Jet Airways shares rise 6% to near 10-week high after government official rules out grounding more planes
5 years, 9 months ago

Jet Airways shares rise 6% to near 10-week high after government official rules out grounding more planes

Firstpost  

Jet is in talks with leasing companies to restart operating several of its grounded aircraft, Pradeep Singh Kharola, secretary at the civil aviation ministry said Jet Airways Ltd’s shares rose about 6 percent on Wednesday to a near 10-week high, after a top aviation ministry official ruled out grounding more planes and said the carrier would fly 40 more aircraft by the end of April. Jet is in talks with leasing companies to restart operating several of its grounded aircraft, Pradeep Singh Kharola, secretary at the civil aviation ministry, told a news conference on Tuesday. Earlier this week, Jet Chairman and founder Naresh Goyal stepped down from the company’s board with lenders seizing control in a bid to save the airline from bankruptcy. Under the rescue plan, Jet’s lenders, led by State Bank of India, will issue a loan of 15 billion rupees to meet the airline’s obligations and will form an interim management committee to oversee operations.

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History of this topic

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 …

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, …

Jet Airways relaunch hits turbulence: CEO confirms salary cut, leave without pay
2 years, 1 month ago

Jet Airways relaunch hits turbulence: CEO confirms salary cut, leave without pay

Hindustan Times  

Once a celebrated airline, Indian carrier Jet Airways has hit another roadblock ahead of its relaunch, leaving many of its employees with reduced salaries and on leave without pay. ‘Team working to revive’ Clearing the air about numbers and figures circulating on the internet, Kapoor said that only a small portion of the total employees – less than 10 per …

'Nothing like home', says Jet Airways, calls on ex-crew to return
2 years, 6 months ago

'Nothing like home', says Jet Airways, calls on ex-crew to return

Hindustan Times  

Jet Airways on Friday took another step towards resuming operations as it asked former cabin crew to come back 'home'. Inviting former Jet Airways cabin crew to come back and join us in relaunching India's classiest airline," the airline, which halted operations in 2019 and is scheduled to fly again later this year, said. Moments later, chief executive officer Sanjiv …

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 …

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 …

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 …

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 …

Jet Airways Shares Jump 5% Amid Reports Claiming Bid Win by Consortium
4 years, 3 months ago

Jet Airways Shares Jump 5% Amid Reports Claiming Bid Win by Consortium

News 18  

Shares of Jet Airways on Thursday gained nearly 5 per cent amid reports that a consortium has won the bid for the company. The stock rose by 4.89 per cent to close at Rs 30.05 — which was also its upper circuit limit — on BSE. A clarification was also sought by BSE from Jet Airways regarding reports about the …

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 …

Airline shares tumble up to 14 pc; IndiGo hits 52-week low
4 years, 9 months ago

Airline shares tumble up to 14 pc; IndiGo hits 52-week low

India TV News  

Airline stocks plunged into deep red on Friday due to the ongoing travel restrictions in the wake of coronavirus outbreak. InterGlobe Aviation, the parent of the country's largest airline IndiGo, saw its shares slump 14.08 per cent to hit 52-week low of Rs 875. In the afternoon session, the Sensex was trading higher by 937 points or 2.86 per cent …

Airline shares tumble as global travel restrictions hit investor sentiment
4 years, 9 months ago

Airline shares tumble as global travel restrictions hit investor sentiment

India TV News  

Airline stocks faced heavy headwinds on Thursday as concerns over enhanced travel restrictions amid spreading of coronavirus infections rattled investor sentiment. Shares of IndiGo, SpiceJet and the defunct Jet Airways were deep in the red in the morning trade, with SpiceJet slumping over 18 per cent. InterGlobe Aviation, the parent of the country's largest airline IndiGo tumbled 10 per cent …

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 …

SpiceJet posts record profit of Rs 262 cr in June quarter, Jet Airways downfall provides boost
5 years, 5 months ago

SpiceJet posts record profit of Rs 262 cr in June quarter, Jet Airways downfall provides boost

Firstpost  

Shares in SpiceJet and InterGlobe Aviation-owned IndiGo have soared 55% and 31% respectively this year, as the companies raced to fill in prime airport slots vacated by Jet Airways. Bengaluru: Indian budget airline SpiceJet on Friday posted its biggest-ever quarterly profit of Rs 261.7 crore, as it flew more passengers and raised fares in the wake of the collapse of …

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 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 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 …

Jet Airways crisis: SBI-led consortium gives up revival bid, votes for bankruptcy court to recover Rs 8,000 cr dues
5 years, 6 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 shares dive 18% after stock exchanges decide to impose restrictions on trading from 28 June
5 years, 6 months ago

