Aviation
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
India grounds all Boeing 737 Max aircraft
13 Mar 2019
US regulators also on Monday ordered Boeing to make urgent improvements to the best-selling jet, even as Boeing maintained that the 737 MAX was "as safe as any airplane that has ever flown the skies"
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
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
