Debt Resolution-plan

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Debt Resolution-plan - Total results - 10
DHFL lenders led by State Bank of India expected to complete debt resolution plan quickly
Business

DHFL lenders led by State Bank of India expected to complete debt resolution plan quickly

DHFL said, the company, in the past 12 months has repaid obligations of nearly Rs 45,000 crore, which is nearly 40 percent of its current balance sheet size.

Jet Airways employees seek President Ram Nath Kovind's intervention for salary dues, emergency funds
Business

Jet Airways employees seek President Ram Nath Kovind's intervention for salary dues, emergency funds

Cash-starved Jet Airways, which has around 23,000 employees, has delayed payment of salaries to the employees, including pilots.

Jet Airways suspends all operations temporarily; cash-strapped airline was unable to get emergency funds
Business

Jet Airways suspends all operations temporarily; cash-strapped airline was unable to get emergency funds

Jet Airways is flying its last flight tonight as it temporarily shuts down operations, according to a company statement

Jet Airways crisis: No takers for airline's stake on day one of bidding; Etihad, NIIF may emerge as top contenders
Business

Jet Airways crisis: No takers for airline's stake on day one of bidding; Etihad, NIIF may emerge as top contenders

Prospective bidders of struggling Jet Airways need to settle the airline’s existing debt as part of any deal to buy a stake in the carrier, its consortium of lenders led by SBI said in a statement on Monday.

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

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

Jet Airways, which is grappling with acute financial woes, had a fleet of around 119 planes.

Jet Airways' lenders to invite bids for stake sale on 6 April; ready to look at other options
Business

Jet Airways' lenders to invite bids for stake sale on 6 April; ready to look at other options

After taking stock of the current situation at cash-strapped Jet Airways, which is currently operating less than 30 planes, the lenders said they would pursue resolution plan for the carrier in a time-bound manner under the present legal and regulatory framework.

Have agreed to every condition laid down by Jet Airways' lenders to ensure release of funds for airline, says Naresh Goyal
Business

Have agreed to every condition laid down by Jet Airways' lenders to ensure release of funds for airline, says Naresh Goyal

Jet Airways is set to undergo a debt resolution whereby lenders will take control and also infuse funds worth Rs 1,500 crore

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

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

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.

No sacrifice too big to safeguard interest of Jet Airways, says Naresh Goyal on stepping down
Business

No sacrifice too big to safeguard interest of Jet Airways, says Naresh Goyal on stepping down

Naresh Goyal is the founder of the full-service airline, which has been operating for more than 25 years

PSBs have kept public interest in mind, says Arun Jaitley on decision regarding Jet Airways
Business

PSBs have kept public interest in mind, says Arun Jaitley on decision regarding Jet Airways

Jet Airways' board has approved immediate fund infusion of up to Rs 1,500 crore by lenders as well as conversion of debt into equity