Jet Airways
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India
ED raids 12 locations of former Jet Airways chairman Goyal
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at locations of Jet Airways founder Naresh Goyal in connection with a Foreign Exchange Management Act (FEMA) case. The…
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India
Jet Airways employees to hold protest on Tuesday
New Delhi [India]: In a final call to save Jet Airways, the employees of the airline will protest at Jantar Mantar here on Tuesday. The employees will protest in order…
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India
Revival of Jet Airways possible only under IBC: Hardeep Puri
New Delhi The Central government on Thursday ruled out raising funds for the beleaguered Jet Airways and asserted that its revival was now possible only under Insolvency & Bankruptcy Code…
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News
Jet Airways row: Delhi HC to hear Naresh Goyal’s plea seeking quashing of Look Out Circular today
New Delhi: The Delhi High Court is scheduled to hear on Friday a petition filed by former Jet Airways chairman Naresh Goyal seeking quashing of the Look Out Circular (LOC)…
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Business
Jet Saga: Buyers await regulator’s scrutiny of airline’s flying license
NEW DELHI: With prospective buyers lining up to take a shot at bagging Jet Airways cheap, its prime asset — the flying license — is under the aviation regulator’s scrutiny…
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Business
Employee consortium, AdiGroup to bid for 75 pc stake in Jet Airways
New Delhi: Jet Airways Employee Consortium on Friday announced their partnership with AdiGroup to bid for the acquisition of 75 percent stake in debt-ridden Jet Airways through the National Company…
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Stock Market
Equities fall amid weak sentiment ahead of GST Council meet
Mumbai: Equity benchmark indices were in the negative zone during early hours on Friday amid subdued Asian markets as investors awaited the outcome of GST Council meet later during the…
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News
NCLT admits insolvency plea by SBI against Jet Airways
Mumbai (Maharashtra): The local bench of National Company Law Tribunal (NCLT) on Thursday admitted the insolvency application filed by the State Bank of India (SBI) against grounded Jet Airways. A…
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Stock Market
Equities trade volatile, Jet stocks slide further by 10 pc
Mumbai (Maharashtra): Equity benchmark indices opened with a positive bias on Tuesday but see-sawed during early hours in the absence of fresh catalysts. At 10:15 am, the BSE S&P Sensex…
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Business
Lenders to take Jet Airways to NCLT, revival hope gets bleaker
NEW DELHI: The future of the grounded Jet Airways just got a shade bleaker on Monday with the lenders, led by State Bank of India (SBI), deciding to initiate bankruptcy…
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News
Jet stocks plunge 16% as surveillance measures to kick in soon
Mumbai: After hitting an all-time low of Rs 84.80 per share, Jet Airways’ scrips closed 16 per cent lower on Thursday, a day after the exchanges decided to shift the…
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Stock Market
NSE to remove Jet Airways from daily trading by month-end
Mumbai: Shares of grounded airline Jet Airways will be removed from daily trading of futures and options at the National Stock Exchange (NSE) from effective June 28. The reason cited…
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Stock Market
Equities slip in early session, Jet Airways plunges 15 pc
Mumbai: Stocks traded with a negative bias during early hours on Thursday amid mixed global cues and oil prices hovering at a five-month low. All sectoral indices at the National…
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Business
It’s now Jet versus Jet as endgame nears
NEW DELHI: Even as the lenders and the employees hope against hope and expect a white knight to rescue the grounded Jet Airways, the airline’s promoter Naresh Goyal, now deboarded…
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Business
Domestic air passenger growth falls in April due to grounding of Jet Airways
New Delhi: The number of passengers flying domestic airlines dropped by 4.5 percent to 109.95 lakh in April as compared to 115.13 lakh in the same month of the previous…
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Business
Economic slowdown: April air passenger traffic dives into the red
NEW DELHI: High base effect along with steep airfares and capacity constraints dragged India’s domestic air passenger traffic into the negative territory in April. Besides, an overall slowdown in consumer…
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India
Jet Airways employees stage protest in Delhi
New Delhi: Jet Airways employees on Tuesday staged a protest outside the Safdarjung Airport here, seeking government’s intervention to solve the crisis facing the airline. The protesting employees were demanding…
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Business
Jet CFO, Deputy CEO Amit Agarwal quits
NEW DELHI: Grounded Jet Airways continues to lose its senior executives dashing hopes of the airline’s revival. The latest to quit the company is its Chief Financial Officer (CFO) and…
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News
Jet’s pilots move Supreme Court; seek directions on lenders
New Delhi/Mumbai: The pilots’ union of grounded Jet Airways on Tuesday approached the Supreme Court to direct the consortium of lenders for release of funds to restart operations. In its…
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Business
Air India won’t take B777s from Jet
NEW DELHI: State-run Air India has decided not to pursue its plan to take B777s from grounded Jet Airways as it has found it commercially unviable given their huge maintenance…
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Business
Air India earmarks Rs 500 crore to get grounded aircraft operational
MUMBAI: To meet the high demand and raise its market, national carrier Air India has earmarked Rs 500 crore to get 19 of its grounded passenger jets back into operations.…
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Business
Jet tells staff it can not provide Mediclaim
NEW DELHI: Faced with severe liquidity crisis, grounded Jet Airways has informed employees that it will not be able to fund the premium of Group Mediclaim Policy and advised them…
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Business
Jet staff promise to secure Rs 3,000 crore, seek SBI nod to bid
NEW DELHI: Sensing that the options to revive the grounded Jet Airways are fast running out, a group of airline employees has written to SBI seeking permission to allow a…
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India
More people might commit suicide, if govt doesn’t intervene: NAG on Jet crisis
Mumbai: “Jet Airways employee Shailesh Kumar Singh committed suicide because he had no hope left and there could be more victims if the government does not intervene in the Jet…
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News
Plea in HC seeks consumer redressal in Jet crisis
New Delhi: A plea was filed in the Delhi High Court on Monday seeking prompt redressal of consumer complaints in the wake of the ongoing Jet Airways crisis. The application…
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Business
Plea before high court calls for relief to air passengers
New Delhi: An application was filed at Delhi High Court on Monday seeking direction to the Ministry of Civil Aviation and the Directorate General of Civil Aviation (DGCA) for ensuring…
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Business
Jet Airways staff delegation meets Jaitley, demands transparent bidding process
New Delhi: A delegation of Jet Airways employees on Saturday met Union Finance Minister Arun Jaitley at his residence here and apprises him of their demands including transparent bidding process.…
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Business
Private carriers in India have come crashing down
NEW DELHI: Aviation in India has attracted entrepreneurs like moths to a flame but only a few have managed to survive and thrive in a sector which has become the…
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News
Jet executives meet Jaitley, urge salary payment
New Delhi: Senior executives of grounded Jet Airways met the Union finance minister Arun Jaitley on Friday and requested him to direct the banks to release at least one month’s…
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India
Jet Airways staff delegation meets Jaitley, demands transparent bidding process
New Delhi: A delegation of Jet Airways employees on Saturday met Union Finance Minister Arun Jaitley at his residence here and apprises him of their demands including transparent bidding process.…
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