Page 21 - Jet Airways

The downfall of Jet Airways explained: How India's premium airline crumbled

The loss of aircraft and friction with lessors is just the latest major setback for Jet, which has been struggling for years, beset by an insurgent group of low-cost Indian competitors.

Brand to bank loans: It will be win some, lose some for Jet's new owner

Jet Airways owns over 16 aircraft of its 119 fleet. This includes 10 Boeing 777, three 737, and three A330

Salary dues: Jet pilots serve legal notice, set April 14 deadline

Jet Airways pilots along with engineers and senior executives have not been paid for the last three months

Cash crunch: Jet Airways fails to pay interest to Etihad-linked entity

Jet Airways failed to make a payment on March 19 on account of "temporary liquidity constraints', said the Etihad-linked entity

TPG Capital, Etihad, NIIF likely to bid for cash-strapped Jet Airways

Lenders' consortium, led by State Bank of India, has gone all out to work out a resolution plan for Jet despite several legal hurdles

Public sector units, wealth funds can bid for Jet Airways too

Bid document does not consider debt-equity conversion, issue of shares to banks

Jet lenders plan to sell 75% stake, bidder's net worth should be Rs 1000 cr

A strategic bidder should have a net worth of at least Rs 1,000 crore ($144 million) in the preceding financial year, or at least

Bidding process for crisis-hit Jet Airways likely to begin today

Accordingly, the last date for submission of the bids, which was April 9 earlier, is also likely to be extended by a day to April 10, he said.

Will Jet continue to fly?

If Jet does not survive, the lenders will lose money but gain experience of how to deal with a defaulter airline and not repeat the Kingfisher mistake

Bidding for Jet Airways delayed, banks await RBI nod on debt conversion

SC order on RBI's Feb 12 circular hits stake sale plan

IOC resumes fuel supplies to Jet Airways after assurance of payments

Earlier in the day, Jet Airways faced operational disruptions across major airports when IOC refused to refuel its planes without clearing the outstanding amount

Now, IOC stops fuel supply to cash-starved Jet Airways

The public sector oil marketing firm stopped supplying fuel to the cash-starved carrier from 12 noon Friday, sources told PTI.

Lenders to invite bids for stake sale in crisis-hit Jet Airways on Saturday

No consensus among banks on Rs 1,500 cr emergency funding, to release only Rs 150cr

Jet lenders fail to rope in foreign investors; govt works to save airline

Lenders plan to get investors who could buy out their stake and take control of the ailing airline

AirAsia, Vistara cash in on crisis-hit Jet Airways slots, launch 11 flights

Over 70 per cent of the airline's fleet has been grounded, leading to massive cancellations

Beleaguered Jet Airways' lenders to invite bids for stake sale on April 6

The bids would be invited on April 6 and the last date for submission would be April 9, the lenders said in a statement

Jet Airways flying 26 aircraft, can continue international operations: Govt

International operations of an airline depend on the number of aircraft and seating capacity and Jet Airways "right now fulfils this" criteria.

Jet Airways delays March salary of all employees, assures payments soon

In a staff email, Chief People Officer Rahul Taneja said the company will provide an update on April 9

Suresh Prabhu rules out intervention in commercial matters of Jet Airways

Prabhu said his job as an aviation minister is to come with the policy, ensuring that policy allows the growth

Ministry to review Jet's eligibility to operate on international routes

Jet Airways is operating a truncated schedule with 28 planes at present