Jet Airways crisis: Lenders to take debt-laden airline to NCLT as banks yet to get any concrete proposal for revival
The bank said lenders have been making efforts to find a resolution for Jet Airways outside IBC but now have decided to seek a resolution within the IBC.
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.
Jet Airways crisis: Two operational creditors of debt-laden airline file petitions in NCLT to recover dues
The move by Shaman Wheels and Gaggar Enterprises came at a time when Hinduja Group is evaluating an opportunity to invest in the now-grounded Jet Airways.
Jet Airways crisis: Exodus of top executives continues, two more senior officials quit airline taking total exits to 6 in two days
The exodus of the top deck in Jet Airways is termed as a major setback to the efforts to revive the debt-laden airline by its lenders.
Jet Airways revival: Lenders may initiate fresh talks with NIIF soon; reach out to Hinduja group offering stake in airline
This move is a major step towards reviving Jet Airways, which suspended its entire operations on 17 April due to acute liquidity crunch, the report said.
Jet Airways revival: Etihad Airways bids for minority stake in beleaguered airline; SBI-led lenders’ consortium, NIIF to get hit
Etihad Airways’ decision to bid for Jet Airways could possibly be a way to preserve the bilateral it was given, as well as to protect its India feed.
Downfall of Jet Airways: Debt-laden airline never had a viable business model, failed to maintain income-expenditure balance
The overall expenditure of Jet Airways was simply too high, given the total income of the airline. A basic problem with the business model
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 approaches airlines, e-commerce firms seeking jobs for the staff as uncertainty over its fate continues
The Jet Airways management is reportedly creating a database of the employee profiles and sharing them with prospective companies, said the report quoting several persons in the know of the matter.
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 debacle: Satyam-style model worked with Tech Mahindra but will not be answer to cash-strapped airline's fortunes
So much so, even if IndiGo, for example, agrees to take Jet Airways in its wide wings on merger, it would not be enough because the cash crunch would spread from Jet Airways to Indigo.
Jet Airways slot allocation to other airlines on temporary basis, move to reduce flyers' inconvenience: Govt
The SBI-led consortium of lenders and Jet Airways employees unions had on Monday urged the government to secure its international landing slots to protect its valuation.
Jet Airways shares halt three-day decline; zoom 13% on value buying at lower levels after plunging 40.94%
Shares of Jet Airways, which has shut down operations temporarily, continued to fall for the third day in a row on Monday, tumbling over 23 percent.
Jet Airways had on 17 April announced temporary suspension of operations after it failed to receive emergency funds from lenders, leaving about 23,000 employees to face a bleak future.
Jet Airways grounded: JetPrivilege says members need not worry, JPMiles value, safety remain intact; all you need to know
Like the passengers, who booked tickets in Jet Airways before the temporary grounding of the airline and worried about the refund now, the JPMiles earners are also concerned about if they can encash the reward points.
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.
Nasim Zaidi quits Jet Airways board 7 months after joining airline; cites personal reasons, time constraints for exit
Nasim Zaidi, the former Chief Election Commissioner and ex-civil aviation secretary, joined the Jet Airways board in August last year.
Lenders explore ways to utilise 15 Jet Airways planes, protect valuable assets; proposals under consideration
Jet Airways owns 16 aircraft, including 10 wide-body Boeing 777-300 ERs, rest of the planes were on lease.
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.
Jet Airways pilots appealed for intervention from Prime Minister Narendra Modi, who is facing wider criticism over the scarcity of jobs as he campaigns for re-election in polls now underway.