Page 8 - Jet Airways Crisis

Jet Airways' future up in the air as Hindujas, Etihad fail to strike a deal

Both lenders and Etihad are not comfortable with the entities holding stake in Jet as they have no proven credentials in running a big business

Banks may hold 20% in Jet Airways to make Etihad-Hinduja deal fly

Banks will hold the stake for up to two years

Grounded Jet Airways stock rallies 14% on Hinduja Group stake buy buzz

SpiceJet, which has taken 15 of Jet's 737 on lease, shed 2.24% to close the day at Rs 126.55 on the BSE

Hinduja Group evaluating opportunity to invest in debt-ridden Jet airways

Lenders to the full service carrier, which temporarily shuttered operations on April 17 as it ran out of cash, are looking for possible suitors

Jet Airways revival: Etihad, Hindujas set for Abu Dhabi meet on May 23

A source in the know said this was possibly the last attempt by the SBI to rescue Jet, which was grounded in April due to dearth of funds

Etihad nominee director on Jet Airways' board Robin Kamark quits

After Kamark's exit, only Ashok Chawla and Sharad Sharma remain on Jet Airways board

I-T dept to conduct a special audit of grounded Jet Airways books

Sources said there had been a lot of internal communication within the tax department in the last few weeks

Jet lenders make last push to find investors to pick up stake in airline

Hunt on for three investors to pick up 20% stake each in the ailing airline

Darwin Group offers Rs 14,000 cr for Jet, meets SBI Caps to discuss bid

SBI Caps had early last month invited expressions of interest between April 8 and 12, on behalf of the lenders to sell their stake in Jet Airways

Jet's revival looks bleak as top executives resign with immediate effect

CEO, CFO among those who step down from ailing airline

Jet Airways revival: Banks may dial govt-backed wealth fund NIIF this week

This is being seen as a significant step to rescue the grounded Jet Airways

Jet Airways revival: Etihad offer hinges on Rs 9,000-cr debt write-down

Jet lenders find there's no binding bid

Grounding of Jet Airways: Misgovernance of family business

Expropriation of shareholders' wealth cannot be detected by applying audit procedures

Jet Airways crisis: Employees seek Maharashtra CM Fadnavis's intervention

Fadnavis has assured full support to workout a solution with PM Modi and civil aviation ministry after the last round of polling is completed president of the All India Jet Airways Officers said

Take-off for Jet is still uncertain despite Etihad submitting a formal bid

The resolution plan of Jet Airways, which underwent multiple changes, was structured around conversion of debt into equity and a rights issue to recapitalise the airline

Etihad flies in to rescue Jet, submits conditional offer for minority stake

Banks to decide on legality of two unsolicited bids

SBI says it has received two unsolicited bids for crisis-hit Jet Airways

This is nearly a month after the airlines was forced to ground all operations due to funding troubles

UK firm offers bid for grounded Jet Airways, keen to partner Etihad

Sources involved in the bidding process confirmed that the entity had submitted a bid but expressed doubt over its acceptance

Taj Mahal Palace offers jobs to employees of grounded Jet Airways

The hotel chain is owned by the Tata group which had earlier expressed interest to pick a stake in the beleaguered airline

HDFC puts Jet's Mumbai office space for sale to recover Rs 414 cr

The office, spread over 52,775 sq ft carpet area, in Mumbai's suburban financial centre Bandra Kurla Complex (BKC), is on the fourth floor of the building 'Jet Airways Godrej BKC'