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Etihad Airways News
Robin Kamark, nominee director of Etihad, resigns from Jet Airways board
Fri, May 17, 2019
Crisis-hit Jet Airways today informed stock exchanges that Etihad Airways' nominee director Robin Kamark has resigned as director the grounded airline. The resignation is with effect from yesterday.
Etihad says it can only invest around Rs 1,700-2,000 crore in Jet Airways
Mon, May 13, 2019
Etihad Airways has said it can only invest up to Rs 1,700-2,000 crore in Jet Airways, a fraction of what the grounded airline needs for survival.
Etihad submits binding bid for Jet Airways
Fri, May 10, 2019
“Etihad Airways today confirmed its interest to re-invest in a minority stake in India’s Jet Airways, subject to conditions,” said a spokesperson for the Gulf carrier which owns 24 per cent of Jet.
Etihad interested in re-investing in Jet Airways subject to conditions
Fri, May 10, 2019
Etihad Airways is interested in re-investing in embattled Indian carrier Jet Airways for a minority stake, subject to certain conditions, a spokesman for the Middle Eastern carrier said on Friday.
Etihad to offer wireless streaming, remove screens from narrow-body fleet
Mon, Apr 29, 2019
Abu Dhabi`s Etihad Airways will offer wirelessly streamed movies and television shows to passengers on mainly short-haul flights as it removes entertainment screens from its Airbus A320 narrow-body fleet.
Jet Airways Crisis: How would the airline firm revive itself?
Tue, Apr 23, 2019
A revival of Jet Airways India Ltd., once the nation’s biggest carrier by market value, is at risk as days roll by since its operations were completely halted.
Kingfisher Airlines escaped, Jet Airways trapped! The cost of defaulting is Re 1
Thu, Feb 21, 2019
Fate of Jet Airways is similar like Kingfisher ones, when it comes to repaying debt. But interestingly, Kingfisher still escaped the new method of repaying debt.
Who will be Jet Airways new owner? Naresh Goyal's airline slipping away from his grasp
Fri, Feb 15, 2019
Jet Airways Board considered and approved a bank led Provisional Resolution Plan (BLPRP). The BLPRP proposes restructuring in order to meet a funding gap of nearly Rs 8500 crore, which is to be met by an appropriate mix of equity infusion, debt restructuring, sale/sale and lease back/refinancing of aircraft, among other things.
Jet Airways debt issue: Naresh Goyal in talks with SBI on resolution plan; shares do U-turn, rise over 5%
Thu, Jan 17, 2019
Jet Airways also clarified in regards to stock jump, saying, "unable to comment on the reasons for the increase in its stock price on stock exchanges."
Jet Airways battle to stay in the air! Shares drop 10%, airline breaks silence on speculations
Wed, Jan 16, 2019
Jet Airways have known the corners of India through air since 1993, but who would have expected the airline to suffer through such a cash crunch despite fleet orders stored in line.
Jet Airways shares sink over 8% amid uncertainty over open offer
Wed, Jan 16, 2019
Under market regulator Sebi's norms, entities have to make an open offer in case their shareholding in listed companies goes beyond a certain threshold.
Etihad to raise stake in debt-laden Jet Airways
Tue, Jan 15, 2019
The Etihad Airways is planning to hike its stake in debt-laden Jet Airways, a person close to the Abu Dhabi carrier told Reuters late on Monday, further driving up shares of the Indian airline.
Jet Airways seeks $350 mn soft loan from Etihad
Thu, Dec 06, 2018
Cash crunched Jet Airways has sought a soft financing of USD 350 million from its investment partner Etihad Airways, as it continues to hold discussions with the latter to offload additional stake in the carrier, an airline source said Thursday.
Jet Airways close to funding deal with Etihad? Here are details
Wed, Dec 05, 2018
Debt-laden Indian carrier Jet Airways Ltd is close to finalising a deal under which shareholder Etihad Airways will inject fresh funds, news channel CNBC-TV18 reported late on Tuesday, citing sources.
Etihad a friend in need for Jet Airways? 'Unhappy' with Tata offer, Naresh Goyal turns to old partner
Mon, Nov 26, 2018
Jet Airways has been going through financial turbulence for quite a sometime now and has even delayed salaries of its staff many times.
Tata Sons only in preliminary talks with Jet Airways about a deal
Fri, Nov 16, 2018
Shares in debt-laden Jet Airways surged on Friday for a fourth straight day after media reported that Tata was close to making a takeover bid for the airline, which flies to destinations including Hong Kong, Dubai, London and New York.
Jet Airways in talks with pilots and other staff over unpaid salary
Thu, Sep 06, 2018
Jet Airways (India), part-owned by Etihad Airways, had said late last month that it would inject funds and cut costs in excess of 20 billion rupees ($278 million) in two years in an effort to stem losses.
State of aviation in India: Mergers, acquisitions, consolidation not best options for survival
Fri, Aug 17, 2018
Etihad’s minority stake in Jet Airways is possibly the worst that could have happened to the airline as the network values of most Middle East carriers is to drive traffic and revenue into its hubs and redistribute that traffic thereon.
Etihad Airways unveils WhatsApp service for instant communication with passengers
Tue, Jul 24, 2018
Using the messaging service app, information on possible delays, issues with flights or gate changes can reportedly be communicated quickly and easily to the passengers. The airline plans to extend this service in future so that fliers can receive important messages by opting into WhatsApp communications on the Etihad Airways booking confirmation page, the report said.
Jet Airway plans to scrap first class in its Boeing 777 planes
Thu, Nov 23, 2017
Jet Airways, earlier this week, told investors about its plans for strategic growth where the key focus would be on cost minimisation. The carrier is looking at doing away with first class seats in B777 planes in order to increase the number of seats in them as part of larger cost reduction efforts.