Jet Airways-crisis

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Jet Airways-crisis - Total results - 34
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.

Jet Airways crisis: Lenders mull liquidation of grounded airline after EoIs attract no major bidder, CoC may meet this week
Business

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.

Jet Airways crisis: Etihad Airways says will not express interest to invest in cash-strapped airline on unresolved liabilities
Business

Jet Airways crisis: Etihad Airways says will not express interest to invest in cash-strapped airline on unresolved liabilities

Etihad acquired a 24 percent stake in Jet Airways in 2013, at a time when the carrier had needed significant financial support.

Days after submitting EoI for Jet Airways, Vedanta's Anil Agarwal says not interested in debt-laden airline
Business

Days after submitting EoI for Jet Airways, Vedanta's Anil Agarwal says not interested in debt-laden airline

In April, Etihad had presented a conditional expression of interest to reinvest in Jet Airways as a minority stakeholder, with a partner, but it did not materialise.

Jet Airways crisis: Etihad says not feasible to reinvest in cash-strapped airline, cites unresolved issues concerning liabilities
Business

Jet Airways crisis: Etihad says not feasible to reinvest in cash-strapped airline, cites unresolved issues concerning liabilities

Gulf carrier Etihad, which holds 24 percent stake in Jet Airways, on Monday said it has decided not to reinvest in the airline due to unresolved issues concerning liabilities

Jet Airways crisis: JetLite employees demand dues; will seek to include in insolvency proceedings of debt-laden airline
Business

Jet Airways crisis: JetLite employees demand dues; will seek to include in insolvency proceedings of debt-laden airline

A section of employees of JetLite, a wholly-owned subsidiary of defunct Jet Airways, on Tuesday said their claims should also be included in the ongoing insolvency proceedings of the parent firm

If Jet Airways founder Naresh Goyal wants to go abroad, he should first deposit Rs 18,000 cr as guarantee: Delhi HC
Business

If Jet Airways founder Naresh Goyal wants to go abroad, he should first deposit Rs 18,000 cr as guarantee: Delhi HC

He added that Goyal wanted to go to Dubai and London for the purpose of arranging funds for the Jet group which was facing financial crisis.

Unprecedented rally in crisis-hit Jet Airways shares after 13-day downtrend; zoom over 122% to close at Rs 73.55
Business

Unprecedented rally in crisis-hit Jet Airways shares after 13-day downtrend; zoom over 122% to close at Rs 73.55

Earlier in the day, shares of Jet Airways had touched its all-time low of Rs 27, down 18.42 percent.

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

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

The scrip of Jet Airways tanked 16.76 percent to close at Rs 68.30 on the BSE. During the day, it plummeted 19.56 percent to hit a multi-year low of Rs 66.

Jet Airways crisis: NCLT asks operational creditors to again serve legal notices to airline, adjourns hearing to 20 June
Business

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 revival: Asking banks to write off Rs 8,500-cr outstanding is unfairness at its worst
Business

Jet Airways revival: Asking banks to write off Rs 8,500-cr outstanding is unfairness at its worst

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 CEO Vinay Dube resigns citing 'personal reasons', third top executive to quit ailing airline in 24 hours
Business

Jet Airways CEO Vinay Dube resigns citing 'personal reasons', third top executive to quit ailing airline in 24 hours

Jet Airways Chief Executive Officer Vinay Dube has resigned with immediate effect, according to a filing in the exchanges. Along with him, Rahul Taneja, chief people officer has also put in his papers, said media reports.

Jet Airways employees hold silent protest at Mumbai International Airport, seek govt intervention to solve crisis
Business

Jet Airways employees hold silent protest at Mumbai International Airport, seek govt intervention to solve crisis

Jet Airways had on 17 April suspended all domestic and international flights after failing to secure emergency funds from its lenders

Naresh Goyal writes to Jet Airways employees: 'I hope and pray banks will finalise bidders on 10 May'
Business

Naresh Goyal writes to Jet Airways employees: 'I hope and pray banks will finalise bidders on 10 May'

After running out of cash, Jet Airways temporarily shut down operations on 17 April and a bidding process is underway

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: Scarcity of jobs in aviation sector may see short-term salary correction in industry
Business

Jet Airways crisis: Scarcity of jobs in aviation sector may see short-term salary correction in industry

Jet Airways employees are now out in the job market, leading to a supply glut as other airlines are not in a position to absorb even a quarter of them

Jet Airways crisis: British entrepreneur sends unsolicited offer for cash-starved airline, meets Indian investors for joint bid
Business

Jet Airways crisis: British entrepreneur sends unsolicited offer for cash-starved airline, meets Indian investors for joint bid

The full-service carrier temporarily suspended operations on 17 April as it ran out of cash after lenders decided against extending any emergency funds