Jet Airways | The Asian Age

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Jet Airways Page-11

Jet is struggling to make payments to banks, aircraft leasing companies, vendors and pilots.

Jet Airways denies report of new USD 293 million loan from PNB

Jet Airways is saddled with more than a billion dollars in debt and its shares jumped 4.8 per cent.

12 Mar 2019 9:22 AM

Etihad board is meeting in Abu Dhabi Monday to discuss the resolution plan for Jet in which it owns 24 per cent stake since April 2014. (Photo: File)

Naresh Goyal seeks Rs 750-cr lifeline from Etihad, warns delay may ground Jet

Goyal said the airline has also secured the go-ahead from the aviation ministry to pledge its shares for securing the interim funding.

11 Mar 2019 6:25 PM

Jet Airways and SpiceJet fly Boeing 737 MAX planes. (Representational Image)

Post Ethiopia crash, Jet, SpiceJet to be asked for details on plane model

DGCA would seek information from plane maker Boeing and Indian carriers operating Boeing 737 MAX planes in India, according to the official.

11 Mar 2019 9:42 AM

“We have grounded our aircraft, we have control over our aircraft, but we have not terminated the leases and we are waiting for the airline to approve all its restructuring with the State Bank of India,” said FLY Leasing CEO Colm Barrington. (Photo: PTI/File)

Jet Airways planes to be redeployed if no restructure agreed this month: lessor

The grounding of nearly one-quarter of the airline’s fleet has led to cancellation of hundreds of flights and complaints from customers.

08 Mar 2019 1:03 PM

According to Jet Airways website, the airline has 119 aircraft in its fleet.

Only 70 out of 119 Jet Airways aircraft operational: DGCA official

The official described the situation as 'dynamic', indicating more aircraft of Jet Airways could be grounded.

07 Mar 2019 5:10 PM

Jet Airways chairman Goyal urges employees to bear with him in difficult situation

Jet Airways has been grappling with financial woes and is looking to rejig debt as well as raise funds.

02 Mar 2019 12:19 PM

Generally, when an airline cancels a flight due to some exigencies, other airlines accommodate the former’s passengers in their flights.

Air India to not accept passengers with cancelled tickets of Jet Airways

Jet is trying to raise funds for its operations as it has a debt of around Rs 8,200 crore currently.

02 Mar 2019 10:35 AM

The airline was also forced to ground another six planes on Thursday due to non-payment of dues to lessors. (Photo: File)

Jet Airways founder agrees to step down, sources say; shares rise

Shares of Jet rose as much as 7 per cent in early trade on Friday.

01 Mar 2019 1:27 PM

Shares of the company dropped 6.15 per cent to Rs 211 on BSE.

Jet Airways shares plunge over 6 pc after co grounds 7 more planes

So far this month, as many as 13 planes of the company have been grounded on account of non-payment of rentals to lessors.

28 Feb 2019 12:14 PM

Shareholders of the airline have approved conversion of loans into equity and other proposals last week. (Photo: File)

Jet Airways, Etihad Airways say Jet will re-emerge as viable, robust airline

Jet Airways has been grappling with financial woes and is looking to rejig debt as well as raise funds.

25 Feb 2019 7:44 PM

A consortium of banks, led by the SBI, has extended loans to Jet Airways, which is looking to rejig debt and raise funds.

Jet Airways shares fall 3 pc on reports of SBI mulling moving NCLT against airline

Shareholders of Jet Airways had approved conversion of loan into shares and other proposals during the extraordinary general meeting.

25 Feb 2019 3:30 PM

The carrier, which has more than 200 planes, operates over 1,300 daily flights. (Representational Image)

IndiGo plans services to China, Vietnam, Myanmar, other countries

IndiGo is the country's largest domestic carrier with a market share of 42.5 per cent in January.

25 Feb 2019 3:04 PM

Saddled with a billion dollars in debt, Jet has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.

SBI says reports of taking Jet Airways to NCLT ‘speculative’

Reports earlier said SBI was mulling moving the NCLT to recover its loans from Jet Airways.

25 Feb 2019 2:07 PM

The plan will mean the lenders will have a bigger holding than any other shareholder. (Photo: File)

Shareholders of Jet Airways approve debt-for-equity swap

Jet’s board last week approved a plan by lenders, led by State Bank of India, for an equity infusion, debt restructuring and the sale.

23 Feb 2019 4:02 PM

The budget airlines that ruined the business models of full-service airlines in cutthroat competition following the Indigo model are themselves facing headwinds.

Is Jet Airways’ bailout in the national interest?

Not a financial quarter passes without an European budget airline caving in.

23 Feb 2019 12:38 AM

Jet shareholders will vote later on Thursday to provide general approvals for a debt-to-equity swap.

Lessors doubt Jet Airways rescue plan, pull out more planes: sources

Jet has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.

21 Feb 2019 3:18 PM

Jet, which had debt exceeding 80 billion rupees (USD 1.12 billion) as of September-end, has been steadily losing market share to its rival.

Debt-laden Jet Airways edges closer to safety

The airline has also seen its share price suffer as it navigated through several negotiations with its lenders and shareholders.

21 Feb 2019 10:25 AM

The gold bars of 99.9 per cent purity were found inside the pockets.

Sri Lankan couple uses kid to smuggle gold, arrested by Air Intelligence Unit

The couple’s travel history revealed frequent and very short trips to locations including Singapore.

19 Feb 2019 6:40 AM

On February 14, Jet Airways' board approved a Bank-Led Provisional Resolution Plan (BLPRP), whereby lenders would become the largest shareholders in the airline. (Photo: File)

Jet Airways likely to get over Rs 3,000 cr funds

Abu Dhabi-based Etihad, is a strategic partner and is expected to pump in around Rs 1,400 crore.

17 Feb 2019 5:07 PM

Total expenses in the third quarter shot up to Rs 6,786.15 crore compared to Rs 6,042.58 crore a year ago.

Lenders to turn largest shareholders in Jet Air

The resolution plan involves infusion of funds, monetisation of assets and restructuring of debt.

15 Feb 2019 2:01 AM

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Shobhaa De