Page 25 - Jet Airways

Now, IOC stops fuel supply to cash-starved Jet Airways

The public sector oil marketing firm stopped supplying fuel to the cash-starved carrier from 12 noon Friday, sources told PTI.

Lenders to invite bids for stake sale in crisis-hit Jet Airways on Saturday

No consensus among banks on Rs 1,500 cr emergency funding, to release only Rs 150cr

Jet lenders fail to rope in foreign investors; govt works to save airline

Lenders plan to get investors who could buy out their stake and take control of the ailing airline

AirAsia, Vistara cash in on crisis-hit Jet Airways slots, launch 11 flights

Over 70 per cent of the airline's fleet has been grounded, leading to massive cancellations

Beleaguered Jet Airways' lenders to invite bids for stake sale on April 6

The bids would be invited on April 6 and the last date for submission would be April 9, the lenders said in a statement

Jet Airways flying 26 aircraft, can continue international operations: Govt

International operations of an airline depend on the number of aircraft and seating capacity and Jet Airways "right now fulfils this" criteria.

Jet Airways delays March salary of all employees, assures payments soon

In a staff email, Chief People Officer Rahul Taneja said the company will provide an update on April 9

Suresh Prabhu rules out intervention in commercial matters of Jet Airways

Prabhu said his job as an aviation minister is to come with the policy, ensuring that policy allows the growth

Ministry to review Jet's eligibility to operate on international routes

Jet Airways is operating a truncated schedule with 28 planes at present

Have signed on the dotted line to ensure funds for Jet: Naresh Goyal

Goyal who launched Jet Airways in 1993 stepped down as the chairman last week

Have agreed to all terms set by lenders for Jet's future: Naresh Goyal

The crisis-hit carrier is set to undergo a debt resolution whereby lenders will take control and also infuse funds worth Rs 1,500 crore.

Jet Airways shares fall 4% as it grounds 15 more planes

The latest groundings mean more than two-thirds of its total fleet of about 120 planes is not flying.

Lenders to cash-strapped Jet Airways likely to rework resolution plan

Jet had also made commitments to its lessors and vendors for clearing of dues - this has been delayed as funds are yet to flow in

Cash-strapped Jet Airways offers its Boeing 737 pilots leave without pay

The operations department has also proposed changes to the crew duty pattern

Jet Airways grounds 15 more planes due to non-payment of rentals to lessors

Last week, Jet Airways had informed the government it has 35 aircraft in operations

Jet pilots write to DGCA, management; seek interest on delayed salaries

The pilots along with engineers and have salary arrears for three months, starting January

Jet Airways misses $109 million loan repayment to HSBC Bank: Report

The money was due on March 28, and was part of a two-tranche facility totaling $140 million that the company took from HSBC in 2014, according to sources

Jet Airways lenders to create independent trust for stake of Goyal, Etihad

The thrust is on transferring equity, trust structure and the call option (the right but not the obligation to buy), and paying the proceeds upfront

Rough flight ahead for Jet as legal worries loom large over revival plan

Some experts are of the view that the debt-equity swap is only a matter of change in the books of account, and will not necessarily change the quality of Jet's assets

Crisis averted at Jet Airways; pilots defer by 2 weeks decision not to fly

The decision was taken at an open house meeting of NAG members that took place both in Mumbai and Delhi Sunday afternoon