Page 2 - Jet Airways Crisis

Revival hopes fuel 500% surge in Jet Airways stock since September 2020

Analysts, however, advise caution against excessive speculation in the counter

Jet revival: Businessman Murari Lal Jalan's journey from paper to planes

Kalrock Capital-Murari Lal Jalan consortium was selected by committee of creditors in a voting process which concluded on Saturday

Light at the end of the tunnel: Jet Airways staff after nod to revival plan

The airline's employees have admitted claims of Rs 1,265 crore

CoC approves Kalrock Capital-Murari Jalan's plan to revive Jet Airways

The plan submitted by Kalrock consortium won by an overwhelming majority, say sources

Resolution applicants to come up with final offer for Jet early next week

Sources say bidders are seeking clarity from govt on the carrier's airport slots and traffic rights, which have been given to other carriers temporarily

Jet Airways loss widens to Rs 5,536 crore in 2018-19 over surge in expenses

The full service carrier, which shuttered operations in April last year, had a loss of Rs 766.13 crore. These figures are for standalone comprehensive losses

Debt-laden Jet Airways receives resolution plan from two bidders

Jet, which has been under insolvency since June last year, had received 12 expression of interests in the fourth round, after the first three rounds failed to garner any financial bids

Maximum government, minimum governance

Book review of The Gated Republic: India's Public Policy Failures and Private Solutions

Cash-strapped Jet Airways gets seven new EoIs in fresh bidding round

The UK-based Kalrock Capital, Hyderabad-based Turbo Aviation, Alpha Airways and Canadian citizen Siva Rasiah have expressed interest in Jet and submitted EoIs

Jet lenders to take a call on fresh EoIs, voting to conclude by May 18

If lenders favour fresh EoIs, this will be the third time they would have called for EoIs. No positive result in previous two attempts as no party came forward with a concrete plan

A year after, Jet Airways' lenders and employees still await payments

The airline operated its last flight between Amritsar-Mumbai on April 17 last year as lenders turned down its demand for an emergency funding

NCLT allows 90 days' extension for Jet Airways insolvency process

The cash-strapped airline, which was grounded in April 2019, owes more than Rs 8,000 crore to banks

Jet Airways RP files plea seeking 90 days extension for bids from NCLT

The cash-strapped airline, which was grounded in April 2019, owes more than Rs 8,000 crore to banks, with those from the public sector having significant exposure

No resolution plan yet for Jet Airways; lenders to take a call on March 12

Under the insolvency and bankruptcy code (IBC), the amended maximum time limit for completion of CIRP has been set at 330 days, which includes the litigation period.

ED grills ex-Jet Airways chief Naresh Goyal, asks him to appear on Friday

This will be the third consecutive day of questioning. On Wednesday, he was summoned to ED Mumbai's office, where he was interrogated for four hours and taken to his residence later in the evening

Jet lenders seek fresh expressions of interest, extend deadline to March 9

Against this backdrop, the CoC extended the last date of submission of resolution plans to March 9. The earlier deadline for submitting the bids was February 18

Jet Airways COC extends deadline for submitting resolution to March 9

The meeting took place in the backdrop of two suitors, showing interest in the grounded airline but failing to submit a resolution plan for bid submissions on Monday

Domestic air passenger traffic grows by just 3.74% in 2019: DGCA

Grounding of Boeing 737Max aircraft and ongoing issues with AirbusA320Neo engines, too, has slowed down capacity growth

Air traffic grows slightly by 3.74% to 14.41 cr in 2019 due to Jet collapse

The passenger load factors of all major airlines - Air India, SpiceJet, GoAir, IndiGo, AirAsia India and Vistara - declined in December 2019 as compared to November last year, as per the DGCA data.

Jet Airways to sell one of its Boeing 777 aircraft to Netherland's KLM

The deal value has not been disclosed, but sources said could fetch the airline around $23 million