Page 6 - Jet Airways

Kalrock-Jalan consortium to invest Rs 1,375 crore in debt-laden Jet Airways

The amount would be utilised for start-up expenses and paying creditor dues, it is learnt

NCLT rejects applications seeking copy of Jet Airways' resolution plan

In January, the Jet Airways Aircraft Maintenance and Engineers Workers Association (JAMEWA) had filed an application in the NCLT to expedite the insolvency process of the grounded airline

Tribunal rejects petition by employees of debt-laden Jet Airways

A committee of creditors had, in October, approved of the resolution plan submitted by UAE businessman Murari Lal Jalan and Kalrock Capital

Top headlines: RBI buys bonds, Tatas outdo Sensex under Chandrasekaran

The Reserve Bank of India (RBI) bought about Rs 26,000 crore of bonds from the secondary market anonymously on February 12, a day after it bought Rs 20,000 crore as part of its announced OMOs

Govt has assured we will get back slots of Jet Airways: Murari Lal Jalan

In a Q&A, the UAE-based acquirer of the bankrupt airline, dwells on the opportunities he sees in restarting it

Jalan-Kalrock expects to restart Jet Airways in 4-6 months after NCLT nod

Jalan Kalrock Consortium, the winning bidder for Jet Airways, expects to restart operations of the defunct airline in four to six months after receiving approval from the NCLT for its resolution plan.

GoAir's chances of thriving may depend on the promoters taking a back seat

GoAir's failure to retain senior management has been ascribed to the classic weakness of Indian promoters

Grounded airline Jet Airways reports Rs 2,841 cr loss for 2019-20

During the 2019-20 financial year, the airline had a total income of Rs 354.2 crore, the company said in a filing to the BSE

Kalrock-Jalan consortium confident of getting NCLT nod for Jet revival plan

The consortium wants to restart Jet Airways as a full service airline with bases in Mumbai, Delhi and Bengaluru

Jet Airways engineers' body files NCLT application for quick resolution

The Jet Airways Aircraft Maintenance and Engineers Workers Association (JAMEWA) has filed an application with the NCLT to expedite the insolvency process of the airlines

RBI tweaks FEMA regulations, gives wings to recycling of aircraft

Till now, export of planes in knocked-down condition was not allowed

Low price denomination stocks dominate investor interest, shows data

Thirty-nine, including Subex, McLeod Russel, Jet Airways, Jain Irrigation Systems, and Sintex Plastics Technology, have surged more than 5x during this period

Revival hopes fuel 500% surge in Jet Airways stock since September 2020

Analysts, however, advise caution against excessive speculation in the counter

NCLT issues notice to DGCA, MoCA to clear stance on Jet Airways' slots

Jet was grounded on April 17 due to liquidity crisis and subsequently went into administration in June 2019

Jet Airways, Vakrangee and 27 other stocks gain over 100% in one month

Shares of Jet Airways (India) were locked in the 5 per cent upper circuit band for the eighth straight day, surging 102 per cent in the past one month

Sensex ends volatile session 182 points higher; PSU bank stocks surge

All that happened in the markets today

Jet Airways may resume operations next year: Jalan-Kalrock consortium

The consortium of UAE-based businessman Murari Lal Jalan and London's Kalrock Capital - which has won the bid to revive Jet Airways - on Monday said it expects to start operating the airline by the summer of 2021. The consortium is awaiting the NCLT and other regulatory approvals, including reinstatement of slots and bilateral traffic rights by the civil aviation ministry and Directorate General of Civil Aviation (DGCA). It is also planning to launch dedicated freighter services once the carrier takes off the ground again. The committee of creditors (CoC) has already approved the airline's revival plan submitted by the consortium in October. Jet Airways was grounded on April 17 due to liquidity crisis and subsequently went into administration in June 2019. "As per the resolution plan, Jet Airways intends to operate all of its historic domestic slots in India and restart international operations. The Jet 2.0 program is aimed at reviving the past glory of Jet Airways, with a fresh s

Top headlines: Jet to resume all services in 2021; DFI tag for IIFCL

From Jet Airways planning to resume all services in 2021 to FinMin proposing DFI tag for IIFCL, here are top headlines this morning

Jet Airways plans to resume as full-service airline in summer of '21

For businessman Murari Lal Jalan and consortium partner Kalrock, reviving airline is an opportunity

Best of BS Opinion: Uncertain times for India, Covid-19 vaccine, and more

Here's a selection of Business Standard opinion pieces for the day