No revival of Jet Airways as Supreme Court orders liquidation of carrier's assets
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.
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
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
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
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
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
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.
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
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
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
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.
-1559140196.jpg "India's airline traffic declines by 0.5 pc: IATA")
India's airline traffic declines by 0.5 pc: IATA
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
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.
-1557509011.jpg "Etihad shows interest in buying Jet Airways")
Etihad shows interest in buying Jet Airways
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
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.