Jet Airways | The Asian Age

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Lenders to Jet Airways agreed on Friday to provide some interim financing to the bankrupt airline to help it cover legal and other costs, as resolution experts look to find a potential buyer. (Photo: File)

Jet Airways’ lenders approve interim finance plan of USD 10 million: report

Apart from this, about 2,400 operational creditors have made claims worth some 123.72 billion rupees, according to reports.

20 Jul 2019 8:51 AM

The list of financial creditors, whose claims have been admitted include 14 domestic banks and financial institutions, 12 foreign banks and eight lessors. (Photo: Representational/PTI)

Jet Airways RP gets claims worth Rs 24,887 cr; rejects Rs 229 cr claim from JetAir

After 4 rounds of hearing, NCLT has asked the RP to file periodic reports on the development in the resolution process.

19 Jul 2019 9:33 AM

International airfares likely to drop

Air India, Indigo, SpiceJet and Go Air are expected to benefit from the move.

18 Jul 2019 1:25 AM

Last month, Jet’s creditors, led by State Bank of India (SBI), took the airline to the bankruptcy court after failing to agree on a revival plan. (Photo: AFP/File)

Lenders of bankrupt Jet Airways to attempt to sell carrier again

An SBI-led consortium of 26 banks has informed the resolution professionals that Jet Airways owes them about 85 billion rupees.

17 Jul 2019 10:00 AM

This means an increase of nearly 7 per cent and 33 per cent, respectively, over their March 2019 fleet.

Indian market for low cost carriers to double

For 2M FY2020 (April-May), the domestic passenger traffic growth had reported a YoY de-growth of 0.5 per cent.

13 Jul 2019 2:46 AM

Dutch insolvency court administrator has agreed before the NCLAT not to sell the confiscated assets of debt-ridden Jet Airways.

Dutch bankruptcy administrator moves NCLAT on Jet Airways matter

A consortium of 26 bankers led by SBI had approached NCLT to recover dues of over Rs 8,500 cr from Jet Airways.

12 Jul 2019 12:48 PM

Deposit Rs 18,000 cr and you're free to go abroad: HC to Naresh Goyal

The high court has put up the matter for further hearing on August 23.

10 Jul 2019 10:37 AM

Delhi HC refuses to allow Naresh Goyal to go abroad

The high court has put up the matter for further hearing on August 23.

10 Jul 2019 3:13 AM

Justice Suresh Kait said no interim relief can be granted to Goyal at this stage and added that he may deposit Rs 18,000 crore guarantee if he wants to travel to a foreign country now. (Photo: File)

Delhi HC seeks govt's response on Jet Airways founder Naresh Goyal's plea against LOC

The government counsel said Goyal must join the investigation and sought time to file response to his petition.

09 Jul 2019 1:02 PM

A Delhi High Court judge recused himself on Friday from hearing Jet Airways founder Naresh Goyal's plea challenging a look out circular (LOC) issued against him barring him from travelling outside the country. (Photo: File)

HC judge recuses from hearing Jet Airways founder Naresh Goyal's plea against LOC

He has sought quashing of the LOC as well as several office memorandums which lay down the guidelines for issuing the travel ban.

05 Jul 2019 2:44 PM

The tribunal will hear HDFC's plea on Friday along with the main petition. (Photo: Representational/PTI)

HDFC wants NCLT to keep Jet Airways Hqs out of resolution plan

The consortium of 26 bankers led by State Bank took the grounded Jet Airways to NCLT to recover their dues of over Rs 8,500 crore.

04 Jul 2019 4:43 PM

The airline owes Rs 8,500 crore to banks and around Rs 25,000 crore in arrears to vendors, lessors and employees. (Photo: File)

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

The debt-laden company became went into bankruptcy on June 20.

28 Jun 2019 5:06 PM

All the new aircrafts inducted by Indigo will be A320-neo; which will be 10-15 per cent more fuel efficient than its predecessors.

Jet Airway’s misfortune seems a boon for rivals

For the quarter Q4FY19, airlines saw an increase in yields coupled with a stark increase in their capacities.

28 Jun 2019 1:44 AM

Maharashra Chief minister Devendra Fadnavis

CM Fadnavis personally following Jet case: Minister

MLC Kiran Pawaskar raised the issue of Jet Airways and its employees in the Legislative Council.

26 Jun 2019 2:54 AM

NCLT bench comprising VP Singh and Ravikumar Duraisamy set a 90-day deadline to resolution professional Ashish Chhauchharia of Grant Thornton to conclude the resolution process. (Photo: Representational/PTI)

Insolvency proceedings initiated against Jet Airways

Jet Airways owes more than Rs 8,000 crore to banks, and thousands of crores more in arrears to vendors, lessors and employees.

23 Jun 2019 4:11 PM

The broad market indices like the BSE Mid-Cap lost less, thereby outperforming the Sensex/Nifty. The market breadth was negative on the BSE. Sectorally, the top gainer was the BSE Power. The top losers were the BSE Auto, Telecom, Energy and FMCG indices.

Charts signal bounce possibility

The market sentiments were affected on the back of a rise in oil prices due to fresh tension in the Middle East.

22 Jun 2019 7:06 AM

State Bank of India is only a lender to Jet Airways (India) Ltd and is not involved in or responsible for the management of the affairs of the said company, SBI told exchanges.

Jet Airways: Etihad's demands for open offer waiver, slots pledge not feasible: SBI

SBI-led consortium of 26 lenders had decided to seek resolution under IBC as they had received only a conditional bid.

21 Jun 2019 8:03 PM

Friday’s afternoon session the stock saw over 100 per cent variation in scrip price between the two ends amid huge volumes.

Jet Airways scrip boomerangs, sways 100 pc amid lows and highs

A ban imposed by BSE on the futures and options contracts on Jet Airways shares lapsed on Friday.

21 Jun 2019 3:08 PM

After a highly volatile trading day, the scrip skyrocketed 93.35 per cent to close at Rs 64 on the BSE, helped by robust fag end buying.

Unprecedented rally in Jet Airways shares; zoom over 122 pc

At the NSE, shares rose by 122.20 per cent to close at Rs 73.55.

20 Jun 2019 6:57 PM

Despite a weak opening, where the scrip hit an all-time low of Rs 27, it later pared the losses and jumped 16.16 per cent to Rs 38.45 on the BSE. (Photo: AFP/File)

Jet Airways shares bounce back; zoom 19 per cent

In the last 13 trading days, shares of Jet Airways have tumbled 78 per cent.

20 Jun 2019 12:57 PM

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Farrukh Dhondy