Page 7 - Jet Airways

PNB says Jet revival plan is discriminatory, files appeal in NCLAT

PNB is the largest shareholder in Jet Airways with 26 per cent stake which it secured after invocation of a pledge in 2019

Top headlines: August exports rise 45%; RRVL gets sole control of Just Dial

Business Standard brings you the top stories this evening

PNB asks NCLAT to quash Kalrock-Jalan resolution plan for Jet Airways

PNB argues that Jet's court-appointed rescue official had initially accepted its claim of nearly Rs 1,000 cr from the airline's backers, but then reduced it by Rs 200 cr

Top headlines: Car sales skid, Prosus joins top global investors, and more

From vehicle sales taking a beating in August to Jet Airways' plans to resume service by early 2022, Business Standard brings you the top headlines at this hour

Ready for take-off: Jet Airways plans to resume service by early 2022

Jet 2.0 has also given a firm plan to Airport Authority of India (AAI) and private airport operators to restart operations with 20 aircraft

NCLAT agrees to hear Jet staff's plea against Kalrock-Jalan resolution plan

NCLAT issues notice, seeks response on concerns raised by Jet Airways employees

Jet Airways staff unions challenge resolution plan, file appeal in NCLAT

Kalrock-Jalan consortium proposed a sum of Rs 52 crore to settle admitted employee claims of Rs 1,265 crore

Top headlines: European shares tumble 2%; Ujjivan SFB MD & CEO resigns

Business Standard brings you the top stories this evening

Jet Airways: Staff grouping seeks Scindia's intervention to resolve issues

A grouping of Jet Airways staff has sought the intervention of Civil Aviation Minister Jyotiraditya Scindia in addressing their issues with respect to the resolution plan of the Jalan Kalrock Consortium, which has emerged as the winning bidder for the defunct airline. In a letter to the minister, the All India Jet Airways' Officers & Staff Association has requested him to take up their issues with the representatives of the consortium. Payment of all social security dues such as provident fund and gratuity, and assurance of employment to existing employees on the payroll are among their demands. "We are shocked and surprised to notice that complete injustice has been done to the employees of the company in as much that the dues offered is about Rs 52 crore which is a miniscule amount compared to the original claims accepted by the resolution professional," the letter, dated July 27, said. On June 22, the National Company Law Tribunal (NCLT) approved the consortium's resolution ...

Billionaire investor Rakesh Jhunjhunwala eyes 70 aircraft in 4 years

To invest Rs 260 crore for a 40% stake in low-cost airline

Naresh Goyal, Prashant Ruia among potential Pegasus targets: Report

The government has been denying all Opposition allegations in the matter.

Jet staff to get plummeted relief, only Rs 52 cr earmarked for employees

It is not yet a happy ending for the Kalrock-Jalan consortium of Jet Airways as employees of airline are unhappy with relief they are being offered which is slashed down from the actual claims

95% Jet staff must consent to Kalrock-Jalan proposal or lose benefits

Voting on the consortium's offer for employees and workmen began on Monday and will go on till August 4

Shares of Jet Airways decline 5% after earnings announcement

The shares hit the lowest trading permissible limit for the day

Top headlines: Jet Airways creditors take haircut; Sebi reins in promoters

Business Standard brings you the top headlines on Thursday

Financial creditors to take 95% haircut on Rs 7,800 cr Jet Airways dues

Jalan-Kalrock to pay only Rs 385 crore; NCLT asks govt to make slots available for new owners in order to successfully revive the airline

Jet shares continue to rise; monitoring committee for airline in place

Continuing on its upward trajectory, shares of grounded Jet Airways gained nearly five per cent to touch its upper price limit on Tuesday

Making sense of crisis-hit Jet Airways' juggle for key airport slots

The Kalrock-Jalan consortium, whose proposal got the NCLT nod, hopes to restart Jet Airways as a full service airline with 25-30 aircraft

Jet Airways: Seven-member panel to manage airline under resolution plan

Further, Ashish Chhawchharia has ceased to be the resolution professional of the airline, according to a regulatory filing

Best of BS Opinion: A jab at veracity, Jet Airways revival, and more

Here are the best of Business Standard's opinion pieces for Thursday