jet airways crisis

jet airways crisis News

Stock exchanges to impose trading restrictions on Jet Airways shares

Cash-starved Jet Airways suspended operations in April and lenders are working on ways for revival of the airline.

Former Jet Airways chairman Naresh Goyal, wife stopped from going abroad

A Jet employee, who did not want to be named, said Kiran Pawaskar, president of the All India Jet Airways Officers and Staff Association, had recently met the Mumbai Police Commissioner and asked the police to keep a close watch on Naresh Goyal’s movements.

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Mango exporters have to pay more as airlines hike freight charges after Jet crisis

Exporters operating from the Vashi wholesale market in Navi Mumbai said mangoes are sent via the air route to European, American, middle-eastern and other markets via the air route.

Jet Airways employees take out silent march at Kolkata airport, appeal to Centre

According to the employees, airport operators will lose parking and airport landing charges and other rental revenues from Jet Airways. These charges will have an impact on the pricing of the air tickets in future.

Jet Airways' pilots defer strike, will take call after management's meeting with SBI

The move comes hours after the cash-strapped airline governing body National Aviators' Guild's staff announced their decision this morning to not fly from 10 am on Monday.

1,100 Jet Airways pilots decide not to fly from tomorrow: National Aviator's Guild

The pilots along with engineers and senior management have not received their salaries for three months, whereas employees of other categories have not been paid for the month of March.

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Explained: Jet Airways flights cancelled; here is what happens next

Jet Airways cancelled all its international operations till Monday, severely hitting India's international connectivity given that Jet Airways was the largest international airline in the country.

Jet Airways' ground staff demonstrate at Mumbai airport over unpaid salaries

Jet Airways’ pilots’ body, the National Aviators Guild (NAG), on Tuesday had served a legal notice to the airline, setting an April 14 deadline for the new management to clear the employees' salary dues.

Crisis in Jet deepens: most international, internal flights suspended

According to industry sources, the airline is set to operate only five departures from Mumbai, one from Bengaluru and about 20 from Delhi on Friday.

Jet Airways stake sale: Lenders get ‘some’ bids, extend deadline to April 12 to get more parties

On Wednesday, shares of Jet Airways ended trading at Rs 263.40, 1.59 per cent lower than Tuesday’s close on the Sensex at the BSE.

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'Where are my clipped wings,' Jet Airways' employees protest after airline grounded

The airline will need at least Rs 5,000-6,000 crore for revival and get back to normalcy. The company said it will now await the bid finalisation process by SBI and the consortium of Indian lenders.

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