Page 10 - Jet Airways Crisis

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

No word from promoters, banks on salaries: Vinay Dube to Jet Airways staff

The now grounded airline has not paid March salaries to its over 20,000 employees

Foreign carriers eye quick windfall, opportunity as Jet Airways crumbles

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

Jet tells travel agents it will validate ticket refund claims in 45 days

The airline said a web interface has been created and agents have been asked to submit claims till May 20

HC to hear plea for refund, alternative flights to Jet passengers next week

The bench observed that the petition was all in the media reports even before coming up for hearing in the court.

Now, lenders ask DGCA to deregister crisis-hit Jet Airways' aircraft

While the DGCA has deregistered more than 30 planes on requests from lessors, this is the first such application from lenders

Air cargo market in a tizzy as Jet grounding drives up delivery costs

The nature of Jet's aircraft routes was such that its early morning flight departures to some of the key markets were critical for logistic players as they ensured timely delivery of cargo

Lenders jittery over EY's negative report on cash-strapped Jet Airways

The report is not a full-fledged forensic audit on the airline and has pointed out some discrepancies in the airline's books

Jet Airways bids set to draw a blank; Etihad to say no, TPG backs out too

Among others, US-based private equity firms TPG Capital and Indigo Partners have not yet started any due diligence, in an indication that they don't intend to submit a binding bid

Jet saga: All board members are equally liable for the crisis, say lawyers

This is because they failed to put a proper risk management system in place

Direct govt and DGCA to provide refund to Jet passengers: Plea in Delhi HC

The petitioner contends that all other airlines have "exorbitantly increased their fares and the toothless and vulnerable consumers are constrained to suffer"

With Jet Airways gone, Indian carriers need to add more than 210 planes

Or else customers will face capacity shortages and high fares

Jet employees union writes open letter; says will never let airline go down

The letter has come against the backdrop of Minister of State for Civil Aviation Jayant Sinha's reported comments that capable employees of Jet Airways would be absorbed by other airlines

Jet crisis: From SBI to IOB, PSBs to be hit hardest if there's no buyer

Any potential buyer of Jet would be staring at a total debt of around Rs 11,000 crore unless they get substantial write-offs

Naresh Goyal's Jetair had cash in surplus when Jet crisis started to show

The private entity's main revenue source was from the listed entity Jet Airways, which was paying close to Rs 4 crore a month to the company for offline bookings as a general sales agent

Other airlines see value in hiring Jet staff, but at lower pay: Experts

Indian aviation sector has immense potential and if one goes by the current equation, the supply of ground staff, crew and pilots are still low in comparison to the demand that exists

Jet Airways CEO asks govt for Rs 175 crore to pay one-month salary to staff

CEO Vinay Dube says retaining employee and key airport slots primary for a sale

Jet staff seek President's intervention for salary dues, funds to airline

Cash-starved Jet Airways, which has around 23,000 employees, has delayed payment of salaries to the employees, including pilots

Bankers weigh all options to save Jet Airways without getting hit

Banks have reason to be circumspect about prospects of recovering money

Flew too high? Jet's Goyal through the eyes of those who worked with him

In his trademark one-liner style, Naresh Goyal would often tell dissenting managers that theirs 'was not a Catholic marriage'