Jet Airways | The Asian Age

Saturday, May 04, 2024 | Last Update : 03:54 AM IST

Jet Airways Page-10

The aviation turbine fuel (ATF) price increased by 8 per cent month on month.

Air passenger traffic growth slows

The stock of SpiceJet zoomed 7.04 per cent to Rs 98.10. Intra-day, it rose 14.23 per cent to touch a high of Rs 104.70.

23 Mar 2019 1:56 AM

SpiceJet could also benefit from cash-strapped Jet Airways being forced to ground planes, and is in talks with lessors to lease some of those aircraft. (Photo: PTI/Representational)

SpiceJet in talks with lessors to induct aircraft

Alrline looks to fill a gap after the grounding of its Boeing MAX 8 fleet.

22 Mar 2019 2:38 PM

Jet and SBI did not immediately respond to requests for comment.

India state banks want Jet Airways' Goyal to reduce stake to 10 pc: report

government has asked state-run banks, led by SBI, to rescue Jet without pushing it into bankruptcy.

22 Mar 2019 9:44 AM

The Naresh Goyal-led Jet Airways is facing the worst financial crisis of its 25-year existence with more than one billion dollars of debt.The Naresh Goyal-led Jet Airways is facing the worst financial crisis of its 25-year existence with more than one billion dollars of debt. (Representational Image)

'Airline on verge of collapse': Jet pilots write to PM over payment of salaries

Two days ago, they had threatened to stop flying from April 1 if their pending salaries are not cleared by March 31.

21 Mar 2019 1:34 PM

There were media reports that Etihad has approached the SBI to purchase its 24 per cent stake in the airline.

Lenders propose to revive Jet Airways by management change: source

Jet Airways has a debt of over Rs 8,200 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.

21 Mar 2019 11:02 AM

The grounding of aircraft by crisis-hit Jet Airways, grounding of Boeing MAX 737 planes by SpiceJet and curtailed schedule of IndiGo, among other factors.

Working with all airlines to provide sufficient capacity: Civil aviation ministry

All airlines are required to follow Passenger Charter requirements fully and comprehensively.

21 Mar 2019 9:41 AM

Jet's troubles, have buoyed up the shares of SpiceJet and InterGlobe Aviation, parent of IndiGo.

Hectic efforts on to save Jet Airways

SBI Chairman, Aviation Secretary and Principal Secretary to the PM met Finance Minister on Wednesday.

21 Mar 2019 1:01 AM

Lenders to make every effort to keep Jet Airways flying: SBI

Pilots union of Jet Airways had threatened to stop flying from April 1 if their salaries are not paid by Mar 31.

20 Mar 2019 4:39 PM

SpiceJet and Jet Airways are the only carriers in India that operate this type of aircraft and have a total of about 400 on order.

SpiceJet in talks to lease some of Jet Airway's grounded planes: source

SpiceJet last week was forced to ground its 12 Boeing Co 737 MAX 8 planes by India’s aviation watchdog.

20 Mar 2019 4:06 PM

Mounting troubles dented the stock, with shares falling as much as 6.9 per cent to 213.35 rupees, in their biggest daily percentage fall in over a month.

Jet Airways shares drop as crisis deepens

The government has asked state-run banks to rescue the airline without pushing it into bankruptcy.

20 Mar 2019 12:12 PM

New Delhi is also backing a proposal for Jet’s founder and Chairman Naresh Goyal to step down if it means saving the airline. (Photo: AFP/File)

Government asked banks to save Jet, avoid bankruptcy: sources

jet airways saddled with more than 1 billion dollars of debt.

19 Mar 2019 2:45 PM

The minister's direction came in the wake of the airliner drastically reducing its operations due to liquidity crunch.

Government calls for emergency meeting on Jet Airways

Jet Airways engineers' body wrote to aviation regulator DGCA, seeking its intervention in the recovery of their salary dues.

19 Mar 2019 1:10 PM

Cash-strapped Jet Airways had on Monday said it had grounded four more planes, taking the number of aircraft that are non-operational due to non-payment of lease rentals to 41. (Photo: Twitter | @jetairways)

Flight safety is at risk: Jet Airways engineers' union to DGCA

It has been arduous for us to meet our financial requirements, which has adversely affected psychological condition, union said.

19 Mar 2019 12:15 PM

According to the official, after the Directorate General of Civil Aviation (DGCA) grounded all 12 of SpiceJet’s 737 Max aircraft on March 13 following the Ethiopian Airlines crash, that killed 157 people, the problem of rising airfares in Indian market has “aggravated”.

DGCA meeting on high airfares today

According to its website, the airline has a fleet of 119 planes.

19 Mar 2019 1:58 AM

Cash-crunched Indian carrier Jet Airways Ltd said on Monday it will delay paying interest to its debenture holder. (Photo: Twitter | @jetairways)

Jet Airways delays payment to debenture holder

Jet has been saddled with debt of over USD1 billion due to tight competition and rising fuel costs.

18 Mar 2019 11:50 AM

The Jet Airways board had on 14 February approved a bailout plan whereby the lenders led by the State Bank of India (SBI) would become the largest shareholders in the airline by converting the airline's debt into equity at a nominal price of Re 1. (Photo: File | AP)

Jet Airways grounds its operations in Abu Dhabi Airport

Jet Airways has a debt of over Rs 8,200 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.

18 Mar 2019 11:23 AM

Jet has delayed payments to its pilots, suppliers and lessors for months and defaulted on loans after racking up over USD 1 billion in debt. (Reprsentational Image)

Jet Airways pilots seek Centre's help to recover unpaid salaries

National Aviators Guild has asked that the airline immediately pay their outstanding salaries and allowances till date with interest.

16 Mar 2019 8:54 AM

Jet Airways has a debt of over Rs 8,000 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.

Decision on funding to Jet Airways will be on collective basis, says PNB

The airline has already defaulted on repayments on external commercial borrowings due to the paucity of funds.

14 Mar 2019 3:22 PM

On Monday HDFC Life Insurance informed stock exchanges that one of its promoters, will sell stake through an offer for sale on March 12, and the floor price for the sale will be Rs 357.50 per share.

HDFC Life shares tank over 5 per cent

The offer price being 8.2 per cent below Monday's closing price at Rs389.8 led to sell off.

13 Mar 2019 2:59 AM

After the crash in Ethiopia, Boeing, on Sunday, said it was deeply saddened to learn of the passing of the passengers and crew on Ethiopian Airlines Flight 302, a 737 MAX 8 aeroplane.. (Photo: File | AP)

Only pilots with 1,000 flying hours for Boeing 737 MAX planes: DGCA

Currently SpiceJet and Jet Airways own and fly a number of Boeing 737 MAX aeroplanes in India.

12 Mar 2019 11:28 AM

10 of 21

Columns

Shobhaa De