Tpg Capital

Jet Airways crisis: Two operational creditors drag debt-laden airline to NCLT, next hearing on 13 June

The tribunal issued notices to Jet Airways and banks which own the airline now and posted the matter for further hearing on 13 June when it will decide on admitting or rejecting the bankruptcy pleas.

Jet Airways CEO Vinay Dube quits: With top executives deserting ailing airline, is there any hope left for its revival?

With the top level management throwing in the towel today, is now clear that there is no future for Jet Airways.

Jet Airways crisis: Etihad Airways submits binding bid; State Bank of India says it has received two unsolicited bids

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 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: Bidders for debt-laden airline not keen to follow-up, shares tumble over 20% to a decade low

Three of the four qualified bidders - Etihad Airways, TPG Capital and Indigo Partners - have not signed non-disclosure agreements which are necessary for conducting due diligence

Jet Airways revival at stake; shortlisted bidders find no value in parking funds in embattled airline

Etihad, which was keen to buy controlling stake in Jet Airways, has reportedly had a second thought to go ahead with the investment process as it could not find any value left in the embattled airline.

Jet Airways crisis: Lenders keen on resolution outside insolvency law framework in case bidding process fails

Running into debt of more than Rs 8,500 crore, Jet Airways has shut down operations temporarily after lenders decided against extending emergency funds for its survival

Bombay HC refuses to intervene in Jet Airways crisis, says it cannot ask govt, RBI to release fund

Jet Airways' last flight landed at the city airport past midnight from Amritsar and became the seventh carrier to shutter operations in the past five years.

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.