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Jet Airways crisis: US Exim Bank to seize all Boeing 777 aircraft as lenders yet to release interim funds to ailing airline

Meanwhile, Punjab National Bank (PNB) managing director Sunil Mehta said on Tuesday that lenders to the cash-strapped Jet Airways are committed to reviving the air carrier but nothing has been finalised yet.

Jet Airways crisis: Airline's survival under threat as lenders still undecided on funding; board to meet on Tuesday

Jet Airways chief executive Vinay Dube in an internal communication has said the lenders could not decide on the emergency funding and that the board of the airline will meet Tuesday to take a call on the future.

Naresh Goyal's Jetair submits bid for Jet Airways with support from US, London firms; lenders unlikely to consider offer

Another report said that lenders to Jet Airways may not consider an initial bid from Goyal to regain control of the troubled airline as he did not fulfil certain conditions set by them while submitting the EoI on Friday.

Jet Airways crisis: Naresh Goyal says ready to pledge rest of his shares in cash-strapped airline for Rs 1,500-cr interim fund

Amid acute financial crunch, which has also forced it to delay salaries to employees and payments to banks, aircraft lessors and vendors, Jet Airways is struggling to remain afloat.

Jet Airways crisis: Airline's domestic pilots body serves legal notice, sets 14 April deadline to clear salary dues

Jet Airways domestic pilots body, the National Aviators Guild (NAG) on Tuesday served a legal notice to the airline, setting 14 April deadline for the new management to clear their salary dues

DGCA approves Jet Airways' summer schedule only till 25 April; other carriers get nod till 26 October

A major crisis at the struggling Jet Airways was averted Sunday after its pilots' body, National Aviator's Guild, deferred till 15 April its call for halting operations.

Jet Airways pilots defer strike to 15 April; SBI-led consortium says can remit only December salary to staff

Jet Airways has been defaulting on salary payments to pilots, engineers and senior management since August last year

Jet Airways' pilots say they remain committed to airline; will ensure company returns to former glory

The development came a day after Jet Airways chairman Naresh Goyal and his wife Anita holding 51 percent of the equity resigned from the board and transferred control to the lenders.

Jet Airways pilots body to hold annual meeting on Tuesday amid non-payment of salaries to employees

The meeting assumes significance as it comes in the backdrop of drastically reduced operations and non-payment of salaries to pilots along with engineers and other senior staff for more than three months now.

Jet Airways delays interest payment to debenture holder on financial constraints as rescue deal hits yet another hurdle

Jet Airways has been saddled with debt of over Rs 8,000 crore due to tight competition and rising fuel costs, forcing the carrier to ground several of its aircraft.