A boom of budget airlines in the mid-2000s, on top on rising fuel prices and a weakening rupee, kept adding to Jet Airways’ costs in the notoriously price-sensitive market
jet airways india
Air India
Air India to lease five Jet Airways aircraft
SpiceJet has recruited 500 Jet Airways employees, including 100 pilots
Aviation
In pictures: What has gone wrong with India’s Jet Airways?
Here’s a look at where it all went wrong for the Etihad-backed troubled Indian carrier Jet Airways, the country’s oldest surviving private airline.
Abu Dhabi
Etihad assisting Jet Airways passengers in wake of airline’s collapse
The State Bank of India-led consortium is looking to sell a controlling stake in Jet and has shortlisted four potential buyers, including Etihad Airways, which already owns 24%
Cash-strapped Jet Airways
Etihad-backed Jet Airways suspends all operations
Cash-strapped Indian airline grounds all planes after failing to secure emergency funding from lenders
Aviation
Five things that went wrong for India’s Jet Airways
As Jet Airways seeks an immediate injection of $57.5m to continue its few remaining services, here’s a look at where it all went wrong for the Indian carrier
Aviation
India’s Jet Airways holds crisis meeting after fund rejection
Sources have said the airline had only enough fuel to keep its seven remaining jets running until Tuesday afternoon
Cash-strapped Jet Airways
India’s Jet Airways extends grounding of international flights
Jet Airways management to hold urgent meeting on Tuesday to take guidance on the future course of action
Aviation
Jet Airways pilots threaten strike amid more flight cancellations
Jet Airways, which has debts of more than $1bn, also cancelled more international flights to Europe and North America for this week
Aviation
Etihad-backed Jet Airways cancels flights, grounds more planes
Development comes as a consortium of lenders led by the State Bank of India tries to sell a majority stake in the debt-laden airline to keep it flying
air berlin
Jet Airways fails to pay interest to Etihad-linked EA partners
Entity set up to finance affiliates of Etihad Airways says Jet Airways India has become the third carrier to fall behind on interest payments
Aviation
Debt-laden Jet Airways lenders plan to sell up to 75% stake
Jet Airways, part-owned by Abu Dhabi’s Etihad Airways, needs $1.2bn to get back on its feet after a fare war by budget airlines wiped out profits
Aviation
India’s Jet Airways grounds 15 more aircraft as crisis deepens
Debt-ridden Indian airline takes decision to ground more planes due to non-payment of fees to lessors
Aviation
State Bank of India seeks investors for troubled Jet Airways
Etihad Airways’ stake in Jet Airways could come down to 12%
Aviation
Founder of India’s Jet Airways quits as crisis grows
Etihad Airways nominee Kevin Knight has also resigned from the Jet Airways board
Aviation
Top Indian officials step into Jet Airways crisis
State Bank of India chairman, finance minister meet in Delhi, along with civil aviation secretary and principal secretary to the Prime Minister
Abu Dhabi
Crisis at India’s Jet worsens as it grounds more planes, faces strike
Jet, which employs more than 20,000 people, is facing debts of more than $1bn and has now been forced to ground a total of 78 of its 119 aircraft after failing to pay lenders and aircraft lessors