Page 34 - Jet Airways

Jet Airways shares gain amid reports of sale talks with Tatas resuming

he stock gained 2.05 per cent to end at Rs 255.90 on BSE

Jet Airways up 15% in two days amid reports Tata Group to buy 51% stake

The stock was up 5% to Rs 264 on the BSE, trading at its highest level since September 19, 2018.

Tata Group in talks to buy a majority stake in Jet Airways: Report

Tata already owns two airline ventures in India - full-service carrier Vistara, in partnership with Singapore Airlines and AirAsia India, along with AirAsia Berhad

Want last year's bonus, sell our tickets: Jet Airways tells travel agents

Jet's move is seen as unprecedented because the bonus is paid upon the completion of sales target after the close of the financial year

Jet Airways to pay second 25% instalment of September salary today

A 25 per cent instalment was paid last month

Jet Airways passengers lose complimentary lounge access at Mumbai airport

Sources said Jet Airways was in negotiation with the Mumbai lounge operator to reduce charges for use of facilities

Few aircraft lessors have sent notices for payment defaults: Jet Airways

Jet Airways clarified that it is 'current on its payments to the Airports Authority of India (AAI) and no show cause notice has been received by the company from the AAI'

Jet Airways to start direct Mumbai-Manchester flights from November 5

Besides Mumbai-Manchester, the airline would operate flights on the Pune-Singapore route starting from December 1

No end to Jet Airways' free fall: Will the airline go Kingfisher's way?

Jet has been in restructuring mode for the past 5 years with no signs of a turnaround

When the founder flounders

As Jet struggles, Naresh Goyal's days at the airline's helm look numbered

Jet Airways defaults on lease rentals, receives notice from AAI on dues

Lessors have also served notices for payment default and indications are the airline may return five-seven of its older Boeing 737 planes to resolve the dispute

Jet stake sale: Naresh Goyal, Tata's senior representatives meet in London

The Tata group, which owns two joint venture airlines (AirAsia and Vistara), has evinced interest in acquiring a majority stake in Jet

Jet Airways fires 20 employees to curtail costs amid severe cash crunch

The airline reportedly had recently asked 15 managerial level employees from various departments including engineering, security and sales, to leave the company

Three senior executives quit Jet Airways amid worsening financial situation

The exits come as the airline is struggling to pay salaries and vendors on time

Jet Airways seeks loan moratorium, fresh funds in struggle for survival

The carrier was one of the first to take off in the early 1990s after India opened up aviation to non-state carriers

Airline consolidation may not ease pricing pressures; Jet stock falls

Higher capacity addition would leave little room for rate rationalisation

Jet, SpiceJet seek lease rent moratorium amid weak rupee, high oil prices

To avoid a default on loan payments, Jet Airways and SpiceJet have sought a moratorium on lease rent payment.A weakened rupee, surge in crude oil prices and inability to raise fares have put pressure on all airlines, tightening their liquidity situation. In this backdrop, rating agencies have downgraded the debt of all three listed airlines, including that of IndiGo, the market leader. CRISIL has downgraded the rating of SpiceJet's Rs 14.45-billion debt, from the earlier BBB to one of BB-minus. ICRA has downgraded the rating for IndiGo's Rs 80-bn loan to A+ from the earlier AA. A SpiceJet spokesperson said the airline had secured a one-time relief of two to three months from a lessor. "The rating downgrade is an industry phenomenon and we continue to outperform the industry on financial metrics," the spokesperson added. Jet Airways did not respond to a query but sources said it had sought discounts and easier payment terms, including 60-90 days of moratorium on its lease ...

Jet Airways' plan to lease regional jets to TruJet hits regulatory hurdle

TruJet, which operates its services on regional and Udan routes from Hyderabad to various destinations, has an all-ATR fleet

Jet Airways curtails flights to save cash, 20-30 cancellations daily

Aviation analysts point out to the grounding of planes and poor seat loads as probable reasons for cancellations

Tatas eye stake in Jet Airways: Here's why the deal may not fructify

Tata Group is reportedly looking for a significant stake in Jet Airways