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Latest Articles in jet airways

Etihad To Raise Stake In Cash-Strapped Jet Airways: Source

Goyal's penchant for control, according to people who have worked with him, has emerged as a major obstacle as the airline tries to negotiate a rescue deal, media sources reported last month

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Jet Airways Shares Jump After Report Chairman Likely To Step Down

Jet was likely to finalise a resolution plan with its lenders this week, and that Goyal would trim his 51 percent stake to 20-25 percent and agree to voting rights on his stake being capped at 10 percent, in a bid to save the debt-laden carrier

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Indian Banks Propose $900 Million Turnaround Plan For Jet Airways

The financial woes of Jet, India's biggest full-service carrier by market share, worsened in 2018 amid rising oil prices and intense pricing competition in the Indian skies

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Jet Airways Defaults On Debt Payment To Banks, Shares Drop

The 25-year-old airline is facing financial difficulties and owes money to pilots, lessors and vendors. Intense pricing competition, a weak rupee and rising fuel costs weighed on Indian airlines in 2018

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Jet Airways' Survival May Rest On Founder Goyal Leaving The Cockpit

"He was a visionary in his day but those days are behind us," said a senior aircraft financier who has done deals with Goyal. "This is the moment of truth for Naresh Goyal."

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Jet Airways Taps Robin Kamark As Nominee Director Of Etihad

Kamark, who has spent 17 years at Scandinavian Airlines System, will replace Harsh Mohan as nominee director

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Timeline: The Turbulent Journey Of Jet Airways

The Tata conglomerate is now likely to be the potential white knight for the debt-laden company, but no proposal has been made yet

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Jet Airways' Independent Director Ranjan Mathai Resigns

The departure comes as the airline struggles to keep itself afloat, with rising debt levels and higher oil prices weighing on profits

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Tatas To Go Slow On Deal To Acquire Debt-Laden Jet Airways: Reports

Directors are asking for more details on the deal at the next board meeting, expected in the 3rd week of December

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Jet Airways Falls As Tata Sons Tamps Down Deal Speculation

Tata said on Friday it is only in preliminary talks with Jet Airways and has not made a proposal to acquire a stake in the debt-laden airline

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Jet Airways Surge As Tata Sons Deal Talks Inch Closer

The topic of acquiring Jet Airways will be discussed at the Tata Sons board meeting today and the members may approve starting due diligence on the deal, a source familiar with the matter told media sources

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Analysis: Tata Looks To Reclaim The Skies In Jet Stake Talks

Buying Jet, with its fleet of 124 aircraft, would return Tata to the forefront of Indian aviation in terms of size, almost 70 years after its first airline was nationalised, and six years after it re-entered the market with two joint ventures

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Tata Sons Begins Due Diligence To Buy Jet Airways

Saurabh Agarwal, chief financial officer of Tata Sons, is leading the discussions while Jet Airways is represented by its chairman Naresh Goyal

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Jet Airways Posts Third Quarterly Loss On Fuel Costs

Losses of Jet Airways came in at 12.97 billion rupees ($178.01 million) for the quarter ended Sept. 30, compared with a profit of 496.3 million rupees a year earlier

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DGCA Asks Jet Air, SpiceJet To Take Action On Sensor-Related Issues With Boeing 737 MAX

Currently, Jet Airways and SpiceJet fly Boeing 737 MAX planes in India. Together, there are at least six such aircraft with the two carriers

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