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

Officials say ‘No scope for Jet’s revival’, even as employees celebrate its 26th b’day

As Jet Airways turned 26 on Sunday, hundreds of employees of the now-shuttered airline gathered at the Delhi airport continuing with their pleas for saving the carrier. However, according to news reports, two senior finance ministry officials said today the NDA government sees little hope of a bidder emerging for debt-laden Jet Airways Ltd.
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Jet might down shutters temporarily as lenders defer decision on funds

The possibility of Jet Airways shutting down temporarily came to light when chief executive Vinay Dube in an internal communication has said the lenders could not decide on the emergency funding and that the board of the airline will meet today to take a call on the future. Continue Reading

Over 1,000 Jet Airways pilots to go ahead with no flying call

The National Aviators Guild (NAG), the body claiming representation of some 1,100 pilots at Jet Airways, had last week announced its decision not to fly from 1 April if their pending salaries were not cleared and clarity on the revival plan not provided by 31 March. 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

Ethiopian Airlines crash: Jet Airways and SpiceJet to be grilled

Aviation regulator DGCA will seek information from Boeing as well as Mumbai-based Jet Airways and Gurgaon-based SpiceJet operating Boeing 737 MAX 8 aircraft after the Ethiopian Airlines crash on Sunday, according to a senior official. Continue Reading

Minimise passenger inconvenience: DGCA asks Jet Airways

Cash-trapped carrier Jet Airways is not operating at full potential, grounding over 40 per cent of its total fleet due to various reasons including non-payment of rentals, reports state. Continue Reading

Jet pledges FDs worth Rs 1.5K crore to borrow cash from SBI

The airline decided to borrow against the FDs rather than redeem them because the deposits continue to earn a higher interest than what Jet has to pay to SBI, the Mint reported, a person to have said. Continue Reading

Goyal’s stake in Jet to dip below 20% as Etihad eyes 40% mark

To be finalised in the next two weeks, the new plan took place when Etihad Airways appointed turnaround specialist Alvarez & Marsal to conduct due diligence on Jet Airways. 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