Jet Airways Debt
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Jet Airways' Return To Skies Delayed With Plane Talks In Limbo
Jet Airways India Ltd, the carrier undergoing a court-monitored process to emerge from bankruptcy, won't return to the skies this month as previously planned, according to people familiar with the matter.
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Jet Airways' Test Flight Prepares For Return To Service
Jet Airways is now headed by a new set of owners, after collapsing under a pile of debt in 2019
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"Deposit 18,000 Crore For Travel Abroad": Court To Jet's Naresh Goyal
If Naresh Goyal, founder of the cash-strapped Jet Airways, wants to go abroad, he should first deposit as guarantee Rs 18,000 crore his company owes to lenders, the Delhi High Court observed Tuesday while refusing to allow him to leave India.
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Ex-Jet Chairman Naresh Goyal, Wife Stopped At Mumbai From Flying Abroad
Former Jet Airways chairman Naresh Goyal and his wife were stopped by Mumbai immigration from travelling abroad, news agency PTI reported on Saturday.
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Election 2019: Naresh Goyal's First Public Appearance Since Jet Crisis, At A Poll Booth
Naresh Goyal, founder of the recently grounded Jet Airways, came out to cast his vote in Mumbai on Monday in the fourth phase of the national election. This was Naresh Goyal's first public appearance since the airline stopped its operations indefinitely because of its colossal debt, leaving thousands of employees without a job overnight
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Jet Airways Delegation Meets Arun Jaitley, Seeks Pending Salaries
Union Finance Minister Arun Jaitley on Saturday assured a delegation of Jet Airways executives that the bidding process for the cash-strapped airline will be completed in four to five weeks. The meeting came two days after Jet Airways grounded its flights in the face of mounting debt, leading to fears of over 20,000 employees losing their jobs.
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Crew Of Jet Airways' Last Flight Pose For A Final Photo
The crew of the last Jet Airways flight poses for a commemorative photograph after the flight completed its journey from Amritsar to Mumbai. The airline faces debts over 8,000 crores and has failed to secure funding to pay lenders
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Jet Airways Crisis Explained In 10 Points
Jet Airways, the cash-starved Indian carrier, has suspended all operations from Wednesday night after the State Bank of India-led consortium of lenders turned down its request for emergency funds. The airline, founded by Naresh Goyal, was under Rs 8,000 crore debt and was struggling to stay afloat. Until recently, the airline was the second largest...
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Jet Airways Suspends Operations, Hopes To Be Back Soon: 10 Points
Jet Airways, once India's top airline now hit by a debt-crisis, said on Wednesday that it was suspending operations temporarily, having failed to secure emergency funds from its lenders. The airline, saddled with more than Rs 8,000 crore of bank debt, has been teetering for weeks after failing to receive a stop-gap loan of about Rs 1,500 crore from...
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Naresh Goyal Puts In Bid For Stake In Jet Airways: Airline Sources
Jet Airways founder Naresh Goyal has put in bid for buying stake in the ailing airline, sources said.
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Jet To Pay December Salaries As Pilots Threaten Strike From Tomorrow
Indebted carrier Jet Airways will pay December salaries to pilots and aircraft maintenance engineers but for now cannot pay more recent overdue wages, its chief executive said on Saturday after pilots threatened to strike over payment delays. Jet Airways has delayed payments to pilots, suppliers and lessors for months and defaulted on loans after r...
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What's Next For Jet Airways After Founder Naresh Goyal's Exit: Ten Points
Jet Airways founder-chairman Naresh Goyal and his wife, Anita, resigned from the airline's board of directors today while state-run lenders announced a Rs 1,500 crore bailout plan. The two took the step at a time when a majority of its fleet has been grounded amid non-payment of dues to banks, suppliers, pilots and lessors. The total debt of the tr...
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Jet Airways Grounds Seven More Planes Amid Shutdown Fears
Debt-laden Jet Airways has grounded seven more planes after failing to pay for its aircraft leases, heaping pressure on its founder as a ballooning crisis threatens its survival.
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"Had To Pawn Mother's Ornaments": Jet Pilots Plead For Unpaid Salaries
We try to forget the stress we are under when we enter the cockpit to fly, but we are only human beings- That is the message of senior Jet Airways commanders who haven't been paid in nearly four months at a time when the airline, one of the biggest aviation brands in India, appears to be descending into a free-fall given its dire financial state.
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"PM Using Public Money For Jet Airways's Bailout Package": Congress
The Congress on Wednesday accused Prime Minister Narendra Modi of doling out public money by directing state-run banks to bailout Jet Airways by converting its debt into equity.
