No revival of Jet Airways as Supreme Court orders liquidation of carrier's assets
Nov 07, 2024, at 10:23 pm
New Delhi: The Supreme Court has ordered the liquidation of Jet Airways’ assets, exercising its special powers under Article 142 to overturn a tribunal's ruling that allowed ownership transfer to the Jalan-Kalrock Consortium (JKC) despite incomplete payment to creditors, media reports said.
May 20, 2023, at 06:50 am
New Delhi: The National Company Law Appellate Tribunal (NCLAT) will hear a plea made by Jalan Kalrock Consortium (JKC), the successor to Jet Airways management, on May 22. JKC is seeking directions to prevent the State Bank of India (SBI) from invoking its bank guarantee of Rs 175 crore, media reports said.
NCLT allows Jet Airways ownership transfer to Jalan Kalrock Consortium: Report
Jan 14, 2023, at 03:27 am
New Delhi: The National Company Law Tribunal (NCLT) has given nod to transfer the ownership of grounded Jet Airways to the Jalan Kalrock Consortium (JKC), which had won the bid to revive the carrier in 2021, media reported.
Jet Airways halves salaries, sends staff on leave without pay: Report
Nov 19, 2022, at 06:40 am
Mumbai: Grounded carrier Jet Airways has slashed the salaries of some of its employees by 50 percent and sent some others on leave without pay, media reports said.
Jalan-Kalrock Consortium appoints Sanjiv Kapoor CEO of Jet Airways
Mar 05, 2022, at 12:57 am
Mumbai: Sanjiv Kapoor, who has headed revenue and strategy departments at SpiceJet and Vistara, will be the new CEO of Jet Airways, as the company plans to restart operations in the coming summer.
Jet Airways revival: Jalan Kalrock Consortium approaches NCLT to expedite capital infusion
Dec 18, 2021, at 05:02 am
New Delhi/IBNS: The Jalan Kalrock Consortium has approached the National Company Law Tribunal (NCLT) to expedite the implementation of the Approved Resolution Plan by infusing capital as the new owners of Jet Airways want to start paying the dues of all stakeholders.
Jet Airways to start domestic operations in Q1 2022
Sep 13, 2021, at 10:21 pm
New Delhi: Private carrier Jet Airways is all set to resume domestic operations in Q1 2022, according to the Jalan Kalrock Consortium, the successful resolution applicant of Jet Airways.
Jun 23, 2021, at 02:37 am
Mumabi/IBNS: The resolution plan submitted by the Jalan Kalrock Consortium for the corporate insolvency resolution of financially beleagured Jet Airways that went out of operations in April, 2019 was approved earlier today by the National Company Law Tribunal (NCLT), Mumbai Bench.
NCLT approves Jet Airways revival plan, may resume operations by end of calendar year: Report
Jun 22, 2021, at 11:13 pm
New Delhi/IBNS: Debt-laden Jet Airways, which has been out of operations since 2019, may soon hit the skies, following the National Company Law Tribunal's (NCLT) approval of a revival plan submitted by a consortium of London-based Kalrock capital and the UAE-based businessman Murari Lal Jalan, according to a media report.
National Company Law Tribunal to take up Jet Airways case from June 20
Jun 19, 2019, at 09:13 pm
Mumbai, June 19 (UNI): The bench of the National Company Law Tribunal (NCLT) here on Wednesday said that the hearing on the insolvency plea, filed by the the consortium of 26 bankers led by the State Bank of India (SBI),will begin from June 20.
Jet Airways: Ashok, Sharad resign as independent directors
Jun 18, 2019, at 05:33 pm
New Delhi, Jun 18 (UNI) Saddled airline Jet Airways Independent Director Ashok Chawla and Sharad Sharma have resigned from their post after the Board continued to be in non-compliance with the provisions of the Companies Act.
India's airline traffic declines by 0.5 pc: IATA
May 29, 2019, at 08:00 pm
Seoul, May 29 (UNI): India’s airlines’ traffic came down by 0.5 per cent year-over-year, due to shut down of the saddled airline Jet Airways.
Jet Airways: Employees protest; Government assures results to come out by weekend
May 21, 2019, at 05:05 pm
New Delhi, May 21 (UNI) The Government on Tuesday assured the debt-ridden grounded airline Jet Airways employees that the situation is being monitored at the highest level and they are also making attempts to revive the carrier.
Etihad shows interest in buying Jet Airways
May 10, 2019, at 10:53 pm
New Delhi, May 10 (UNI): Saddled airline Jet Airways has got a potential buyer in Etihad Airways after the bidding process to sell the carrier ended on Friday.
Jet Airways to help its pilots in finding jobs in other airlines
May 09, 2019, at 10:43 pm
New Delhi, May 9 (UNI): Grounded airline Jet Airways on Thursday said the carrier would made all effort in placing its pilots in other airlines on furlough with short, medium, long or permanent contracts.
