Page 30 - Jet Airways

Banks ask Naresh Goyal, Etihad to contribute to Jet Airways bailout

Goyal agrees to step down from the board, cut his stake to 22%

Jet Airways grounds more planes, flights cancelled, pilots call off strike

Jet Airways has in the last two months trimmed its fleet by 28 planes and will ground about a dozen more aircraft in March mainly due to non-payment of rentals and lack of spare parts.

Jet Airways grounds 7 more planes due to non-payment of lease rentals

So far this month, as many as 13 planes of the company have been grounded on account of non-payment of rentals to lessors

SBI calls emergency meeting on Jet Airways to thrash out contentious issues

It is believed that Goyal, as well as Etihad group Chief Executive Officer Tony Douglas, has been invited for the meeting

Etihad control won't hit Jet Airways' ties with its European, US partners

It has 5 daily wide-body aircraft to Amsterdam and Paris from India, and a daily service between Amsterdam and Toronto

Jet crisis: SBI calls lenders' meet with chairman Goyal, Etihad's Douglas

SBI is the lead lender of a consortium that has extended loans to Jet Airways

No decision taken on referring debt-ridden Jet Airways to NCLT, says SBI

Reports earlier said SBI was mulling moving the NCLT to recover its loans from Jet Airways

Jet will re-emerge as a robust airline: Goyal, Etihad CEO in joint message

An airline source pointed out there is anxiousness among employees and stakeholders are awaiting an outcome

Pilots warn Jet Airways of protests from March 1 over delay in salaries

Faced with a funds crunch, Jet has delayed salary and vendor payments in the last few months

Etihad conditions may delay debt-laden Jet Airways resolution plan

On February 21, the airline's shareholders approved five enabling resolutions to convert its debt into equity

SBI considers moving NCLT for insolvency proceedings against Jet Airways

A consortium of banks, led by the SBI, has extended loans to Jet Airways, which is looking to rejig debt and raise funds

Shareholders of Jet Airways approve debt-for-equity swap

The plan will mean the lenders will have a bigger holding than any other shareholder.

Banks' consortium considering Rs 500 cr interim funding to Jet Airways: PNB

PNB is part of the lenders' consortium, which is led by State Bank of India (SBI), that has given loans to Jet Airways.

Jet Airways shareholders give consent to debt-equity conversion

Jet Airways is facing a cash crunch, leading to delayed salary disbursements and vendor payments

Some shareholders question Jet revival plan, criticise lack of transparency

The airline has a debt of around Rs 7,600 crore, which includes Rs 1,700 crore of aircraft loan

Another Kingfisher? Lessors doubt Jet rescue plan, pull out more planes

Nine of Jet's planes have been grounded by lessors, versus the four it reported last month, with AerCap Holdings NV and BOC Aviation Ltd among those who have pulled out planes

Jet holds shareholders' meeting, conversion of loans into shares discussed

The cash-strapped full-service airline is looking for funds and restructuring of debt

Here's a timeline of Jet Airways debt troubles as it edges closer to safety

The airline has also seen its share price suffer as it navigated through several negotiations with its lenders and shareholders

Jet Airways bailout: Why the airline's second take-off may be doomed

On paper, the plan looks like it may work. Yet Jet shares, which have dropped 70 per cent over the past year, haven't reacted

Soft on promoters, still

Jet bailout should not allow equity holders too much leeway