Page 4 - Jet Airways Crisis

ED grills ex-Jet Airways chief Naresh Goyal, asks him to appear on Friday

This will be the third consecutive day of questioning. On Wednesday, he was summoned to ED Mumbai's office, where he was interrogated for four hours and taken to his residence later in the evening

Jet lenders seek fresh expressions of interest, extend deadline to March 9

Against this backdrop, the CoC extended the last date of submission of resolution plans to March 9. The earlier deadline for submitting the bids was February 18

Jet Airways COC extends deadline for submitting resolution to March 9

The meeting took place in the backdrop of two suitors, showing interest in the grounded airline but failing to submit a resolution plan for bid submissions on Monday

Domestic air passenger traffic grows by just 3.74% in 2019: DGCA

Grounding of Boeing 737Max aircraft and ongoing issues with AirbusA320Neo engines, too, has slowed down capacity growth

Air traffic grows slightly by 3.74% to 14.41 cr in 2019 due to Jet collapse

The passenger load factors of all major airlines - Air India, SpiceJet, GoAir, IndiGo, AirAsia India and Vistara - declined in December 2019 as compared to November last year, as per the DGCA data.

Jet Airways to sell one of its Boeing 777 aircraft to Netherland's KLM

The deal value has not been disclosed, but sources said could fetch the airline around $23 million

Top biz headlines: Bezos' India pitch, Airtel's fundraising, and more

From Huawei's likely 5G trial to DHFL-lenders meet, Business Standard brings you the top business headlines of the day

Bankrupt Jet Airways plans to sell Netherlands biz to Dutch airline KLM

The domestic full-service carrier, which shuttered operations last April, is undergoing insolvency resolution process

Jet Airways dips 5% amid reports Hinduja Group backs out, EoI deadline ends

The beleaguered airline had shut its operations in April last year due to severe cash crunch. It was admitted under the insolvency process in June, 2019.

Synergy Group gives new expression of interest for beleaguered Jet Airways

In the first round of bidding, Synergy had questions for the civil avaition ministry on availability of slots in the domestic and international routes

Jet Airways lenders give time till January 15 for submission of EoIs

Jet has completed 180 days of its insolvency proceedings and has extended the corporate insolvency process by another 90 days.

Year in Review: Jet collapse to NBFC mess, biggest business news of 2019

With 2019 drawing to a close, Business Standard looks at the biggest news developments from the world of business that shaped the year

Indian airlines may hire fewer pilots in 2020 compared to last year

Pilot appointment, however, cannot be equated with pilot availability.

737 Max grounding, Jet crisis may drag down passenger growth to 4%: Crisil

The domestic traffic data in the April-September period, during which the passenger volume grew a mere 2 per cent, also reflects this estimate, rating agency said in its aviation outlook note.

Jet Airways hits upper circuit on report Hinduja Group may bid for airline

Last week, Jet Airways had informed the exchanges that the had CoC passed the resolution to issue fresh invitation of Expression of Interest.

Year in Review: Top 10 corporate events and crises India Inc faced in 2019

From DHFL, PMC and Karvy crises to the suicide of CCD promoter V G Siddhartha and arrest of the Singh brothers, these corporate events and scandals made strong headlines in 2019

Billionaire Hinduja brothers set to bid for Jet Airways by Jan 15: Report

Deliberations are at early stage and Hinduja Group may decide against bidding, or other bidders may emerge, the people said

Post NCLT extension, Jet Airways' creditors decide to seek fresh bids

The Committee of Creditors (CoC) would seek fresh Expression of Interest (EoI), according to a regulatory filing on Monday

NCLT directs Jet Airways lenders to expedite decision on fresh EOIs

The RP on December 17 had told the tribunal that until now two investors have shown interest in the airline

Jet lenders to invite fresh bids as parties are willing to revive airline

The CoC will vote on restarting the bid process on Friday and the results will be out on Saturday