Page 22 - Jet Airways

Have signed on the dotted line to ensure funds for Jet: Naresh Goyal

Goyal who launched Jet Airways in 1993 stepped down as the chairman last week

Have agreed to all terms set by lenders for Jet's future: Naresh Goyal

The crisis-hit carrier is set to undergo a debt resolution whereby lenders will take control and also infuse funds worth Rs 1,500 crore.

Jet Airways shares fall 4% as it grounds 15 more planes

The latest groundings mean more than two-thirds of its total fleet of about 120 planes is not flying.

Lenders to cash-strapped Jet Airways likely to rework resolution plan

Jet had also made commitments to its lessors and vendors for clearing of dues - this has been delayed as funds are yet to flow in

Cash-strapped Jet Airways offers its Boeing 737 pilots leave without pay

The operations department has also proposed changes to the crew duty pattern

Jet Airways grounds 15 more planes due to non-payment of rentals to lessors

Last week, Jet Airways had informed the government it has 35 aircraft in operations

Jet pilots write to DGCA, management; seek interest on delayed salaries

The pilots along with engineers and have salary arrears for three months, starting January

Jet Airways misses $109 million loan repayment to HSBC Bank: Report

The money was due on March 28, and was part of a two-tranche facility totaling $140 million that the company took from HSBC in 2014, according to sources

Jet Airways lenders to create independent trust for stake of Goyal, Etihad

The thrust is on transferring equity, trust structure and the call option (the right but not the obligation to buy), and paying the proceeds upfront

Rough flight ahead for Jet as legal worries loom large over revival plan

Some experts are of the view that the debt-equity swap is only a matter of change in the books of account, and will not necessarily change the quality of Jet's assets

Crisis averted at Jet Airways; pilots defer by 2 weeks decision not to fly

The decision was taken at an open house meeting of NAG members that took place both in Mumbai and Delhi Sunday afternoon

Jet Airways clears pending December salary, pilots say not enough

The pilots union, however, is not happy with the payout and has decided to continue with its call for no flying

200 Jet Airways pilots write to CEO; threaten to go on leave, sue airline

A pilot has informed the CEO that he was planning to go on "leave of absence" starting from April 1

Rescue deal is no panacea for struggling Jet Airways

Jet Airways' investors are cheering this week's government-led rescue deal, but the cash-strapped Indian airline's future looks mired in uncertainty

Members of JetPrivilege should avoid panic spending of air miles: Expert

To avoid risks members should keep using their miles as regularly as they earn them

Suitors for Jet Airways hunt for partners; Naresh Goyal may join race

ADIA, Temasek, Blackstone, TPG sounded out on a joint bid

Crisis-hit Jet Airways delays ECB repayment amid liquidity crunch

This is at least the fourth time that the airline has defaulted on debt repayment in recent months

Bank union to write to govt, RBI against infusing money into Jet Airways

State-owned banks, including State Bank of India and Punjab National Bank, are the main lenders to Jet.

Aviation players unlikely to invest in Jet Airways, may skip bidding

There are six months of salaries to be paid, airport charges to be paid and lessor payments to be made

Jet staff future still up in the air with no surety on career prospects

Jet Airways is flying 30-35 planes now and plans to operationalise an additional 40 grounded planes by April end