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Latest Articles in jet airways

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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Less Than 15 Aircraft Of Jet Currently Operational: Aviation Secy

The airline has around 119 aircraft in its fleet. In the last few weeks, the airline has been grounding its aircraft in tranches due to non-payment of dues to lessors

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Jet Airways Shares Fall As It Grounds More Planes Over Unpaid Lessor Dues

The latest groundings mean more than two-thirds of its total fleet of about 120 planes is not flying

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Jet Airways Shares Rise After Government Official Rules Out Grounding More Planes

Jet is in talks with leasing companies to restart operating several of its grounded aircraft

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Jet Airways Shares Rally Further; Close 6.5% Higher As Naresh Goyal Steps Down

On the traded volume front, 54.11 lakh shares were traded on the BSE and over 6 crore shares on the NSE during the day

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Jet Airways Shares Soar After Founder Goyal Exits

Shares of Jet Airways rose as much as 8.6 per cent to 275.90 rupees, highest since Feb 1.

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Jet Airways Chairman Naresh Goyal Steps Down As Banks Move In With Rescue Plan

Goyal's exit as chairman brings an end to an era during which he built Jet into one of India's leading airlines with more than 120 planes, enviable landing slots and flights to places such as Hong Kong, Dubai, Paris and London

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Jet Airways Chairman Naresh Goyal Steps Down, Halves Stake

Goyal's stake will be cut to 25.5% from the current 51%, while Etihad Airways' stake in the debt-laden carrier will also be halved to 12% to make room for the banks to take a controlling stake of 50.5%

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Jet Airways Founder Naresh Goyal To Quit As Chairman On Monday: Report

Chief Executive Vinay Dube is expected to stay on board the 25-year-old airline Goyal set up with his wife in 1993, according to the report

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Government Asked Banks To Save Jet, Avoid Bankruptcy

New Delhi has urged state-run banks to convert debt into equity and take a stake in Jet in a rare move in India to use taxpayer money to save a struggling private-sector company from bankruptcy

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