Jet Airways | The Asian Age

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Jet Airways Page-7

Jet Airways was finally grounded for now when its last flight, a Boeing 737.

Despite inconvenience, passengers say they miss Jet flights

The abrupt cancellation of the airline's services for the time being have left thousands of passengers stranded.

18 Apr 2019 1:32 PM

The stock is hovering around its 52-week low level of Rs 163 on BSE.

Jet Airways shares crack 30 per cent; drop to 52-week low

Jet Airways' lenders said they were reasonably hopeful of a successful bidding process for stake sale.

18 Apr 2019 10:05 AM

The lenders after due deliberations decided that the best way forward for the survival of Jet Airways is to get the binding bids from potential investors.

Jet Airways lenders 'reasonably hopeful' of successful bids for grounded airline

Jet Airways halted all flight operations indefinitely after lenders led by SBI declined to extend more funds.

18 Apr 2019 8:29 AM

The airline which started flying on May 5, 1993, was operating only five planes, down from a fleet of more than 120 planes.

Another airline crashlands

After 26 years of operations, Jet Airways suspends its operations.

18 Apr 2019 5:08 AM

As Jet’s fate hangs in the balance, it’s time to review the airline industry’s working.

Resolve Jet Airways’ mess

Jet’s fate will depend on a viable solution being found, and a quick revival of airline operations that will be a win-win for all parties concerned.

18 Apr 2019 12:14 AM

The last flight of Jet Airways will leave the Amritsar airport at 2230 hrs for New Delhi as per its flight schedule. (Photo: PTI/File)

'No joy of flying', as Jet Airways grounds operations temporarily

The airline said the decision follows the lenders refusing to offer a Rs 400-crore lifeline.

17 Apr 2019 7:43 PM

The company still has a market capitalization of USD 393.8 million, as investors cling to hopes of a rescue. (Photo: AFP/File)

Lessors rush to repossess more Jet planes, even as emergency funds awaited

Lessors to Jet Airways Ltd have applied to deregister another four Boeing Co 737 planes.

17 Apr 2019 1:43 PM

“Even though Jet was a major competitor to Kingfisher at the time I feel sorry to see such a large private airline on the brink of failure when government used 35K crores (Rs 35,000 crores) of public funds to bail out Air India. Just being a PSU is no excuse for discrimination,” Mallya wrote on Twitter. (File Photo)

Vijay Mallya talks about 'airline karma' in message for cash-strapped Jet Airways

Mallya, fighting his extradition to India on charges of fraud and money laundering amounting to an alleged Rs 9,000 crores.

17 Apr 2019 12:51 PM

Jet has been forced to ground dozens more over unpaid dues. (Photo: Twitter | @jetairways)

Jet Airways faces imminent shutdown without emergency funds: sources

Bankers and an Indian govt official said lenders are trying to line up funds to keep aloft the once-dominant Indian airline.

17 Apr 2019 9:53 AM

PNB is part of a consortium of 26 lenders, led by SBI, which have exposure to Jet Airways' debt of over Rs 8,000 cr. (Photo: AFP/File)

Lenders to Jet working on revival, no final decision yet: PNB MD

SBI Capital Markets is working on the revival package for Jet Airways.

17 Apr 2019 8:47 AM

Jet Airways management is reportedly awaiting clarity on receiving fresh funds from the lenders to decide on continuing the operations. (Photo: Representational/PTI)

Jet Airways finds no solace, lenders undecided on funding

Sources said Jet Airways founder Naresh Goyal has decided not to bid for acquiring stake in the cash-strapped airline.

17 Apr 2019 2:39 AM

Separately, the civil aviation ministry would convene meetings of representatives of airlines and airports on April 18 to discuss capacity expansion, rising airfares and other issues. (Image: ANI)

Jet Airways operating 5 planes, seeks emergency funds from banks

The cash-strapped airline has already suspended its international operations till April 18.

16 Apr 2019 9:16 PM

SBI Capital Markets has the mandate for Jet Airways' sale on behalf of the SBI-led consortium of the domestic lenders to the debt-ridden private carrier. (Photo: Twitter | @jetairways)

Amid reports of Jet Airways temporary shut down, Goyal out from bidding

Jet Airways is grappling with acute financial crunch and is operating less than 10 planes besides temporary shut downs.

16 Apr 2019 2:25 PM

On April 12, sources said that Goyal had also put in bid for the carrier. (Photo: PTI)

Naresh Goyal opts out from bidding for ailing Jet Airways

Airline sources said Jet Airways founder Naresh Goyal has withdrawn the bid for the airline.

16 Apr 2019 1:18 PM

Prabhu has also asked Civil Aviation Secretary Pradeep Singh Kharola to take necessary steps to protect the rights and safety of passengers. (Photo: AFP/File)

Suresh Prabhu calls for review of issues related to Jet Airways

Prabhu has called for working with all stakeholders for their well being.

16 Apr 2019 11:23 AM

Currently the airline has just six-seven planes on operations.

Meet on Jet Air fate today

Jet Airways said its services on overseas routes will remain grounded until April 18.

16 Apr 2019 3:03 AM

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.

Jet pilots appeal SBI to release Rs 1,500 cr funds, asks PM to save 20,000 jobs

The airline's pilots along with engineers and senior staff were last paid for December, 2018.

15 Apr 2019 11:45 AM

With more than USD 1.2 billion of bank debt, Jet is battling for survival and has yet to receive a loan of about USD 217 million as part of a March rescue deal.

Jet Airways pilots body defers 'no flying' call ahead of lenders meet

SBI considering a proposal to infuse 10 billion rupees (USD 145 million) to keep the airline afloat.

15 Apr 2019 8:46 AM

Jet Airways is at present under the management control of SBI-led consortium of lenders after the approval of a debt-rejig plan last month, which also led its founder chairman Naresh Goyal to quit. (Image: File)

1,100 Jet Airways pilots decide not to fly from tomorrow: NAG

The debt-ridden carrier has also not paid March salary to employees of other categories as well.

14 Apr 2019 3:17 PM

The beleaguered Jet Airways, which is flying just six-seven aircraft on Saturday, has asked its lenders to grant some "interim funding." (Photo: ANI)

Jet Airways' employees protest outside T3 over pay delay

Jet Airways employees are expecting to be paid their pending salaries once the fresh funding comes through.

13 Apr 2019 7:02 PM

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Aakar Patel