Page 9 - Jet Airways

Jet Airways stake sale: Lenders to invite fresh expression of interest

The committee of creditors (CoC) of Jet is likely to come out with a revised EoI for the stake sale in the defunct airline on Wednesday, said a source.

Jet lenders to take a call on fresh EoIs, voting to conclude by May 18

If lenders favour fresh EoIs, this will be the third time they would have called for EoIs. No positive result in previous two attempts as no party came forward with a concrete plan

Seven major evacuation operations conducted in India's history

Listen to the podcast to know about the first leg of India's coronavirus evacuation that kick-starts tomorrow and also take a look at 7 major evacuation operations carried out in India's history

Sebi plans to ease fundraising norms for listed stressed companies

Currently, the pricing covers a period of 26 weeks or more for frequently traded shares

Airlines seek 6 month lease rent deferral, rates reduction to cut costs

Aircraft lease rentals account for around 15 per cent of an airline's overall expense and since these are paid in dollars are also subject to currency fluctuation.

A year after, Jet Airways' lenders and employees still await payments

The airline operated its last flight between Amritsar-Mumbai on April 17 last year as lenders turned down its demand for an emergency funding

YES Bank case: Jet Airways founder Naresh Goyal appears before ED in Mumbai

Jet Airways' loan exposure to the crisis-ridden Yes Bank is about Rs 550 crore.

NCLT grants 90-day extension to Jet Airways for resolution process

This is an exceptional case of extension beyond the 330-day limit under the insolvency and bankruptcy code.

Jet Airways RP files plea seeking 90 days extension for bids from NCLT

The cash-strapped airline, which was grounded in April 2019, owes more than Rs 8,000 crore to banks, with those from the public sector having significant exposure

Jet Airways CoC to seek 2-month extension from NCLT for submission of bids

The CoC may seek an extension in the deadline in the face of no potential bidder coming forward and also due to the ongoing coronavirus concerns

Jet Airways lenders to seek 90-day extension for resolution process

An extension of up to 90 days may be sought from the National Company Law Tribunal

Top events of the day: FM to take stock of PSBs merger preparedness

From Jet Airways' creditors meeting to India vs South Africa first ODI at Dharamshala, Business Standard brings you the top news events of the day to watch out for

No resolution plan yet for Jet Airways; lenders to take a call on March 12

Under the insolvency and bankruptcy code (IBC), the amended maximum time limit for completion of CIRP has been set at 330 days, which includes the litigation period.

ED grills ex-Jet Airways chief Naresh Goyal, asks him to appear on Friday

This will be the third consecutive day of questioning. On Wednesday, he was summoned to ED Mumbai's office, where he was interrogated for four hours and taken to his residence later in the evening

ED files fresh money laundering case against Jet Airways, Naresh Goyal

Earlier, the financial probe agency had registered a case of Foreign Exchange Management Act violations against the airline and Goyal last year

Air France, Virgin Atlantic add India flights, fill gap left by Jet Airways

Both carriers are part of Delta-led JV that controls 23% of passenger and cargo capacity between Europe and US

Air India sale: Non-commitment to protect global routes a deal dampener?

Govt will retain Air India's international bilateral flying rights for only six months which may dis-incentivise potential buyers if the rights are re-allocated to other airlines after that

Top 10 biz headlines: Jet gets another EoI, PFC-REC merger stuck, and more

This is the third EoI that Jet has received in the second round of bidding

Beleaguered Jet gets another EoI; CoC extends deadline for resolution plan

The other two entities which have expressed interest in reviving Jet are New Delhi-based Prudent ARC and South America's Synergy Group

Jet Airways COC extends deadline for submitting resolution to March 9

The meeting took place in the backdrop of two suitors, showing interest in the grounded airline but failing to submit a resolution plan for bid submissions on Monday