Jet Airways lenders pick four bidders for debt-laden airline's stake sale; uncertainty over emergency funding continues
5 years, 11 months ago

Jet Airways lenders pick four bidders for debt-laden airline's stake sale; uncertainty over emergency funding continues

Firstpost  

Jet Airways chief executive Vinay Dube in an internal communication has said the lenders could not decide on the emergency funding and that the board of the airline will meet on Tuesday to take a call on the future. Amid the uncertainty over the release of emergency funding to ailing Jet Airways, a consortium of lenders reportedly picked four firms including Etihad Airways and National Investment and Infrastructure Fund to place bids for acquiring a majority stake in the airline, said a media report. According to Mint, Etihad Airways, India’s first sovereign wealth fund NIIF and private equity firms TPG Capital as well as Indigo Partners were shortlisted on Monday to place binding bids for Jet Airways. Jet Airways on Monday said its services on overseas routes will remain grounded until 18 April, even as the lenders failed to take a call on extending an emergency funding to the airline.

Emergency Airline Airways Lenders Jet Sbi Jet Airways Niif Stake Sale Emergency Funding  uncertainty  jet  debtladen  continues  stake  sale  emergency  airline  shortlisted  lenders  process  niif  pick  funding  sbi  airways

History of this topic

Jet Airways revival hits new snag as banks push back on funding
2 years, 3 months 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, …

Jet Airways clarifies Kalrock Capital consortium did not win bid
4 years, 5 months ago

Jet Airways clarifies Kalrock Capital consortium did not win bid

Live Mint  

MUMBAI: Jet Airways on Thursday clarified that the consortium of Kalrock Capital and Murari Lal Jalan has not won the bid for the bankrupt airline. In a notification to the stock exchanges, the resolution professional of the stressed airline company said the committee of creditors has not concluded e-voting on the final resolution plans submitted by two shortlisted bidders. The …

Jet Airways: CoC decides to extend deadline for bids to 10 March after Russian Fund shows interest in grounded airline
5 years, 1 month 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
5 years, 1 month 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, …

Hinduja Group still interested in Jet Airways after approach by govt, banks; resolution professional invites fresh EoI for defunct airline
5 years, 2 months 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 crisis: SBI moves intervention plea against HDFC claim on airline's BKC property; NCLT adjourns matter for 8 August
5 years, 7 months ago

Jet Airways crisis: SBI moves intervention plea against HDFC claim on airline's BKC property; NCLT adjourns matter for 8 August

Firstpost  

Mumbai: State Bank of India, the lead lender to the bankrupt Jet Airways, on Wednesday moved an intervention application against mortgage lender HDFC’s plea claiming rights over a portion of the airline’s BKC property. On 4 July, the mortgage lender HDFC had moved the NCLT seeking to keep the airline’s BKC property out of the bankruptcy process saying three floors …

Cash-strapped Jet Airways lenders attempt to sell bankrupt carrier again; to call bids for asset sale by 20 July
5 years, 8 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 …

Jet Airways Employee Consortium, AdiGroup to bid for 75 pc of airlines
5 years, 8 months ago

Jet Airways Employee Consortium, AdiGroup to bid for 75 pc of airlines

India TV News  

In a first-of-its-kind initiative, a Jet Airways Employee Consortium and AdiGroup Friday announced a partnership to bid for 75 per cent of the airlines through the NCLT process, members of the consortium said. "Jet Airways Employee Consortium and AdiGroup are delighted to announce their partnership to bid for acquisition of 75 per cent of Jet Airways through NCLT process. "This …

Jet staff get on board a new partner to bid for bankrupt airline
5 years, 8 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 …

Jet Airways crisis: SBI-led lenders file for grounded airlines' bankruptcy; hearing from Wednesday
5 years, 9 months ago

Jet Airways crisis: SBI-led lenders file for grounded airlines' bankruptcy; hearing from Wednesday

