Jet Airways | The Asian Age

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Saddled with debt of about USD 1.14 billion, Jet Airways has been hit by price competition, rupee depreciation and high oil costs. (Photo: File)

Jet Airways grounds four aircraft after failing to pay lessors

Jet Airways Ltd has grounded four aircrafts after failing to make payments to lessors.

08 Feb 2019 1:58 PM

Amid the cash crunch, the airline is making delayed payment of salaries to many of its staff.

Jet Airways board meet on Feb 14 to approve Dec quarter results

Cash-starved Jet Airways has mopped up Rs 250 crore from advance sale of tickets to its customer loyalty programme Jet Privilege.

08 Feb 2019 1:56 PM

Airline will seek approval for conversion of loans into shares, among other proposals, at the meeting of shareholders to be held on February 21.

Jet Airways pilots may take final call on salary payment delays in march

Jet Airways has been making salary payments to many of its employees, including pilots, in a staggered manner, amid financial crunch.

06 Feb 2019 4:21 PM

SBI set to own 15 pc of Jet Airways after debt for equity swap: reports

Jet Airways would seek a shareholder nod next month to convert existing debt into equity,

29 Jan 2019 4:16 PM

Upon inquiry, the accused said he was to hand over these gold bars to a person waiting outside Aerocity Metro station.

Jet Airways staff among 3 held for smuggling gold

In another case, a man was intercepted by the customs officials after his arrival from Dubai on January 23.

26 Jan 2019 5:43 AM

Etihad has sought various relaxations, including exemption from possible open offer in case it infuses more funds into Jet Airways.

Sebi says no reference received on relaxing rules in Jet Airways matter

Jet Airways is looking to raise fresh funds, including from strategic partner Etihad.

24 Jan 2019 1:47 PM

Goel was willing to step aside from Jet Airways’s board and chairmanship only if Etihad enhanced its quote for Jet shares.

SBI chief to seek open offer exemption for Etihad Airways

Banking sources divulged that Etihad was unwilling to pay beyond Rs 150 per share for the cash-strapped Jet Airways.

24 Jan 2019 10:41 AM

There are rising concerns over financial health of Jet Airways, whose shares have also taken a beating at stock exchanges.

Lenders considering resolution plan for Jet Airways: SBI

Shares of the airline are trading 4.24 per cent lower at Rs 259.50 apiece on BSE.

17 Jan 2019 11:51 AM

Jet and Etihad representatives are due to meet in Mumbai with lenders, led by SBI.

Etihad offers to invest in Jet Airways at 49 per cent discount: report

Etihad is required to make an open offer to shareholders for a majority of the shares once its stake goes past 25 per cent.

16 Jan 2019 1:23 PM

The UAE, together with Saudi Arabia, Egypt and Bahrain have banned Qatar Airways since June of that year as part of the dispute.

Qatar Airways CEO: Not interested in Jet Airways as backed by 'enemy' state

Abu Dhabi is part of the United Arab Emirates that cut ties with Qatar in 2017 over accusations of supporting terrorism.

15 Jan 2019 4:09 PM

Etihad, also said Jet’s founder and chairman, 69-year old Naresh Goyal, was likely to step down from the board and give up majority control.

Etihad to raise stake in cash-strapped Jet Airways: source

Etihad’s stake will be capped at 49 per cent given foreign ownership rules in Indian airlines.

15 Jan 2019 11:10 AM

Jet’s main lender State Bank of India sought to provide reassurance that India’s biggest full-service carrier is doing all it can to pay its staff, suppliers and creditors. (Photo: AFP/File)

Lessors to troubled Jet Airways consider taking back planes: sources

The airline is working on its turnaround strategy and updating its partners, in real time, on efforts taken to improve its liquidity.

12 Jan 2019 12:05 PM

The airline has to make large debt repayments over the next few years, starting with about 17 billion rupees ($242 million) by the end of March.

Jet Airways proposes late debt repayments to creditors: document

Jet met with lenders, lessors and vendors in India on Tuesday to discuss its financial situation and a debt-repayment plan.

10 Jan 2019 1:23 PM

Jet Airways and SBI did not immediately respond to Reuters’ request for comment.

Indian banks propose USD 900 million turnaround plan for Jet Airways: report

Naresh Goyal and Etihad Airways are likely to infuse USD 450 million together in Jet Airways.

09 Jan 2019 11:00 AM

The bankers are being called to the meeting to reassure the creditors, some of whom are expected to come to India from overseas

Jet Airways, bankers to meet airline's vendors to discuss debt plan: sources

Jet Airways is close to reaching a deal with State Bank of India for a fresh loan of 15 billion rupees.

05 Jan 2019 10:37 AM

Tata group termed its talks with Jet for acquiring a majority stake as preliminary after remaining silent for a few weeks.

Etihad may come to rescue for Jet

Its desperate attempts to raise funds failed miserably eventually leading to its closure.

06 Dec 2018 1:20 AM

Jet Airways has reduced its base fares for both domestic and international travel across.

Sale offer: Jet Airways cuts base fares by up to 30 per cent

The travel period for the bookings availed under the discounted fares range from December 5 to September 30, 2019.

05 Dec 2018 5:04 PM

Jet Airways, which is the country's biggest full service carrier by market share, is in desperate need of cash. (Photo: File)

Etihad, Jet Airways in talks on rescue plan: report

Etihad Airways is also considering investing fresh funds in Jet Airways if it can agree on the structure.

05 Dec 2018 10:54 AM

Jet Airways has said that the flights were cancelled over an "unforeseen operational circumstance" and not because of the protest by pilots. (Photo: Twitter | @jetairways)

Jet Airways cancels 14 flights as pilots call in ‘sick’: report

Jet Airways has partially paid salaries of these staff members for September even as full salaries of October and November remain unpaid.

03 Dec 2018 10:08 AM

Goyal agrees to sell controlling stake in Jet Airways

Jet Airways is desperately looking for a buyer to raise funds for survival.

29 Nov 2018 11:14 AM

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Sanjeev Ahluwalia