Jet Airways
NCLAT upholds Jalan-Kalrock Consortium’s resolution plan for Jet Airways
14 Mar 2024
The National Company Law Appellate Tribunal (NCLAT) has upheld the debt resolution plan for bankrupt Jet Airways submitted by the Jalan-Kalrock Consortium (JKC)
Jet Airways to fly again
23 Jun 2021
The Kalrock-Jalan consortium is believed to have offered to repay Rs1,183 crore over a period of five years and a 9.5 per cent stake in Jet Airways and 7.5 per cent stake in Jet Privilege to financial creditors against claims of over Rs15,000 crore from various creditors, including Rs5,776 crore by 13 domestic banks and financial institutions led by SBI
Jet flyers propose ‘Roja’ revival plan with airline staff
06 May 2019
While the Revival of Jet Airways’ plan involves raising Rs20,000 crore through loans to employees, ticket sales and issue of preferential shares to frequent flyers, Rs8,000 of it has to still come from lenders
Jet employees propose Rs7,000-cr bailout for grounded carrier
30 Apr 2019
As things stand, there are four bidders, including Etihad (which holds 24 per cent in Jet Airways) who are keen to acquire the company and with the bidding process set to conclude on 10 May, there are concerns that the lenders may have to take a large haircut on their Rs8000-crore exposure
Lenders look to investors to bail out grounded Jet Airways
18 Apr 2019
The airline’s closure put at risk 22,000 jobs, including engineers and pilots who were denied salary for months together
Jet Airways may halt services temporarily, say reports
16 Apr 2019
Jet Airways founder Naresh Goyal, who stepped down as chairman of the carrier early last month, has decided not to bid for acquiring stake in the cash-strapped airline
Six bidders express interest in Jet Airways
09 Apr 2019
Buy-out firms such as TPG Capital, KKR and Blackstone and international airlines such as Lufthansa, Singapore Airlines and Delta-Air France-KLM are among the entities are believed to have shown interest in the airline
Jet Airways defaults on $140-mn ECB loan
29 Mar 2019
Jet Airways founder-chairman Naresh Goyal steps aside
25 Mar 2019
Twenty-five years after founding Jet Airways, Naresh Goyal and his wife Anita Goyal will exit the board of the airline, allowing lenders led by State Bank of India to infuse Rs1,500-crore funds into the beleaguered carrier
And now, Etihad asks SBI to bail it out from Jet Airways
20 Mar 2019
Jet’s financial woes has fuelled a pileup of grounded planes as carriers operating on truncated fleet alter schedules, curtail flights and hike airfares during a busy season
Jet Airways set to finalise Rs4,000-cr financing deal: report
12 Mar 2019
Under the financing agreement, promoter group stake in Jet Airways will come down to 17 per cent from 51 per cent, while Etihad will retain 24.9 per cent stake and lenders will gain 29.5 per cent through conversion of debt and fresh equity infusion, with the remaining going to a new investor
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