Firstpost  

Mumbai: The consortium of 26 bankers led by State Bank Tuesday took the grounded Jet Airways to the National Company Law Tribunal to recover their dues of over Rs 8,500 crore. Jet Airways, started over 25 years ago by airline-ticketing-agent-turned-entrepreneur Naresh Goyal, stopped flying on 17 April after it ran out of cash and the unpaid lessors took away most …

Investors continue to dump Jet Airways shares; tank 15% after lenders decide to move airline to NCLT
5 years, 9 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 …

Jet Airways slips into memory as a loved brand after an inept SBI-led consortium forces carrier to crash-land onto bankruptcy court
5 years, 9 months ago

Jet Airways slips into memory as a loved brand after an inept SBI-led consortium forces carrier to crash-land onto bankruptcy court

Firstpost  

Exactly two months ago, Jet Airways took the decision to ground their flights after running out of cash. To be honest, the banks have been as clueless about their approach towards Jet Airways as the cash-strapped airline has been since the time they defaulted on the loans. So, SBI came out stating, “no problem, we will soon find a buyer …

Jet Airways crisis: SBI-led consortium gives up revival bid, votes for bankruptcy court to recover Rs 8,000 cr dues
5 years, 9 months ago

Jet Airways crisis: SBI-led consortium gives up revival bid, votes for bankruptcy court to recover Rs 8,000 cr dues

Firstpost  

The Etihad-Hinduja consortium had reportedly shown interest in Jet Airways but not given a concrete proposal yet, forcing the lenders to take the NCLT plunge Mumbai: Harried bankers on Monday decided against an outright sale of Jet Airways to the lone bidder, instead voted to send it for bankruptcy to recover their Rs 8,000 crore dues. The decision of the …

Jet Airways lands in NCLT as banks give up on revival
5 years, 9 months ago

Jet Airways lands in NCLT as banks give up on revival

Deccan Chronicle  

Mumbai: A consortium of banks led by the State Bank of India has referred the debt-laden Jet Airways to the National Company Law Tribunal for bankruptcy proceedings after negotiations with Etihad Airways and Hinduja Group did not fructify. "After due deliberations, the lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid …

AdiGroup still interested in Jet Airways, but will wait only 48 hours: Report
5 years, 9 months ago

AdiGroup still interested in Jet Airways, but will wait only 48 hours: Report

Live Mint  

In a final push to revive the now grounded Jet Airways, London-based AdiGroup has again evinced interest in Jet Airways. According to industry insiders, the AdiGroup which was one of the unsolicited bidder for Jet is still interested to form a partnership with Etihad to operate the now grounded airline. The development comes after Jet's scrip continued to slip following …

Government investigations into Jet Airways could derail revival plan
5 years, 9 months ago

Government investigations into Jet Airways could derail revival plan

Live Mint  

Mumbai: The government’s investigations into Jet Airways Ltd and its founder Naresh Goyal could derail plans of the Hinduja Group, Etihad Airways PJSC and Abu Dhabi's sovereign wealth fund Mubadala Investment Company’s plan to invest in the grounded Indian carrier, people with direct knowledge of the matter told Mint. Jet Airways' revival was still a long shot away since there …

Crisis-hit Jet airways may find its saving grace this week
5 years, 9 months ago

Crisis-hit Jet airways may find its saving grace this week

India Today  

Crisis-hit airline Jet Airways could find its saving grace this week as Indian conglomerate Hinduja Group is expected to place a bid for the airline, backed by minority shareholder Etihad Airways and founder Naresh Goyal. The Hinduja Group has fixed a meeting with Etihad Airways on May 23, where discussions will be held in order to revive the airline which …

Clarity on Jet Airways expected in a week, says SBI chief Rajnish Kumar
5 years, 10 months ago

Clarity on Jet Airways expected in a week, says SBI chief Rajnish Kumar

Live Mint  

New Delhi: It may not be over till it is over. Even as some industry veterans believe that grounded Jet Airways may have hit the end of the road, State Bank of India Chairman Rajnish Kumar remains optimistic that clarity over the future course of the airline will emerge in a week's time. Private equity firm TPG Capital, Indigo Partners, …

