Recent Highlights
All Stories for Tony Douglas
Jet Airways' revival plan stalled by promoter Naresh Goyal's demand to exclude perpetuity clause
Fp Staff • 6 years agoAt Etihad 's board meeting several members reportedly expressed reservations about the terms proposed by the lenders
DGCA may not bar Jet Airways from accepting advance bookings beyond a period amid massive flight cancellations
Fp Staff • 6 years agoSources at Jet Airways clarified that DGCA is unlikely to bar Jet Airways from accepting advance bookings
Decision to provide emergency funds to crisis-hit Jet Airways will be taken on collective basis: PNB
• 6 years agoJet Airways has a debt of over Rs 8,000 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.
Etihad Airways loses $1.28 billion in 2018 as its strategy of aggressively buying stakes in other airlines turns sour
• 6 years agoSince 2016, Etihad has lost a total of $4.75 billion as its strategy of aggressively buying stakes in airlines from Europe to Australia to compete against Emirates
Crisis-hit Jet Airways defaults on foreign loan repayment; Etihad Airways likely to infuse around Rs 1,600-1,900 crore
• 6 years agoJet Airways, which has been in service for 25 years, has been grappling with acute financial woes that have forced it to ground around 50 planes
Jet Airways resolution plan: Founder Naresh Goyal agrees to step down as chairman as part of rescue deal
Fp Staff • 6 years agoEithad, which owns a 24 percent stake in Jet Airways, is, however, reticent to provide interim funding of about 7 billion rupees ($99 million) to Jet Airways
Troubles mount for debt-laden Jet Airways as nearly one-third of fleet likely to be grounded soon
Fp Staff • 6 years agoAs many as 28 aircraft have already been grounded and by the end of February, another 14 planes will be grounded making it almost one-third of Jet Airways' fleet of 123 planes.
SBI calls lenders' meeting with Jet Airways chairman Naresh Goyal and Etihad CEO Tony Douglas
• 6 years agoSBI is the lead lender of a consortium that has extended loans to Jet Airways
Jet Airways lenders expected to get reply from Etihad this week on terms of capital infusion in debt-laden airline
Fp Staff • 6 years agoEtihad Airways offered to invest in Jet Airways Ltd at Rs 150 ($2.11) per share, along with an immediate release of $35 million
SBI says lenders in talks for Jet Airways' restructuring plan for resolution of stressed assets
• 6 years agoStatements from Jet and its biggest lender SBI come after it was reported that Etihad had offered to buy Jet shares at a 49 percent discount