still interested in Jet Airways after approach by govt, banks; resolution professional invites fresh EoI for defunct airline
5 years ago

Hinduja Group still interested in Jet Airways after approach by govt, banks; resolution professional invites fresh EoI for defunct airline

Firstpost  

Earlier in June, the Hinduja Group had backed out of bidding for the Naresh Goyal-owned airline as they felt it was too risky for them to get involved due to the then ongoing government investigations and the insolvency pleas submitted by operational creditors at the NCLT, The Hinduja group is still keen to bid for the grounded airline, Jet Airways. …

Jet Airways fails to attract new bidders during extended deadline period; may go ahead with 3 entities who submitted EOIs: Report
5 years, 4 months ago

Jet Airways fails to attract new bidders during extended deadline period; may go ahead with 3 entities who submitted EOIs: Report

Firstpost  

With no new bidders emerging during this period, there are only three entities that had put in their initial bids earlier Mumbai: Grounded Jet Airways, which is undergoing insolvency proceedings, failed to attract any new bidders during the extended deadline period for submission of initial bids, according to a source. Russian Fund Treasury RA Partners, Panama-based investment firm Avantulo Group …

Jet Airways stake sale: Lenders of bankrupt airline give third extension for EoI to 31 Aug
5 years, 4 months ago

Jet Airways stake sale: Lenders of bankrupt airline give third extension for EoI to 31 Aug

Firstpost  

The bankruptcy court had on 20 June appointed Ashish Chhawchharia as RP, who late last month had floated EoIs for Jet Airways that stopped flying mid-April. Mumbai: The lenders to the defunct Jet Airways Monday for the third time extended the deadline for submission of expressions of interest for stake sale in the bankrupt airline to 31 August after a …

Jet Airways crisis: Lenders mull liquidation of grounded airline after EoIs attract no major bidder, CoC may meet this week
5 years, 4 months ago

Jet Airways crisis: Lenders mull liquidation of grounded airline after EoIs attract no major bidder, CoC may meet this week

Firstpost  

The decision of Abu Dhabi-based Etihad Airways to exit from the resolution plan of the crisis-hit airline has reportedly hastened Jet Airways’ liquidation process. The revival of grounded Jet Airways seems to be over with the debt-laden airline’s strategic partner Etihad Airways reportedly moving out of the resolution plan, said a media report. The decision of Abu Dhabi-based Etihad Airways …

Jet Airways crisis: Etihad Airways says will not express interest to invest in cash-strapped airline on unresolved liabilities
5 years, 4 months ago

Jet Airways crisis: Etihad Airways says will not express interest to invest in cash-strapped airline on unresolved liabilities

Firstpost  

Etihad acquired a 24 percent stake in Jet Airways in 2013, at a time when the carrier had needed significant financial support. Dubai: Abu Dhabi’s Etihad Airways said on Monday it will not express interest in reinvesting in Jet Airways because of unresolved issues concerning the Indian airline’s liabilities. Etihad acquired a 24 percent stake in Jet Airways in 2013, …

No longer interested in Jet Airways, says Anil Agarwal
5 years, 4 months ago

No longer interested in Jet Airways, says Anil Agarwal

Live Mint  

Mumbai: Chances of a revival of Jet Airways Ltd faded, with billionaire Anil Agarwal’s Volcan Investment, which had submitted an expression of interest for the grounded airline, deciding not to pursue the matter. Jet Airways’ lenders, who have been trying to sell the airline as a going concern for the past five months, had received three EoIs on Saturday—from Volcan, …

Jet’s liabilities prevented Etihad from lodging EoI
5 years, 4 months ago

Jet’s liabilities prevented Etihad from lodging EoI

Live Mint  

Mumbai: Etihad Airways PJSC, which owns a 24% stake in Jet Airways Ltd, on Monday said it declined to lodge an expression of interest for its grounded partner due to unresolved issues concerning the Mumbai-based airline's liabilities. "Etihad remained engaged in the process, but despite the endeavours of everyone involved there remained very significant issues relating to Jet’s previous liabilities," …

Jet Airways receives EoIs from Anil Agarwal’s family trust, two other companies
5 years, 4 months ago

