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Latest Articles in jet airways

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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Civil Aviation Minister Suresh Prabhu Calls For Emergency Meeting On Jet Airways

The minister, Suresh Prabhu, has asked the civil aviation secretary to call for a meeting to discuss grounding of flights, advance bookings, cancellations, refunds, and safety issues, if any, at Jet

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Flight Safety Is At Risk: Jet Airways Engineers' Union To DGCA

Grappling with financial woes, the carrier has been looking at ways to raise fresh funds

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DGCA Calls Meeting With Airlines On Tuesday To Discuss Rising Airfares

DGCA has called a meeting at Tuesday noon to discuss the airfare rise because of significant number of cancellations done by Jet Airways in the last few weeks

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Jet Airways Grounds Its Operations In Abu Dhabi Airport

Jet Airways has a debt of over Rs 8,200 crore and needs to make repayments of up to Rs 1,700 crore by the end of March

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Jet Airways Pilots Seek Government's Help To Recover Unpaid Salaries, With Interest

In a letter to India's labour minister, National Aviators Guild, which represents the majority of Jet's pilots, has asked that the airline immediately pay their outstanding salaries and allowances till date with interest

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Lenders To Jet Airways To Reach Final Resolution In One Week: SBI official

All the lenders are working towards a resolution with the "desire that this airline keeps running", the official said, declining to be named as the matter was sensitive

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Decision On Funding To Jet Airways Will Be On Collective Basis, Says PNB

PNB had approved Rs 2,050 crore of emergency funding to Jet Airways, for which lenders are considering a resolution plan under Project Sashakt

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PSU Banks Rescue Jet Airways

Few would have thought that India’s pioneering private airline would end up as a de facto nationalised airline, its future in the hands of PSU banks

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Crisis-hit Jet Airways Defaults On Foreign Loan Repayment

The domestic airline has been grappling with acute financial woes that have forced it to ground around 50 planes while salaries of many employees have been delayed

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Jet Airways Founder Agrees To Step Down, Sources Say; Shares Rise

Goyal, who founded the full-service carrier 25 years ago, has also agreed to reduce his 51% stake in the airline but would continue to be a part of the company in some capacity even after stepping down as chairman

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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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