Suresh Prabhu directs civil aviation secretary to review Jet Airways’ issues
5 years, 8 months ago

Suresh Prabhu directs civil aviation secretary to review Jet Airways’ issues

Live Mint  

Aviation Minister Suresh Prabhu on Friday directed civil aviation secretary Pradeep Singh Kharola to review issues concerning Jet Airways, which has been operating with less than 10 planes. "Directed Secretary MoCA to review issues related to Jet Airways. According to airline sources, Jet Airways will operate only nine planes -- two Boeing 737s and seven regional Jet ATRs -- on Friday. Cash-strapped Jet Airways on Thursday grounded its services to and from the East and Northeast regions.

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History of this topic

SpiceJet, Air India step in to clean up after Jet Airways
5 years, 8 months ago

SpiceJet, Air India step in to clean up after Jet Airways

Live Mint  

New Delhi/Mumbai: Budget airline SpiceJet Ltd and national carrier Air India Ltd have stepped in to stabilize India's aviation industry and ease the pain from wage losses caused by Jet Airways Ltd’s descent into insolvency and operational shutdown. Air India has, on its part, volunteered to temporarily use some of Jet Airways’ grounded planes on key international routes. Air India …

SpiceJet comes to unpaid Jet staffs' rescue, hires over 500 employees
5 years, 8 months ago

SpiceJet comes to unpaid Jet staffs' rescue, hires over 500 employees

India Today  

Budget carrier SpiceJet Friday said it has already absorbed over 500 employees, including 100 pilots, of the grounded carrier Jet Airways and it is open to induct more as it adds more aircraft and routes in the times ahead. The Gurugram-based no-frills airline has already announced induction of 27 more planes -- 22 Boeing 737s and five turboprop Bombardier Q400s …

Government to allocate 440 vacant Jet Airways slots to other airlines
5 years, 8 months ago

Government to allocate 440 vacant Jet Airways slots to other airlines

Live Mint  

With Jet Airways suspending operations, as many as 440 slots are vacant at Delhi and Mumbai airports which will be allocated to other airlines in a transparent manner, a senior official said Thursday. Civil Aviation Secretary Pradeep Singh Kharola also said Jet Airways is expected to provide information next week to the ministry about tickets booked by passengers and how …

Jet Airways lenders refuse more funding as airline risks shutdown
5 years, 8 months ago

Jet Airways lenders refuse more funding as airline risks shutdown

Live Mint  

Mumbai: Lenders to Jet Airways Ltd have refused funding to the cash-strapped carrier, according to people familiar with the situation, forcing the nation’s oldest surviving private airline to consider a temporary shutdown. Jet Airways, which broke into the monopoly of state-run Air India Ltd in the early 1990s, went in a tailspin after a slew of budget airlines started offering …

Jet Airways may ground all flights, govt moves to check fares
5 years, 8 months ago

Jet Airways may ground all flights, govt moves to check fares

Hindustan Times  

Delhi The future of cash-strapped Jet Airways Ltd hung in balance on Tuesday, with the management saying late in the evening that it was awaiting “emergency liquidity support” of ₹400 crore from a consortium of banks led by the State Bank of India, failing which it would have to temporarily suspend its already thinned operations. On Tuesday, civil aviation minister …

Rising airfares: DGCA meets airlines, to engage with them for appropriate action
5 years, 8 months ago

Rising airfares: DGCA meets airlines, to engage with them for appropriate action

The Hindu  

The Directorate General of Civil Aviation would continue to monitor airfare movements on a daily basis and also engage with airlines for appropriate action, a senior official said on Tuesday amid concerns over rising ticket prices. Earlier in the day, Civil Aviation Minister Suresh Prabhu called for a review of issues related to the struggling Jet Airways, including rising fares …

Crisis at Jet Airways worsens: Fleet now down to 11 aircraft; PMO steps in
5 years, 8 months ago

Crisis at Jet Airways worsens: Fleet now down to 11 aircraft; PMO steps in

Hindustan Times  

Troubles at Jet Airways mounted on Friday, prompting the Prime Minister’s Office to hold an urgent meeting as the carrier’s fleet dropped to a mere 11 and it decided to extend its cancellation of international operations till Monday. After participating in the meeting at the PMO, Kharola held a meeting through video conference with the management of Jet Airways. According …

Jet Airways union seeks FIR against Naresh Goyal, CEO, SBI chief over salaries
5 years, 8 months ago

Jet Airways union seeks FIR against Naresh Goyal, CEO, SBI chief over salaries

Live Mint  

Mumbai: The employees union of Jet Airways Ltd, which is facing its worst crisis, has sought to register first investigation reports against the airline's founder Naresh Goyal, chief executive officer Vinay Dube and SBI chairman Rajnish Kumar for non-payment of March salaries, even as passengers continued to bear the brunt of last-minute cancellations and missing refunds. Over 200 Jet Airways …

PMO holds meeting on Jet Airways crisis as only 11 planes flying now
5 years, 8 months ago

