Page 24 - Jet Airways

Lenders to cash-strapped Jet Airways weigh open auction process

Stake sale likely to be completed in 2 months; banks to infuse Rs 1,500 cr immediately to restore normalcy

Jet pilots say will have to mortgage car or jewellery to stay afloat

Beleaguered Jet Airways' pilots said on Friday they are suffering from massive financial stress caused by non-payment of salaries for the last three months

Crisis-hit Jet Airways' lenders struggle for consensus on revival plan

Indicating that a rescue plan is extremely tough at this stage, an official in the civil aviation ministry said one should be ready for a scenario without Jet Airways

Jet suspends flights to 13 foreign destinations, scales down 7 routes

The routes where services have been temporarily withdrawn include Pune-Singapore (seven a week), which was launched with much fanfare late last December, and Pune-Abu Dhabi (seven flights a week)

Lenders may pick substantial stake in Jet, wait for new promoters: Report

The process of getting a new promoter on board is likely to take another two to three months and once that happens, the banks would offload their stakes

Jet Airways needs at least Rs 10,000 crore to stay afloat: Industry

The industry reaction comes even as the airline's case is being viewed by top government officials

Qatar Airways denies talks with Jet's Chairman Naresh Goyal, son Nivaan

Jet Airways' chief executive officer Vinay Dube informed pilots earlier this week that the airline is looking for a potential investor

Jet's new flight path

Banks gave too long a rope to promoters

Bank employees oppose lenders' plan to take control of ailing Jet Airways

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

Jet Airways drops to fourth place in market share; pilots write to PM

IndiGo continued its leadership with 43.4% market share in February while Jet Airways slipped to 11.4% share below SpiceJet (13.7) and Air India (12.8)

Banks to take control of Jet Airways cockpit; lenders to infuse Rs 1,200 cr

Naresh Goyal, nominees to step down; lenders to infuse Rs 1,200 cr emergency funds

Govt planning to provide Jet's unused slots to other domestic airlines

Cash-strapped Jet Airways, which is looking to raise fresh funds, has grounded at least 47 planes due to non-payment of lease rentals

10 unanswered questions in the Jet Airways drama

It is no rocket science that quick fixes don't work in any serious business. Jet is no different

How Etihad and Abu Dhabi too are bleeding in the Jet crisis

Etihad is down to its lowest market share in India With Abu Dhabi losing Indian passengers and Indigo becoming more powerful

Explained: Why Qatar is an unlikely suitor for Jet Airways

While Etihad is seeking an exit from Jet, a negotiation between Qatar Airways and Etihad looks impossible given strained relations between the two Gulf nations

Finalise resolution plan by March-end or we'll stop flying: Jet pilots

The decision was taken at the National Aviators Guild annual general meeting in Mumbai on Tuesday

Banks get ready to put in extra money in debt-laden Jet Airways

Etihad Airways keen to sell stake to banks at discounted price

Banks may infuse funds into Jet Airways if major shareholders pledge shares

Founder Chairman Naresh Goyal and his family owns around 52% stake in Jet Airways while Etihad, a strategic partner, has 24% shareholding

Jet Airways now operating only 41 aircraft, could reduce further: DGCA

The airline cannot put pilots and cabin crew on duty if they have reported stress of any kind, it said

Govt asks banks to save Jet Airways from bankruptcy ahead of polls: Report

India is gearing up for Lok Sabha Elections starting April 11