Jet Airways

Exploring options to buy a stake in Jet Airways: Hinduja Group

But it is highly unlikely that cash strapped Jet is going to get immediate relief as the deal between Hinduja Group and Etihad Airways was reportedly going slow.

May 26, 2019

IndiGo shares tank over report of differences between co-founders on growth plan

India's largest airline has been growing at breakneck speed with drastic capacity addition to grabbing market share in the world's fastest-expanding aviation market.

May 16, 2019

Jet saga: CEO Vinay Dube, CFO Amit Agarwal resign as airline revival hopes fade

The departure of Chief Executive Vinay Dube comes hard on the heels of the resignation of Chief Financial Officer Amit Agarwal, announced earlier in the day.

May 14, 2019

Will Etihad's conditions for Jet recapitalisation ground the revival plan?

Etihad Airways has submitted a binding bid on condition that it will remain a minority shareholder and banks will find other funding sources.

May 11, 2019

State Bank of India receives 2 unsolicited bids for grounded Jet Airways

Jet, once India's largest private airline, stopped all flights on April 17 after its lenders, led by SBI, declined to extend more funds to keep the carrier going.

May 10, 2019

Jet rescue plan hits another air pocket as HDFC plans to auction airline's Mumbai office

The debt-riddled airline is already battling a host of financial, legal and regulatory hurdles in its attempt to resume operations.

May 9, 2019

Naresh Goyal makes another attempt to check into Jet, offers Rs 250 crore

In a communication to Jet Airways' employees, Goyal said that the funds are now available to banks controlling the airline.

May 8, 2019

No chance of a Jet Airways revival: Government sources

Parties that had initially expressed interest in Jet, which is saddled with roughly $1.2 billion of debt, have so far failed to make firm bids to bail it out, increasing the odds that it could soon face bankruptcy proceedings.

May 6, 2019

Fear of the unknown: Profitability worries, turnaround time deter Jet bidders

Size of debt and other liabilities scare potential investors who are delaying binding bids, says SBI; lenders worried as May 10 deadline for firm bids nears.

May 3, 2019

Will Naresh Goyal face criminal charges over financial fraud after Jet crash?

Registrar of companies is examining the airline's books of account to see if promoters diverted funds from floundering Jet and hastened its crash; any criminal investigation could adversely affect the bidding process piloted by the lenders

May 2, 2019

Can lenders to Jet afford to accept employees' proposal to revive the airline?

Employees' consortium has told the lenders, who have invited bids for a debt rescue plan, that it can secure Rs 3,000 crore investment to set the airline on a trajectory to recovery.

Apr 30, 2019

Vistara's plan to recruit Jet planes and staff will spur domestic competition

Full-service airline with a homogenous fleet of Airbus A320s may add six Boeing 737 aircraft and recruit staff from distressed Jet Airways.

Apr 29, 2019

Cash-strapped Jet Airways employee commits suicide in Maharashtra, police launch inquiry

A 45-year-old Shailesh Singh, who was working as a technician at the Jet Airways' operation department ended his life by jumping off from the terrace of a four-storeyed building in Nalasapora.

Apr 28, 2019

Bankruptcy proceedings threat complicates matters for lenders' Jet Airways rescue efforts

Service provider's notice threatening insolvency proceedings over Rs 25 lakh dues could snowball into major trouble for the lenders to whom Jet Airways owes Rs 8,500 core debt if other creditors join the action.

Apr 22, 2019

Air India Express, Air India mull Jet planes lease as lenders secure assets

Indians in the Gulf happy as flight cancellation because of aircraft shortage is a major problem in the sector; Air India hopes to lease wide-body aircraft along with the routes.

Apr 22, 2019

Mukesh Ambani to foray into aviation sector? May buy stake in Jet, bailout Maharaja

The central government had issued preliminary information memorandum kicking off the Air India's disinvestment process.

Apr 20, 2019

SpiceJet to give hiring preference to employees of Jet Airways: Chairman

Hundreds of Jet Airways employees protested in Delhi and Mumbai on Thursday to push its management for answers about their future after the airline shut down all flight operations on Wednesday having failed to secure new funding from its lenders.

Apr 20, 2019

Jet Airways lenders may be facing dilemma of writing off 80% dues or losing 100% loans

Lenders may have made a tactical error by not keeping Jet airborne as grounded airline increases the bargaining power of prospective investors and rescue plan delay erodes assets value.

Apr 19, 2019

Is Air India skidding down the same road that Jet and Kingfisher took?

Air India could become the third airline to crash land in a decade bursting India's aviation bubble.

Apr 19, 2019

Tata group secures controlling stake in Air Asia India; infuses Rs 500 crore

After the investment, the group is now holding controlling stakes in two private airlines operating in India, the other being Vistara where Tatas controls 51 per cent.

Apr 18, 2019