Rahul Bhatia of InterGlobe Enterprises says has signed agreement to take part in sale of Virgin Australia
Virgin Australia collapsed on 21 April, putting 16,000 jobs under threat.
Virgin Australia is one of the first major airlines to seek bankruptcy protection in response to the pandemic
Domestic travel, airline hubs latest hit as coronavirus curbs tighten; global capacity to fall by 25-35% this year
Australia’s largest airport operator, Sydney Airport Holdings Pty Ltd, wants to cut capital spending from a forecast A$350 million to A$450 million ($200 to $257 million), so as to focus only on critical projects, it said on Monday.
Etihad Airports reports $870 mn loss in 2019; airline says result 'encouraging' after losing billions in recent years
Etihad attributed the lower revenues to cutting back on routes as part of its restructuring plans
Jet Airways revival plan: Creditors panel to meet today, may decide on extending deadline to two suitors keen on crisis-hit airline
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.
Jet Airways crisis: Hinduja Group likely to bid for grounded airline again, to submit EoI by 15 January; shares up 5%
As per media reports, the UK-based group plans to submit an expression of interest by the 15 January deadline, signalling its intent to make a formal offer.
Jet Airways fails to attract new bidders during extended deadline period; may go ahead with 3 entities who submitted EOIs: Report
With no new bidders emerging during this period, there are only three entities that had put in their initial bids earlier
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.
Jet Airways crisis: Lenders mull liquidation of grounded airline after EoIs attract no major bidder, CoC may meet this week
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.
Volcan Investment's EoI is in now way connected to Vedanta, the company said in a statement
Jet Airways crisis: Hinduja Group, Etihad Airways likely to bid for debt-laden airline via IBC route; Tata, Qatar Airways keen to join race too
Qatar Airways is also expected to join the race for Jet Airways stake acquisition if the state-owned flag carrier of Qatar is able to find out a suitable local partner, the report said.
Jet Airways crisis: Lenders to meet today to finalise resolution for debt-laden airline; shares plunge over 18%
Last week, the I-T Department summoned Naresh Goyal, the founder of Jet Airways, for questioning in connection with an alleged tax evasion case.
Despite being one up dubiously in the matter of outstanding over IL&FS whose dues are estimated to be Rs 91,000 crore, DHFL has agreed to set its house in order.
Jet Airways crisis: NCLT asks operational creditors to again serve legal notices to airline, adjourns hearing to 20 June
The banks have appointed SBI Capital Markets as the investment banker to find an investor to scout investors for Jet Airways.
Jet Airways shares plunge nearly 11% amid reports of Hinduja Group, Etihad Airways pulling out of recuse efforts
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
Jet Airways crisis: Hinduja Group, Etihad Airways reconsider investment; shares of airline slump as much as 14.8%
Promoters of Hinduja Group expressed concerns over ongoing government investigations into Jet Airways and insolvency pleas submitted by its creditors
Jet Airways revival: Hinduja Group puts conditions, seeks assurance from govt before finalising investment in grounded airline
Last month, there were reports that Hinduja Group was planning to initiate the bidding process for Jet Airways reviving hopes of fresh life to the debt-laden airline.
Jet Airways crisis: SBI Chairman Rajnish Kumar to meet aviation secretary today to review status of resolution plan
The grounding of Jet Airways has also impacted the aviation industry's capacity by as much as about 14 percent
There is no reason why the SBI-led lenders' consortium should not prevail upon the new promoters to carry the dues as a liability in Jet Airways’ balance sheet with a moratorium period of, say 10 years.
Jet Airways crisis: Lenders likely to take final decision on the fate of grounded airline in next two weeks
Lenders are yet to receive a formal offer from the Hinduja Group, which had recently said it was evaluating the opportunity to invest in Jet Airways