Page 5 - Jet Airways Crisis

Will certainly consider investors' plan for Jet's rescue: DGCA to NCLT

The NCLT will hear the Synergy Group on Thursday about the company's clarifications on its stand on the airport slots.

Airlines fail to gain from fuel price cut, may post $600 mn loss in FY20

The financial projections are based on the assumptions that oil prices are in the range of $60-65 per barrel, exchange rate is Rs 70-72 against USD and that airlines maintain pricing discipline.

Never told Parliament anything about providing jobs to Jet employees: Puri

The minister was replying to an allegation by AAP Rajya Sabha MP Sanjay Singh who on November 27 said in the House that Puri had "assured" Parliament "no employee of Jet Airways would lose job

Govt should protect 'historical rights' of Jet over its slots: Employees

After Jet Airways ran out of funds, it had shut down operations on April 17 and this led to a sudden rise in domestic and international airfares

Jet creditors seek 90-day extension in insolvency resolution process

Synergy Group is the only interested entity shortlisted by the Resolution Professional's team to file a plan for the defunct airlines

Providing jobs to former Jet employees not in our domain: Govt in RS

According to Minister of Civil Aviation Hardeep Singh Puri, it is the job of the management of an airline to keep it afloat.

Synergy group seeks time till February to submit Jet resolution plan

Group seeks clarity on securing airport slots in India and London; airline's lenders to meet next week to consider its request

Jet grounding, delays overshadow Dubai Airshow; airlines review fleet plans

Top of their agenda will be the worldwide grounding of the 737 MAX in the wake of two deadly crashes

Top headlines: PV sales snap 11-month slide in Oct, Uddhav faces acid test

As many as 70,000 employees of BSNL have already opted for the VRS scheme which was launched last week

Jet Airways, Naresh Goyal under SFIO lens; stock hits lower circuit

The grounded Jet Airways owes over Rs 8,000 crore to its lenders. Besides, the airline is estimated to have a total liability of about Rs 25,000 crore which includes dues of operational creditors.

Lost Jet capacity back in air: With 5 new aircraft, carriers' fleet at 618

When Jet Airways was operating to its full schedule, the total fleet size of Indian airlines had peaked at 614 in January

Not a solution

A test will not ensure accountability of independent directors

NCLAT decision on Jet's CoC meetings a welcome signal to foreign investors

The NCLAT's decision is based on a 'Cross Border Insolvency Protocol' agreed upon by the Dutch insolvency court administrator and the Indian Resolution Professional of debt-laden Jet Airways

NCLAT allows Dutch court administrator to attend Jet Airways CoC meetings

The grounded Jet Airways owes more than Rs 8,500 crore to lenders

Dutch court administrator, Jet Airways' RP agree to cooperate in insolvency

Jet is facing insolvency proceedings in the Netherlands, which is a regional hub for the Euro operations of the airline

Synergy Group in talks with lenders, govt on grounded Jet Airways revival

A source privy to the development said the group's representatives were planning to meet aviation ministry officials this week before taking a call on whether to send a team for detailed due diligence

Enforcement Directorate grills Naresh Goyal over diversion of Jet funds

The enforcement agency is probing Goyal's offshore investments which were made through diversion of funds from Jet Airways to 19 shell companies allegedly managed by him

FEMA violation case: Jet Airways founder Naresh Goyal questioned by ED

This is the first time that the central agency is grilling him after it conducted searches against him last year

Synergy Group, RA Treasury make the cut for reviving defunct Jet Airways

Avantulo Group and RA Treasury were the first ones to submit their intent

NCLAT directs Jet Airways IRP, Dutch court administrator to coordinate

NCLAT also asks interim resolution professional to submit copy of draft agreement in two weeks, to hear matter on Sep 20