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Jet Airways

Jet Airways Insolvency: JKC withdraws plea to put Rs 200 crore in escrow after NCLAT refuses relief

Jet Airways Insolvency: JKC withdraws plea to put Rs 200 crore in...

Tue, May 28, 2024

The withdrawal comes after the National Company Law Appellate Tribunal (NCLAT) refused to give any relief to JKC. An NCLAT bench headed by Chairman Justice Ashok Bhushan said the matter is already before the Supreme Court.

Air India appoints Jayaraj Shanmugam as head of global airport operations

Air India appoints Jayaraj Shanmugam as head of global airport op...

Mon, Apr 08, 2024

Shanmugam was the chief operating officer at the Bangalore International Airport Ltd (BIAL) and led the operationalisation of the new terminal 2.

NCLAT upholds Jet Airways transfer of ownership to Jalan Kalrock

NCLAT upholds Jet Airways transfer of ownership to Jalan Kalrock

Tue, Mar 12, 2024

"The impugned order passed by Adjudicating Authority (NCLT Mumbai) dated 13.01.2023 is upheld," said a two-member NCLAT bench. Besides, it has also directed the lenders of Jet Airways to adjust the Rs 150 crore paid by the consortium as performance bank guarantee (PBG).

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IndiGo, Jet Airways and SpiceJet shares soar as domestic air traffic hits new peak

IndiGo, Jet Airways and SpiceJet shares soar as domestic air traf...

Wed, Nov 22, 2023

At around 10:05 a.m., shares of InterGlobe Aviation, or IndiGo, were up 0.23 per cent on the BSE at Rs 2,626.6 apiece, Jet Airways (India) shares were up 0.34 per cent at Rs 55.4 apiece, and SpiceJet shares were up 2.43 per cent at Rs 41.24 apiece.

HC dismisses Jet Airways founder Naresh Goyal's plea against 'illegal' arrest by ED

HC dismisses Jet Airways founder Naresh Goyal's plea against...

Tue, Nov 07, 2023

In his plea, Goyal claimed his arrest was illegal as it was done without following provisions of the Prevention of Money Laundering Act (PMLA).

Hero MotoCorp, Jet Airways, HUL, Berger Paints: Stocks to watch out for on Thursday

Hero MotoCorp, Jet Airways, HUL, Berger Paints: Stocks to watch...

Wed, Nov 01, 2023

Shares of Bhansali Engineering, Coforge, Hindustan Unilever, Kajaria Ceramics, Laurus Labs, Share India Securities, and Tech Mahindra will trade ex-dividend on Thursday.

No end to Jet Airways founder Naresh Goyal's woes as ED attaches properties worth Rs 538 crore

No end to Jet Airways founder Naresh Goyal's woes as ED atta...

Wed, Nov 01, 2023

"The attached properties include 17 residential flats/bungalows and commercial premises in the name of various companies and persons," said ED in a post on 'X' on Wednesday.

Govt increases windfall tax on domestic crude, reduces duty on jet fuel; OMCs revise commercial LPG rates; here is how related stocks are performing

Govt increases windfall tax on domestic crude, reduces duty on je...

Wed, Nov 01, 2023

Last seen, shares of ONGC, Oil India, Mangalore Refinery & Petrochemicals Limited (MRPL), and Chennai Petroleum Corporation rose from 0.46 per cent to 3.72 per cent.

Jet Airways insolvency: NCLAT adjourns hearing to Nov 1 as creditors seek more time to file reply

Jet Airways insolvency: NCLAT adjourns hearing to Nov 1 as credit...

Thu, Oct 12, 2023

Counsel appearing for the creditors sought more time to complete their pleadings during the proceedings of the National Company Law Appellate Tribunal (INCLAT), which was accepted by a three-member bench.

Jet Airways Insolvency: Creditors question source of Rs 200 crore deposited by Jalan-Kalrock Consortium

Jet Airways Insolvency: Creditors question source of Rs 200 crore...

Wed, Oct 04, 2023

Additional Solicitor General N Venkataraman, representing lenders including SBI and other banks, told the National Company Law Appellate Tribunal (NCLAT) that there are apprehensions about the source of funds, which deposited money for Jalan-Kalrock Consortium's (JKC).

Jet Airways stock hits the upper limit of 5% after Jalan Kalrock infuses Rs 100 crore in airline

Jet Airways stock hits the upper limit of 5% after Jalan Kalrock...

