Jet Airways

Murari Lal Jalan-Gupta brothers link revealed in Jet Airways resolution plan?

We had earlier revealed the business and family links between the two families. Today we will show you where Murari Lal Jalan himself has given in writing that he has a connection with the family of the Gupta brothers.

Mar 25, 2021, 16:28 PM IST

Will Jalan be able to buy Jet Airways? Security clearance in doubt as DGCA steps in

Following the revelations of Zee News, the DGCA filed an affidavit in the NCLT in the Jet Airways case. This affidavit states that even if a resolution plan is approved by NCLT to purchase Jet Airways, it will not be considered complete until it gets security clearance from the government.

Mar 18, 2021, 19:39 PM IST

Exclusive: Are Gupta brothers backing Jalans in Jet Airways deal too?

Murari Lal Jalan, who is trying to buy Jet Airways, is backed by the Gupta brothers (Ajay, Atul, Rajesh Gupta) of South Africa who are accused of serious charges of corruption.

Mar 09, 2021, 23:58 PM IST

Exclusive: Are the infamous Gupta Brothers of South Africa secretly buying Jet Airways?

Murari Lal Jalan has links with the Gupta brothers are facing many cases of corruption, bribery in South Africa and the United States has banned any business deal with them.

Mar 05, 2021, 00:05 AM IST

Jet Airways deal will put country's airports at risk, read this exclusive report from Zee News

Murari Lal Jalan of Jalan-Kalrock consortium, which won the bid for Jet Airways, has links with the infamous Gupta brothers of South Africa.

Mar 03, 2021, 19:52 PM IST

Aviation stocks rally as domestic passenger flights to resume from May 25

Domestic passenger flight services will resume from May 25 in a calibrated manner, Civil Aviation Minister Hardeep Singh Puri said on Wednesday.

May 21, 2020, 17:20 PM IST

Jet Airways crisis: Fresh expressions of interest invited for defunct airline

In March this year, the National Company Law Tribunal (NCLT) had allowed 90 days' extension for the corporate insolvency resolution process of the airline.

May 14, 2020, 01:07 AM IST

Jet Airways insolvency resolution professional seeks fresh EoI for defunct airline

This is the fourth time that EoI has been invited for Jet Airways, which was shuttered last year.

May 13, 2020, 15:05 PM IST

Jet Airways lenders panel holds meeting to assist grounded airline

The cash-strapped airline, which was grounded in April 2019, owes more than Rs 8,000 crore to banks, with public sector lenders having significant exposure.

May 06, 2020, 22:45 PM IST

Enforcement Directorate books former Jet Airways chairman Naresh Goyal in fresh case of money laundering

The Enforcement Directorate (ED) has raided the house of former chairman of the grounded Jet Airways, Naresh Goyal, and registered a fresh case of money laundering against him. 

Mar 05, 2020, 07:04 AM IST

Jet Airways crisis: MPs to raise issue again as employees seek govt help

 Several MPs cutting across party lines have expressed their support for the early revival of the now grounded Jet Airways, saying that they will again raise the issue in the ongoing winter session of Parliament.

Dec 03, 2019, 20:36 PM IST

Liquidation process of Jet Airways to begin in near future: Sources

Cash-strapped Jet Airways stopped its operations on April 17 after lenders refused to extend emergency funding to keep the airline afloat.

Nov 05, 2019, 11:06 AM IST

ED raids Jet Airways founder Naresh Goyal's residence over alleged money laundering

Meanwhile, Delhi High Court today allowed Goyal's plea to be allowed to travel abroad.

Aug 23, 2019, 15:08 PM IST

High Court allows Jet Airways founder Naresh Goyal to travel abroad

On May 25, Goyal and his wife Anita Goyal were stopped from leaving the country by immigration authorities at Mumbai airport.

Aug 23, 2019, 15:00 PM IST

NCLAT asks Jet CoC if it will work with Dutch administrator

The debt-riddent Jet Airways is facing insolvency proceedings in The Netherlands too. It was declared bankrupt there after it had failed to pay two European creditors. The Dutch court subsequently appointed a bankruptcy administrator.

Aug 22, 2019, 11:07 AM IST

SpiceJet posts record profit as Jet downfall drives demand

Domestic air traffic growth has been slowing in recent months in a flagging economy, but the downfall of Jet Airways, once the country`s largest private carrier, this year has helped SpiceJet and market leader IndiGo attract more customers, raise fares and add routes.

Aug 09, 2019, 14:48 PM IST

Government to launch portal to help Jet Airways staff find jobs, in touch with SpiceJet and IndiGo

The Civil Aviation Ministry is in touch with other private airlines such as SpiceJet and IndiGo to assist Jet staff get meaningful employment.

Jul 17, 2019, 09:22 AM IST

Delhi HC refuses to quash Look out Circular against Jet promoter Naresh Goyal

Naresh Goyal had moved High Court seeking direction to quash the LOC issued against him. He also sought the quashing of certain office memoranda issued against him.

Jul 09, 2019, 12:02 PM IST

Government orders probe into alleged mismanagement of funds by Jet Airways

The Ministry of Corporate Affairs has ordered Serious Fraud Investigation Office (SFIO) to carry out the investigation, a government order seen by Reuters showed.

Jul 04, 2019, 23:04 PM IST

Jet Airways Employee Consortium, AdiGroup to bid for 75% of airline

The debt-laden company became the first domestic airliner to go into bankruptcy after the Mumbai Bench of the National Company Law Tribunal (NCLT) admitted an insolvency petition filed by the SBI on behalf of 26 lenders on June 20.

Jun 28, 2019, 17:18 PM IST