Page 11 - Jet Airways Crisis

Bank union writes to PM Narendra Modi, urges govt to take over Jet Airways

In a letter to the prime minister, AIBEA general secretary C H Venkatachalam said that banks had already extended credit of around Rs 8,500 crore to Jet

Air India chief meets SBI chairman over leasing 5 Boeing planes from Jet

The meeting lasted for over more than an hour at the Airlines House, the headquarters of the flag carrier in the national Capital

What Jet passengers must know about ticket refunds and status of JPMiles

Travel agencies and online travel portals have said that the refund would take more time than usually required

The man who hated to fly

Naresh Goyal would get nervous and pray each time a flight took off. Now, there's no Jet Airways and nowhere to go

Jet Airways saga: 2 grounded airlines in a decade cast doubt on India boom

India's aviation sector is an investment conundrum: it's the world's fastest-growing aviation market that has seen 54 consecutive months of double-digit percentage passenger growth and yet it's notori

Leasing Jet's planes: Air India chairman likely to meet SBI chief today

Weighed down by a mountain of debt and falling revenue, Jet Airways announced suspension of its entire operations from Wednesday night

Air India offers special fares for crisis-hit Jet Airways' passengers

Sources said the amount of refunds owing to disrupted flights would be around Rs 2,000 crore

Rivals see runways of opportunity as Jet Airways suspends operations

According to aviation sources, SpiceJet has received 16 slots while Air Asia India has got eight in Mumbai in the Jet aftermath

In a bid to attract buyers, banks ask govt to protect Jet's prime slots

Banks have asked govt to protect the airline's slots to prevent value erosion

Birla MF looks to parachute out of Jet Airways' crashing stock

Fund house sold 759,000 shares at Rs 173 apiece; had Rs 109-crore exposure as of March 31, 2019

Over 10,000 retail shareholders bought Jet Airways stock in last 6 months

Retail investors hoping for a turnaround increased their stake from 9.82% to 11.42%

Real estate firm owner comes to Jet employees rescue, offers jobs

I owe my handsomeness to Jet Airways, the owner of the real estate firm said in a Facebook post

Jet Airways loses IATA membership; refund process may get affected

The suspension of membership, which comes in the wake of the airline halting operations temporarily from last night, is with immediate effect

Jet Airways crisis: Paying lessors, banks a challenge for new owner

Currently most of its 119 planes have been taken back by the lessors and many have been leased to other airlines like SpiceJet

NCLT option back on table for beleagured Jet Airways

The bids received for Jet Airways will be opened on May 10. If none of them are accepted by the lenders then the airline will be taken to National Company Law Tribunal

'Can't sleep at night': Jet employees in despair as airline goes bust

Jet Airways failure would threaten more than 16,000 staff jobs and thousands more tied to the airline.

With Jet suspending ops, govt to allot 440 vacant slots to other airlines

There are 280 vacant slots at Mumbai and over 160 at the Delhi airport

After Jet's final touchdown, passengers say they will miss the airline

Set up by Naresh Goyal on April 1, 1992, Jet Airways's first flight took off from Mumbai for Ahmedabad on May 5, 1993, as an air-charter operator

Jet shares sink 34% but lenders hopeful of successful bids for airline

Jet Airways, once India's largest private airline, on Wednesday evening halted all flight operations indefinitely after lenders declined to extend more funds to keep it going.

Jet lenders 'reasonably hopeful' of successful bids for grounded airline

Jet Airways on Wednesday evening halted all flight operations indefinitely after lenders led by State Bank of India declined to extend more funds to keep it going