Jet Airways debt

Jet Airways debt News

Jet Airways grounded as lenders refuse bailout, 16,500 jobs up in the air

State Bank of India had this week said the bid process for “orderly sale” of equity in the airline is currently being run by SBI Caps and is being vetted by the legal team.

Indigo to add 18 new flights on Mumbai-Delhi route after Jet Airways cuts down operations

In a board meeting on Tuesday, the Jet Airways management proposed to suspend all operations of the debt-laden airline, an ET Now report said citing sources.


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.

SC order on RBI circular may impact Jet Airways debt swap, power firms’ referral to NCLT

A key part of the resolution plan proposed by the lenders, and cleared by Jet Airways’ board, was conversion of the airline’s debt into equity for a notional value of Re 1 per share picking up 50.1 per cent stake in the company.

Naresh Goyal, wife step down from Jet Airways' board

With this, Naresh Goyal ceases to be the chairman of the airline, which has been grappling with more than Rs 8,200 crore debt, unpaid salaries and a grounded fleet.

Sad day for Indian aviation, wake up call for policymakers: SpiceJet chief on Jet crisis

Saying that the development was a wake-up call for Indian policymakers, SpiceJet chairman and managing director Ajay Singh said there was an urgent need to address structural challenges in the aviation sector.


Jet Airways 'confident' of resolving crisis, working on finalising resolution plan

"Jet Airways is currently operating a curtailed schedule, having made certain proactive adjustments, bearing in mind the likely, yet interim non-availability of some aircraft in its fleet in the near future," the spokesperson said.

In letter to staff, Jet Airways chief says he is committed to restore stability to operations

In a communication to employees on Monday, Goyal said talks with the airline's strategic partner Etihad Airways, which owns 24 per cent stake in Jet, and SBI-led lenders were going on.

Jet Airways chairman Naresh Goyal says will restructure debt, talking to bankers

Naresh Goyal said the carrier is talking to its bankers without giving details of the discussions.

Indian carriers carry Rs 57,274 cr debt

Indian carriers have suffered a whopping debt of Rs 57,274 crore in 2008-09.