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Latest Articles in jet airways

Lenders Give Green Light to Kalrock Capital-Murari Jalan's Plan to Revive Jet Airways

The proposal from Kalrock Capital was approved after voting that concluded on October 17. Another consortium in the fray included Flight Simulation Technique Centre, Big Charter and Abu Dhabi’s Imperial Capital Investments LLC

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Jet Airways' CoC Approves Kalrock Capital-Murari Jalan's Resolution Plan

The plan was approved after the conclusion of the e-voting on the proposal, Jet Airways RP (resolution professional) Ashish Chhawchharia said in a BSE filing.

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Jet Airways Declines 5% After Earnings

Jet Airways, which is undergoing insolvency resolution process, has reported widening of loss to Rs 5,535.75 crore in the year ended March 2019 as surge in expenses took a toll.

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The Greatest Advantage Jet Airways Still Possesses

As of now, while the macro-economic conditions and the Covid-impact make for a very challenging case, a revival cannot be completely ruled out. An airline that was once flying high, watches with baited breath.

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ED Raid Underway At Naresh Goyal's Residence In Mumbai

Goyal had stepped down from the post of the chairman in March last year, paving way for lenders to bail out the financially troubled airline he had set up 25 years ago.

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Keeping Airlines Afloat

The industry holds a lot of promise, given favourable conditions for growth. But just like the rest of the country, poor strategic decisions by the private sector and government are proving fatal for its survival.

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Set To Soar Again

Despite some headwinds this year, the civil aviation sector is growing thereby raising hopes of better times to come in 2020.

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PIL In SC Against Jet Airways For Failing To Refund Fares

Jet was facing a financial crisis due to bruising competition from low-cost airlines, fluctuating crude prices and a weak rupee.

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NCLAT Allows Dutch Court Administrator To Attend Jet Airways CoC Meetings

One of the Jet Airways aircraft, parked in the Schiphol Airport in Amsterdam, has already been seized.

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NCLAT Asks Jet Lenders If They Would Cooperate With Dutch Court Administrator

Jet Airways is facing insolvency proceedings in the Netherlands as well, where it was declared bankrupt after failing to pay two European creditors.

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Not Feasible To Reinvest In Jet; Cites Unresolved Issues: Etihad

Etihad has consistently and constructively sought and advanced solutions to help resolve Jet's issues.

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Vistara To Boost Fleet To 41 By Year-End: CEO

The full-service airline has announced plans to add routes from India to Bangkok and Dubai as it expects to benefit from the collapse of rival Jet Airways Ltd in April.

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Jet Airways RP Gets Claims Worth Rs 24,887 Cr; Rejects Rs 229 Cr Claim From JetAir

After 4 rounds of hearing, NCLT has asked the RP to file periodic reports on the development in the resolution process.

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Lenders File For Jet Airways' Bankruptcy; Hearing From Wednesday

The lenders have been trying to sell the airline as a going concern since the past five months, but failed due to many a reason.

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