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Jet Airways crisis

Evaluating Jet Airways opportunity, says Hinduja Group

Lenders to the full service carrier, which temporarily shuttered operations on April 17 as it ran out of cash, is looking for possible suitors.

May 21, 2019, 18:21 PM IST

Jet Airways sinks after top executives quit

CEO Vinay Dube, head of finance Amit Agarwal and head of human resources Rahul Taneja quit within a span of 24 hours after Jet failed to receive a concrete deal offer.

May 15, 2019, 09:48 AM IST

Jet Airways CEO Vinay Dube resigns

Dube`s exit follows the resignation of its chief financial officer, Amit Agarwal, earlier in the day.

May 14, 2019, 17:04 PM IST

Jet Airways shares continue to fall; plummet over 7%

The scrip tanked 7.42 percent to close at Rs 129.10 on the BSE. During the day, it plunged 12.44 percent to Rs 122.10.

May 14, 2019, 16:52 PM IST

CAIT flags high airfares post Jet shutdown, seeks price control

Running into a debt of more than Rs 8,500 crore, Jet Airways has shut down operations temporarily after lenders decided against extending emergency funds for its survival.

May 10, 2019, 12:28 PM IST

HDFC puts Jet Airways' office space for sale to recover Rs 414 crore

Jet Airways, which temporarily shuttered operations on April 17, owes around Rs 414 crore to HDFC.

May 09, 2019, 16:41 PM IST

Air India won't take B777s from Jet

A few weeks back, Air India had shown keen interest to take 5 wide-body Boeing 777 aircraft of Jet Airways on dry/wet lease and initiated talks with the crisis-hit airline`s lead lender SBI.

May 06, 2019, 15:03 PM IST

Prepaid forex cards held by Jet Airways staffers frozen

The cards were given to the Jet staff operating international flights for taking care of the expenses incurred overseas.

May 02, 2019, 09:51 AM IST

Delhi HC notice to Jet Airways on plea seeking redressal of complaints over flight cancellations

A plea has been filed in Delhi HC seeking to ensure immediate resolution for all passengers who have been affected by the cancellation of Jet Airways flights by giving them a full refund of the amount in respect of their booked air ticket or accommodate them in alternative flights to ensure fair business practice.

May 01, 2019, 17:57 PM IST

Jet Airways shares sink over 32%, hit 52-week low during the day

In two days, the company's market valuation has eroded by Rs 1,111.14 crore to Rs 1,861.86 crore on the BSE.

Apr 18, 2019, 17:15 PM IST

''Can't sleep at night'': Despair over jobs as Jet Airways grounded

Thousands of employees have been stung by the rapid unravelling of Jet Airways, which, saddled with more than $1.2 billion in bank debt, grounded all its planes on Wednesday after lenders rejected a plea for emergency funds.

Apr 18, 2019, 16:48 PM IST

Air India keen on taking 5 grounded Jet Boeings

The move is aimed at catering the peak demand on various international routes such as India-Gulf and India-UK.

Apr 18, 2019, 13:29 PM IST

Lenders agree to get bids from potential investors for survival of cash-strapped Jet Airways

The lenders expressed hope that the bidding process is likely to be successful in determining the fair value of Jet Airways in a transparent manner.

Apr 18, 2019, 08:41 AM IST

Banks reject Rs 400 crore emergency funding for Jet Airways

Jet will be the seventh airline to go down since May 2014 and the 13th one after East West was shuttered.

Apr 17, 2019, 18:19 PM IST

Jet Airways likely to cancel all flights temporarily

The carrier, which has more than Rs 8,000 crore debt, is currently operating less than 10 aircraft.

Apr 16, 2019, 13:23 PM IST

Jet Airways pilots appeal to SBI for funds, also ask PM to save 20,000 jobs

The airline is operating just 6-7 planes, with almost its entire fleet being grounded due to non-payment of rentals to lessors amid severe paucity of cash.

Apr 15, 2019, 12:33 PM IST

Jet Airways pilots defer 'no pay, no work' decision, to take call after critical Monday meeting

As many as 1,000 pilots of the union, National Aviator's Guild (NAG), will meet on Monday morning to decide on whether the pilots will fly or not, due to non-payment of salaries. 

Apr 14, 2019, 21:29 PM IST

Over 1,000 Jet Airways pilots not to fly from Monday due to unpaid salaries

Saddled with more than $1.2 billion of bank debt, the airline has been teetering for weeks and has yet to receive a loan of about $217 million from its lenders as part of a rescue deal agreed in late March.

Apr 14, 2019, 16:55 PM IST

Jet Airways founder Naresh Goyal puts in bid for buying a stake in airline

Airline sources said Goyal has put in a bid for Jet Airways. It couldn't be immediately ascertained whether he has partnered with any entity or airline for the bid.

Apr 12, 2019, 23:39 PM IST

Jet Airways union seeks FIR against Naresh Goyal, CEO, SBI chief over non-payment of salaries

They registered their complaints to the police over non-payment of dues and non-resolution of grievances.

Apr 12, 2019, 23:34 PM IST