PMO calls urgent meeting to discuss situation in Jet Airways
Crisis-hit Jet Airways is facing acute financial crunch and has grounded several of its flights and stopped international operations.
Apr 12, 2019, 19:11 PM IST
Jet Airways cancels all international flights for Thursday night, three domestic flights for Friday
Jet Airways on Thursday suspended all its international flights scheduled for Thursday after its 10 more aircraft were grounded due to non-payment of outstanding dues to lessors.
Apr 11, 2019, 21:05 PM IST
Jet Airways cancels three flights for Friday
Cash-stressed Jet Airways has announced that it has cancelled three flights scheduled for Friday (April 12) due to operational reasons.
Apr 11, 2019, 19:10 PM IST
For third time in a week, Indian Oil cuts fuel supplies to Jet Airways
The airline also faced the ignominy of losing one of its planes to a European cargo agent who seized one of its wide-body planes at the Amsterdam airport for payment related issues, a source said.
Apr 10, 2019, 18:06 PM IST
Indian Oil Corporation stops fuel supply to Jet Airways over non-payment
Jet Airways, in which SBI-led consortium of lenders is set to take management control under a debt-recast plan, has drastically curtailed operations with a fleet of 26 planes.
Apr 05, 2019, 15:49 PM IST
Naresh Goyal has option to raise stake; expect buyer for Jet by May 31: SBI chief
Consortium of lenders led by the SBI Monday agreed to put in Rs 1,500 crore immediate funding by acquiring 51 percent stake in the company through issue of Rs 11.4 crore fresh shares.
Mar 26, 2019, 10:44 AM IST
Naresh Goyal writes emotional letter to employees, says there's light at the end of the tunnel
Goyal has resigned from the chairmanship of the 25-year-old airline.
Mar 26, 2019, 10:37 AM IST
Jet staff wants representation in new management, writes to SBI chief
The resolution also involves the banks extending an emergency funding of Rs 1,500 crore to the airline.
Mar 26, 2019, 10:36 AM IST
Good outcome from creditors-company negotiations better than insolvency, says govt official on Jet
He was responding to a query on whether Jet Airways is a fit case to be referred under the Insolvency and Bankruptcy Code (IBC).
Mar 25, 2019, 14:42 PM IST
SpiceJet in talks to lease some of Jet Airway's grounded planes: Source
The 25-year-old airline has defaulted on loans after racking up over $1 billion in debt.
Mar 20, 2019, 17:29 PM IST
Lenders to make every effort to keep Jet Airways flying: SBI
The pilots union of Jet Airways had on Tuesday threatened to stop flying from April 1 if their salaries are not paid by March 31.
Mar 20, 2019, 17:06 PM IST
Jet Airways: Banks may infuse funds provided major shareholders pledge shares
The full service carrier is grappling with acute financial woes that has resulted in grounding of a significant number of planes, defaulting on debt repayments
Mar 20, 2019, 12:51 PM IST
Jet Airways pilots` union to refrain from operating flights if no clarity on resolution plan by March 31
Jet Airways is been in a tight spot financially even as a rescue plan is being negotiated between the airline, its partner Etihad and a consortium of banks.
Mar 20, 2019, 09:48 AM IST
Jet Airways shares drop nearly 4%
The shares of the company declined 3.35 per cent to close at Rs 229.05 apiece on the BSE. During the day, it plunged 5.48 per cent to Rs 224.
Mar 19, 2019, 17:58 PM IST
Jet Airways cancels 3 flights from Vadodara, 2 from Bhuj
The debt laden Airline has canceled several flights in the last couple of days for its failure to pay rentals to various lessors.
Mar 18, 2019, 13:57 PM IST
As Jet cancels flights galore, passengers express outrage on Twitter at unresponsive customer care
Cash-strapped Jet Airways has cancelled several flights in the last couple of days for its failure to pay rentals to various lessors.
Mar 18, 2019, 10:52 AM IST
SBI hopeful of resolution of Jet Airways crisis next week
Founder chairman Goyal and his family own 52 percent in the airline now which he had agreed to pare down to 22 percent to secure a financial bailout.
Mar 15, 2019, 16:33 PM IST
Decision on funding to Jet Airways to be on collective basis, says PNB
In a filing to exchanges, Jet Airways had earlier clarified it has not received any fresh loan from PNB.
Mar 14, 2019, 16:50 PM IST
Jet Airways grounds another 4 planes due to non-payment
The airline has, however, not given the specific numbers of flights it has been cancelling every day due to the grounding of these planes.
Mar 13, 2019, 10:44 AM IST
Jet Airways secures $293 million loan from PNB: Report
Jet said last week another three aircraft had been grounded due to its failure to make payments, taking the total number to 28, but it has not specified the lessors involved.
Mar 11, 2019, 10:12 AM IST
