Journalism of Courage
JET Airways
Follow on:
Jet Airways: A Rise, Fall, and Final Demise Jet Airways, once a dominant player in India's aviation sector, commenced operations in 1993, evolving from an air taxi service to a full-service airline by 1995. International flights were added in 2004, followed by an initial public offering in 2005. The...
- Founded 1 April 1993
- Headquarters Mumbai, Maharashtra, India
- Key people Murari Lal Jalan (non-executive Chairman)
- Revenue ₹252 billion (US$2.9 billion) (FY 2017-18)
- Subsidiaries JetKonnect
- Website www.jetairways.com
Related Other Pages:
- Vistara, SpiceJet and Air Canada
JET Airways history
Last Updated : 11/03/25, 07:03 AM
Jet Airways: A Tumultuous Journey Jet Airways, granted scheduled airline status in 1995, rapidly expanded its domestic network. Early success saw it secure a significant market share, fueled by a substantial Boeing aircraft order. The airline's trajectory changed in 1997 when the Indian government r...
JET AIRWAYS NEWS
Loan fraud: Jet Airways founder Naresh Goyal moves Bombay HC against ‘illegal arrest’ in ED case
September 17, 2023 3:43 pm
The ED claims that he siphoned off a 538.62-crore loan, diverted the airline's funds and paid salaries of his daughter's company with the funds.
Jet Airways founder Naresh Goyal to be lodged at Arthur Road jail after court sends him to judicial custody for 2 weeks
September 15, 2023 1:45 am
The ED had arrested Naresh Goyal, claiming he had siphoned off the loan amount given by the Canara Bank to Jet Airways and diverted company funds by appointing his family members in the company and paying salaries of a company floated by his daughter.
From rags to riches to grounding: The story of Jet Airways’s Naresh Goyal
September 06, 2023 7:52 am
Jet took off in May 1993 as a full-fledged private carrier post liberalisation, it took over Air Sahara in 2007, but was grounded in April 2019 after an SBI-led consortium refused emergency fund infusion.
Bank loan fraud case: Naresh Goyal sent in ED custody till Sept 11
September 04, 2023 5:57 pm
Goyal (74) was arrested on Friday night after he was questioned for over seven hours in connection with alleged money-laundering of a Rs 538.62-crore loan given by Canara Bank to the company.
ED arrests Jet Airways founder Naresh Goyal in bank fraud case
September 02, 2023 12:31 pm
Goyal, 74, is expected to be produced before a special PMLA court in Mumbai on Saturday where the ED will seek for his custodial remand.
Meet Birju Salla, the diamond trader who pretended to be a ‘hijacker’ for ‘love'
August 10, 2023 10:35 am
According to the prosecution NIA, Salla allegedly planted the note in the hope that if he defames the airlines, Jet Airways would be forced to close its Delhi operations, and Salla’s “girlfriend” – who worked in the airline's Delhi office – would return to Mumbai, where Salla lived.
Gujarat High Court acquits Mumbai businessman of hijacking charges after NIA court sentenced him to life
August 08, 2023 12:58 pm
The high court held that the accused could not have been convicted for the offence of hijacking “on the premise of evidence which is tainted with doubt”.
DGCA extends Jet Airways air operator certificate for completion of insolvency process
July 31, 2023 6:28 pm
JKC said it remains "fully dedicated to the revival of Jet Airways and is committed to Implementing a comprehensive strategy to ensure the airline's success."
ED registers fresh case against Jet Airways founder Naresh Goyal, raids 8 locations
July 20, 2023 1:58 am
The fresh case against Goyal is based on a May 3 case filed by the Central Bureau of Investigation (CBI) in its Delhi office in connection with defrauding Canara Bank to the tune of Rs 538 crore.
CBI books EPFO official, 13 ex-employees of Jet Airways in PF claims fraud case
July 13, 2023 9:48 pm
The CBI has filed a case against Bamne, his wife and 13 former employees of Jet Airways under criminal conspiracy and provisions of the Prevention of Corruption Act, the officials said.
