To avoid risks members should keep using their miles as regularly as they earn them
ADIA, Temasek, Blackstone, TPG sounded out on a joint bid
This is at least the fourth time that the airline has defaulted on debt repayment in recent months
State-owned banks, including State Bank of India and Punjab National Bank, are the main lenders to Jet.
There are six months of salaries to be paid, airport charges to be paid and lessor payments to be made
Jet Airways is flying 30-35 planes now and plans to operationalise an additional 40 grounded planes by April end
Jet's operating fleet reduced from 103 planes in October 2018 to 35 now, leading to massive cancellations and a surge in airfares
In terms of size, international reach, and slots, Air India is far ahead of its rival
Jet Airways would be approaching aviation watchdog DGCA to get next month's schedule approved for these 35 planes
Lenders have decided to invite expression of interest by April 9 and binding bids by April 30
Naresh Goyal, stepped down as chairman of Jet Airways on Monday under a debt resolution plan and transferred control to the lenders
Bankers take charge of airline, set May-end deadline for buyer
Over a decade ago, the government's deregulation had spawned the growth of private airlines, bringing a new level of customer service in Indian skies
Reviving Jet and then selling won't be easy for lenders
The committee under the overall supervision of the airline's board, was announced after founder Naresh Goyal was forced to step down from the board
Naresh Goyal has been known as a tough negotiator and suave businessman who helped sway policy environment to suit his airline
Goyal, with 25 per cent, can try and rope in new global partner replacing Etihad and bid together to get Jet back
With no knight in shining armour on the horizon, Jet Airways' days seem numbered
Consortium of lender led by the SBI has agreed to put in Rs 1,500 crore immediate funding by acquiring 51% stake
SpiceJet chief Ajay Singh also said that it was a wake-up call for Indian policy makers