April 18, 2019 3:26 pm
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.
April 16, 2019 10:20 pm
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.
April 14, 2019 9:51 pm
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.
April 04, 2019 1:10 am
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.
March 25, 2019 6:10 pm
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.
March 25, 2019 7:39 pm
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.
March 23, 2019 7:55 pm
"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.
March 18, 2019 8:24 pm
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.
July 23, 2014 1:36 pm
Naresh Goyal said the carrier is talking to its bankers without giving details of the discussions.
November 11, 2010 6:58 pm
Indian carriers have suffered a whopping debt of Rs 57,274 crore in 2008-09.
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