Jet Airways

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Jet Airways - Total results - 1402
Jet Airways-KLM deal for Dutch business fails to take off; regulatory clearance approval declined
Business

Jet Airways-KLM deal for Dutch business fails to take off; regulatory clearance approval declined

Jet Airways was grounded in March last year after it ran out of cash for operations.

Jet Airways insolvency resolution professional seeks fresh expressions of interest for defunct airline; shares up over 4%
Business

Jet Airways insolvency resolution professional seeks fresh expressions of interest for defunct airline; shares up over 4%

Jet Airways insolvency resolution professional on Wednesday invited fresh expressions of interest (EoI) for the grounded airline

Coronavirus Impact: Two SpiceJet lessors in talks to terminate contracts, reclaim planes over missed payments, says report
Business

Coronavirus Impact: Two SpiceJet lessors in talks to terminate contracts, reclaim planes over missed payments, says report

One of the leasing companies started to pull out a few planes earlier this year after SpiceJet failed to pay maintenance fees due since late last year

Jet Airways collapse one year-ago was a reflection of challenging environment in India: IATA
Business

Jet Airways collapse one year-ago was a reflection of challenging environment in India: IATA

The collapse of Jet Airways was a reflection of the challenging environment in the country, including high operating costs and a regulatory regime that restricts the ability of airlines to operate as normal commercial businesses, according to the IATA

A year after Jet Airways grounding, wishes to go back in time, hopes of revival dot the firmament
Business

A year after Jet Airways grounding, wishes to go back in time, hopes of revival dot the firmament

"Wish I could go back in time", yearns a pilot who was in the cockpit of a Jet Airways plane that landed little past midnight at Mumbai airport on April, 2019. Not many thought it will be the last flight of the once-storied carrier, where scores of pilots and other staff served for at least two decades

Jet Airways insolvency: NCLT allows 90 days' extension for grounded airline's bankruptcy process
Business

Jet Airways insolvency: NCLT allows 90 days' extension for grounded airline's bankruptcy process

The National Company Law Tribunal (NCLT) on Wednesday allowed 90 days' extension for the corporate insolvency resolution process of Jet Airways

Airlines expected to outlive COVID-19 pandemic scare with resized business; govt support vital to see through turbulence
Business

Airlines expected to outlive COVID-19 pandemic scare with resized business; govt support vital to see through turbulence

Globally, airlines have focused on becoming bigger to ensure their customers don’t have to look elsewhere for their travel needs.

Jet Airways resolution professional seeks 90 days extension for bids from NCLT
Business

Jet Airways resolution professional seeks 90 days extension for bids from NCLT

Jet Airways' resolution professional on Friday filed an application in National Company Law Tribunal (NCLT) seeking 90 days extension for the corporate insolvency resolution process of the defunct carrier

Jet Airways stock hits lower circuit, falls nearly 5% as deadline for submission of bids ends
Business

Jet Airways stock hits lower circuit, falls nearly 5% as deadline for submission of bids ends

Shares of Jet Airways on Friday plunged as much as 4.74 percent to hit lower price band on the BSE as its deadline for submission of bids ended

Airline shares tumble as global travel restrictions hit investor sentiment; SpiceJet slumps over 18% in early trade
Business

Airline shares tumble as global travel restrictions hit investor sentiment; SpiceJet slumps over 18% in early trade

Shares of IndiGo, SpiceJet and the defunct Jet Airways were deep in the red in the morning trade, with SpiceJet slumping over 18 percent.

Jet Airways founder Naresh Goyal booked in money-laundering case; residence raided, statement recorded
Business

Jet Airways founder Naresh Goyal booked in money-laundering case; residence raided, statement recorded

Last year, the ED had registered an offence against Goyal and his wife in connection with FEMA (Foreign Exchange Manipulation Act) violations.

Jet Aiways revival: Grounded airline's lenders to issue fresh EoIs; creditors’ panel extends resolution plans deadline to 9 March
Business

Jet Aiways revival: Grounded airline's lenders to issue fresh EoIs; creditors’ panel extends resolution plans deadline to 9 March

The decision to call for fresh bids was taken after a team from Russia's Far East Asia Development Fund along with Enso Group met the CoC earlier this month and expressed interest in Jet Airways.

Ticket prices: Antitrust investigators find no evidence of collusion by IndiGo, SpiceJet, other rival carriers; CCI yet to make final ruling
Business

Ticket prices: Antitrust investigators find no evidence of collusion by IndiGo, SpiceJet, other rival carriers; CCI yet to make final ruling

Budget airline IndiGo, the country’s biggest carrier, said in a statement “the case is without merit” and added that it has been cooperating with the investigation.

Jet Airways: CoC decides to extend deadline for bids to 10 March after Russian Fund shows interest in grounded airline
Business

Jet Airways: CoC decides to extend deadline for bids to 10 March after Russian Fund shows interest in grounded airline

The deadline for submitting the bids for Jet Airways, which is undergoing insolvency process, ended on Monday

Jet Airways revival plan: Creditors panel to meet today, may decide on extending deadline to two suitors keen on crisis-hit airline
Business

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.

‘Overwhelming evidence’ against Vijay Mallya, Crown Prosecution Service tells UK court on second day of extradition trial; verdict to be announced today
World

‘Overwhelming evidence’ against Vijay Mallya, Crown Prosecution Service tells UK court on second day of extradition trial; verdict to be announced today

Liquor tycoon Vijay Mallya appeared before the Royal Courts of Justice in London for his appeal against being extradited to India, during which the prosecution highlighted overwhelming evidence of dishonesty on his part

What an Air India buyer will get: Debt, old aircraft, little-used Star Alliance creds and lots of extra employees
Business

What an Air India buyer will get: Debt, old aircraft, little-used Star Alliance creds and lots of extra employees

Only recently has Air India moved to the sale and leaseback model with their Boeing 787 purchases, and Air India’s newest A320neo aircraft, all 27 of them are on a lease.

HDFC Bank shows no signs of slow down, Bandhan Bank a hyper-aggressive player; all this and more on Moneycontrol Pro
Business

HDFC Bank shows no signs of slow down, Bandhan Bank a hyper-aggressive player; all this and more on Moneycontrol Pro

Like several microfinanciers that have become small finance banks, Bandhan Bank remains for the most part a microfinance lender.

Jet Airways crisis: Debt-laden airline plans to sell Netherlands business to KLM; deal not to impact company's shareholding pattern
Business

Jet Airways crisis: Debt-laden airline plans to sell Netherlands business to KLM; deal not to impact company's shareholding pattern

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.