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Latest Articles in jet airways

SBI Set To Own 15 Percent Of Jet Airways After Debt For Equity Swap

Jet Airways said on Monday it would seek a shareholder nod next month to convert existing debt into equity, raise more money and allow its lenders to nominate a director on its board as part of efforts to resolve its financing problems

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Jet Airways Remains In An Air Pocket

Abu Dhabi-based Etihad Airways, Jet's second-largest shareholder, is now in talks with creditors for a deal that could help the airline back on its feet

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Jet Airways falls; Lenders May Take Write-off

Lenders to the airline are considering a plan to resolve its debt issues, top creditor State Bank of India (SBI) said on Thursday, while media reports said two main shareholders have yet to resolve their differences

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India's SBI Says Lenders In Talks For Jet Airways' Restructuring Plan

Jet said on Wednesday a resolution plan, currently being discussed with stakeholders, contemplates options on the debt-equity mix, proportion of equity infusion by stakeholders and change in the airline’s board

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Qatar Airways CEO: Not Interested In Jet Airways As Backed By 'Enemy' State

Abu Dhabi is part of the United Arab Emirates that cut ties with Qatar in 2017 over accusations of supporting terrorism. Doha denies the charges

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Etihad To Raise Stake In Cash-Strapped Jet Airways: Source

Goyal's penchant for control, according to people who have worked with him, has emerged as a major obstacle as the airline tries to negotiate a rescue deal, media sources reported last month

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Jet Airways Shares Jump After Report Chairman Likely To Step Down

Jet was likely to finalise a resolution plan with its lenders this week, and that Goyal would trim his 51 percent stake to 20-25 percent and agree to voting rights on his stake being capped at 10 percent, in a bid to save the debt-laden carrier

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Indian Banks Propose $900 Million Turnaround Plan For Jet Airways

The financial woes of Jet, India's biggest full-service carrier by market share, worsened in 2018 amid rising oil prices and intense pricing competition in the Indian skies

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Jet Airways Defaults On Debt Payment To Banks, Shares Drop

The 25-year-old airline is facing financial difficulties and owes money to pilots, lessors and vendors. Intense pricing competition, a weak rupee and rising fuel costs weighed on Indian airlines in 2018

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Jet Airways' Survival May Rest On Founder Goyal Leaving The Cockpit

"He was a visionary in his day but those days are behind us," said a senior aircraft financier who has done deals with Goyal. "This is the moment of truth for Naresh Goyal."

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Jet Airways Taps Robin Kamark As Nominee Director Of Etihad

Kamark, who has spent 17 years at Scandinavian Airlines System, will replace Harsh Mohan as nominee director

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Timeline: The Turbulent Journey Of Jet Airways

The Tata conglomerate is now likely to be the potential white knight for the debt-laden company, but no proposal has been made yet

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Jet Airways' Independent Director Ranjan Mathai Resigns

The departure comes as the airline struggles to keep itself afloat, with rising debt levels and higher oil prices weighing on profits

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Tatas To Go Slow On Deal To Acquire Debt-Laden Jet Airways: Reports

Directors are asking for more details on the deal at the next board meeting, expected in the 3rd week of December

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Jet Airways Falls As Tata Sons Tamps Down Deal Speculation

Tata said on Friday it is only in preliminary talks with Jet Airways and has not made a proposal to acquire a stake in the debt-laden airline

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