JKC acquired the grounded Indian carrier Jet Airways in a bid process through India’s insolvency court National Company Law Tribunal in 2021
jet airways latest news
Latest in jet airways latest news
airline business
Jet Airways relaunch plan hits another air pocket
The carrier’s lenders approach the country’s appellate bankruptcy court to block the Jet Airways ownership transfer to the consortium led by UAE-based businessman Murari Lal Jalan
airline business
India’s Jet Airways wins second chance to takeoff as UAE-based owner given 6-month grace period
Earlier, India’s insolvency court, which approved the consortium’s proposal to take over Jet, had set November 16, 2022 as the effective date to pay dues to various creditors
airline business
Jet Airways kicks off re-launch, hiring new pilots after acquisition by UAE-based Indian businessman Murari Lal Jalan-led management
The once highly popular Indian carrier is said to be preparing to be airborne by September this year
Aviation
Russian bidder for Jet Airways may be disqualified
Russian investment fund fails to comply with
Aviation
South American group expresses interest in grounded Jet Airways
Rio de Janeiro-headquartered Synergy Group is a majority stakeholder in the Colombian carrier Avianca Holdings
Aviation
Video: Jet Airways debt crisis explained
Recently, three parties showed interest in reviving debt-ridden Jet Airways, and no, none of them was Etihad, which holds a 24% stake in the airline.
Aviation
Indian carriers continue to benefit from Jet Airways’ plight
Temporary allocation of slots and flying rights extended until the end of December
Aviation
Investors back away from Jet Airways deal
Etihad Airways decided against reinvesting in the troubled carrier because of ‘unresolved issues concerning the airline’s liabilities’
Aviation
Insolvency administrator invites resolution plans for Jet Airways
Jet Airways fell victim to a cut-throat price war initiated by a slew of budget carriers and eventually defaulted to banks, staff and lessor
Cash-strapped Jet Airways
Indian govt injects new optimism over Jet Airways future
The National Investment and Infrastructure Fund (NIIF), India’s sovereign wealth fund, may also be willing to invest in Jet
Abu Dhabi
Jet Airways investors seek massive write-down on debt
The investors are reportedly eyeing up to 75% reduction in debt by the banks on Jet Airway’s debt
Cash-strapped Jet Airways
Indian officials block former Jet Airways chairman Goyal from overseas travel
Naresh Goyal, former chairman of grounded Jet Airways and his wife were stopped from boarding a flight to Dubai on his way to London
Abu Dhabi
Britain’s Hinduja brothers consider bid for India’s Jet Airways
State Bank of India is seeking to sell a majority stake and has received two unsolicited bids and a conditional offer from Etihad Airways of Abu Dhabi
Amit Agarwal
Jet Airways exec resigns amid growing uncertainty over future
Latest resignation follow the departure of board member Gaurang Shetty last Thursday
Abu Dhabi
With bidders shortlisted, what’s next for India’s Jet Airways?
SBI Capital, which is overseeing the sale process of Jet Airways, scotched reports about new investors showing interest in acquiring the airline
Aviation
State Bank of India to seek more flexibility in finding Jet Airways solution
Etihad Airways is one of the four bidders currently in the fray to acquire stake/additional stake in the carrier