Jet Airways | The Asian Age

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Jet Airways Page-8

"Jet is currently flying less than 50 domestic flights. The airlines has 16 aircraft available with them for flying," an official said.

Jet Airways currently flying less than 50 domestic flights: DGCA official

The Prime Minister's Office has called an urgent meeting to discuss the situation, official sources said.

13 Apr 2019 1:51 PM

According to sources, the meeting has been called after Civil Aviation Minister Suresh Prabhu asked the secretary of the department to review issues concerning Jet Airways. (Image: File)

PMO calls urgent meeting to discuss situation in Jet Airways

Crisis-hit Jet Airways is facing acute financial crunch and has grounded several of its flights and stopped international operations.

12 Apr 2019 7:14 PM

Jet was the largest domestic carrier operating in the international sector with a hub in Amsterdam. (File Photo)

Jet extends suspension of international ops till Monday

Jet Airways, facing its worst existential crisis in it’s over 25-year-old history, extended suspension of its international operations.

12 Apr 2019 6:18 PM

According to airline sources, Jet Airways will operate only 9 planes -- two Boeing 737s and seven regional Jet ATRs. (Photo: AFP/File)

Prabhu directs civil aviation secretary to review Jet Airways' issues

Airline now owes more than Rs 3,500 crore to passengers on account of flight cancellations alone.

12 Apr 2019 11:35 AM

Jet Air has also grounded its services to and from the East and Northeast regions.

Jet cancels flights on international routes

The Civil Aviation Ministry is awaiting a report from the regulator DGCA on the issue.

12 Apr 2019 1:58 AM

Former Jet Airways chairman Naresh Goyal.

Naresh Goyal may submit bids for stake in Jet Airways

The airline currently owes Rs 8,000 crore to lenders, led by the SBI.

11 Apr 2019 1:13 PM

Many lessors have taken possession of planes after the airline failed to pay rents. (Photo: Twitter | @jetairways)

SBI extends date for deadline for stake sale in Jet Airways

Qualified bidders will be expected to submit their respective binding bid(s) latest by April 30.

11 Apr 2019 11:15 AM

Sources said several investors have made enquiries about the stake sale.

Deadline for Jet bids extended to Friday

The deadline was to end on Wednesday.

11 Apr 2019 1:04 AM

Shares of Jet Airways declined 1.59 per cent to close at Rs 263.40 on the BSE on Wednesday. (Photo: File | ANI)

Jet Airways: Consortium bidders to submit individual solvency certificates

SBI-led consortium of domestic lenders are implementing a debt resolution plan for Jet Airways.

10 Apr 2019 7:42 PM

According to reports, Jet Airways has a debt of more than Rs 8,500 crore besides unpaid dues to aircraft lessors, employees and suppliers. (Representational Image)

Jet Airways CEO served legal notice by pilots over salary delay

The National Aviator's Guild has threatened to initiate legal action unless the Jan-March salaries of the pilots are cleared by April 14.

10 Apr 2019 9:02 AM

Shares of Jet Airways closed 3 per cent higher at Rs 264.

Lenders offer 75 per cent stake in Jet Airways

Private equity funds and sovereign wealth funds are also eligible for placing their bids, which have opened on Monday.

09 Apr 2019 1:36 AM

Jet’s lenders last month agreed to bail out the airline in a complex deal that involved the banks taking a temporary majority stake in the company. (Photo: AFP/File)

Jet Airways lenders lay out bid terms for 75 per cent stake in airline

Jet’s lenders, under the proposed bailout terms, would hold just over 50 per cent of the airline.

08 Apr 2019 1:08 PM

The bids have to be submitted by April 10. (Photo: Twitter | @jetairways)

SBI seeks bids for cash-strapped Jet Airways

Jet Airways, is looking for

08 Apr 2019 9:52 AM

Under the debt resolution plan approved by the Jet Airways' board on March 25, lenders have taken majority stake in the airline and are set to infuse Rs 1,500 crore funds. (Photo: File | ANI)

Bidding process for Jet Airways likely to begin from April 8

SBI is the lead lender to Jet Airways, which has a debt burden of Rs 8,000 crore.

07 Apr 2019 5:14 PM

Once a plane is de-registered, the lessors are free to take them out of the country and lease them to other airlines. (Photo: AFP/File)

Lessors to Jet Airways plan to de-register more planes in coming days: sources

About 6 of Jet’s lessors are likely to apply to the DGCA to de-register up to 15 of the grounded planes.

05 Apr 2019 2:52 PM

Acute financial crunch has forced the airline to ground aircraft, cancel flights and delay payment of salaries, including to pilots. (Photo: AFP/File)

Jet Airways shares trade marginally lower in morning session

The scrip was down at Rs 259.15 after opening at Rs 264 on the BSE.

05 Apr 2019 11:18 AM

Jet Airways is suffering bruising competition from low-cost airlines, fluctuating crude prices and a weak rupee. (Photo: Twitter | @jetairways)

Fuel supply to Jet Airways stopped at Delhi airport due to non-payment of dues

Fuel supply was stopped at 5 pm and resumed at about 6:15 pm after the assurance of the payment was given.

05 Apr 2019 9:40 AM

The lenders are cognizant that the outcome of the efforts of the Lenders will depend on the interest shown by the parties on the sale of the stake in the Company. (Photo: ANI)

Jet airways lenders meet, intend to pursue bank-led resolution plan for sale of stake

The airline has over one billion dollars in debt and has to repay money to banks, lessors of planes.

05 Apr 2019 9:34 AM

The airline had been delaying the salaries of its pilots, engineers and senior staff since August who have not been paid since January.

Jet Airways delays March salary payment to employees, engineers meet CEO

Jet Airways delayed March payment to its all 16,000 employees for the third time since September last year.

04 Apr 2019 9:00 AM

This had earlier led to speculation of a possible review of the airline’s international operations.

Cash-strapped Jet Airways operating 28 planes: DGCA

The DGCA’s confirmation sought to clear confusion over exactly how many aircraft the airline was operating currently.

04 Apr 2019 1:02 AM

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Aakar Patel