Jet Airways shares dive 18% after stock exchanges decide to impose restrictions on trading from 28 June

Firstpost  

The scrip of Jet Airways tanked 16.76 percent to close at Rs 68.30 on the BSE. New Delhi: Shares of Jet Airways plunged 18 percent Monday as stock exchanges last week decided to impose restrictions on its trading from 28 June. Stock exchanges will impose restrictions on trading in Jet Airways shares from 28 June as part of preventive surveillance …

Jet Airways shares continue to face massive selling pressure; tumble over 18% to hit a multi-year low of 67.05
5 years, 6 months ago

Jet Airways shares continue to face massive selling pressure; tumble over 18% to hit a multi-year low of 67.05

Firstpost  

New Delhi: Shares of Jet Airways continued the downward trend, plunging over 18 percent on Monday as stock exchanges, last week, decided to impose restrictions on its stock trading from 28 June. The scrip which has been tumbling for the 11th consecutive day further plummeted 18.28 percent to hit a multi-year low of 67.05 on the BSE. Stock exchanges will …

No plan to bail out Jet Airways, real estate companies: Minister
5 years, 6 months ago

No plan to bail out Jet Airways, real estate companies: Minister

The Hindu  

India can’t be a nanny state offering bailouts to airlines and real estate companies, said Union Minister Hardeep Singh Puri, who is in charge of Civil Aviation as well as the Housing and Urban Affairs Ministries. On the challenge of restoring capacity on international routes vacated by the troubled Jet Airways, he outlined a two-pronged strategy — giving domestic airlines …

Jet Airways shares continue downward trend; tank 15% after stock exchanges decide to impose trading restrictions
5 years, 6 months ago

Jet Airways shares continue downward trend; tank 15% after stock exchanges decide to impose trading restrictions

Firstpost  

New Delhi: Shares of Jet Airways further plunged nearly 15 percent on Friday after stock exchanges decided to impose restrictions on its stock trading from 28 June earlier this week. Shares of Jet Airways had on Thursday also cracked nearly 18 percent. Stock exchanges will impose restrictions on trading in Jet Airways shares from 28 June as part of preventive …

Jet Airways shares continue downward trend, tank 15% after stock exchanges impose restrictions
5 years, 6 months ago

Jet Airways shares continue downward trend, tank 15% after stock exchanges impose restrictions

India TV News  

Shares of Jet Airways further plunged nearly 15 per cent on Friday after stock exchanges decided to impose restrictions on its stock trading from June 28 earlier this week. Shares of Jet Airways had on Thursday also cracked nearly 18 per cent. Stock exchanges will impose restrictions on trading in Jet Airways shares from June 28 as part of preventive …

Jet Airways shares tumble nearly 18% after bourses announce trading restrictions from 28 June
5 years, 6 months ago

Jet Airways shares tumble nearly 18% after bourses announce trading restrictions from 28 June

Firstpost  

New Delhi: Shares of Jet Airways on Thursday cracked nearly 18 percent after stock exchanges decided to impose restrictions on its stock trading from 28 June. Jet Airways shares have been falling for ninth consecutive days, tumbling 39 percent on the BSE. Stock exchanges will impose restrictions on trading in Jet Airways shares from 28 June as part of preventive …

Jet Airways shares tank over 23% after bourses announce trading restrictions
5 years, 6 months ago

Jet Airways shares tank over 23% after bourses announce trading restrictions

India TV News  

Shares of Jet Airways Thursday cracked over 23 percent after stock exchanges decided to impose restrictions on its stock trading from June 28. On the NSE, shares plummeted 23.30 percent to hit a multi-year low of Rs 84.60. Stock exchanges will impose restrictions on trading in Jet Airways shares from June 28 as part of preventive surveillance measures to curb …

Jet Airways shares plummet over 23% to an all-time low as stock exchanges set to impose trading restrictions
5 years, 6 months ago

Jet Airways shares plummet over 23% to an all-time low as stock exchanges set to impose trading restrictions

Firstpost  

Jet Airways shares tumbled to a fresh 52-week low of 84.80 on BSE. Its market capitalisation fell to Rs 986.03 crore with 15.61 lakh shares changing hands on BSE Shares of Jet Airways plummeted over 23 percent to an all-time low of Rs 84.80 on Thursday, a day after the National Stock Exchange of India said that shares of the …

Jet Airways shares plunge nearly 11% amid reports of Hinduja Group, Etihad Airways pulling out of recuse efforts
5 years, 6 months ago

