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Thursday, June 04, 2020

JET airways


Jet Airways insolvency resolution professional seeks fresh EoI for defunct airline

May 13, 2020 1:42 pm

The last date for submission of bid documents is May 28 and the final list of prospective resolution applicants will be issued on June 10, as per a public document.

NCLT approves another 90-day extension for Jet Airways insolvency process

March 19, 2020 5:03 am

The 270-day deadline for the insolvency process ended on March 15. FE last week reported that the process had come to a standstill without concrete resolution plans from potential buyers.

Airline shares tumble as global travel restrictions hit investor sentiment

March 12, 2020 12:43 pm

Shares of IndiGo, SpiceJet and the defunct Jet Airways were deep in the red in the morning trade, with SpiceJet slumping over 18 per cent.

ED files money laundering case against Naresh Goyal

March 05, 2020 11:42 am

Last year, the ED questioned Goyal and searched multiple premises associated with him, after registering a case under the Foreign Exchange Management Act.

Weak demand, Jet collapse: Single digit growth in domestic passenger traffic in 2019, a first in 5 years

January 21, 2020 7:22 am

In 2018, passenger traffic growth was recorded at 18.60 per cent over the previous year, while in 2017 passenger traffic grew at 17.31 per cent.

IDBI Bank, IOB seek exemption from releasing funds for Jet Airways insolvency

January 09, 2020 1:31 am

IDBI Bank has filed an application with the NCLT seeking exemption from paying for Jet’s insolvency process. The Bench directed both IDBI Bank and IOB to approach the Reserve Bank of India (RBI) on the matter.

Jet Airways shares gain 5 per cent as Hinduja Group likely to bid for the airline

December 31, 2019 12:56 pm

As per media reports, the UK-based Hinduja Group plans to submit an expression of interest by the January 15 deadline, signalling its intent to make a formal offer.

NCLT okays extension of 90 days for Jet insolvency resolution

December 21, 2019 6:20 am

Jet Airways was admitted for insolvency on June 20, after lenders failed to sell the grounded airline. The 180-day deadline as stipulated under the Insolvency and Bankruptcy Act, 2016, for the resolution of the airline ended on December 16.

23,403 flights a week this winter schedule, 1.2% more than last yr

October 19, 2019 1:15 am

The highest growth over last year’s schedule in percentage terms was witnessed by full-service carrier Vistara, which will operate 1,376 flights per week compared with 838 flights a week last year, representing a growth rate of 64.2 per cent.

NCLAT allows Dutch court administrator to attend Jet Airways CoC meets

September 27, 2019 4:00 am

The order assumes significance as the Insolvency and Bankruptcy Code 2016 does not deal with cross-border insolvency, which means when insolvency proceedings are moved against the same company in two different countries.


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

April 19, 2019 9:47 am

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.

Passenger coach rams into stationary Air India plane in Kolkata

December 22, 2015 3:55 pm

Jet Airways passenger bus rams into stationary Air India flight at Kolkata airport, no casualties.

Smriti Irani at Children's Day celebrations

November 14, 2014 5:49 pm

Former cricketer Sachin Tendulkar met with under-privileged children at a domestic airport terminal in Mumbai on the eve of Children’s Day on Thursday (November 13).


Passengers on Jet Airways flight suffer ear, nose bleeding after crew forget to maintain cabin pressure

September 20, 2018 3:20 pm

The passengers on a Jet Airways Mumbai-Jaipur flight suffered nose and ear bleeding on Thursday after the crew forgot to maintain cabin pressure. The flight had to turn back and the crew was taken off duty.

How often our airlines experience technical snags: News in Numbers

July 30, 2018 2:56 am

Domestic airlines have reported the number of technical snags they have experienced. Of them all, IndiGo's numbers jump out, because it first reported 340 odd snags and when rivals reported the number suspect, it was revised to over 14,000 snags.

Kavita Krishnamurthy opines on Sonu Nigam's Jet Airways row

February 09, 2016 8:17 am

New Delhi, Feb 8 (ANI): Speaking on the on-going Sonu Nigam's Jet Airways controversy, singer Kavita Krishnamurthy supported her counterpart, saying that suspension was a harsh decision. Sonu Nigam recently made headlines for performing on medley of songs on the Jet Airways flight, following which the airline has suspended the entire cabin crew of that flight. The 'Bole Chudiyan' songstress, who has worked with a variety of music composers including R. D. Burman, Hamsalekha and A. R. Rahman, was recently spotted at a musical night 'Basant Ke Rang' held in the national capital. Others who performed at the event were singer Shabir Kumar, and `Uttaran` famed TV star Sreejita among others.