Page 2 - Jet Airways

NCLT extends Jet Airways revival plan deadline till March 29

The deadline has been extended by a week to allow lenders to formulate their view on the consortium's application. The matter will now be heard on March 29.

Top Headlines: LIC IPO in 2-3 weeks; Boeing 737 on 'enhanced surveillance'

The government is expecting the launch of the initial public offering (IPO) of Life Insurance Corporation of India (LIC) in two to three weeks

Jet Airways revival: NCLT to hear Kalrock-Jalan application on Tuesday

The 270-day deadline given to the group to implemey its plan ends on Tuesday; the consortium wants certain days excluded from this time frame in view of another pending application

Committed to revival of Jet Airways, says Kalrock-Jalan consortium

The firm has to obtain the air operator certificate (AOC) from the Directorate General of Civil Aviation by March 22

Working with authorities to get air operator certificate re-validated: Jet

According to a company statement, the restart activities are 'progressing well'

Kalrock-Jalan consortium seeks two more months to revive Jet Airways

Makes application to NCLT; Rising cost of reviving operations is already a bone of contention between consortium and lenders

Aviation sector veteran Sanjiv Kapoor appointed CEO of Jet Airways

Kapoor is currently the president of Oberoi Hotels and Resorts. Prior to joining the Oberoi group, he was the chief strategy and commercial officer at Vistara.

Top headlines: NSE seeks new chief; Jet Airways appoints new CEO

Business Standard brings you the top headlines on Friday

Aviation industry veteran Sanjiv Kapoor appointed Jet Airways CEO

Kapoor has previously worked as chief operating officer at SpiceJet and chief strategy and commercial officer at Vistara.

Jet Airways appoints SriLankan Airlines ex-CEO Vipula Gunatilleka as CFO

Jalan-Kalrock consortium-owned Jet Airways on Tuesday announced the appointment of former SriLankan Airlines' CEO, Vipula Gunatilleka as the Chief Financial Officer. "We are excited to welcome Vipula Gunatilleka to our young and energetic team. Vipula is an aviation expert and regarded as a turnaround specialist in the industry. "He has been shortlisted after a rigorous process run by our Executive Team over the last several months," said Ankit Jalan, Member of the Monitoring Committee of Jet Airways and part of Jalan-Kalrock Consortium. Gunatilleka, who served as the CEO of the SriLankan Airlines till January this year, was brought to restructure the carrier in 2018, as per a release. "I am certain Vipula will be an asset to the organization and will provide the necessary vision to revive the operations of Jet Airways as per the plans of the Consortium," Jalan added. Prior to joining SriLankan Airlines, he was the CFO & Board Member of TAAG Angola Airlines from November 2015 to

Kalrock-Jalan group in rush to revive Jet Airways ahead of March deadline

Disagreements have emerged on funding pre-operative expenses which are necessary for DGCA approval

Jet Airways appoints Priyapal Singh as its 'accountable manager'

Grounded carrier Jet Airways has appointed Priyapal Singh as its 'accountable manager', replacing Sudhir Gaur who resigned from the company late last year, an airline source said on Friday. A seasoned pilot, Singh took over the charge of the position in January, according to the source. The source also said that immediately after assuming the position, Singh along with the Jet Airways team met the DGCA officials and discussed various issues concerning the re-launch of operations. The consortium had on December 17 last year said Jet Airways 2.0 plans to start domestic operations at the earliest in 2022 as a full-service carrier. Singh, a squadron leader with IAF who has been associated with Jet Airways and JetLite in various capacities prior to its grounding in April 2019, moved back to Jet, which is now owned by the Murari Lal Jalan-Kalrock consortium, from the Nepal Airlines Corporation. "The new Accountable Manager Captain Priyapal Singh took over the charge on January 24 and th

Jet Airways 2.0 faces turbulence before take-off?

The acting CEO of Jet Airways quit this week. The date to seek regulatory permissions for restarting the airline has also been extended twice. Why is the re-launch of Jet Airways looking turbulent?

TMS Ep81: Jet Airways, Elizabeth Holmes, Q3 results, Consolidated Fund

Jet Airways 2.0 faces turbulence before take-off? Lessons for investors from Elizabeth Holmes' fall? Will Q3 earnings surprise Dalal Street? What is the Consolidated Fund of India? All answers here

Jet Airways says its VP-operations Sudhir Gaur has quit the company

Jet Airways on Wednesday said its VP-operations, Sudhir Gaur, who was designated as the airline's 'accountable manager', has quit the company. The grounded airline, which is expected to resume operations this year under its new promoters Murari Lal Jalan-Kalrock consortium, in a regulatory filing clarified that Gaur was not the interim CEO of the company. It also said the Monitoring Committee at its meeting on January 5 has provided its "in-principle approval" to the nomination of Priyapal Singh as the new 'accountable manager' of the company. Jet Airways ceased operations in April 2019. "Sudhir Gaur is not the 'interim CEO' of the company as reported by certain news agencies. Gaur, who recently resigned from the company, was employed in July 2021 as VP- Operations and designated as the 'accountable manager' of the company (for the purposes of the requirements under civil aviation laws and regulations)," Jet Airways said in the filing. It said that the day-to-day operations and ..

Ahead of planned 2022 takeoff, Jet Airways sees spate of senior-level exits

Replacement for accountable manager Sudhir Gaur finalised; no immediate confirmation of replacements for finance and MIS heads

New Jet Airways owners may infuse around Rs 1,500 crore in first tranche

The investment announcement comes days before the deadline fixed by the lenders, funding shortage has been hurting revival plans of the airline

Jalan-Kalrock consortium approaches NCLT to fast-track Jet resolution

The consortium said it plans to restart domestic operations at the earliest in 2022 as a full-service carrier

Jet in 'advanced discussions' with Boeing, Airbus for buying aircraft

Jet Airways, which is preparing to relaunch operations next year, on Friday said it is in "advanced discussions" with Boeing and Airbus for buying and leasing planes.

Jet Airways says in 'advanced discussions' with Boeing, Airbus for aircraft

The grounded airline has been acquired by Murarilal Jalan-Kalrock Capital consortium under the insolvency resolution process.