Jet Airways shares plunge nearly 11% amid reports of Hinduja Group, Etihad Airways pulling out of recuse efforts

Firstpost  

Jet Airways’ scrip tumbled 10.58 percent to close at Rs 111.95 on the BSE. During the day, it plunged 14.41 percent to Rs 107.15 – its 52-week low New Delhi: Shares of Jet Airways Tuesday plummeted nearly 11 percent amid reports that Hinduja Group and Etihad Airways may not proceed with plans to resurrect the debt-ridden airline. According to a …

Jet Airways crisis: Hinduja Group, Etihad Airways reconsider investment; shares of airline slump as much as 14.8%
5 years, 6 months ago

Jet Airways crisis: Hinduja Group, Etihad Airways reconsider investment; shares of airline slump as much as 14.8%

Firstpost  

Promoters of Hinduja Group expressed concerns over ongoing government investigations into Jet Airways and insolvency pleas submitted by its creditors London-based Hinduja Group has reportedly decided to halt negotiations for buying a stake in now-grounded Jet Airways while Abu Dhabi-based Etihad Airways has put its plan on hold to invest further, a media report said. Promoters of Hinduja Group expressed …

Air India could post over Rs 7,600 crore loss in 2018-19, highest so far
5 years, 6 months ago

Air India could post over Rs 7,600 crore loss in 2018-19, highest so far

India TV News  

In what could make Air India sale an uphill task for the government, the national carrier could report highest-ever loss of over Rs 7,600 crore in financial year 2018-19 on account of low fleet utilization and high fuel prices among others. In order to sweeten the deal for Air India this time, the government is likely to offer entire 100 …

Jet failure a 'wake up call'; part of blame on policymakers too: Ajay Singh
5 years, 7 months ago

Jet failure a 'wake up call'; part of blame on policymakers too: Ajay Singh

India TV News  

The failure of Jet Airways should be a "wake up call" for the aviation industry and at least part of the blame should be at the doorstep of the policymakers as the cost structure is high, SpiceJet chief Ajay Singh has said. Noting that the grounding of Jet Airways was "very sad", Singh said that internal factors and high costs …

Jet Airways failure a 'wake up call' for aviation industry; part of blame at doorstep of policymakers: SpiceJet chief Ajay Singh
5 years, 7 months ago

Jet Airways failure a 'wake up call' for aviation industry; part of blame at doorstep of policymakers: SpiceJet chief Ajay Singh

Firstpost  

Low-cost carrier SpiceJet is expanding its operations and is set to take on lease 30 planes that were flown by Jet Airways Seoul: The failure of Jet Airways should be a “wake up call” for the aviation industry and at least part of the blame should be at the doorstep of the policymakers as the cost structure is high, SpiceJet …

With Jet Airways being non-operational, opportunities narrowing in Indian aviation market: Star Alliance CEO
5 years, 7 months ago

With Jet Airways being non-operational, opportunities narrowing in Indian aviation market: Star Alliance CEO

Firstpost  

Full service carrier Jet Airways, which had a significant number of international flights, temporarily suspended operations in April after running out of cash. Seoul: India is a big aviation market and Air India provides the important domestic network for our members but opportunities in the market are narrowing with Jet Airways being non-operational, Star Alliance CEO Jeffrey Goh said on …

Unable to approve results: Jet
5 years, 7 months ago

Unable to approve results: Jet

The Hindu  

Jet Airways on Thursday informed the stock exchanges that it was not in a position to consider and approve audited financial results for the period ending March 31, owing to the ongoing bidding process and resignations of employees and directors. In a filing with the stock exchanges, the airline cited “ongoing bidding process undertaken by the domestic lenders for change …

First time in over 5 years, India's domestic air traffic growth falls in April on Jet Airways shutdown: IATA
5 years, 7 months ago

First time in over 5 years, India's domestic air traffic growth falls in April on Jet Airways shutdown: IATA

Firstpost  

New Delhi: India’s domestic air traffic registered first negative growth rate in more than five years in April, mainly due to the demise of Jet Airways, global airlines’ grouping IATA said on Wednesday. The International Air Transport Association, a grouping of around 290 airlines, said following a sustained period of strong double-digit RPK growth, the India domestic market recorded its …

Crisis-hit Jet airways may find its saving grace this week
5 years, 7 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 …

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, 7 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's revival hope sinks as lenders struggle to find investor
5 years, 7 months ago

Jet's revival hope sinks as lenders struggle to find investor

India Today  

Mumbai-based airline Jet Airways hit another roadblock on Tuesday after four senior officials including the company's CEO Vinay Dube resigned. Meanwhile, the lenders of Jet Airways now face a stringent condition to prevent the temporarily grounded airline from becoming a non-performing asset. "Etihad re-emphasises that it cannot be expected to be the sole investor and that additional suitable investors would …

