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Jet Airways News
Jet Airways: NCLAT allows more time for Jalan Kalrock Consortium to make payments; rejects lenders' plea
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
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
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
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).
IndiGo, SpiceJet shares fall amid market-wide sell-off; Maharashtra cuts VAT on jet fuel
Fri, Mar 10, 2023
Aviation stocks: The state government reduced the levy of VAT on jet fuel to 18 per cent from 25 per cent.
Aviation stocks in focus on Wednesday as jet fuel price cut by 4%; here’s what analysts suggest
Wed, Mar 01, 2023
Aviation stocks such as IndiGo, SpiceJet and Jet Airways were in focus on Wednesday on the back of jet fuel or Air Turbine Fuel (ATF) price cut by 4 per cent amid softening international crude oil prices.
Senior executives, pilots, cabin crew leave Jet Airways
Tue, Dec 27, 2022
With continuing uncertainty over Jet Airways' future, at least two senior executives as well as some pilots and cabin crew have quit the airline, according to sources.
Jet Airways shares crashes 15% for 3rd straight session; hits 52-week low
Wed, Nov 23, 2022
Jet Airways share price has hit a lower circuit of 5% for the third straight session on Nov 23 to touch a new 52-week low of Rs 65.95 per share on the BSE.
Only sellers in Jet Airways for 3rd straight session: Here is why
Wed, Nov 23, 2022
Jet Airways, Jet Airways share price, Jalan-Kalrock Consortium, Jet Airways share lower circuit: The once-storied airline shuttered operations in April 2019 and JKC's resolution plan was approved under the insolvency process by the National Company Law Tribunal (NCLT) in June last year.
Jet Airways: Jalan Kalrock consortium says may take difficult decisions to manage cashflows
Fri, Nov 18, 2022
Ankit Jalan, Board Member of the JKC, said the revived Jet Airways will also provide additional career opportunities, including the airline's former staff who currently make up more than 60 per cent of the current workforce, and for many more as the revived airline grows.
NCLAT directs Jet Airways' new owner to clear unpaid provident fund, gratuity dues
Sat, Oct 22, 2022
Allowing a batch of petitions filed by the associations of workmen, Aircraft Maintenance Engineers, Officers and Staff Association and others, a two-member NCLAT bench had asked the new owner to make payment of provident fund dues as admitted by the resolution professional.
SpiceJet, IndiGo, Jet Airways stocks gain up to 9% as government raises loan limit
Thu, Oct 06, 2022
Finance Ministry on Wednesday modified the Emergency Credit Line Guarantee Scheme (ECLGS) by raising the loan limit under the scheme to Rs 1,500 crore from Rs 400 crore to help the COVID-hit industry tide over liquidity stress.
Jet Airways in advanced talks for leasing planes; expects to start operations in coming weeks
Tue, Sep 27, 2022
Jet Airways is in an advanced stage of talks with aircraft makers and lessors to lease planes and expects to restart operations in the coming weeks, according to executives at the airline.
Jet Airways selects IBS Software to handle ticket bookings, departure control
Fri, Aug 05, 2022
In a statement, the airline said that IBS software will provide systems to departure control, ticket bookings, and revenue management.
Jet Airways gets wings back, to start commercial operations from September
Tue, Jul 26, 2022
Paving the way for the private carrier's revival, the Directorate General of Civil Aviation (DGCA) granted the revalidated Air Operator Certificate to the new owners, Jalan Kalrock Consortium (JKC), on May 20.
Aviation companies’ shares surge up to 6% intraday amid price reduction in Jet fuel – details here
Mon, Jul 18, 2022
ATF prices on Saturday were reduced by 2.2 per cent or Rs 3,084.94 per kilolitre to Rs 138,147.93 per kl, a price notification of state-run fuel retailers showed amid a fall in global oil prices.
On-time performance of major airlines deteriorates for straight 3rd day – Zee Business lists reasons
Mon, Jul 11, 2022
The aviation sector is likely to witness the entry of two new airlines mostly this month – Air Akasa and Jet Airways.
ATF Price Hike: Aviation stocks feel the heat! SpiceJet hits 52-week low; IndiGo, Jet Airways drop up to 4%
Thu, Jun 16, 2022
Aviation stocks declined up to five per cent in Thursday's intraday trade after oil marketing companies resorted to 16% steep hike in ATF prices
Implementation of Jet Airways resolution plan subject to outcome of order, says NCLAT
Tue, May 31, 2022
Insolvency appellate tribunal NCLAT on Monday said the implementation of Jalan-Kalrock consortium resolution plan for Jet Airways would be subject to the outcome of its order over the appeals filed before it.
Jet Airways gets new CEO - Sanjiv Kapoor | Who is he? Profile
Fri, Mar 04, 2022
Sanjiv Kapoor will join Jet Airways on April 4.