Grounded Jet Airways shares plummet over 24% in one month; market valuation erodes by Rs 451.26 cr to Rs 1,409 cr
5 years, 10 months ago

Grounded Jet Airways shares plummet over 24% in one month; market valuation erodes by Rs 451.26 cr to Rs 1,409 cr

Firstpost  

In one month, shares of Jet Airways tumbled 24.28 percent to Rs 124.10 on the BSE Friday from Rs 163.90 on 18 April New Delhi: Shares of Jet Airways have fallen over 24 percent in one month since the cash-starved airline suspended operations. Jet Airways witnessed top-level exodus earlier this week, with four senior executives, including chief executive Vinay Dube …

Jet Airways revival: Lenders plan to approach unsolicited bidders after Etihad Airways' non-binding offer
5 years, 10 months ago

Jet Airways revival: Lenders plan to approach unsolicited bidders after Etihad Airways' non-binding offer

Firstpost  

The fund offer from Etihad Airways is not sufficient to overcome the liquidity crunch in Jet Airways as its total liabilities are reportedly about Rs 15,000 crore now. With the uncertainty persisting about the takeover of cash-strapped Jet Airways, lenders to the temporarily grounded airline are reportedly planning to approach unsolicited bidders as former strategic partner Etihad Airways has declined …

Jet Airways lenders to reach out to unsolicited bidders
5 years, 10 months ago

Jet Airways lenders to reach out to unsolicited bidders

Live Mint  

Lenders to Jet Airways Ltd will begin reaching out to unsolicited bidders for the grounded airline after existing shareholder Etihad Airways PJSC declined to raise its stake beyond the current 24%, said two people aware of the development, requesting anonymity. Etihad said also that it is interested in re-investing in a minority stake in Jet Airways subject to conditions that …

Jet Airways revival: Etihad Airways bids for minority stake in beleaguered airline; SBI-led lenders’ consortium, NIIF to get hit
5 years, 10 months ago

Jet Airways revival: Etihad Airways bids for minority stake in beleaguered airline; SBI-led lenders’ consortium, NIIF to get hit

Firstpost  

Etihad Airways’ decision to bid for Jet Airways could possibly be a way to preserve the bilateral it was given, as well as to protect its India feed. Etihad Airways PJSC’s bid for a minority stake in Jet Airways India is non-binding and subject to fulfillment of certain conditions by the temporarily grounded airline’s lenders, said two people aware of …

Hope floats for Jet as Etihad submits bid for a minority stake
5 years, 10 months ago

Hope floats for Jet as Etihad submits bid for a minority stake

Live Mint  

Etihad Airways PJSC said on Friday it has submitted a binding bid to retain a minority stake in Jet Airways, raising fresh hopes for a revival of the cash-strapped airline. “Etihad Airways today confirmed its interest to re-invest in a minority stake in India’s Jet Airways, subject to conditions,” it said. “Etihad re-emphasizes that it cannot be expected to be …

Jet Airways crisis: Etihad Airways submits binding bid; State Bank of India says it has received two unsolicited bids
5 years, 10 months ago

Jet Airways crisis: Etihad Airways submits binding bid; State Bank of India says it has received two unsolicited bids

Firstpost  

State Bank of India said on Friday that it has received two unsolicited bids for ailing Jet Airways, and “one” more is expected by the end of the day, keeping the hopes for the revival of the grounded carrier alive, nearly a month after the debt-laden airline was forced to ground all operations due to funding troubles. Etihad Airways is …

Two unsolicited bids received for Jet Airways, one binding bid expected by day-end: SBI chief Kumar
5 years, 10 months ago

Two unsolicited bids received for Jet Airways, one binding bid expected by day-end: SBI chief Kumar

Live Mint  

The State Bank of India has received two unsolicited bids for cash strapped Jet Airways Ltd., while another bid is expected before the end of the day, the bank’s chairman Rajnish Kumar said on Friday. Kumar, who didn’t elaborate the names of the bidders, added that a binding bid is expected from one of the four interested parties that had …

