Journalism of Courage
JET Airways
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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
Jet Airways loss widens to Rs 5,536 crore in 2018-19
July 29, 2020 12:43 pm
Shares of Jet Airways declined nearly five per cent to Rs 29.10 apiece in early trade on the BSE.
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.
