Page 6 - Jet Airways Crisis

Jet creditors to recover only $300-$400 mn in liquidation scenario: Report

"The expected recovery on owned planes and real estate is $300-400 million after repaying debt tied specifically to those assets," said one of the sources

Jet fails to find new suitor, further deadline extension for EoI unlikely

Avantulo, Russian fund and Synergy Group are the three bidders

Jet Airways fails to attract new bidders, deadline unlikely to be extended

With no new bidders emerging during this period, there are only three entities that had put in their initial bids earlier

After EOI submission, Synergy Group eyes 49% stake in Jet Airways

Govt norms mandate that substantial ownership and effective control of an airline must rest with Indian citizens

Jet Airways crisis: Lenders extend expression of interest deadline again

The lenders have given in-principal nod for the extra sum but will have to approve it through a vote this week

Jet Airways crisis: Lenders to discuss bids, interim funding today

The resolution professional had earlier received EoIs from Panama-based Avantulo Group and a Russian fund Treasury Creator

ED searches Jet founder Naresh Goyal's business, residential premises

The probe agency has also alleged that Goyal's companies executed several 'colourable transactions' under the guise of selling and distribution expenses

Jet Airways crisis: Irish lessor moves NCLT seeking to take back Boeing 777

Irish lessor moves NCLT seeking to take back Boeing 777

RP of Jet Airways wants NCLT to ask lenders for interim financing

The second CoC meeting will be held next week wherein the settlement proposal will be presented for approval

NCLAT seeks Jet lenders' response on Dutch insolvency administrator's plea

Appellate tribunal asks Jet lenders to file affidavit in a week, to next hear the case on September 4

NCLAT asks Jet lenders if they would cooperate with Dutch administrator

A three-member NCLAT bench headed by Chairman Justice S J Mukhopadhyay asked the Committee of Creditors (CoC) of Jet Airways to file an affidavit within a week in this regard

Govt allows airlines to use defunct Jet Airways' slots till year-end

Even after such flying rights are allocated to an airline, it must have slots at both the airports in order to start flight operations

Jet Airways creditors' claims balloon to Rs 30,558 cr as revival hopes fade

So far as the operational creditors are concerned (excluding the employees), the RP has admitted Rs 3,321 crore of claims

Jet Airways delays quarterly results, cites 'complexities of issues'

The affairs of Jet Airways, which closed down its operations on April 17, are now being managed by resolution professional Ashish Chhawchharia under the insolvency law

Top 10 business headlines: Aramco's RIL stake buy, angel tax relief & more

From Anil Agarwal pulling out of race for acquiring grounded Jet Airways to poorer states scoring big in GST mop-up, here are the top business headlines on Tuesday

Anil Agarwal pulls out of race for acquiring grounded Jet Airways

The remaining two EoIs will now be scrutinised by the resolution professional and submitted to the committee of creditors in the next meeting

Anil Agarwal changes his mind, says won't invest in Jet Airways

On Sunday, Agarwal's investment company Volcan Investment, had submitted an expression of interest in buying Jet Airways

Etihad says not feasible to reinvest in Jet, cites unresolved issues

Jet Airways, which shuttered operations on April 17, is undergoing insolvency proceedings and at least three entities have put in initial bids for the carrier

Jet gets three EoIs, Etihad backs out; applicants to be named on Tuesday

Panama-based fund Avantulo Group is one of the three entities to have expressed an interest

Jet employees seek interim financial relief till completion of resolution

The deadline for submission of initial bids under the insolvency resolution process ends on August 10