SBI says two bids received for Jet Airways
5 years, 10 months ago

SBI says two bids received for Jet Airways

Live Mint  

State Bank of India said on Friday it has received two unsolicited bids for ailing Jet Airways, nearly a month after the airline was forced to ground all operations due to funding troubles. Jet Airways, once India's largest private airline, stopped all flights on April 17 after its lenders, led by SBI, declined to extend more funds to keep the …

Jet Airways employees bid may be heard as others waver
5 years, 10 months ago

Jet Airways employees bid may be heard as others waver

Live Mint  

Mumbai: A bid being stitched together by pilots of the grounded Jet Airways India Ltd may get a hearing if no binding offers emerge from the four potential investors currently in the race, people with knowledge of the matter said. SBI Capital Markets Ltd, which is advising Jet Airways’s lenders, has received at least three unsolicited approaches, one of the …

SBI has received 1 binding bid and 2 unsolicited bids for Jet Airways
5 years, 10 months ago

SBI has received 1 binding bid and 2 unsolicited bids for Jet Airways

India Today  

State Bank of India chairman Rajnish Kumar today ruled out the National Company Law Tribunal route for tje grounded Jet Airways airlines. In an exclusive chat with India Today TV, SBI chairman said, "It is the option when no option is left so NCLT is the last option." Etihad Airways PJSC, India's National Investment and Infrastructure Fund and private equity …

UK entrepreneur says SBI allows him to bid for Jet Airways
5 years, 10 months ago

UK entrepreneur says SBI allows him to bid for Jet Airways

Live Mint  

British entrepreneur Jason Unsworth, who has evinced interest in investing in the now grounded Jet Airways, has claimed that the lenders' consortium leader State Bank of India has asked him to formally submit a bid for the airline. The development comes days after the British entrepreneur evinced interest in investing in Jet Airways. The airline revealed its advice to Unsworth …

Air India plan to induct Jet’s Boeing 777 planes stalls
5 years, 10 months ago

Air India plan to induct Jet’s Boeing 777 planes stalls

Live Mint  

Air India Ltd’s plan to lease five Boeing Co. 777 aircraft of Jet Airways Ltd has hit a roadblock as the biggest lender to the grounded airline has still to respond to the offer. “We have submitted our plans to State Bank of India and we are yet to hear from them,” said a senior Air India official, requesting anonymity. …

Now, employees and regular flyers come up with a plan to give Jet Airways wings
5 years, 10 months ago

Now, employees and regular flyers come up with a plan to give Jet Airways wings

Live Mint  

New Delhi: After a section of employees floated the proposal to take over management control of the grounded Jet Airways and arrange up to ₹3,000 crore from external investors, a group of frequent flyers of the cash-strapped airline has approached the key lenders, including State Bank of India, ICICI Bank and Punjab National Bank, to submit the 'Revival of Jet …

Jet Airways employees’ bailout offer: No harm in trying because buyer apathy in any case stares at banks
5 years, 10 months ago

Jet Airways employees’ bailout offer: No harm in trying because buyer apathy in any case stares at banks

Firstpost  

Unfortunately for Jet Airways employees, there is nothing to leverage with the grounded airline’s net worth in the negative. A group of Jet Airways employees, who had earlier offered to take over the distressed airline, met SBI Caps officials on Thursday to discuss the proposal. SBI Caps told the Jet Airways employees that their proposal would be considered only after …

Jet Airways bailout plan: Employees' consortium to bid for cash-strapped airline; seeks to raise Rs 3,000 cr from outside investors
5 years, 10 months ago

Jet Airways bailout plan: Employees' consortium to bid for cash-strapped airline; seeks to raise Rs 3,000 cr from outside investors

Firstpost  

This is the first time that employees have come together with a proposal to run the more than 25-year-old Jet Airways New Delhi: As uncertainty continues over the fate of the shuttered Jet Airways, an employees’ consortium has proposed to take over the airline with at least Rs 3,000 crore expected from outside investors for the bid, according to two …

Employees' consortium to bid for Jet Airways; seeks to raise Rs 3,000 crore from outside investors
5 years, 10 months ago

Employees' consortium to bid for Jet Airways; seeks to raise Rs 3,000 crore from outside investors