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Jet Airways' Return To Skies Delayed With Plane Talks In Limbo
Jet Airways India Ltd, the carrier undergoing a court-monitored process to emerge from bankruptcy, won't return to the skies this month as previously planned, according to people familiar with the matter.
-
Jet Airways' Test Flight Prepares For Return To Service
Jet Airways is now headed by a new set of owners, after collapsing under a pile of debt in 2019
-
"Deposit 18,000 Crore For Travel Abroad": Court To Jet's Naresh Goyal
If Naresh Goyal, founder of the cash-strapped Jet Airways, wants to go abroad, he should first deposit as guarantee Rs 18,000 crore his company owes to lenders, the Delhi High Court observed Tuesday while refusing to allow him to leave India.
-
Ex-Jet Chairman Naresh Goyal, Wife Stopped At Mumbai From Flying Abroad
Former Jet Airways chairman Naresh Goyal and his wife were stopped by Mumbai immigration from travelling abroad, news agency PTI reported on Saturday.
-
Election 2019: Naresh Goyal's First Public Appearance Since Jet Crisis, At A Poll Booth
Naresh Goyal, founder of the recently grounded Jet Airways, came out to cast his vote in Mumbai on Monday in the fourth phase of the national election. This was Naresh Goyal's first public appearance since the airline stopped its operations indefinitely because of its colossal debt, leaving thousands of employees without a job overnight
-
Jet Airways Delegation Meets Arun Jaitley, Seeks Pending Salaries
Union Finance Minister Arun Jaitley on Saturday assured a delegation of Jet Airways executives that the bidding process for the cash-strapped airline will be completed in four to five weeks. The meeting came two days after Jet Airways grounded its flights in the face of mounting debt, leading to fears of over 20,000 employees losing their jobs.
-
Crew Of Jet Airways' Last Flight Pose For A Final Photo
The crew of the last Jet Airways flight poses for a commemorative photograph after the flight completed its journey from Amritsar to Mumbai. The airline faces debts over 8,000 crores and has failed to secure funding to pay lenders
-
Jet Airways Crisis Explained In 10 Points
Jet Airways, the cash-starved Indian carrier, has suspended all operations from Wednesday night after the State Bank of India-led consortium of lenders turned down its request for emergency funds. The airline, founded by Naresh Goyal, was under Rs 8,000 crore debt and was struggling to stay afloat. Until recently, the airline was the second largest...
-
Jet Airways Suspends Operations, Hopes To Be Back Soon: 10 Points
Jet Airways, once India's top airline now hit by a debt-crisis, said on Wednesday that it was suspending operations temporarily, having failed to secure emergency funds from its lenders. The airline, saddled with more than Rs 8,000 crore of bank debt, has been teetering for weeks after failing to receive a stop-gap loan of about Rs 1,500 crore from...
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Naresh Goyal Puts In Bid For Stake In Jet Airways: Airline Sources
Jet Airways founder Naresh Goyal has put in bid for buying stake in the ailing airline, sources said.
-
Jet To Pay December Salaries As Pilots Threaten Strike From Tomorrow
Indebted carrier Jet Airways will pay December salaries to pilots and aircraft maintenance engineers but for now cannot pay more recent overdue wages, its chief executive said on Saturday after pilots threatened to strike over payment delays. Jet Airways has delayed payments to pilots, suppliers and lessors for months and defaulted on loans after r...
-
What's Next For Jet Airways After Founder Naresh Goyal's Exit: Ten Points
Jet Airways founder-chairman Naresh Goyal and his wife, Anita, resigned from the airline's board of directors today while state-run lenders announced a Rs 1,500 crore bailout plan. The two took the step at a time when a majority of its fleet has been grounded amid non-payment of dues to banks, suppliers, pilots and lessors. The total debt of the tr...
-
Jet Airways Grounds Seven More Planes Amid Shutdown Fears
Debt-laden Jet Airways has grounded seven more planes after failing to pay for its aircraft leases, heaping pressure on its founder as a ballooning crisis threatens its survival.
-
"Had To Pawn Mother's Ornaments": Jet Pilots Plead For Unpaid Salaries
We try to forget the stress we are under when we enter the cockpit to fly, but we are only human beings- That is the message of senior Jet Airways commanders who haven't been paid in nearly four months at a time when the airline, one of the biggest aviation brands in India, appears to be descending into a free-fall given its dire financial state.
-
"PM Using Public Money For Jet Airways's Bailout Package": Congress
The Congress on Wednesday accused Prime Minister Narendra Modi of doling out public money by directing state-run banks to bailout Jet Airways by converting its debt into equity.
