Indigo Partners

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Indigo Partners - Total results - 16
Jet Airways crisis: SBI-led consortium gives up revival bid, votes for bankruptcy court to recover Rs 8,000 cr dues
Business

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

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

Jet Airways crisis: Two operational creditors drag debt-laden airline to NCLT, next hearing on 13 June
Business

Jet Airways crisis: Two operational creditors drag debt-laden airline to NCLT, next hearing on 13 June

The tribunal issued notices to Jet Airways and banks which own the airline now and posted the matter for further hearing on 13 June when it will decide on admitting or rejecting the bankruptcy pleas.

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

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

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

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

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

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

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

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

Unfortunately for Jet Airways employees, there is nothing to leverage with the grounded airline's net worth in the negative.

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

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

Jet Airways ceased operations on 17 April after months of financial difficulties and multiple attempts at saving the oldest private sector airliner failed.

Jet Airways crisis: Bidders for debt-laden airline not keen to follow-up, shares tumble over 20% to a decade low
Business

Jet Airways crisis: Bidders for debt-laden airline not keen to follow-up, shares tumble over 20% to a decade low

Three of the four qualified bidders - Etihad Airways, TPG Capital and Indigo Partners - have not signed non-disclosure agreements which are necessary for conducting due diligence

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

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

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.

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

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

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.

Bombay HC refuses to intervene in Jet Airways crisis, says it cannot ask govt, RBI to release fund
Business

Bombay HC refuses to intervene in Jet Airways crisis, says it cannot ask govt, RBI to release fund

Jet Airways' last flight landed at the city airport past midnight from Amritsar and became the seventh carrier to shutter operations in the past five years.

Jet Airways issues gag order over 20,000 employees, cautions talking to media will affect bidding process
Business

Jet Airways issues gag order over 20,000 employees, cautions talking to media will affect bidding process

The grounding of India's oldest private airline company sent shock waves among its 20,000-odd employees, of whom Jet Airways owes over three months salaries to 15 percent of the staff.

Govt should not rescue cash-strapped Jet Airways, it's not in State's interest to run airlines
Business

Govt should not rescue cash-strapped Jet Airways, it's not in State's interest to run airlines

The operational creditors of Jet Airways, everyone from its service providers to its workers, can still take the airline to the bankruptcy court.

Jet Airways lenders 'reasonably hopeful' of getting successful bids for grounded cash-strapped airline
Business

Jet Airways lenders 'reasonably hopeful' of getting successful bids for grounded cash-strapped airline

Jet Airways still has a market capitalisation of about $400 million, as investors have clung to hopes of a rescue deal being clinched.

Jet Airways CEO says all jobs can't be secured during sale process; has 'no answer' for fate of over 20,000 employees
Business

Jet Airways CEO says all jobs can't be secured during sale process; has 'no answer' for fate of over 20,000 employees

Jet Airways owes over three months salaries to 15 percent of the staff comprising senior management, pilots and engineers

Lessors rush to repossess 4 more Jet Airways' Boeing 737 planes, as debt-laden airline stares at shutdown
Business

Lessors rush to repossess 4 more Jet Airways' Boeing 737 planes, as debt-laden airline stares at shutdown

Jet Airways CEO Vinay Dube said on Tuesday in a letter to employees that the carrier had stressed to its lenders the need for some urgent funding, critical to the continuation of its operations.