Jet Airways receives EoIs from Anil Agarwal’s family trust, two other companies

Live Mint  

Lenders to grounded Jet Airways Ltd have received expressions of interest from Anil Agarwal’s family trust, Panama-based fund Avantulo Group and a Russian firm, two people aware of the development said on the condition of anonymity. Access to prime slots at key airports, a stake in a profitable frequent flyer programme and a few relatively old planes appear to be …

Cash-strapped Jet Airways lenders attempt to sell bankrupt carrier again; to call bids for asset sale by 20 July
5 years, 5 months ago

Cash-strapped Jet Airways lenders attempt to sell bankrupt carrier again; to call bids for asset sale by 20 July

Firstpost  

Last month, JetAirways’ creditors, led by State Bank of India, took the airline to the bankruptcy court after failing to agree on a revival plan New Delhi: Lenders to Jet Airways will open bids to sell the bankrupt airline on 20 July as they look to recover about 85 billion rupees of loans, two sources familiar with the matter said …

Buy Jet Airways and make it Mahindra Airways? What Anand Mahindra replied
5 years, 6 months ago

Buy Jet Airways and make it Mahindra Airways? What Anand Mahindra replied

Live Mint  

New Delhi: A Twitter user gave an interesting advice to Mahindra group chairman Anand Mahindra. The user under the name of Lalit Mathpal suggested the tycoon buy the debt-ridden Jet Airways and name it Mahindra Airways. He has 7.03 million followers on Twitter The downfall of Jet Airways illustrates the challenge of making money in India's aviation sector, dominated by …

Jet staff get on board a new partner to bid for bankrupt airline
5 years, 6 months ago

Jet staff get on board a new partner to bid for bankrupt airline

Live Mint  

Employees of Jet Airways Ltd and London-based investor Adi Partners LLP on Friday said they will jointly bid for a 75% stake in the debt-laden airline, which is facing bankruptcy proceedings. The platform, comprising Adi Partners and a Jet employees’ consortium, will explore taking control of the airline through the National Company Law Tribunal process, and then seek to revive …

British Airways' parent company signals intent to buy 200 Boeing 737 Max
5 years, 6 months ago

British Airways' parent company signals intent to buy 200 Boeing 737 Max

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy While hundreds of Boeing 737 Max jets languish on the ground, British Airways’ parent company has …

Jet Airways shares dwindle further; tank 18.5 per cent
5 years, 6 months ago

Jet Airways shares dwindle further; tank 18.5 per cent

India TV News  

Shares of Jet Airways further plummeted 18.5 per cent Wednesday after the consortium of bankers took the grounded airline to the NCLT. This is the 13th consecutive trading day fall for Jet Airways, which has tumbled 78 per cent during this period. Jet Airways, started over 25 years ago, stopped flying on April 17 after it ran out of cash …

Jet Airways crisis: Lenders' consortium picks Grant Thornton as resolution professional for cash-strapped airline
5 years, 6 months ago

Jet Airways crisis: Lenders' consortium picks Grant Thornton as resolution professional for cash-strapped airline

Firstpost  

The bankers to Jet Airways on Tuesday moved the National Company Law Tribunal to recover their dues of over Rs 8,500 crore. After the consortium of 26 bankers led by State Bank of India took Jet Airways to the National Company Law Tribunal to recover their dues, the lenders reportedly picked Ashish Chhawchharia of Grant Thornton India as the resolution …

Jet Airways shares plummet 41% to close at Rs 40.45 as troubled airline lands in NCLT
5 years, 6 months ago

Jet Airways shares plummet 41% to close at Rs 40.45 as troubled airline lands in NCLT

Firstpost  

New Delhi: Jet Airways’ shares faced massive drubbing on Tuesday and tumbled nearly 41 percent after State Bank of India-led consortium of lenders decided to send the grounded airline to the National Company Law Tribunal. This the 12th consecutive trading day fall for Jet Airways and the scrip has plunged over 73 percent during this time, wiping out Rs 1,253.5 …

Investors continue to dump Jet Airways shares; tank 15% after lenders decide to move airline to NCLT
5 years, 6 months ago

Investors continue to dump Jet Airways shares; tank 15% after lenders decide to move airline to NCLT

Firstpost  

New Delhi: Jet Airways stock tumbled nearly 15 percent on Tuesday after State Bank of India-led consortium of lenders decided to send the grounded airline to the National Company Law Tribunal. Harried bankers on Monday decided against an outright sale of Jet Airways to the lone bidder, and instead voted to send it for bankruptcy to recover their Rs 8,000 …

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