Jet Airways

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

Insolvency proceedings initiated against Jet Airways; Ashish Chhawchharia appointed IRP

The NCLT bench comprising VP Singh and Ravikumar Duraisamy set a 90-day deadline to the IRP to conclude the resolution process, even though the bankruptcy law allows 180 days for the same.

Jun 24, 2019, 12:22 PM IST

NCLT admits Jet for bankruptcy, sets 90 days for resolution

The National Company Law Tribunal (NCLT) Thursday admitted the insolvency petition filed by the lenders' consortium led by State Bank against Jet Airways.

Jun 20, 2019, 20:11 PM IST

Jet Airways: Pilots, engineers unions want to be made parties in NCLT hearing

A consortium of 26 bankers led by the SBI took the cash-strapped airline to the NCLT to recover their dues of over Rs 8,500 crore.

Jun 19, 2019, 15:24 PM IST

Jet Airways shares plummet 41% as company lands in NCLT

The scrip plummeted 40.78 percent to close at Rs 40.45 on the BSE. During the day, it tanked 52.78 percent to hit an all-time low of Rs 32.25.

Jun 18, 2019, 16:57 PM IST

Finally, Jet Airways lands in NCLT as banks give up revival bid

The once largest private sector airline, started over 25 years ago by airline-ticketing-agent-turned-entrepreneur Naresh Goyal, stopped flying on April 17 after it ran out of cash and the unpaid lessors took away most of its 100-odd operational airplanes.

Jun 18, 2019, 13:21 PM IST

Jet Airways shares tank 18%, lenders to initiate bankruptcy proceedings

The debt-ridden airline had suspended its entire operations on April 17.

Jun 17, 2019, 18:38 PM IST

Banks give up on Jet Airways revival, choose to send it to NCLT

The statement further said the move was necessitated as the prospective investor wants some Sebi exemption deal the deal which can be worked out better under the IBC.

Jun 17, 2019, 18:26 PM IST

Jet Airways shares continue to face massive selling pressure; tumble over 18%

The scrip which has been tumbling for the 11th consecutive day further plummeted 18.28 percent to hit a multi-year low of 67.05 on the BSE.

Jun 17, 2019, 13:25 PM IST

NCLT adjourns hearing on Jet Airways to June 20

Jet Airways owes more than Rs 8,000 crore to a consortium of banks led by the State Bank of India, which now run the airline, while it has a much larger debt pile by way of accumulated losses to the tune of Rs 13,000 crore and vendor dues of over Rs 10,000 crore and salary dues of over Rs 3,000 crore.

Jun 13, 2019, 17:54 PM IST