Jet Airways crisis: Etihad Airways bid in cash-strapped airline comes as a sign of relief but hinges on finding another partner
5 years, 7 months ago

Jet Airways crisis: Etihad Airways bid in cash-strapped airline comes as a sign of relief but hinges on finding another partner

Firstpost  

Etihad’s bid for Jet Airways is a sort of a surprise as it has run up $4.8 billion worth of losses over the past three years The tension was palpable. No one knows yet the terms set out by Etihad Airways with respect to investing in Jet Airways, given the bid is yet to be assessed. Etihad said, “Etihad Airways …

Now, employees and regular flyers come up with a plan to give Jet Airways wings
5 years, 8 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 shares plunge 22.5%, hit 1-year low amid reports hint at lack of interest among bidders to follow up EoI
5 years, 8 months ago

Jet Airways shares plunge 22.5%, hit 1-year low amid reports hint at lack of interest among bidders to follow up EoI

Firstpost  

Jet Airways ceased operations on 17 April after months of financial difficulties and multiple attempts at saving the oldest private sector airliner failed. New Delhi: Shares of Jet Airways plunged 22.5 percent on Thursday amid a report that bidders for Jet Airways so far appear uninterested in following up on their expressions of interest. Investors deserted the Jet Airways counter …

Crisis in Jet explodes myths over aviation
5 years, 8 months ago

Crisis in Jet explodes myths over aviation

Deccan Chronicle  

The simplistic inference to be drawn from the financial decay of Jet Airways is that a private sector airline can run into debt due to mismanagement in the same way that Air India/Indian Airlines can in the public sector. And when faced with the failures of private airlines like Kingfisher and Jet Airways, analysts should not fall back on the …

Jet Airways crisis: National Aviator's Guild urges Narendra Modi to ask SBI to release one month's staff salary
5 years, 8 months ago

Jet Airways crisis: National Aviator's Guild urges Narendra Modi to ask SBI to release one month's staff salary

Firstpost  

Jet Airways has not paid March salaries to its over 20,000 employees. Mumbai: The National Aviator’s Guild, which represents pilots of the grounded carrier Jet Airways on Saturday requested Prime Minister Narendra Modi to “direct” the airline’s lender State Bank of India to release one month’s salary of all the employees. In a late evening Letter to the respected Prime …

Jet Airways CEO tells staff no word from promoters, banks on salaries
5 years, 8 months ago

Jet Airways CEO tells staff no word from promoters, banks on salaries

Live Mint  

In a clear indication of lack of support from the lenders on further funding, Jet Airways chief executive Vinay Dube has said it is painful that there is no commitment on the part of the all stakeholders on paying salaries to the employees which are due in a few days. The airline suspended operations after the SBI-led consortium of lenders …

Jet Airways will do everything to revive airline: CEO
5 years, 8 months ago

Jet Airways will do everything to revive airline: CEO

India Today  

India's Jet Airways is constantly engaging with the government and lenders for a resolution of the current debt crisis and will not leave any stone unturned to revive the airline, its chief executive officer Vinay Dube told television channel ET Now in an interview. "But I would like to think that a flying Jet Airways makes definite sense for them …

Jet Airways revival at stake; shortlisted bidders find no value in parking funds in embattled airline
5 years, 8 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 shares halt three-day decline; zoom 13% on value buying at lower levels after plunging 40.94%
5 years, 8 months ago

Jet Airways shares halt three-day decline; zoom 13% on value buying at lower levels after plunging 40.94%

Firstpost  

Shares of Jet Airways, which has shut down operations temporarily, continued to fall for the third day in a row on Monday, tumbling over 23 percent. New Delhi: Shares of Jet Airways Limited halted its three-day decline and surged 13 percent Tuesday on value buying at lower levels. On the traded volume front, 43.47 lakh shares of the company were …

Jet Airways crisis: Banks unions want lenders to offer special loans to airline's over 22,000 employees
5 years, 8 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 stake sale: Tata Group likely to make yet another bid for grounded airline via bankruptcy courts
5 years, 8 months ago

Jet Airways stake sale: Tata Group likely to make yet another bid for grounded airline via bankruptcy courts

Firstpost  

In November last year, Tata Group had made a bid to buy controlling stake in Jet Airways, but wanted the exit of the airline’s existing promoters, the Naresh Goyal family. After the Tata Group had tried to acquire majority stake in the now shut down Jet Airways last year, the salt-to-software company may make yet another bid to buy the …

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