Why Jet Airways' promise to change doesn't sound reassuring
Jet Airways is said to have received Rs 17.25 billion as "monetary consideration" from the developers
This included lease incentives and new bank borrowing
Jet Airways would invest in its business, cut costs in excess of 20 billion rupees in two years
The stock moved higher by 8% to Rs 303, bouncing back 11% from its intra-day low of Rs 272 on the BSE.
The ministry has also sought details from the Airways' auditors on the postponement of quarterky results
Reuters reported this week that private equity firm TPG Capital was considering investing in Jet but is not close to finalising a deal
Commission paid to promoter-owned firm raises suspicion among analysts, auditors
Tickets for the code share flights will be opened for sale from August 23
Airline tells exchanges it hasn't received any communication from the ministry
Jet has appointed Morgan Stanley to advise on the potential deal, Mint reported
Boeing returns part pre-delivery payment, AAI may extend credit window for the airline
The carrier currently has five ATR-72s and connects 14 destinations including some under the Centre's regional connectivity scheme, Udan
The airline had delayed its result earlier this month, prompting the stock exchange and market regulator to ask why
Jet Airways deferred its quarterly results on Aug 9, sending its shares to a three-year low
The crisis reflects a deeper strategic weakness
Etihad owns 50.1 percent of the loyalty programme, while Jet Airways owns the rest
The airline has been evaluating various funding options to meet its liquidity requirements on priority
Despite adding no new aircraft, Jet Airways saw more departures during the year, it flew more people, and achieved a higher load
Grappling with financial woes, the airline had last week deferred the announcement of its financial results for the June quarter