Page 27 - Jet Airways

Waiting for Godot

With no knight in shining armour on the horizon, Jet Airways' days seem numbered

SBI chairman expects investors for cash-strapped Jet Airways by May 31

Consortium of lender led by the SBI has agreed to put in Rs 1,500 crore immediate funding by acquiring 51% stake

Naresh Goyal's resignation a wake-up call for policymakers: SpiceJet chief

SpiceJet chief Ajay Singh also said that it was a wake-up call for Indian policy makers

Naresh Goyal quits Jet board, lenders take over cash-strapped airline

Saddled with more than $1 billion of debt, Jet is struggling to stay afloat

Good outcome from Jet, lenders' talks better than insolvency: Govt official

Good outcome from Jet, lenders' talks preferable to insolvency process: Govt official

Naresh Goyal to quit as chairman of debt-ridden Jet today: Report

Chief Executive Vinay Dube is expected to stay on board the 25-year-old airline Goyal set up with his wife in 1993, according to the report

Board approval to crisis-hit Jet Airways management change today

Team of I-bankers, advisors helping bank consortium in rescue deal

Flying away: Why Etihad won't invest in debt-laden Jet Airways anymore

Etihad is neither in a position nor in a mood to repeat history by injecting more cash into Jet or helping Goyal as it did earlier, even if he were to cede control

Letter to BS: Banks to take control of crisis-hit Jet Airways cockpit

The present credit exposure of the consortium of lenders to Jet Airways is a potential bad asset

Lenders to cash-strapped Jet Airways weigh open auction process

Stake sale likely to be completed in 2 months; banks to infuse Rs 1,500 cr immediately to restore normalcy

Jet pilots say will have to mortgage car or jewellery to stay afloat

Beleaguered Jet Airways' pilots said on Friday they are suffering from massive financial stress caused by non-payment of salaries for the last three months

Crisis-hit Jet Airways' lenders struggle for consensus on revival plan

Indicating that a rescue plan is extremely tough at this stage, an official in the civil aviation ministry said one should be ready for a scenario without Jet Airways

Jet suspends flights to 13 foreign destinations, scales down 7 routes

The routes where services have been temporarily withdrawn include Pune-Singapore (seven a week), which was launched with much fanfare late last December, and Pune-Abu Dhabi (seven flights a week)

Lenders may pick substantial stake in Jet, wait for new promoters: Report

The process of getting a new promoter on board is likely to take another two to three months and once that happens, the banks would offload their stakes

Jet Airways needs at least Rs 10,000 crore to stay afloat: Industry

The industry reaction comes even as the airline's case is being viewed by top government officials

Qatar Airways denies talks with Jet's Chairman Naresh Goyal, son Nivaan

Jet Airways' chief executive officer Vinay Dube informed pilots earlier this week that the airline is looking for a potential investor

Jet's new flight path

Banks gave too long a rope to promoters

Bank employees oppose lenders' plan to take control of ailing Jet Airways

State-owned banks, including SBI and Punjab National Bank, are the main lenders to Jet

Jet Airways drops to fourth place in market share; pilots write to PM

IndiGo continued its leadership with 43.4% market share in February while Jet Airways slipped to 11.4% share below SpiceJet (13.7) and Air India (12.8)

Banks to take control of Jet Airways cockpit; lenders to infuse Rs 1,200 cr

Naresh Goyal, nominees to step down; lenders to infuse Rs 1,200 cr emergency funds