India TV News  

Employees' consortium to bid for Jet Airways; seeks to raise Rs 3,000 crore from outside investors As uncertainty continues over the fate of the shuttered Jet Airways, an employees' consortium has proposed to take over the airline with at least Rs 3,000 crore expected from outside investors for the bid, according to two staff unions. As uncertainty continues over the …

Jet employees' consortium writes to SBI, seeks permission to bid for crisis-hit airline
5 years, 10 months ago

Jet employees' consortium writes to SBI, seeks permission to bid for crisis-hit airline

India Today  

As uncertainty continues over the fate of the shuttered Jet Airways, an employees' consortium has proposed to take over the airline with at least Rs 3,000 crore expected from outside investors for the bid, according to two staff unions. Two associations representing pilots and engineers -- SWIP and JAMEVA -- have written to State Bank of India Chairman Rajnish Kumar …

Jet Airways revival at stake; shortlisted bidders find no value in parking funds in embattled airline
5 years, 10 months ago

Jet Airways revival at stake; shortlisted bidders find no value in parking funds in embattled airline

Firstpost  

Etihad, which was keen to buy controlling stake in Jet Airways, has reportedly had a second thought to go ahead with the investment process as it could not find any value left in the embattled airline. The hopes for revival of the temporarily grounded Jet Airways received a major blow as all the shortlisted bidders, including its former strategic partner …

Jet Airways crisis: Banks unions want lenders to offer special loans to airline's over 22,000 employees
5 years, 10 months ago

Jet Airways crisis: Banks unions want lenders to offer special loans to airline's over 22,000 employees

Firstpost  

Last week bank unions had written to Prime Minister Narendra Modi demanding the government take over the carrier to secure the jobs of its employees Mumbai: With an uncertain future staring at over 22,000 employees of the grounded Jet Airways, bank unions Monday suggested offering special loans to them to tide of their financial crisis arising from non-payment of salaries. …

Jet Airways crisis: Lenders keen on resolution outside insolvency law framework in case bidding process fails
5 years, 10 months ago

Jet Airways crisis: Lenders keen on resolution outside insolvency law framework in case bidding process fails

Firstpost  

Running into debt of more than Rs 8,500 crore, Jet Airways has shut down operations temporarily after lenders decided against extending emergency funds for its survival New Delhi: As they explore ways to recover debt, lenders of Jet Airways are in favour of a resolution outside the insolvency law framework in case the ongoing bidding process fails to take off, …

11 Jet lenders could see a major haircut to their exposure
5 years, 10 months ago

11 Jet lenders could see a major haircut to their exposure

Live Mint  

Etihad Airways PJSC has asked lenders to Jet Airways Ltd to take an 80% haircut on their debt to the grounded airline for the Abu Dhabi-based carrier to make a bid, a person directly aware of the matter said. If accepted, the step would see as many as 11 banks forced to make sizeable writeoffs to their exposure to Jet …

Jet Airways crisis: Lenders keen on non-IBC resolution if bidding process fails
5 years, 10 months ago

Jet Airways crisis: Lenders keen on non-IBC resolution if bidding process fails

India TV News  

As they explore ways to recover debt, lenders of Jet Airways are in favour of a resolution outside the insolvency law framework in case the ongoing bidding process fails to take off, sources said. While lenders are "reasonably hopeful" of a successful bidding process, sources said banks are working on a plan B in case things don't progress as expected. …

Jet executives meet Arun Jaitley, urge salary payment
5 years, 10 months ago

Jet executives meet Arun Jaitley, urge salary payment

Live Mint  

Senior executives of grounded Jet Airways met the Union finance minister Arun Jaitley on Friday and requested him to direct the banks to release at least one month's salary. Speaking to IANS, National Aviator's Guild Vice President Captain Asim Valiani said the Finance Minister assured them that he would look into all issues raised by the airline employees. The airline …

