Jet Airways

Tata Sons plans to de-board Air Asia joint venture, focus on Jet Airways

If Air Asia losses Tata Sons as a partner, it would be a tough road ahead for Air Asia in finding a buyer.

Nov 16, 2018

Merger of Jet Airways and Tata SIA Airlines on cards as talks pick up pace

It is to be noted that an earlier proposal by Jet Airways for a joint ownership with Tata SIA was rejected as the former wanted an exit for the Goyal family.

Nov 15, 2018

Tata Sons begins due process for taking over controlling stake in Jet Airways

A Tata Sons' team met Jet Airways officials to take stoke of the situation even as the debt-ridden airline tries to turn around the finances.

Nov 13, 2018

After Lion Air crash, DGCA asks Jet Airways and SpiceJet to check Boeing 737 MAX flights

The latest directive follows advisories issued by US watchdog Federal Aviation Administration (FAA) and Boeing regarding B 737 MAX planes, following the crash of a Lion Air aircraft in Indonesia last month.

Nov 8, 2018

Jet Airways seeks loan moratorium, plans to cut more jobs - Report

Jet Airways, in which Abu Dhabi's Etihad Airways has a 24 percent share, has been looking for suitors ever since it started facing cash flow issues.

Oct 23, 2018

Cash-crunched Jet airways to raise $800 mn from sale and leaseback of 16 aircrafts - Report

The airline company, which has been in financial trouble for the past few months, currently owns 16 aircrafts, out of the 124 in its fleet.

Oct 20, 2018

Tata Group may throw ailing Jet Airways a lifeline as debt-laden airlines flies into trouble

Jet, which is defaulting on payments and has delayed salary to pilots, is looking for equity collaboration but Tata Sons is seeking management control.

Oct 18, 2018

Fresh liquidity for Jet as Etihad to make $35 million cash pre-purchase payment

The plan includes a $35 million cash pre-purchase payment to Jet Airway's frequent flyer programme JPPL ( Jet Privilege Private Ltd), which is majority-owned by Etihad Airways.

Oct 7, 2018

Turbulent times continue for Jet Airways as 16,000 staffers hit by salary delay

The Mumbai-based full-service airline, partially owned by UAE national carrier Etihad Airways, has been facing financial problems for quite some now.

Oct 3, 2018

Fresh trouble for Jet Airways employees as the airline defaults on salaries again

The beleaguered airline has requested 10 more days from its employees to clear the balance 25 per cent of the salary dues for the month of August.

Sep 27, 2018

Jet Airways pilot error leads to low cabin pressure; 5 passengers hospitalised for bleeding

Several passengers complained of severe headaches and at least 30 reported bleeding from nose and ears and were immediately administered first-aid by a team of doctors at the airport.

Sep 20, 2018

Jet Airways to end free meal service for economy class passenger from September 25

The move comes two years after the airline introduced 'Fare Choices', a flexible, tier-based, fare-choice system that helped flyers customise their travel needs by choosing their preferred fare.

Sep 20, 2018

Jet Airways seeks fresh capital; Blackstone group in talks to pick up stake in loyalty programme

The employees of the debt-ridden airline have not been paid their salaries for the month of July and August.

Sep 11, 2018

Amid cash crunch, Jet Airways delays salary of 20 % employees: Reports

It is to be noted that Jet Airways has emerged as one of the biggest losers in the airline industry.

Sep 5, 2018

Temporary relief for Jet Airways: Airline gets $300 million as lease incentives and debt from banks

Recently, Jet Airways had announced a net loss of whopping Rs. 1,323 crore for the quarter ended in June due to higher crude oil price, depreciating rupee and competitive fares.

Aug 29, 2018

Cash-strapped Jet Airways reports net loss of Rs 1,323 crore

Jet Airways had blamed its quarterly losses on the increase in the price of the aviation fuel and the low airfare.

Aug 28, 2018

Lifeline for Jet Airways as Blackstone plans to buy stake in troubled airlines' frequent flyer arm

Jet's cash reserves have dwindled due to rising crude oil prices and intense competition in the Indian market. The airline says it is evaluating all options to meet liquidity requirements and looking at measures to enhance revenue generation and increase cost cutting.

Aug 16, 2018

Jet Airways' Board defers consideration of Q1 results; says all accounts with lenders are 'Standard'

According to Jet Airways, it has been evaluating various funding options to meet its liquidity requirements on priority.

Aug 14, 2018

Will private equity firms rescue debt-ridden Jet Airways?

Jet Airways is also trying to take other airline partners on board, primarily Delta Air Lines, for funds. Etihad Airways, which has a 24 percent stake in the airline, has shown reluctance to infuse additional capital.

Aug 13, 2018

Jet Airways needs Rs 3,500 crore immediately to keep flying - Report

Jet Airways has debunked rumours of pay cut and job losses but the shares have been on free fall. Meanwhile a new report says the carrier needs a huge cash infusion immediately to stay afloat.

Aug 10, 2018