Page 24 - Jet Airways

Jet saga: Lenders delay stake sale to make room for more potential bidders

SBI Caps extends bid deadline till tomorrow to give room to more potential buyers; airline's board to meet today

Jet Airways further reduces fleet to 14 aircraft for operation for Thursday

Of the 14 aircraft, eight are wide-body planes generally used for long-haul international operations

Hats off, NG

Jet's ousted chairman has successfully transferred the headache of reviving his airline to SBI and the government

Cargo agent seizes Jet Airways plane in Amsterdam airport over dues

The airline has grounded more than three-fourths of its fleet due to non-payment of lessors' rentals and is operating just about 25 planes out of its 123 earlier

DGCA de-registers 7 aircraft of Jet, allows lessors to take them back

During the last few weeks, Jet Airways has been grounding its aircraft in tranches due to non-payment of dues to its lessors

Deadline for Jet bidders extended to April 12; binding bids by April 30

Earlier in the day, SBI Capital Markets issued a set of clarifications related to the EoI document, including that bidders in a consortium need to furnish solvency certificates individually

For 3rd time in week, IOC cuts fuel supply to Jet for non- payment of dues

The airline also faced the ignominy of losing one of its planes to a European cargo agent who seized one of its wide-body planes at the Amsterdam airport for payment related issues

Jet crisis: Consortium bidders to submit individual solvency certificates

Jet Airways is grappling with acute financial crunch and the SBI-led consortium of domestic lenders are implementing a debt resolution plan

Pay salary by 14 April or face legal action: Jet pilots send notice to CEO

The pilots, via their counsel, claimed that despite raising the issue time and again with the management, the schedule of payment is getting delayed each time

The downfall of Jet Airways explained: How India's premium airline crumbled

The loss of aircraft and friction with lessors is just the latest major setback for Jet, which has been struggling for years, beset by an insurgent group of low-cost Indian competitors.

Brand to bank loans: It will be win some, lose some for Jet's new owner

Jet Airways owns over 16 aircraft of its 119 fleet. This includes 10 Boeing 777, three 737, and three A330

Salary dues: Jet pilots serve legal notice, set April 14 deadline

Jet Airways pilots along with engineers and senior executives have not been paid for the last three months

Cash crunch: Jet Airways fails to pay interest to Etihad-linked entity

Jet Airways failed to make a payment on March 19 on account of "temporary liquidity constraints', said the Etihad-linked entity

TPG Capital, Etihad, NIIF likely to bid for cash-strapped Jet Airways

Lenders' consortium, led by State Bank of India, has gone all out to work out a resolution plan for Jet despite several legal hurdles

Public sector units, wealth funds can bid for Jet Airways too

Bid document does not consider debt-equity conversion, issue of shares to banks

Jet lenders plan to sell 75% stake, bidder's net worth should be Rs 1000 cr

A strategic bidder should have a net worth of at least Rs 1,000 crore ($144 million) in the preceding financial year, or at least

Bidding process for crisis-hit Jet Airways likely to begin today

Accordingly, the last date for submission of the bids, which was April 9 earlier, is also likely to be extended by a day to April 10, he said.

Will Jet continue to fly?

If Jet does not survive, the lenders will lose money but gain experience of how to deal with a defaulter airline and not repeat the Kingfisher mistake

Bidding for Jet Airways delayed, banks await RBI nod on debt conversion

SC order on RBI's Feb 12 circular hits stake sale plan

IOC resumes fuel supplies to Jet Airways after assurance of payments

Earlier in the day, Jet Airways faced operational disruptions across major airports when IOC refused to refuel its planes without clearing the outstanding amount