PMO holds meeting on Jet Airways crisis as only 11 planes flying now

Live Mint  

The crisis in Jet Airways deepened Friday as the airline could operate only 11 aircraft on Friday, leaving passengers stranded at various domestic and international airports and prompting the Prime Minister's Office to hold an urgent meeting to discuss the situation. According to sources, the meeting was called after Civil Aviation Minister Suresh Prabhu asked secretary of the department Pradeep …

Jet Airways to fly 6-7 aircraft on both days this weekend domestically: Aviation Secretary
5 years, 8 months ago

Jet Airways to fly 6-7 aircraft on both days this weekend domestically: Aviation Secretary

Live Mint  

Cash-strapped Jet Airways will fly six to seven aircraft on both days this weekend on domestic routes, Aviation Secretary P S Kharola said on Friday. According to sources, the meeting has been called after Civil Aviation Minister Suresh Prabhu asked the secretary of the department to review issues concerning Jet Airways. Amid this, SpiceJet Friday announced it will induct 16 …

Jet Airways, once India’s biggest airline, fights to keep flying
5 years, 8 months ago

Jet Airways, once India’s biggest airline, fights to keep flying

Live Mint  

Jet Airways India Ltd.’s fleet has shrunk by almost 90 percent as the cash-strapped airline struggles to find funds to operate, forcing the nation’s oldest surviving private airline to drastically curtail its scheduled flights amid a hunt for a new investor. The carrier, once India’s biggest by market capitalization, was forced to ground 10 more jets after it failed to …

Crisis deepens for Jet Airways as pilots plan to protest in uniform
5 years, 8 months ago

Crisis deepens for Jet Airways as pilots plan to protest in uniform

India Today  

Jet Airways domestic pilots' body, the National Aviators Guild, has decided to increase the pressure on its management over unpaid salaries by reiterating its decision to go on strike on April 15, and protest in full uniform. According to an internal communication, in a late-night development, the NAG committee decided that the pilots will march to the Jet Airways headquarters …

Jet Airways flying 26 aircraft fulfills criteria for international operations: Civil Aviation secretary
5 years, 9 months ago

Jet Airways flying 26 aircraft fulfills criteria for international operations: Civil Aviation secretary

Firstpost  

Jet Airways, which is grappling with acute financial woes, had a fleet of around 119 planes. New Delhi: Jet Airways is currently operating a fleet of 26 planes and the airline right now fulfills the criteria for operating on international routes, Civil Aviation Secretary Pradeep Singh Kharola said on Thursday. He added that international operations of an airline depends on …

Jet Airways crisis: Suresh Prabhu rules out intervention in commercial matters of airline; says govt looking at safety aspects
5 years, 9 months ago

Jet Airways crisis: Suresh Prabhu rules out intervention in commercial matters of airline; says govt looking at safety aspects

Firstpost  

In response to queries related to Jet Airways crisis, Prabhu said the ministry should not be seen to be doing any deals of any kind that would help in any way. Against the backdrop of lenders set to take control of Jet Airways under a debt resolution plan, he said banks are direct stakeholders and are dealing with commercial matters …

Jet Airways grounds more planes after failing to pay lessors; seeks access to bailout funds promised by banks
5 years, 9 months ago

Jet Airways grounds more planes after failing to pay lessors; seeks access to bailout funds promised by banks

Firstpost  

With a smaller operating fleet, Jet Airways has given pilots and cabin crew the option of flexible working days and taking extended leave with or without pay. New Delhi: India’s Jet Airways said it has grounded more planes after failing to pay lessors, as the debt-laden carrier — which also owes salaries to pilots and crew — works to secure …

Jet Airways currently operational with only 15 aircraft, says aviation secretary P S Kharola
5 years, 9 months ago

Jet Airways currently operational with only 15 aircraft, says aviation secretary P S Kharola

Firstpost  

New Delhi: Less than 15 aircraft of Jet Airways are currently operational, Civil Aviation Secretary P S Kharola said on Wednesday. The SBI-led consortium of lenders had taken over the management of the cash-hit Jet Airways last month. Asked about the active fleet of the beleaguered airline, the Civil Aviation Secretary said here that “yesterday, it was 28”. On the …

Jet Airways to fly 40 more planes by end April; in talks with leasing companies to restart operation of grounded aircraft
5 years, 9 months ago

Jet Airways to fly 40 more planes by end April; in talks with leasing companies to restart operation of grounded aircraft

Firstpost  

Gasping for funds and no bailout on the horizon, the crisis-hit Jet Airways reduced its operations to one-fourth from over 600 daily flights earlier, with just one-third of its 119 fleet being operational. Jet Airways will fly 40 more planes by the end of next month and is in talks with leasing companies to restart operating several of its grounded …

260 Jet pilots, grounded planes lessors approach SpiceJet
5 years, 9 months ago

260 Jet pilots, grounded planes lessors approach SpiceJet

The Quint  

Mumbai, March 20 Financially troubled Jet Airways seems to be headed towards more turbulence as around 260 of its pilots have applied to join SpiceJet, even as investors like public sector banks struggle to stitch a rescue plan for the airline. The apparent jostle of pilots to get out of Jet Airways comes as the airline's lessors offered 50 of …