Jet Airways seeks government backing for salary payment
5 years, 10 months ago

Jet Airways seeks government backing for salary payment

Live Mint  

The leadership of distressed carrier Jet Airways Ltd. on Saturday sought government support in securing funds for paying part of salary dues to employees. Jet Airways chief executive officer Vinay Dube told reporters here after a meeting with finance minister Arun Jaitley on Saturday that the company has sought government support for securing funds for paying at least one month …

Lenders explore ways to utilise 15 Jet Airways planes, protect valuable assets; proposals under consideration
5 years, 10 months ago

Lenders explore ways to utilise 15 Jet Airways planes, protect valuable assets; proposals under consideration

Firstpost  

New Delhi: Lenders are exploring ways to utilise about 15 planes owned by Jet Airways and also discussing with authorities on protecting the valuable assets, including airport slots, of the now-shuttered airline, banking sources said. The sources said the lenders are actively considering proposals, including from Air India, for utilising the planes owned by Jet Airways. Also, while the lenders …

Bank unions write to PM Modi, want govt to take over Jet Airways
5 years, 10 months ago

Bank unions write to PM Modi, want govt to take over Jet Airways

Live Mint  

Bank unions Friday urged Prime Minister Narendra Modi to take over grounded Jet Airways to secure the future of the 22,000-odd employees of the carrier. In a letter to Modi, the All-India Bank Employees Association also said government must ensure that banks are not forced to lend to the crippled airline. "Everyone is looking at the banks to bail out …

Bank unions write to PM Modi, want govt to take over Jet Airways
5 years, 10 months ago

Bank unions write to PM Modi, want govt to take over Jet Airways

India TV News  

Bank unions Friday urged Prime Minister Narendra Modi to take over grounded Jet Airways to secure the future of the 22,000-odd employees of the carrier. In a letter to Modi, the All-India Bank Employees Association also said government must ensure that banks are not forced to lend to the crippled airline. "Everyone is looking at the banks to bail out …

Lenders explore ways to utilise 15 Jet Airways planes, protect valuable assets
5 years, 10 months ago

Lenders explore ways to utilise 15 Jet Airways planes, protect valuable assets

Live Mint  

New Delhi: Lenders are exploring ways to utilise about 15 planes owned by Jet Airways and also discussing with authorities on protecting the valuable assets, including airport slots, of the now-shuttered airline, banking sources said. The sources said the lenders are actively considering proposals, including from Air India, for utilising the planes owned by Jet Airways. Also, while the lenders …

Jet Airways issues gag order, fearing impact on stake sale
5 years, 10 months ago

Jet Airways issues gag order, fearing impact on stake sale

India TV News  

The grounded Jet Airways has issued a gag order to its employees advising them to refrain from speaking with external stakeholders. An internal mail accessed by IANS suggests that talking with external stakeholders especially the media might impact the bidding process for airline's stake sale. The airline's revival now depends on successful stake sale initiated by the lenders led by …

Jet issues gag order, fearing impact on stake sale
5 years, 11 months ago

Jet issues gag order, fearing impact on stake sale

The Quint  

By Nirbhay Kumar New Delhi, April 19 The grounded Jet Airways has issued a gag order to its employees advising them to refrain from speaking with external stakeholders. An internal mail accessed by IANS suggests that talking with external stakeholders especially the media might impact the bidding process for airline's stake sale. The airline's revival now depends on successful stake …

Jet shares crash ahead of auction
5 years, 11 months ago

Jet shares crash ahead of auction

India Today  

Jet Airways Ltd shares crashed by over 32 per cent on Thursday amid fears about whether the grounded airline would ever fly again even as banks claimed that they "are reasonably hopeful'' of selling the airline to a new investor. Shares of Jet Airways continued to fall for the second day in a row, plummeting by as much as 32.23 …

Jet Airways will fly again, say banks
5 years, 11 months ago

Jet Airways will fly again, say banks

Deccan Chronicle  

Mumbai: A day after Jet Airways suspended all its flights, lenders to the grounded airline on Thursday said that the bidding process for the airline will be able to determine “fair value of the enterprise in a transparent manner”. “The lenders after due deliberations decided that the best way forward for the survival of Jet Airways is to get the …

Discover Related