Debts | The Asian Age

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Jet’s lenders last month agreed to bail out the airline in a complex deal that involved the banks taking a temporary majority stake in the company. (Photo: AFP/File)

Jet Airways lenders lay out bid terms for 75 per cent stake in airline

Jet’s lenders, under the proposed bailout terms, would hold just over 50 per cent of the airline.

08 Apr 2019 1:08 PM

Acute financial crunch has forced the airline to ground aircraft, cancel flights and delay payment of salaries, including to pilots. (Photo: AFP/File)

Jet Airways shares trade marginally lower in morning session

The scrip was down at Rs 259.15 after opening at Rs 264 on the BSE.

05 Apr 2019 11:18 AM

The lenders are cognizant that the outcome of the efforts of the Lenders will depend on the interest shown by the parties on the sale of the stake in the Company. (Photo: ANI)

Jet airways lenders meet, intend to pursue bank-led resolution plan for sale of stake

The airline has over one billion dollars in debt and has to repay money to banks, lessors of planes.

05 Apr 2019 9:34 AM

The stock has shed more than half of its value in a year as of Tuesday’s close.

Jet Airways shares fall as it grounds more planes over unpaid lessor dues

Jet Airways grounded 15 more planes due to non-payment of dues to its lessors.

03 Apr 2019 10:43 AM

There were media reports that Etihad has approached the SBI to purchase its 24 per cent stake in the airline.

Lenders propose to revive Jet Airways by management change: source

Jet Airways has a debt of over Rs 8,200 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.

21 Mar 2019 11:02 AM

Reliance Communications pays Rs 458.77 crore to Ericsson: sources

Failure to cough up the dues would have meant that RCom Chairman Anil Ambani would have faced a 3-month jail term.

18 Mar 2019 6:05 PM

Reliance Communications Chairman Anil Ambani. (Photo: File)

A day left for Anil Ambani to pay USD 80 mn to avoid jail

The repeated failure to comply and Ambani's personal guarantee landed him in trouble last month,

18 Mar 2019 3:44 PM

Jet is struggling to make payments to banks, aircraft leasing companies, vendors and pilots.

Jet Airways denies report of new USD 293 million loan from PNB

Jet Airways is saddled with more than a billion dollars in debt and its shares jumped 4.8 per cent.

12 Mar 2019 9:22 AM

According to the bench, the lenders gave a "golden outlook" to NCLAT to recover around Rs 37,000 crore from sale of assets but nothing happened.

NCLAT pulls up RCom lenders over Rs 37,000 cr asset sale 'golden outlook'

The NCLAT has asked all the lenders to file a two-page note over that and directed to list the matter on Tuesday.

12 Mar 2019 8:53 AM

Jet Airways chairman Goyal urges employees to bear with him in difficult situation

Jet Airways has been grappling with financial woes and is looking to rejig debt as well as raise funds.

02 Mar 2019 12:19 PM

A consortium of banks, led by the SBI, has extended loans to Jet Airways, which is looking to rejig debt and raise funds.

Jet Airways shares fall 3 pc on reports of SBI mulling moving NCLT against airline

Shareholders of Jet Airways had approved conversion of loan into shares and other proposals during the extraordinary general meeting.

25 Feb 2019 3:30 PM

Saddled with a billion dollars in debt, Jet has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.

SBI says reports of taking Jet Airways to NCLT ‘speculative’

Reports earlier said SBI was mulling moving the NCLT to recover its loans from Jet Airways.

25 Feb 2019 2:07 PM

Jet shareholders will vote later on Thursday to provide general approvals for a debt-to-equity swap.

Lessors doubt Jet Airways rescue plan, pull out more planes: sources

Jet has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.

21 Feb 2019 3:18 PM

Jet, which had debt exceeding 80 billion rupees (USD 1.12 billion) as of September-end, has been steadily losing market share to its rival.

Debt-laden Jet Airways edges closer to safety

The airline has also seen its share price suffer as it navigated through several negotiations with its lenders and shareholders.

21 Feb 2019 10:25 AM

The debt crisis at the infrastructure lender came to light following a series of defaults by its group companies beginning September 2018.

IL&FS crisis: ED raids multiple locations after filing PMLA case

IL&FS is sitting on a debt pile of about Rs 91,000 crore.

20 Feb 2019 1:11 PM

The bank has up to 31 December 2018 recovered Rs 16,600 crore.

PNB to e-auction 4,000 properties to reclaim loans

• According to the bank, the action will help in achieving the recovery of Rs 26,000 crore during current FY 2018-19.

14 Feb 2019 2:34 PM

In the past, chairman Anil Ambani had claimed that the plot had a development potential of Rs 25,000 crore.

Bankrupt RCom arm to build a fintech centre in Navi Mumbai

Reliance Communications surprised all by moving for filing for insolvency on February 1.

11 Feb 2019 4:37 PM

Jet’s main lender State Bank of India sought to provide reassurance that India’s biggest full-service carrier is doing all it can to pay its staff, suppliers and creditors. (Photo: AFP/File)

Lessors to troubled Jet Airways consider taking back planes: sources

The airline is working on its turnaround strategy and updating its partners, in real time, on efforts taken to improve its liquidity.

12 Jan 2019 12:05 PM

A further Rs 45,000 crore of group debt relating to Essar Steel India is being addressed through the ongoing insolvency and bankruptcy process.

Essar says all overseas debt cleared, USD 1.75 bn paid to Indian, foreign banks

Essar Global has now repaid about Rs 6,300 crore to ICICI Bank, Axis Bank, and Standard Chartered Bank.

07 Jan 2019 2:42 PM

Reliance Communication Chairman Anil Dhirubhai Ambani.

SC seeks response from Anil Ambani on Ericsson's contempt petition

The bench then directed R Com to deposit a demand draft of Rs 118 crore in the registry.

07 Jan 2019 12:04 PM

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Shobhaa De