Jet Airways

Jet stares at another loan default as lenders seek more funds from Goyal, Etihad

Etihad board undecided on accepting conditions of SBI-led consortium's debt resolution plan that Jet shareholders have approved.

Mar 15, 2019

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Boeing 737 MAX trouble hits airline shares; traders brace for more turbulence

Shares of SpiceJet and Jet Airways nosedive defying the bulls at play while IndiGo soar on prospects of higher price realisation in the spot market.

Mar 13, 2019

IndiGo poaching trouble-hit Jet Airways' pilots with compelling offers

The shortage of pilots is not unique to IndiGo. Experienced pilots are in short supply as airlines add fresh capacity driven by rapidly rising passenger traffic.

Mar 13, 2019

Could a software upgrade have prevented Ethiopia Airlines crash and saved 157 lives?

Boeing started working on software changes due for release in April after the Indonesian Lion Air crash probe indicated anomalies in the onboard system's reading of the angle of climb, reports say.

Mar 12, 2019

Rescue and recovery personnel use an earth mover to recover debris from the area where Ethiopian Airlines Flight 302 crashed in a wheat field just outside the town of Bishoftu, 62 kilometers southeast of Addis Ababa on March 10, 2019 in Addis Ababa, Ethio

DGCA orders additional safety checks on Boeing 737 MAX 8 aircraft

Ethiopian Airline's plane crash within five months of Indonesian Lion Air accident forces Indian aviation authorities to increase scrutiny of all Boeing 737 MAX 8 planes while more airlines around the world ground them.

Mar 12, 2019

Jet Airways fiasco: Naresh Goyal requests urgent Rs 750-cr from Etihad

In his letter to Tony Douglas, Goyal said that the aviation ministry has also given its consent to pledge its shares in JetPrivelege for securing the interim funding

Mar 11, 2019

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Airfares rise steeply as trouble-hit Jet Airways and IndiGo cut capacity

Tickets booked well in advance are also inching north due to capacity constraints.Key metro routes such as Delhi-Mumbai and Delhi-Bengaluru have faced the major brunt of the reduced capacity.

Mar 11, 2019

Jet bailout plan: Naresh Goyal to dilute his stakes to 17%, lenders to hold 30%

Notably, Jet has already grounded its 40 per cent of its fleet along with cancelling hundreds of flights across routes.

Mar 10, 2019

GoAir grounds 14 Airbus A320neo aircraft amid worries of operational efficiency

Passengers bear the brunt of cancellations as fares soar sky-high and pressure on remaining fleet raises performance concerns.

Mar 6, 2019

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Jet troubles worsen as other airlines refuse to fly passengers with cancelled tickets

Air India, Air Vistara cancel deals with Jet for carrying interrupted flights passengers citing big gap in prevailing rates and the standard rate applicable under an agreement.

Mar 2, 2019

Jet Airways founder Naresh Goyal agrees to step down as chairman

After months of deliberation, the exit of Naresh Goyal would allow the board to go ahead with the debt restructuring plan of the cash-strapped airline.

Mar 1, 2019

An aircraft of India's Jet Airways lands

Etihad conditions set speed bumps for debt-laden Jet's resolution plan

UAE national carrier is apparently unhappy over SBI opposition to its demand for a right of first refusal after one year and Sebi norm requiring an open offer.

Feb 25, 2019

Jet Airways rights issue will target raising Rs 2,500 crore

Government-owned National Investment and Infrastructure Fund may pick up a 19% stake in Jet Airways to elevate lenders' equity participation to 51%.

Feb 16, 2019

DGCA bar on longer Neo, MAX flights affects Indigo, Jet

The curbs were put in place after a 737 MAX jet operated by Indonesian airline Lion Air had crashed last year, killing all 189 people on board.

Feb 10, 2019

Four Jet Airways aircraft grounded for non-payment of lessors' dues

Lately, Jet Airways has been in a tight spot financially as a rescue plan is being stitched between its partner Etihad and a consortium of banks.

Feb 8, 2019

Jet to seek nod for turning debt to equity; Goyal's stake to be less than 20%?

EGM of debt-ridden private airline will increase equity and dilute Goyal's stake while allowing conversion of debt to equity

Jan 29, 2019

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Merger of Jet Airways and Air India will save both, but will be bad for flyers

If the two full service carriers were to merge, both could do away with suicidal discounting. A rationlisation of ticketing will be a crucial part of the turnaround of both the airlines.

Jan 24, 2019

Goyal family, Etihad at odds over Jet rescue plan

Goyal wants at least a 25% stake in reconstituted Jet equity; Goyal and Etihad seek Sebi exemption from takeover code violation

Jan 18, 2019

SBI-led consortium eyes debt-equity deal as Jet Airways rescue talks enter final stage

Jet shares turn volatile over Etihad offer reports while proposals include dilution of Goyal's equity and seats for lenders on the company's board.

Jan 17, 2019

Etihad Airways to invest in debt-laden Jet Airways at discounted Rs 150 per share

Etihad, which owns 24 per cent of Jet, wants exemption from the market regulator on preference pricing and open offer guidelines to invest more for the bailout.

Jan 16, 2019

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