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Latest Articles in jet airways

Jet Airways: Grounded

India’s largest private airline Jet Airways has halted operations for now leaving its more than 20,000 employees stranded. Will Jet fly again?

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Ask SBI To Release One Month's Salary To Jet Airways Staff: NAG To PM Modi

The airline has not paid March salaries to its over 20,000 employees. Jet ceased operations on April 17.

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'Bonanza Time': Foreign Carriers Savour Rising India Demand As Jet Airways Crumbles

The carrier's descent into crisis has benefited international airlines in the form of rising fares and demand

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Jet Employees' Union Opposes Allocation Of Slots To Other Airlines

The slots allocated to Jet Airways are its properties and the airline is yet to close, AIJATA, which has around 800 members, said.

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Banks Unions Want Lenders To Offer Special Loans To Jet Staff

The unions also suggested banks can extend special and exclusive loans to the airline to pay the salary dues

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Jaitley Promised To Look Into Jet Airways' Issues: CEO

Finance Minister Arun Jaitley has assured to look into cash-strapped Jet Airways' issues that have forced the airline to halt operations temporarily, its chief executive Vinay Dube said Saturday.

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Jet Airways Employees Seek President's Intervention For Salary Dues, Emergency Funds To Airline

Employees of Jet Airways have written to President Ram Nath Kovind and Prime Minister Narendra Modi seeking their intervention to recover outstanding dues as well as to expedite the process of emergency funds for the airline, which has shuttered its operations temporarily.

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DGCA To Seek Credible Revival Plan From Jet Airways, Says Official

After weeks of uncertainty, Jet Airways on Wednesday announced temporary suspension of its operations.

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Grounded Jet Airways' Shares Sink, Rivals Rush To Grab Market Share

Investors punished Jet shares as trading opened on Thursday, driving them down 34 per cent in their biggest intraday fall. The company is worth about $260 million now, versus $1.6 billion at its peak in 2005

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Jet Airways To Temporarily Suspend Ops After Banks Reject Funding Request

The airline, saddled with roughly $1.2 billion of bank debt, has been teetering for weeks after failing to receive a stop-gap loan of about $217 million from its lenders, as part of a rescue deal agreed in late March

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Jet Airways Faces Imminent Shutdown Without Emergency Funds

Bankers and an Indian govt official said lenders are trying to line up funds to keep aloft the once-dominant Indian airline

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Jet Airways Management Proposes Halting Operations, Say Reports

Jet's CEO has been authorized by directors at a board meeting to engage with its lenders one last time, and halt operations late Tuesday, if no funds arrive

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Naresh Goyal Opts Out From Bidding For Ailing Jet Airways

The full service carrier, which is currently operating less than 10 aircraft, is awaiting fresh fund infusion under a debt resolution plan

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Suresh Prabhu Calls For Review Of Issues Related To Jet Airways

Jet Airways is grappling with acute financial crunch and is operating less than 10 planes besides temporarily suspending international operations

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Suresh Prabhu Directs Civil Aviation Secretary To Review Jet Airways' Issues

Airline now owes more than Rs 3,500 crore to passengers on account of flight cancellations alone

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