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Latest Articles in jet airways

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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SBI Extends Date For Deadline For Stake Sale In Jet Airways

Qualified bidders will be expected to submit their respective binding bid(s) latest by April 30

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Indian Oil Halts Fuel Supply To Jet Airways Over Non-Payment Of Dues

This is the second time the refiner has halted fuel supplies to crisis-stricken Jet, which is saddled with over $1.2 billion in debt and owes money to banks, aircraft lessors, suppliers, pilots and others

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Jet Airways Lenders Lay Out Bid Terms For 75 Percent Stake In Airline

Jet’s lenders last month agreed to bail out the airline in a complex deal that involved the banks taking a temporary majority stake in the company - while they look for a new investor - and providing a fresh loan of $218 million.

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Jet Crisis Deepens, Lessors To De-Register More Planes Over 10 Days

This is in addition to the five planes that MC Aviation Partners, a subsidiary of Mitsubishi Corp, applied on Friday to de-register

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Jet Airways Lenders To Push Forward With Rescue Plan; No Clarity On Interim Funding

Last month, Jet's lenders, led by State Bank of India (SBI) , agreed to bailout the airline in a complex deal that involved the banks taking a majority stake, while seeking out an investor to help revive the company's fortunes

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Avolon Seeks To De-Register Two Planes Leased To Jet Airways, Woes Deepen For Airline

Avolon has terminated the leases on the planes and currently has seven more aircraft placed with Jet

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