Page 4 - Jet Airways Crisis

Synergy group seeks time till February to submit Jet resolution plan

Group seeks clarity on securing airport slots in India and London; airline's lenders to meet next week to consider its request

Jet grounding, delays overshadow Dubai Airshow; airlines review fleet plans

Top of their agenda will be the worldwide grounding of the 737 MAX in the wake of two deadly crashes

Top headlines: PV sales snap 11-month slide in Oct, Uddhav faces acid test

As many as 70,000 employees of BSNL have already opted for the VRS scheme which was launched last week

Jet Airways, Naresh Goyal under SFIO lens; stock hits lower circuit

The grounded Jet Airways owes over Rs 8,000 crore to its lenders. Besides, the airline is estimated to have a total liability of about Rs 25,000 crore which includes dues of operational creditors.

Lost Jet capacity back in air: With 5 new aircraft, carriers' fleet at 618

When Jet Airways was operating to its full schedule, the total fleet size of Indian airlines had peaked at 614 in January

Not a solution

A test will not ensure accountability of independent directors

NCLAT decision on Jet's CoC meetings a welcome signal to foreign investors

The NCLAT's decision is based on a 'Cross Border Insolvency Protocol' agreed upon by the Dutch insolvency court administrator and the Indian Resolution Professional of debt-laden Jet Airways

NCLAT allows Dutch court administrator to attend Jet Airways CoC meetings

The grounded Jet Airways owes more than Rs 8,500 crore to lenders

Dutch court administrator, Jet Airways' RP agree to cooperate in insolvency

Jet is facing insolvency proceedings in the Netherlands, which is a regional hub for the Euro operations of the airline

Synergy Group in talks with lenders, govt on grounded Jet Airways revival

A source privy to the development said the group's representatives were planning to meet aviation ministry officials this week before taking a call on whether to send a team for detailed due diligence

Enforcement Directorate grills Naresh Goyal over diversion of Jet funds

The enforcement agency is probing Goyal's offshore investments which were made through diversion of funds from Jet Airways to 19 shell companies allegedly managed by him

FEMA violation case: Jet Airways founder Naresh Goyal questioned by ED

This is the first time that the central agency is grilling him after it conducted searches against him last year

Synergy Group, RA Treasury make the cut for reviving defunct Jet Airways

Avantulo Group and RA Treasury were the first ones to submit their intent

NCLAT directs Jet Airways IRP, Dutch court administrator to coordinate

NCLAT also asks interim resolution professional to submit copy of draft agreement in two weeks, to hear matter on Sep 20

Jet creditors to recover only $300-$400 mn in liquidation scenario: Report

"The expected recovery on owned planes and real estate is $300-400 million after repaying debt tied specifically to those assets," said one of the sources

Jet fails to find new suitor, further deadline extension for EoI unlikely

Avantulo, Russian fund and Synergy Group are the three bidders

Jet Airways fails to attract new bidders, deadline unlikely to be extended

With no new bidders emerging during this period, there are only three entities that had put in their initial bids earlier

After EOI submission, Synergy Group eyes 49% stake in Jet Airways

Govt norms mandate that substantial ownership and effective control of an airline must rest with Indian citizens

Jet Airways crisis: Lenders extend expression of interest deadline again

The lenders have given in-principal nod for the extra sum but will have to approve it through a vote this week

Jet Airways crisis: Lenders to discuss bids, interim funding today

The resolution professional had earlier received EoIs from Panama-based Avantulo Group and a Russian fund Treasury Creator