Page 28 - Jet Airways

Jet Airways cancels more than 10 flights due to operational reasons

On February 7, the airline said four of its aircraft have been grounded due to non-payment of lease rentals

Jet Airways grounds four planes following non-payment of lease rentals

Faced with acute financial problems, the airline is looking to restructure debt and raise fresh funds

Jet crisis: Efficient operations duty of individual airlines, says govt

Jet Airways is looking to restructure debt as well as raise funds

Debt-ridden Jet Airways sells loyalty miles to raise Rs 250 crore

'This amount will help to run the operations'

Naresh Goyal to infuse around Rs 250 crore into debt-ridden Jet Airways

Naresh Goyal owns 51 per cent in the airline and is currently in Abu Dhabi to finalise a resolution plan

Jet Airways lenders to restructure its loans under Sashakt scheme: SBI

Recently, Jet Airways has been in a tight spot financially as a rescue plan is said to be stitched between its partner Etihad and a consortium of banks

Jet Airways loan recast to be under Sashakt scheme: SBI Chief Rajnish Kumar

The 'Sashakt' plan for resolution became operational in December 2018 after months of delay

Jet Airways soars 19% on Etihad bailout plan acceptance report

According to the proposed deal, Founder Chairman Goyal will step down from the board of directors and relinquish his decision-making powers, said a Business Standard report

Close to finalising resolution plan, says Jet Airways CEO Vinay Dube

He said that the airline will come out of current set of challenges

Debt-laden Jet Airways accepts Etihad bailout plan, may sign MoU soon

The final agreement is expected to push up Etihad Airways' stake to around 40 per cent from the current 24 per cent

Jet Airways reinstates three aircraft into fleet post engine work

The cash-strapped airline on Wednesday said it had grounded eight aircraft, of which three were temporarily grounded for engine normalisation

DGCA questions Jet Airways on flight schedule after grounding of planes

Beleaguered airline has also been unable to stick to payment schedule committed to pilots and engineers. On Wednesday pilots got only 50% of November salary against 75% committed

SBI likely to own 15%, Etihad Airways 40% of debt-hit Jet Airways: Report

Jet said it would seek shareholder approval next month to convert debt into equity, increase its share capital and allow lenders to nominate a director on its board

Lessors move to ground Jet Airways planes, GECAS takes first step

An executive of a private carrier said that default by the airline forcing a lessor to take such a drastic action would weigh heavy on the entire Indian aviation sector

Jet Airways to cancel 15 flights today, 6 Boeing 737 planes grounded

According to sources, Jet Airways, which is grappling with acute financial woes, cancelled around 20 flights on Tuesday

State Bank of India poised to control 15% in debt-laden Jet Airways

Under a new rescue proposal for India's biggest full-service airline, founder Chairman Naresh Goyal's stake would fall below 20 per cent from 51 per cent currently

Jet Airways forced to ground three planes on lease rental default

The number of aircraft on ground due to non-payment of lease rentals by the carrier now stand at six in the last two days

Jet Airways seeks shareholders' nod to turn debt into equity, EGM on Feb 21

According to a revised plan, founder-chairman Naresh Goyal's stake in the airline could go down to 16-18%

Jet Airways seeks shareholder approval for converting debt into shares

The airline will also seek approval for their lenders to appoint a nominee director to the board

New plan for Jet's recast on anvil; Naresh Goyal's stake may go below 20%

Etihad Airways, which holds 24% in Jet at present, may up its stake to close to 40% in the airline; EGM scheduled for February 21