Page 10 - Jet Airways Crisis

Take-off for Jet is still uncertain despite Etihad submitting a formal bid

The resolution plan of Jet Airways, which underwent multiple changes, was structured around conversion of debt into equity and a rights issue to recapitalise the airline

Etihad flies in to rescue Jet, submits conditional offer for minority stake

Banks to decide on legality of two unsolicited bids

SBI says it has received two unsolicited bids for crisis-hit Jet Airways

This is nearly a month after the airlines was forced to ground all operations due to funding troubles

UK firm offers bid for grounded Jet Airways, keen to partner Etihad

Sources involved in the bidding process confirmed that the entity had submitted a bid but expressed doubt over its acceptance

Taj Mahal Palace offers jobs to employees of grounded Jet Airways

The hotel chain is owned by the Tata group which had earlier expressed interest to pick a stake in the beleaguered airline

HDFC puts Jet's Mumbai office space for sale to recover Rs 414 cr

The office, spread over 52,775 sq ft carpet area, in Mumbai's suburban financial centre Bandra Kurla Complex (BKC), is on the fourth floor of the building 'Jet Airways Godrej BKC'

Other airlines step in to fill up Jet-shaped hole in sky within 12 months

According to CAPA, in 2019-20, domestic traffic is projected to grow at around 14-16 per cent, while international traffic will grow by 10-12 per cent

Prabhu seeks report on allocation of Jet Airways' slots to other airlines

The development also comes against the backdrop of concerns raised in certain quarters about the process being followed in temporary allocation of Jet Airways' slots

Jet Airways pilots' union urges SC to direct SBI to release funds

SBI is the lead banker of the consortium of lenders to Jet

Vistara's Europe plans likely to get grounded Jet Airways wings

The plan, if fructified, will give a push to the airline's ambitious international plans to long haul routes to Europe and North America

Pilots of grounded Jet Airways move SC seeking interim funding from SBI

The petition filed by National Aviators Guild has sought a direction to the Centre and the DGCA to disallow slots of Jet Airways to other airlines on permanent basis

Naresh Goyal hopes for Jet Airway's revival in letter to employees

The former Chairman said he hopes the bank-led resolution plan will succeed and that a successful bidder will emerge by May 10

Jet Airways' security services to 38 foreign carriers to end on 10 May

Jet Airways has informed foreign airlines it would be unable to provide security services to them after May 10

As Jet turns 26, employees gather at Delhi airport, see scope for revival

Employees in their uniforms displayed placards, with messages such as 'Save Jet Airways Save our future'.

Govt likely to allot Jet Airways' overseas traffic rights to other airlines

Traffic rights or seat entitlements on overseas routes are exchanged between governments of respective countries through Air Service Agreements

Liabilities biggest hurdle to Jet Airways sale: SBI chief Rajnish Kumar

Creditors led by State Bank of India have put Jet Airways up for sale after the carrier failed to pay back debt

Why Brand Jet collapsed within 12 months of celebrating silver jubilee

Price wars, rising costs, and an inability to meet its brand promise have led Jet to the crowded pile of dumped airline brands, say experts

No takers for Jet Airways yet, staff consider bankruptcy proceedings

Jet Airways was forced to stop all flight operations on April 17 after its lenders declined to extend more funds

Jet Airways stock plunges 12%, hits 52-week low of Rs 122 during the day

The company's market valuation went lower by Rs 209.14 crore to Rs 1,531.86 crore on the BSE

Prepaid forex cards held by over 1,300 Jet Airways staffers 'frozen'

The cards were given to the Jet staff operating international flights for taking care of the expenses incurred overseas