Jet Airways Issue: Plea in Delhi HC to compensate hassled passengers
Apr 24, 2019, at 05:41 pm
New Delhi, Apr 24 (UNI) Delhi High Court on Wednesday adjourned for May 1 hearing in a plea seeking direction from Ministry of Civil Aviation and Directorate General of Civil Aviation to ensure refund or alternate travel arrangements for passengers who had booked tickets with Jet Airways, which suspended its operations last week.
Karnataka: Jet Airways employees takeout silent protest in Bengaluru
Apr 22, 2019, at 05:39 pm
Bengaluru, Apr 22(UNI) The Cabin crew, Ground handling staff and the Administration of the beleaguered Jet Airways staged a silent protest in the city on Monday.
AIBEA praises banks for not hurrying to further lend Jet Airways
Apr 22, 2019, at 12:50 pm
Hyderabad, Apr 22 (UNI) All India Bank Employees' Association (AIBEA) on Monday welcomed the line of approach of banks for not showing hurry to further lend Cash-Strapped Jet Airways and it fully support the same.
Jet Airways Crisis: Employees to organise peaceful march in Delhi on April 18
Apr 17, 2019, at 05:27 pm
New Delhi, Apr 17 (UNI) Frustrated over no headway, the Jet Airways employees in Delhi are organising a peaceful movement on Thursday to draw the attention of the government to save the airline.
Jet Airways cancels all international flights today and tomorrow
Apr 11, 2019, at 09:02 pm
Mumbai, Apr 11 (IBNS): Jet Airways has cancelled all international flights for Thursday and Friday due to lack of funds by the airline, media reports said.
Jet crisis: Lenders to pursue Bank-Led Resolution Plan for sale of stake
Apr 04, 2019, at 11:50 pm
Mumbai, Apr 4 (IBNS): The Lenders of Jet Airways (India) Limited met on Thursday to take stock of the current situation of the company.
Agreed to sacrifice control of airline for lasting welfare: Jet Airways ex-chairman Naresh Goyal
Apr 03, 2019, at 09:48 pm
Mumbai, Apr 3 (IBNS): Amid the growing crisis, promoter and former chairman of Jet Airways Naresh Goyal on Wednesday said he has agreed to sacrifice the control and interest in the Airline for the sake of its lasting welfare.
Jet fuel prices up by 1 per cent from April
Apr 02, 2019, at 06:33 pm
New Delhi, Apr 2 (UNI) Prices of aviation turbine fuel (ATF) have been increased by 1 per cent effective from April 1, this year.
Jet Airways' pilots body urges SBI to clear salaries, dues at fast as possible
Mar 26, 2019, at 04:21 pm
New Delhi, Mar 26 (UNI) Assuring its commitment towards the Jet Airways in taking the airline to the road of recovery, its pilots body National Aviators Guild on Tuesday petitioned State Bank of India chairman Rajnish Kumar to release their pending salaries at the earliest.
Rs 1,500 crore bailout for Jet Airways
Mar 25, 2019, at 07:56 pm
New Delhi, Mar 25 (IBNS): The resignation of Jet Airways founder Naresh Goyal and his wife Anita Goyal on Monday from the board of the airline has cleared the way for a Rs 1,500 crore bailout by a consortium of banks led by State Bank of India.
Jet Airways' Naresh Goyal's resignation wake-up call for policy makers: SpiceJet
Mar 25, 2019, at 05:30 pm
New Delhi, Mar 25 (UNI) Jet Airways founder and chairman Naresh Goyal and his wife Anita Goyal’s resignations is a wake-up call for policy makers as aviation sector requires to address structural challenges, the SpiceJet said on Monday.
Jet Airways Naresh Goyal, Anital Goyal resign
Mar 25, 2019, at 04:34 pm
New Delhi/Mumbai, Mar 25 (UNI): Jet Airways’s founder and chairman Naresh Goyal and his wife Anita Goyal resigned as directors from the Board on Monday, the embattled private airline said in a listing to the stock exchange.
Jet Airways crisis: Naresh Goyal, wife Anita exit
Mar 25, 2019, at 04:27 pm
New Delhi, Mar 25 (IBNS); Amid growing crisis, Naresh Goyal, founder and chairman of cash-strapped Jet Airways, and his wife Anita Goyal resigned from the board of directors of the airlines, media reports said on Monday.
Jet Airways crisis deepens: Only 41 aircraft in service, pilots threaten strike
Mar 19, 2019, at 08:31 pm
New Delhi, Mar 19 (IBNS): Cash-strapped Jet Airways is currently operating only 41 of its 119 in-service aircraft and the number may fall further in the coming weeks, the DGCA has said.
Naresh Goyal, Etihad CEO share Jet Airways revival plan
Feb 25, 2019, at 08:35 pm
New Delhi, Feb 25 (IBNS): Jet Airways chairman Naresh Goyal and Etihad Airways CEO Tony Douglas, in a joint statement on Monday said the airline and its partners were making every effort to see the airline through its current financial crisis and so that it could "reclaim its rightful place as airline of first choice for its customers".