Page 13 - Jet Airways

Top events of the day: FM to take stock of PSBs merger preparedness

From Jet Airways' creditors meeting to India vs South Africa first ODI at Dharamshala, Business Standard brings you the top news events of the day to watch out for

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

ED files fresh money laundering case against Jet Airways, Naresh Goyal

Earlier, the financial probe agency had registered a case of Foreign Exchange Management Act violations against the airline and Goyal last year

Air France, Virgin Atlantic add India flights, fill gap left by Jet Airways

Both carriers are part of Delta-led JV that controls 23% of passenger and cargo capacity between Europe and US

Air India sale: Non-commitment to protect global routes a deal dampener?

Govt will retain Air India's international bilateral flying rights for only six months which may dis-incentivise potential buyers if the rights are re-allocated to other airlines after that

Top 10 biz headlines: Jet gets another EoI, PFC-REC merger stuck, and more

This is the third EoI that Jet has received in the second round of bidding

Beleaguered Jet gets another EoI; CoC extends deadline for resolution plan

The other two entities which have expressed interest in reviving Jet are New Delhi-based Prudent ARC and South America's Synergy Group

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

Prudent ARC seeks 4 more weeks to submit plan on Jet Airways resolution

Prudent ARC is in talks with investors and has submitted letters of support from its investors

After challenging 2019, will 2020 be jet, set and go for Indian aviation

From good times, India's airlines flew into hard times last year, with cut-throat competition ensuring cheap tickets but also pushing some companies in the red. Here is what 2020 might hold for them

Jet, set, going down

The Jet Airways stock has gone up from Rs 15.45 in October 2019 to Rs 50 in January 2020 - up over 300 per cent in three months even though the company has been grounded for over a year

Hinduja and US-based Interups join race to acquire cash-strapped Air India

NY-based fund wants govt to include maintenance unit in deal

Jet dents domestic air passenger traffic, growth in single-digit in 2019

In 2018, the domestic air passenger traffic grew by 18.6 per cent to 138.9 million

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

Top 10 biz headlines: Changes in insolvency law, IndiGo board meet, & more

From changes in insolvency law to Wipro Q1 results, Business Standard brings you the top headlines that made news on Wednesday

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.

Jet Airways gets two suitors as EoI deadline ends, Hindujas back out

This is the second time that the lenders to Jet called for EoIs. The first round of bidding did not result in any resolution plan for the revival of the airline.

Jet Airways at 6-mth high, up 5% for 12 straight days ahead of EOI deadline

The Committee of Creditors of Jet Airways at their meeting held on January 2, 2020 had passed the resolution to extend the last date for submission of Expression of Interest to January 15