Jet Privilege
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Tata Sons board meeting with Naresh Goyal-controlled Jet Airways today; will it snap up beleaguered airline?
Fp Staff •The two sides are inching towards a two-step transaction that would first see Jet merging with Tata-SIA that runs Vistara through a share swap to form a new JV, which will have the Goyal family, Etihad, Tata Sons and Singapore Airlines as partners
Cash-strapped Jet Airways in talks with many 'interested parties' for stake sale, capital infusion
Fp Staff •Jet Airways is looking for investors to tide over the liquidity crisis, which has resulted in delayed payments to some vendors and salaries to a section of its over 16,000 employees.
Icra downgrades Jet Airways' long-term borrowing programme amid steep increase in fuel prices, rupee depreciation
Fp Staff •Rating agency Icra has downgraded Jet Airways’ long-term borrowing programme to B from BB
Jet Airways denies loan default, says evaluating all funding options to meet liquidity requirements
•Jet Airways, which is grappling with financial woes, had last week deferred announcement of its financial results for the June quarter and is yet to announce a date.
One-time income helps Jet Airways sniff profit, loss narrows by 96%
Fp Archives •Jet Airways also logged a near 14 percent rise in passenger revenues to Rs 4,277 crore from Rs 3,753 crore a year ago, while the revenue from cargo rose 10.5 percent to Rs 379 crore from Rs 343 crore in the corresponding quarter previous fiscal.