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Jet Airways crisis News
Jet Airways crisis
Banks give up on Jet Airways revival, take it to NCLT
Tue, Jun 18, 2019
It is finally curtains on attempts by lenders to revive the grounded Jet Airways by finding a buyer for it. On Monday, the State Bank of India-led consortium of lenders decided to send the carrier to the National Company Law Tribunal (NCLT) after failing to receive any concrete proposal from prospective buyers more than two months after the process started.
Jet Airways lenders decide to take airline to NCLT
Mon, Jun 17, 2019
Lenders of the embattled Jet Airways airline have decided to take it to National Company Law Tribunal (NCLT).
Jet Airways crisis: MCA may refer Jet Airways to SFIO for fund diversion probe
Thu, May 09, 2019
The Ministry of Corporate Affairs (MCA), based on a report from Registrar of Companies (RoC), is believed to be examining alleged diversion of funds from the books of Jet Airways Ltd.
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.
The day Jet Airways shut down: Blow by blow account of the dramatic day that shook corporate India
Thu, Apr 18, 2019
Jet Airways has temporarily shut down all operations with its last flight leaving the Amritsar airport at 2230 hrs for New Delhi as per its flight schedule.
Jet Airways crisis: DGCA to hold a meeting tomorrow over reduced flight operations and funds
Wed, Apr 17, 2019
Amid tensions of rising airfares on high-density domestic routes in the last one month, the Directorate General of Civil Aviation (DGCA) met with representatives of major airlines. Watch video to know more.
Will a amount of 1500 crore help Jet Airways?
Mon, Apr 15, 2019
Jet Airways is facing a do or die situation. If the firm can recieve help from lenders they could continue their flight operations and if not, they may shut. Watch video to know more.
Jet Airways pilot union decided to not operate flights from tomorrow
Sun, Apr 14, 2019
As the Jet Airways is dealing with a huge crisis and this decision is a big blow to the company.
Jet Airways on its final descent? Grounds East, NE ops; suspends international services for a day
Thu, Apr 11, 2019
When contacted, Jet Airways said its Mumbai-Kolkata, Kolkata-Guwahati and Dehradun-Guwahati via Kolkata stand cancelled for Friday due to "operational reasons."
Jet Airways crisis: SBI seeks bids for cash-strapped airline; last date April 10
Mon, Apr 08, 2019
Under the debt resolution plan approved by the Jet Airways' board on March 25, lenders have taken a majority stake in the airline and are set to infuse Rs 1,500 crore.
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.