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May 28, 2019 1:21 pm
What is a Look-Out Circular, and when can it be issued? Does an LOC lead to an arrest in all cases? What is the difference between an LOC and Interpol notices like the Red Corner Notice? All your questions answered.
May 26, 2019 5:26 am
A Jet employee, who did not want to be named, said Kiran Pawaskar, president of the All India Jet Airways Officers and Staff Association, had recently met the Mumbai Police Commissioner and asked the police to keep a close watch on Naresh Goyal’s movements.
May 25, 2019 8:21 pm
Naresh Goyal, along with Anita Goyal, had resigned from the board of Jet Airways, which he founded 26 years ago, in March following a debt restructuring plan. He had also resigned as the airline chairman.
April 18, 2019 7:04 am
As low-cost airlines made their way into India's civil aviation sector in the 2000s, Jet Airways decided to lower the fares drastically. The losses and the resulting debt grew throughout the past decade, and Jet Airways began defaulting on loans.
April 16, 2019 4:54 pm
The full-service carrier, which is currently operating less than 10 aircraft, is awaiting fresh fund infusion under a debt resolution plan.
April 12, 2019 3:10 am
Last month, Goyal stepped down as the chairman of the airline as part of a debt-resolution plan. This is expected to enable the banks to fund a suitor for the ailing carrier.
March 29, 2019 6:45 pm
Jet shares have rallied 20 per cent since news of the rescue on hopes that the airline would now be able to clear salaries, redeploy grounded planes and claw back market share.
March 26, 2019 11:41 am
Jet Airways stock opened on a bullish note Tuesday and jumped 8.80 per cent to Rs 276.90 on the BSE and at the NSE, shares advanced 8.93 per cent to Rs 276.80.
March 26, 2019 7:13 am
According to the lenders’ bailout plan, Goyal and his wife Anita Goyal, and one nominee of Etihad Airways, Kevin Knight, will step down from the board.
March 26, 2019 3:35 am
"For the sake of my family of 22,000 employees and their respective families I have today taken the step of stepping down from the board of Jet Airways,” Goyal said.