Jet Airways engineers not paid for 3 months, union says flight safety at risk
5 years, 9 months ago

Jet Airways engineers not paid for 3 months, union says flight safety at risk

India Today  

As cash-strapped Jet Airways continue to ground aircraft and cancel a significant number of flights, the 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". In a letter written to the Directorate General of Civil Aviation, Jet Aircraft Engineers Welfare Association stated: …

Jet Airways grounds 4 more planes for non-payment of lease rentals
5 years, 9 months ago

Jet Airways grounds 4 more planes for non-payment of lease rentals

India TV News  

Cash-strapped Jet Airways Monday said it has grounded four more planes, taking the number of aircraft that are non-operational due to non-payment of lease rentals to 41. an additional four aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements," the airline said in a filing to the stock exchanges. Earlier this month, …

Jet Airways grounds 4 more planes for non-payment of lease rentals; total number of non-operational aircraft stands at 41
5 years, 9 months ago

Jet Airways grounds 4 more planes for non-payment of lease rentals; total number of non-operational aircraft stands at 41

Firstpost  

New Delhi: Cash-strapped Jet Airways on Monday said it has grounded four more planes, taking the number of aircraft that are non-operational due to non-payment of lease rentals to 41. “… an additional four aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements,” the airline said in a filing to the stock …

Cash-strapped Jet Airways grounds 4 more planes over non-payment of lease rentals
5 years, 9 months ago

Cash-strapped Jet Airways grounds 4 more planes over non-payment of lease rentals

India Today  

Cash-strapped Jet Airways has grounded four more plans after failing to repay lease rentals for them. "An additional four aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements," the airline said in a filing to the stock exchanges. Jet Airways Chairman Naresh Goyal raised concern over the fact that more than 50 …

Jet Airways grounds 4 more planes due to non-payment of lease rentals; 32 aircraft taken out of operations so far
5 years, 9 months ago

Jet Airways grounds 4 more planes due to non-payment of lease rentals; 32 aircraft taken out of operations so far

Firstpost  

Jet Airways on Tuesday said it has grounded another four of its aircraft due to non-payment of lease rentals Mumbai: Financially-stressed Jet Airways on Tuesday said it has grounded another four of its aircraft due to non-payment of lease rentals. In a filing to the stock exchanges, the full-service airline said, “An additional four aircraft have been grounded due to …

Only 70 out of 119 Jet Airways aircraft operational, more planes likely to be grounded: DGCA
5 years, 10 months ago

Only 70 out of 119 Jet Airways aircraft operational, more planes likely to be grounded: DGCA

Firstpost  

The official described the situation as “dynamic”, indicating more aircraft of Jet Airways could be grounded. New Delhi: More aircraft of beleaguered private carrier Jet Airways have been grounded, mainly due to non-payment to lessors, taking the total number to 49, senior DGCA official said on Thursday. The “remaining 49 aircraft are grounded” and the airline has been told to …

Jet Airways removes 2 more planes from operations ,21 on ground so far
5 years, 10 months ago

Jet Airways removes 2 more planes from operations ,21 on ground so far

Live Mint  

Financially-stressed Jet Airways on Friday said two more of its aircraft have been grounded due to non-payment of lease rentals. With this, the total number of aircraft taken out of operations due to cash crunch in the airline and its subsequent failure to pay rentals to various lessors has gone up to 21 so far. In a filing to the …

Jet Airways scrip falls as more planes grounded
5 years, 10 months ago

Jet Airways scrip falls as more planes grounded

The Quint  

Mumbai, Feb 28 Jet Airways on Thursday said that it has grounded more aircraft, taking the total to 19, over its non-repayment of dues to lessors. "Further to our letter dated 27 February, 2019, we now write to inform you that an additional six aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease …

Jet Airways grounds seven more aircraft as the carrier fails to make payments to its lessors
5 years, 10 months ago

Jet Airways grounds seven more aircraft as the carrier fails to make payments to its lessors

Firstpost  

Aircraft lessors have been supportive of the company’s efforts to improve its liquidity, Jet Airways said. Debt-ridden Jet Airways Ltd said on Wednesday it grounded seven more aircraft as the carrier failed to make payments to its lessors. “As per instructions from Delhi ATC regarding airport closure, flight operations to / from Amritsar, Chandigarh, Jammu, Leh and Srinagar have been …

Lessors doubt Jet Airways rescue plan, pull out more planes
5 years, 10 months ago

Lessors doubt Jet Airways rescue plan, pull out more planes

Live Mint  

Singapore/Bengaluru: International lessors have grounded more Jet Airways planes prior to potentially moving them out of India, as scepticism builds whether a state-led bailout of the carrier can clear their dues on time, sources familiar with the matter said. Nine of Jet's planes have been grounded by lessors, versus the four it reported last month, with AerCap Holdings NV and …

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