HC refuses to allow Goyal to leave India, seeks Centre’s response

A Delhi High Court today refused to allow Jet Airways founder Naresh Goyal to leave India and sought response of the Centre on his plea challenging a look out circular issued against him. Continue Reading

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

Jet to raise Rs 4,000 cr if Etihad’s bid to increase stakes fails

Jet Airways promoter and founder Naresh Goyal, the airline’s lenders and Etihad will subscribe to the rights issue as part of the resolution plan, said reports. Etihad could look at subscribing either jointly or individually, they added. 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