Jet RP invites EoIs by 3 August to sell meager assets

In an advertisement posted on the airline’s website and in newspapers, the RP, Ashish Chhawchharia, appointed by Jet Airways’ lenders, has set a deadline of 3 August for receipt of EoIs, 6 August as the date of issue of provisional list of prospective resolution applicants…… Continue Reading

Goyal assures staff of resolution as Jet defaults for 3rd time

Goyal, in a letter to the 16,000 staff, which came ahead of the domestic pilots body National Aviator’s Guild annual meeting, said talks with the airline’s strategic partner Etihad Airways and State Bank of India (SBI)-led lenders were going on. Continue Reading

Jet fails to pay December salary to ‘some’ employees

The Naresh Goyal-controlled Jet airline, which is part owned by Gulf carrier Etihad, has not been paying on time to about 15 per cent of its over 16,000 employees since August last year due to a liquidity crunch. Continue Reading