Jet Airways Crisis

Jet Airways crisis: The National Company Law Tribunal (NCLT) adjourned the key hearing on the revival plan for grounded airline on December 17 due to lack of time

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.

PMC Bank Crisis: An account holder at the Punjab Maharashtra Co-operative (PMC) Bank, who had deposits of over Rs 90 lakh with the troubled bank, died in Mumbai on Monday. He died of a heart attack hours after attending a protest by distressed customers of the bank outside a Mumbai court.

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

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.

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

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.

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

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

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.

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

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

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

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

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 crisis: The National Company Law Tribunal (NCLT) adjourned the key hearing on the revival plan for grounded airline on December 17 due to lack of time

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.

PMC Bank Crisis: An account holder at the Punjab Maharashtra Co-operative (PMC) Bank, who had deposits of over Rs 90 lakh with the troubled bank, died in Mumbai on Monday. He died of a heart attack hours after attending a protest by distressed customers of the bank outside a Mumbai court.

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

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.

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

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.

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

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

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.

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

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

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

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

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