Jet Airways News

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.

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.

Clarity On Jet Airways Expected In A Week: SBI Chief Rajnish Kumar

Business | Indo-Asian News Service | Saturday May 18, 2019

Lenders of Jet Airways, led by the SBI, are currently in the process of selling the airline to recover their dues of over Rs 8,400 crore.

Jet Airways Shares Fall After CEO, Other Top Executives Resign

Business | NDTV Profit Team | Wednesday May 15, 2019

Jet Airways share price today: The stock fell a day after the grounded airline said its chief executive officer Vinay Dube had resigned. On the Bombay Stock Exchange, Jet Airways shares opened at Rs 121.10 apiece on Wednesday, and dived 6.86 per cent to an intraday low of Rs 120.25, from their previous close of Rs 129.10.

Jet Airways Shares End 7% Lower, Down Over 46% Since Grounding Of Airline

Business | NDTV Profit Team | Tuesday May 14, 2019

Jet Airways share price today: The now-grounded Jet Airways said on Tuesday that its deputy CEO and chief financial officer Amit Agarwal has resigned. The Jet Airways share price was on course to close lower for a second consecutive session.

Investors Demand Write-Offs As Jet Airways Owes Over Rs 11,000 Crore: Report

Business | Indo-Asian News Service | Monday April 22, 2019

Last week, Jet Airways announced temporary suspension of all its flight services as it failed to secure interim funding

Jet Airways Employees Considered Taking Over Airline: Pilots' Union

Business | Indo-Asian News Service | Sunday April 21, 2019

Internal differences of opinion on employees taking over the management of Jet Airways did not permit pursuing the idea, said the official

Jet Lenders To Approach Debt Recovery Tribunal If Stake Sale Process Fails: Report

Business | Indo-Asian News Service | Sunday April 21, 2019

Approaching the DRT, as a last option is a major departure from the earlier speculation that the airline will be taken to the NCLT

SpiceJet Hires More Than 100 Jet Airways Pilots, Cabin Crew: Report

Business | NDTV Profit Team | Friday April 19, 2019

SpiceJet Ltd., which has been consistently increasing its fleet, is giving jobs to pilots, cabin crew, technical and airport staff who recently lost their jobs due to closure of Jet Airways, news agency ANI tweeted citing SpiceJet. SpiceJet has already provided jobs to more than 100 pilots, more than 200 cabin crew and more than 200 technical and a...

Jet Airways Shares Nosedive After Airline Suspends All Flights

Business | NDTV Profit Team | Thursday April 18, 2019

Jet Airways crisis: The decision by Jet Airways late on Wednesday, to indefinitely suspended its domestic as well as international operations, came after the ailing airline failed to secure a bailout from lenders.

Jet Airways Suspends All Flights As It Fails To Get Emergency Funds

Business | NDTV Profit Team | Wednesday April 17, 2019

Jet Airways crisis: Jet Airways had requested emergency funds worth Rs 400 crore from the State Bank of India-led consortium of lenders to stay afloat.

Jet Airways Lenders To Invite Bids For Stake Sale On April 6

Business | Press Trust of India | Friday April 5, 2019

Jet Airways crisis: The bids would be invited on April 6 and the last date for submission would be April 9, the lenders said in a statement.

Jet To Pay December Salaries As Pilots Threaten Strike From Tomorrow

India News | Reuters | Sunday March 31, 2019

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...

Jet Airways Surges For Second Day As Board Approves Resolution Plan

Business | NDTV Profit Team | Tuesday March 26, 2019

Jet Airways share price surged for second day in a row, rising as much as 8.80 per cent to Rs 276.90 on the BSE. In yesterday's session Jet Airways share price rose 13 per cent.

Jet Airways Shares Plunge 9% After Reports Of Cost-Cutting Measures

Business | NDTV Profit Team | Friday August 3, 2018

Jet Airways shares opened lower at Rs 323.90 apiece on the NSE and plunged to Rs 301.10 at the day's lowest level. Jet Airways shares traded with huge volumes during Friday's session. By 2:44 pm, more than 17 lakh Jet Airways shares had changed hands, as against a two-week average of 4 lakh.