Fri, Sep 29, 2023

Jalan Kalrock Consortium, the winning bidder for the revival of grounded carrier Jet Airways, said that with Rs 100 crore payment, it has 'fulfilled' its total financial commitment of Rs 350 crore to revive the airline.

Jalan Kalrock Consortium infuses Rs 100 crore in Jet Airways

Jalan Kalrock Consortium infuses Rs 100 crore in Jet Airways

Fri, Sep 29, 2023

With this, the consortium has "fulfilled" its total financial commitment of Rs 350 crore to revive the airline, which would pave the way for it to take over the ownership of Jey Airways, JKC (Jalan Kalrock Consortium) said in a statement.

Jet Airways investor Florian Fritsch being probed for suspected fraud

Jet Airways investor Florian Fritsch being probed for suspected f...

Sun, Sep 17, 2023

The supreme court in Liechtenstein rejected an appeal to unfreeze the assets that include seven Porsche cars, five Rolex “boxes” and a classic car simulator worth as much as $214,000, according to a June verdict published on the court website, Bloomberg reported.

Jet Airways owner Naresh Goyal arrested by ED, produced in PMLA court in Mumbai

Jet Airways owner Naresh Goyal arrested by ED, produced in PMLA c...

Sat, Sep 02, 2023

Jet Airways owner Naresh Goyal was arrested by ED, and produced in PMLA court of Mumbai, in many cases including money laundering

ED arrested Jet Airways owner Naresh Goyal in a money laundering case

ED arrested Jet Airways owner Naresh Goyal in a money laundering...

Sat, Sep 02, 2023

ED arrested Jet Airways owner Naresh Goyal in a money laundering case.

DGCA renews Jet Airways' air operator certificate, says Jalan Kalrock Consortium

DGCA renews Jet Airways' air operator certificate, says Jala...

Mon, Jul 31, 2023

Jalan-Kalrock Consortium, the winning bidder for bankrupt Jet Airways, on Monday said aviation regulator DGCA has renewed the airline's air operator certificate.

Jet Airways appoints Sundaram Ramesh as CFO and whole time director, names two other directors

Jet Airways appoints Sundaram Ramesh as CFO and whole time direct...

Thu, Jul 20, 2023

Sundaram Ramesh has been appointed as a Whole Time Director and Chief Financial Officer, Gautam Acharya as a Whole Time Director and Rajesh Prasad as a Non-Executive Director, according to a regulatory filing.

ED conducts searches against Jet Airways founder Naresh Goyal as part of money-laundering probe

ED conducts searches against Jet Airways founder Naresh Goyal as...

Wed, Jul 19, 2023

The money-laundering case stems from a recent FIR lodged by the Central Bureau of Investigation (CBI) against Jet Airways, Goyal, his wife Anita and some former company executives in connection with an alleged Rs 538-crore fraud at the Canara Bank.

SpiceJet's share dip a day after DGCA puts it under "enhanced surveillance"

SpiceJet's share dip a day after DGCA puts it under "en...

Wed, Jul 12, 2023

SpiceJet shares dipped 2.95 per cent to Rs 28.97 in morning deals on the BSE.

Jet Airways: NCLAT allows more time for Jalan Kalrock Consortium to make payments; rejects lenders' plea

Jet Airways: NCLAT allows more time for Jalan Kalrock Consortium...

Sat, May 27, 2023

In a relief for the consortium, NCLAT extended the timeline for payment obligation by excluding the time between November 16, 2022, and March 3, 2023 -- the time period when it was hearing the petition filed by lenders.

CBI searches at Jet Airways office, founder Naresh Goyal's residence in bank fraud case

CBI searches at Jet Airways office, founder Naresh Goyal's r...

Fri, May 05, 2023

The allegations pertain to the alleged diversion of funds, among other irregularities.

Jet Airways' restart plan hits a hurdle as CEO-designate Sanjiv Kapoor quits: report

Jet Airways' restart plan hits a hurdle as CEO-designate San...

Fri, Apr 28, 2023

PTI reports that the CEO quit with effect from today (April 28, 2023). He had joined the airline as CEO on April 4, 2022.

Aviation stocks end as a mixed bag on these 2 factors – here’s what investors should know

Aviation stocks end as a mixed bag on these 2 factors – here’s wh...

Mon, Mar 20, 2023

The newly launched Akasa Air marked an 83.7 per cent occupancy in February, while SpiceJet recorded the highest occupancy of 94.1 per cent, followed by GoFirst (93.1 per cent), Air India (89 per cent), and IndiGo (86.5 per cent).

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