Aviation Jet Airways

Lenders of Jet Airways ask JKC to produce air operator certificate

The lenders said 13 crore out of the 200 crore payment towards the total amount came 'from other sources'

NCLAT adjourns Jet Airways hearing to Nov 1 as creditors seek more time

The insolvency appellate tribunal NCLAT on Thursday adjourned its hearing on Jet Airways matter to November 1, as the creditors sought more time to file a reply over the compliance affidavit filed by the Jalan-Kalrock Consortium -- the successful bidder of the grounded carrier. Counsel appearing for the creditors sought more time to complete their pleadings during the proceedings of the National Company Law Appellate Tribunal (INCLAT), which was accepted by a three-member bench. The creditors, which suspect the source of Rs 200 crore paid by the Jalan-Kalrock Consortium, have to file a reply over the compliance affidavit filed by the successful bidder. Last week, Additional Solicitor General N Venkataraman, representing lenders including SBI and other banks, told NCLAT that there are apprehensions about the source of funds, which deposited the money for Jalan-Kalrock Consortium's (JKC). "The payment is not compliant with the resolution plan as it mandates that the money is to be pa

JKC gets time till Sept-end to pay Jet Airways lenders Rs 350 crore dues

The date for the payment was earlier set for 31 August, but JKC had sought an extension

Kalrock-Jalan consortium opposes sale of three Jet Airways planes

European cargo airline Ace Aviation has emerged as the successful bidder for the planes

Jet Airways asks 60% staff to go on leave without pay for 3 months

This news comes after Jet Airways's revival plan hit another roadblock on November 18, after the new owner Jalan-Kalrock told the NCLAT of its inability to pay additional money

Jet claims rights on livery, objects to SpiceJet using it on some planes

Jet Airways aims to restart operations in September after takeover by the Kalrock Jalan consortium

Jet Airways to get Rs 50 cr as inter-corporate deposit for certain expenses

As efforts are on to restart services of Jet Airways, Orion IT Parks Pvt Ltd -- whose shareholders are Murari Jalan and Ankit Jalan -- will extend an Inter-Corporate Deposit (ICD) of Rs 50 crore

CoC approves Kalrock Capital-Murari Jalan's plan to revive Jet Airways

The plan submitted by Kalrock consortium won by an overwhelming majority, say sources

Jet Airways loss widens to Rs 5,536 crore in 2018-19 over surge in expenses

The full service carrier, which shuttered operations in April last year, had a loss of Rs 766.13 crore. These figures are for standalone comprehensive losses

Jet Airways fails to attract new bidders, deadline unlikely to be extended

With no new bidders emerging during this period, there are only three entities that had put in their initial bids earlier

Jet example shows that Indian capitalism needs to be saved from capitalists

It's lamentable that after 14 years as a publicly traded firm, operating in a capital-intensive, competitive, regulated industry, Jet was still allowed to carry on basically as Goyal's fief

Jet Airways waits for the new owner as rivals muscle in on territory

While the cash-strapped carrier awaits potential investors to pump in money, rivals are aggressively going after its most prized assets

Booked a Jet Airways flight? Things to know about alternate flight, refund

Business Standard examines passenger options regarding alternate flights, loyalty miles and refunds

The economics of aviation and the question of optimal competition

If we want to avoid a return to public sector transport monopolies, we must decide on the size of the oligopolies in the sector

SpiceJet, IndiGo stocks have run up too fast, too soon: Analysts

SpiceJet and Interglobe Aviation (IndiGo's parent company) have outperformed the benchmark index thus far in tcalendar year 2019 (CY19) with a gain of nearly 36 per cent and 49 per cent respectively.

Naresh Goyal opts out from bidding for stake acquisition in Jet Airways

The full service carrier, which is currently operating less than 10 aircraft, is awaiting fresh fund infusion under a debt resolution plan

SBI invites bids for stake sale in cash-strapped Jet Airways

SBI Capital Markets would be assisting and advising the lenders on the bid process

Jet Airways defers March salary payment to its 16,000 employees

Earlier, the airline had been delaying the salaries of its pilots, engineers and senior staff since August who have not been paid since January

Jet operating fewer than 15 planes, doubts over eligibility to fly abroad

In the last few weeks, the airline has been grounding its aircraft in tranches due to non-payment of dues to lessors

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

Earlier in the day, a source said that around 200 pilots had written individually to Jet CEO Vinay Dube, threatening to go on "leave of absence"