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Jet Airways crisis News
Jet Airways crisis
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.
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 nosedive 6%; 5 reasons why Naresh Goyal's airline is in tailspin
Wed, Jan 02, 2019
Each passing day throws up more negative news about Jet Airways, which is facing new problems that are so big, they have put a question mark on the airline's ability to even survive.
Icra downgrades cash strapped Jet Airways' long-term ratings to 'C'
Fri, Dec 07, 2018
The Naresh Goyal-promoted full service carrier has been in the red since the March quarter of the previous fiscal. Facing severe liquidity crunch, the airline has been defaulting on payment of salaries to its senior staff, including pilots and engineers since August as well as to some of the vendors.
Jet Airways tells union it will clear salary backlog by April: Source
Thu, Dec 06, 2018
Jet Airways is facing financial difficulties and owes money to pilots, lessors and vendors. The carrier and its second-largest shareholder Etihad Airways are in talks with Jet`s bankers on a rescue deal that may involve the Abu Dhabi-based airline increasing its stake from 24 percent.
Aviation: Jet Airways stops free meals for domestic economy passengers
Mon, Dec 03, 2018
Jet Airways said, "In addition to the light and deal categories introduced earlier, Jet Airways will offer two more categories under economy travel saver and classic," adding that the latest revision in complimentary meals would be available only for economy passengers who booked their tickets under the flex option.
Jet Airways is in active discussions with various investors: CEO Vinay Dube
Wed, Nov 21, 2018
Tata Sons, the holding company of the Tata Group firms, had said discussions on acquiring a stake in the financially troubled Jet Airways have been at a preliminary stage and that no such proposal has been made so far.
Implementing turnaround strategy, did not seek moratorium on loans: Jet Airways
Thu, Oct 25, 2018
Jet Airways Group posted a net loss of Rs 1,326 crore in the three months ended June 2018. In the year-ago period, the carrier had a net profit of Rs 58 crore. Along with the quarterly results, the airline's board, during its meeting on August 27, also considered various cost cutting measures, debt reduction and funding options, including infusion of capital and monetisation of assets.
Tata Group to buy Jet Airways? Naresh Goyal led crisis hit airline needs saviour
Thu, Oct 18, 2018
Jet Airways has been facing a financial crunch amid rising oil prices and a depreciating rupee. In a bid to revive itself, Jet said in August it will inject funds and cut costs to turn around the business, without elaborating further.
Jet Airways share price hits all-time low, plunges 10%; employees suffer as salaries delayed
Thu, Sep 27, 2018
Jet Airways touched an all-time low of Rs 173.15 per piece taking the stock down by nearly 10% in today’s trading session.