Naresh Goyal | The Asian Age

Thursday, Apr 18, 2024 | Last Update : 11:44 AM IST

naresh goyal Page-3

Total expenses in the third quarter shot up to Rs 6,786.15 crore compared to Rs 6,042.58 crore a year ago.

Lenders to turn largest shareholders in Jet Air

The resolution plan involves infusion of funds, monetisation of assets and restructuring of debt.

15 Feb 2019 2:01 AM

Saddled with debt of about USD 1.14 billion, Jet Airways has been hit by price competition, rupee depreciation and high oil costs. (Photo: File)

Jet Airways grounds four aircraft after failing to pay lessors

Jet Airways Ltd has grounded four aircrafts after failing to make payments to lessors.

08 Feb 2019 1:58 PM

Jet Airways and SBI did not immediately respond to Reuters’ request for comment.

Indian banks propose USD 900 million turnaround plan for Jet Airways: report

Naresh Goyal and Etihad Airways are likely to infuse USD 450 million together in Jet Airways.

09 Jan 2019 11:00 AM

Jet Airways has said that the flights were cancelled over an "unforeseen operational circumstance" and not because of the protest by pilots. (Photo: Twitter | @jetairways)

Jet Airways cancels 14 flights as pilots call in ‘sick’: report

Jet Airways has partially paid salaries of these staff members for September even as full salaries of October and November remain unpaid.

03 Dec 2018 10:08 AM

Goyal agrees to sell controlling stake in Jet Airways

Jet Airways is desperately looking for a buyer to raise funds for survival.

29 Nov 2018 11:14 AM

The airline is learnt to have laid off as many as 20 employees last month, including some senior-level executives from the in-flight services department.

Crisis-hit Jet Airways fires 16 more people to cut cost

The airline continues to layoff people from various departments in small groups.

27 Nov 2018 10:33 AM

With Jet Airways delaying salaries of its pilots and engineers for the second consecutive month amid a severe financial crunch, its pilots have warned the management of "non-cooperation" over default on payments.

Jet Airways pilots warn of 'non-cooperation' on salary payment

Jet Airways is facing acute cash crunch after posting two back-to back quarterly losses this year.

06 Sep 2018 1:37 PM

Beleaguered carrier Jet Airways is in advanced stage of discussions with TruJet to sublease up to seven of its ATR planes to the regional carrier as it seeks to reduce costs and mop up additional revenues amid cash drought.

TruJet in talks with Jet Airways to sublease up to 7 ATRs

The Naresh Goyal-promoted full service carrier currently has 15 ATRs in its fleet.

17 Aug 2018 3:23 PM

In mounting troubles for crisis-hit Jet Airways, the airline and some credit rating agencies have come under regulatory scanner for alleged lapses in timely disclosure of default risk of loans worth Rs 11,000 crore taken from state-owned as well as private sector banks.

Jet Airways, rating agencies under scanner for lapses in loan disclosure

Sebi is already looking into the issues surrounding deferment of the airline's financial results.

14 Aug 2018 11:17 AM

Aviation regulator DGCA is set to conduct a financial audit of the Naresh Goyal-promoted Jet Airways, amid its fiscal conditions under pressure due to the surging jet fuel prices and low fares, a source said.

DGCA to conduct financial audit of turbulence-hit Jet Airways

DGCA has already evaluated the financial health of the national carrier Air India recently.

12 Aug 2018 6:25 PM

Shares of Jet Airways came under massive selling pressure on Friday, tumbling 8.5 per cent, after the company deferred announcement of its June quarter earnings.

Jet Airways shares plunge 8.5 pc as board defers Q1 result announcement

The company's market valuation fell by Rs 287.17 crore to Rs 3,139.83 crore on the BSE.

10 Aug 2018 5:48 PM

A day after Jet Airways delayed the announcement of June quarter results, leading bourses BSE and NSE on Friday sought specific details about the company's board meetings and factors leading to the decision.

BSE seeks specific information on Jet Airways' Q1 results delay

Jet Airways should submit complete information that is available with it, for compliance with the requirements of Regulation 30.

10 Aug 2018 2:53 PM

Jet Airways on Friday described reports that the airline cannot fly beyond 60 days as "incorrect and malicious" as well as denied any talks of a stake sale.

Jet Airways pilots, management lock horns over proposed pay cuts

In a filing to the BSE, the airline said it is implementing several measures to reduce cost as well as realise higher revenues.

03 Aug 2018 6:58 PM

Naresh Goyal-promoted Jet Airways on Tuesday signed a formal agreement with Boeing Co to acquire an additional 75 latest single-aisle 737 Max aircraft valued at USD 8.8 billion at current list prices.

Jet to buy 75 more 737 Max airplanes from Boeing for USD 8.8 bn

The two companies inked the pact at the ongoing Farnborough International Airshow.

17 Jul 2018 3:42 PM

Markets regulator Sebi has sought information from Jet Airways following a complaint of alleged fraudulent practices. (Photo: PTI)

Sebi seeks information from Jet Airways following complaint of fraud

The regulator also sought the views/recommendations of the statutory auditors and the audit committee of the company on the same.

30 May 2018 12:29 PM

Jet Airways to connect Manchester with Mumbai starting winters

Jet Airways has said it will connect Manchester with Mumbai with a non-stop four days per week flight service.

18 May 2018 7:59 PM

Jet Airways is country's largest international airline. (Photo: PTI)

Naresh Goyal promoted Jet Airways confirms order for 75 Boeing aircraft

Jet said in a statement that deliveries of the single aisle jets are expected to start in mid-2018.

12 Oct 2017 12:19 PM

Jet Airways has phased out more that Rs 2,700 crore debt from its books, which currently stands at Rs 8,000 crore.

Jet Airways may bid for 2nd round of UDAN scheme

Jet Airways had no plans to opt out of any routes between India and the Gulf.

13 Sep 2017 7:20 PM

Jet Airways Chairman Naresh Goyal.(Photo: File)

Etihad not exiting investmnent in Jet, says Naresh Goyal

Abu Dhabi-based Etihad had in April 2013 invested Rs 2,069 crore in Jet for 24 per cent equity.

11 Sep 2017 6:35 PM

Higher airport charges, taxation shackle industry: Naresh Goyal

Current airport infrastructure is unable to keep pace with the breakneck growth in capacity and traffic.

27 Aug 2017 5:55 PM

3 of 4

Columns

Syed Ata Hasnain