Jet Airways Crisis

Jet Airways First Indian Company To Face Cross-Border Insolvency: Report

Business | Indo-Asian News Service | Thursday October 17, 2019

Jet Airways, on April 17, announced the temporary suspension of all flight services as it failed to secure interim funding to maintain even the bare minimum operations.

Jet Airways' Creditors To Recover $300-$400 Million In Case Of Liquidation: Report

Business | Thomson Reuters | Wednesday September 4, 2019

Jet Airways stopped flying in April after running out of cash, leaving thousands without jobs and pushing up air fares across the country.

Jet Airways Extends Deadline For Initial Bids To August 10

Business | Thomson Reuters | Saturday August 3, 2019

Jet, once ranked among the country's biggest airlines, was forced to ground all flights in April after running out of money and failing to secure funds, crippled by mounting losses as it attempted to compete with low-cost rivals.

Jet Airways' Lenders Approve Interim Funding Of $10 Million: Report

Business | Thomson Reuters | Friday July 19, 2019

Last month, Jet Airways' creditors, led by SBI, took the airline to bankruptcy court after failing to agree on a revival plan

209 Slots Vacated By Jet Airways Lying Unused At 31 Airports, Says Centre

India News | Press Trust of India | Thursday July 11, 2019

A total of 209 slots vacated by Jet Airways are lying unused at 31 airports across the country, according to the data shared by Civil Aviation Minister Hardeep Singh Puri in the Lok Sabha on Thursday.

Fund-Raising An Internal Matter Of Jet Airways, Government Has No Role: Aviation Minister

Business | Asian News International | Thursday July 11, 2019

The minister said that the State Bank of India has filed an application under the Insolvency and Bankruptcy Code, which has been admitted by NCLT

Suspension Of Jet Airways' Operations Led To Marginal Hike In Airfare: Government

Business | NDTV Profit Team | Thursday July 11, 2019

Civil Aviation Minister Hardeep Singh Puri said that as per the prevailing regulations, airfares are neither established nor regulated by the government.

Centre Orders Probe Into Jet Airways Over Alleged Fund Mismanagement: Report

Business | Thomson Reuters | Thursday July 4, 2019

The centre ordered an investigation on Thursday into alleged mismanagement of funds at Jet Airways, which halted operations in April after running out of cash.

Buyers Await Aviation Regulator's Scrutiny Of Jet Airways' Flying License: Report

Business | Indo-Asian News Service | Sunday June 30, 2019

Recently, London-based AdiGroup partnered with Jet Airways Employee Consortium partnered to bid for 75 per cent stake of Jet under the insolvency resolution process

AdiGroup, Employee Consortium To Bid For 75% Of Jet Airways

Business | Indo-Asian News Service | Friday June 28, 2019

The AdiGroup and Jet Employees Consortium combine is confident of reviving the airline by successfully bidding for the airline under the process.

Opinion: Jet's Banks Finally Accept The Airline Is Dead

Business | Andy Mukherjee, Bloomberg Opinion | Monday June 24, 2019

With the insolvency tribunal taking Jet Airways India Ltd. under its wing on Thursday, there may be one more abortive attempt to sell it whole

Airport Authority To Study Ways To Improve Slot Allotment Of Airlines

Business | Press Trust of India | Sunday June 23, 2019

A slot is a specific date and time at which an airline can arrive or depart at an airport

Bankruptcy Court Admits Insolvency Plea Against Jet Airways

Business | Thomson Reuters | Thursday June 20, 2019

The insolvency process will allow lenders to sell the company as a whole or in parts, laying out a fixed timeline for a resolution around its future

Jet Airways Stock Doubles In Strong Rebound From Record Lows

Business | NDTV Profit Team | Thursday June 20, 2019

Jet Airways stopped flying on April 17 after it ran out of cash and the unpaid lessors took away most of its operational airplanes

Jet Airways Shares Crash, Slump Nearly 30% To Hit New Record Low

Business | NDTV Profit Team | Wednesday June 19, 2019

Investors' wealth in Jet Airways has been eroded massively as its market value has fallen from Rs 1,861.86 crore to Rs 330 crore.