Page 3 - Jet Airways Crisis

Top biz headlines: Bezos' India pitch, Airtel's fundraising, and more

From Huawei's likely 5G trial to DHFL-lenders meet, Business Standard brings you the top business headlines of the day

Bankrupt Jet Airways plans to sell Netherlands biz to Dutch airline KLM

The domestic full-service carrier, which shuttered operations last April, is undergoing insolvency resolution process

Jet Airways dips 5% amid reports Hinduja Group backs out, EoI deadline ends

The beleaguered airline had shut its operations in April last year due to severe cash crunch. It was admitted under the insolvency process in June, 2019.

Synergy Group gives new expression of interest for beleaguered Jet Airways

In the first round of bidding, Synergy had questions for the civil avaition ministry on availability of slots in the domestic and international routes

Jet Airways lenders give time till January 15 for submission of EoIs

Jet has completed 180 days of its insolvency proceedings and has extended the corporate insolvency process by another 90 days.

Year in Review: Jet collapse to NBFC mess, biggest business news of 2019

With 2019 drawing to a close, Business Standard looks at the biggest news developments from the world of business that shaped the year

Indian airlines may hire fewer pilots in 2020 compared to last year

Pilot appointment, however, cannot be equated with pilot availability.

737 Max grounding, Jet crisis may drag down passenger growth to 4%: Crisil

The domestic traffic data in the April-September period, during which the passenger volume grew a mere 2 per cent, also reflects this estimate, rating agency said in its aviation outlook note.

Jet Airways hits upper circuit on report Hinduja Group may bid for airline

Last week, Jet Airways had informed the exchanges that the had CoC passed the resolution to issue fresh invitation of Expression of Interest.

Year in Review: Top 10 corporate events and crises India Inc faced in 2019

From DHFL, PMC and Karvy crises to the suicide of CCD promoter V G Siddhartha and arrest of the Singh brothers, these corporate events and scandals made strong headlines in 2019

Billionaire Hinduja brothers set to bid for Jet Airways by Jan 15: Report

Deliberations are at early stage and Hinduja Group may decide against bidding, or other bidders may emerge, the people said

Post NCLT extension, Jet Airways' creditors decide to seek fresh bids

The Committee of Creditors (CoC) would seek fresh Expression of Interest (EoI), according to a regulatory filing on Monday

NCLT directs Jet Airways lenders to expedite decision on fresh EOIs

The RP on December 17 had told the tribunal that until now two investors have shown interest in the airline

Jet lenders to invite fresh bids as parties are willing to revive airline

The CoC will vote on restarting the bid process on Friday and the results will be out on Saturday

Will certainly consider investors' plan for Jet's rescue: DGCA to NCLT

The NCLT will hear the Synergy Group on Thursday about the company's clarifications on its stand on the airport slots.

Airlines fail to gain from fuel price cut, may post $600 mn loss in FY20

The financial projections are based on the assumptions that oil prices are in the range of $60-65 per barrel, exchange rate is Rs 70-72 against USD and that airlines maintain pricing discipline.

Never told Parliament anything about providing jobs to Jet employees: Puri

The minister was replying to an allegation by AAP Rajya Sabha MP Sanjay Singh who on November 27 said in the House that Puri had "assured" Parliament "no employee of Jet Airways would lose job

Govt should protect 'historical rights' of Jet over its slots: Employees

After Jet Airways ran out of funds, it had shut down operations on April 17 and this led to a sudden rise in domestic and international airfares

Jet creditors seek 90-day extension in insolvency resolution process

Synergy Group is the only interested entity shortlisted by the Resolution Professional's team to file a plan for the defunct airlines

Providing jobs to former Jet employees not in our domain: Govt in RS

According to Minister of Civil Aviation Hardeep Singh Puri, it is the job of the management of an airline to keep it afloat.