Page 10 - Jet Airways

Prudent ARC seeks 4 more weeks to submit plan on Jet Airways resolution

Prudent ARC is in talks with investors and has submitted letters of support from its investors

After challenging 2019, will 2020 be jet, set and go for Indian aviation

From good times, India's airlines flew into hard times last year, with cut-throat competition ensuring cheap tickets but also pushing some companies in the red. Here is what 2020 might hold for them

Jet, set, going down

The Jet Airways stock has gone up from Rs 15.45 in October 2019 to Rs 50 in January 2020 - up over 300 per cent in three months even though the company has been grounded for over a year

Hinduja and US-based Interups join race to acquire cash-strapped Air India

NY-based fund wants govt to include maintenance unit in deal

Jet dents domestic air passenger traffic, growth in single-digit in 2019

In 2018, the domestic air passenger traffic grew by 18.6 per cent to 138.9 million

Jet Airways to sell one of its Boeing 777 aircraft to Netherland's KLM

The deal value has not been disclosed, but sources said could fetch the airline around $23 million

Top 10 biz headlines: Changes in insolvency law, IndiGo board meet, & more

From changes in insolvency law to Wipro Q1 results, Business Standard brings you the top headlines that made news on Wednesday

Bankrupt Jet Airways plans to sell Netherlands biz to Dutch airline KLM

The domestic full-service carrier, which shuttered operations last April, is undergoing insolvency resolution process

Jet Airways dips 5% amid reports Hinduja Group backs out, EoI deadline ends

The beleaguered airline had shut its operations in April last year due to severe cash crunch. It was admitted under the insolvency process in June, 2019.

Jet Airways gets two suitors as EoI deadline ends, Hindujas back out

This is the second time that the lenders to Jet called for EoIs. The first round of bidding did not result in any resolution plan for the revival of the airline.

Jet Airways at 6-mth high, up 5% for 12 straight days ahead of EOI deadline

The Committee of Creditors of Jet Airways at their meeting held on January 2, 2020 had passed the resolution to extend the last date for submission of Expression of Interest to January 15

Jet gets second EoI after South America-based Synergy group, stocks gain

It was earlier supposed to end on January 6, however, the lenders decided to extend the deadline if anyone wants to submit an EoI for the defunct airline

NCLT warns Jet Airways CoC of contempt proceedings for not releasing funds

The bench directed the CoC to at least pay the amount by January 20, or the tribunal will initiate contempt proceedings against the defaulting members

Jet Airways hits upper circuit for sixth straight day, up 105% in 4 weeks

Despite a sharp run-up in market price, the stock is still down 88 per cent from its 52-week high level of Rs 312, touched on January 15, 2019

Top 10 biz headlines: Auto sector in low gear, FM on economy booster & more

From FM Sitharaman announcing that talks are on with PMO to revive the slowing economy to slowdown in the auto industry, here are the top business headlines for Saturday

Is government looking skywards to save Air India from being grounded?

Would it mean Air India going the Jet Airways way and suspending operations?

Apex Frozen, Avanti Feeds, Jet Airways gain over 100% from 52-week lows

Dixon Tech, Shipping Corporation, Essel Propack, BF Utilities, Godawari Power, JBM Auto, Indiabulls Real Estate and RPG Lifesciences gained in the range of 104% to 153%.

Non-revival of Jet, other factors may drag passenger growth in FY20: CRISIL

On a calendar year basis, the domestic air traffic grew only 3.86 per cent in the January-November period of this year

Jet Airways hits upper circuit on report Hinduja Group may bid for airline

Last week, Jet Airways had informed the exchanges that the had CoC passed the resolution to issue fresh invitation of Expression of Interest.

Top 10 biz headlines: DHFL dues, rise in Jio users, Huawei 5G trial, & more

From DHFL's dues claim to Bharat Forge increasing stake in Aeron Systems, here are the top 10 business stories that made news on Monday