Jet Airways
Jet Airways founder Naresh Goyal to step down as chairman
01 Mar 2019
Goyal has also agreed to reduce his 51 per cent stake in the full-service carrier, but will continue to be a part of the company in some capacity even after stepping down as chairman
Creditor banks hope to pilot Jet Airways with 50.1% stake
15 Feb 2019
The airline aims to increase authorised share capital to Rs2,200 crore, which would include Rs680 crore of equity capital and Rs1,520 crore of preference share capital, leaving Naresh Goyal with just 20 per cent or lesser stake
Naresh Goyal sets terms for investing Rs700 cr in Jet Airways
18 Jan 2019
With Ethihad taking 25 per cent and SBI another 20 per cent equity stake under the proposed debt resolution plan, Goel will have to dilute his 51 per cent stake well below the takeover trigger, which he does not want
Naresh Goyal to end control of Jet Airways, Etihad to raise stake to 49%
14 Jan 2019
While Naresh Goyal’s stake in Jet Airways will be brought down to around 20-25 per cent and his voting rights brought down to 10 per cent, Goyal's son Nivaan Goyal is likely to be included as non-executive director once a resolution plan is finalised, say reports
Jet Airways back on the table for stake sale talks with Tatas: report
11 Jan 2019
If Jet Airways, which has overdue debt and payments to staff, lessors and airports, fails to find an investor or financier, the airline could go the Kingfisher way
Jet Air lenders propose halving Goyal’s stake in $900m turnaround plan
09 Jan 2019
SBI has appointed Ernst and Young to conduct a forensic audit into Jet Airways' books from 1 April 2014, to 31 March 2018 and lenders will not release cash until they have the report on Jet Airways' business viability
Lenders ask Jet Air to submit revival plan by month-end
07 Jan 2019
Lenders are wary of taking Jet Airways to the National Company Law Tribunal for insolvency proceedings since they are not sure of the value of its assets, but expects partner Etihad Airways to buy more stake in the company
Jet Airways defaults on loan repayment to banks
02 Jan 2019
Naresh Goyal offers to sell controlling stake in Jet Airways: report
28 Nov 2018
Goyal is now convinced that no investor, not just Tata Group, would want to invest in Jet if Goyal retains control over the company
Tatas scanning Jet Air books for potential acquisition: report
13 Nov 2018
While Tatas have the necessary resources and Jet Airways needs immediate cash injection to pay much delayed salaries to employees and payments to aircraft leasing companies, there is no certainty of a deal
Tata Group eyes controlling stake in Jet Airways
19 Oct 2018
The diversified Tata Group, which owns majority stakes in two airline joint ventures - Vistara and AirAsia India - is now looking to expand its presence in the aviation sector
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