Jet Airways

Naresh Goyal to cede Jet Airways control as bailout plan explores more Etihad stake

The SBI-approved proposal seeks lenders to recast the private airline's debt and increase foreign partner's equity participation.

Jan 15, 2019

Bad news for Jet: Qatar Airways won't invest in 'enemy-controlled' company

Both Etihad and Qatar Airways are promoted by cash rich Gulf Arab emirates, though Qatar Airways swung to losses last year after Qatar was placed under a blockade by neighbouring countries.

Jan 15, 2019

Jet Airways may return to negotiating table with Tata Group

Talks with foreign partner Etihad have remained inconclusive over cash infusion requirement after 'preliminary' contacts with the Indian conglomerate.

Jan 11, 2019

Naresh Goyal's exit can alone save Jet Airways from becoming another Kingfisher?

The report says SBI could possibly convert its debt to equity in Jet Airways when the Rs 8,000 crore debt is recast.

Jan 9, 2019

Jet Airways, bankers to meet airline's vendors, lessors to discuss debt plan

The airline, part-owned by Etihad Airways, was in talks with the Abu Dhabi-based carrier to infuse more equity, but any money would be conditional on Jet's founder Naresh Goyal ceding control.

Jan 5, 2019

Debt-laden Jet Airways defaults on loan repayment

Earlier in the week the company's shares saw a spurt after reports said the management was in talks with the State Bank of India for a Rs 1,500 crore interim loan.

Jan 2, 2019

Jet Airways shares scramble on reports that Etihad would offer loan guarantee

Jet Airways, once a success story in Indian aviation, has been alternating between attempts to raise cash in the market and find a new buyer.

Dec 31, 2018

Cash-strapped Jet Airways looks to raise up to $150 million

It has now been a while since Etihad has been approached by Jet Airways chairman Naresh Goyal to put in fresh equity. However, Etihad has made some conditions that are not acceptable to Jet Airways.

Dec 23, 2018

More trouble for Jet Airways as Nikos Kardassis, tasked to turn around carrier, leaves

Nikos Kardassis had joined Jet for the third time in May 2018, after owner Naresh Goyal brought him back hoping that he would help turnaround the troubled airline. However, Kardassis had gone to his home country on leave in November, and did not return.

Dec 17, 2018

Jet Airways' survival may rest on founder Naresh Goyal leaving the cockpit

Goyal's penchant for control has emerged as a major obstacle as the indebted airline tries to negotiate a rescue deal.

Dec 14, 2018

Etihad bailout: NRI tycoon Yusuffali roped in by Jet Airways as talks enter advanced stages

Reports suggest UAE national carrier may stand guarantee for up to Rs150 million loans for debt-ridden Indian airline

Dec 7, 2018

Cash-crunched Jet Airways 'close to deal' with Etihad Airlines for fresh capital infusion

Executives of UAE national carrier talk to bankers to put together a rescue plan for debt-laden Indian private airline.

Dec 5, 2018

Free meals scrapped from two more economy class in debt-laden Jet Airways

However, the Jet passengers who have made bookings prior to December 21, will continue to enjoy complimentary meals across saver and classic fare options

Dec 4, 2018

Financial crunch forces Jet Airways to reduce operations on Gulf routes

The airlines will trim its flight operations to Dubai, Abu Dhabi, Doha and Muscat including routes Kozhikode-Thiruvananthapuram, Doha-Kochi, Abu Dhabi-Mangalore, Mangalore-Dubai, Delhi-Muscat and Abu Dhabi-Lucknow.

Dec 3, 2018

Jet Airways shares zoom as hopes soar Naresh Goyal would sell controlling stake

Reports had emerged on Monday that chairman Goyal was willing to cut his equity stake in Jet to as low as 15 percent in order to prevent the carrier going belly up.

Nov 28, 2018

IndiGo introduces charges for web check in; draws flak from passengers

While checking in through the website of the carrier, a passenger will have to pay between Rs. 100 and Rs. 800 depending upon the seats selected.

Nov 26, 2018

'Naresh Goyal willing to dilute stake to 15% to save Jet Airways from crashing'

Goyal is reportedly pursuing a deal under which he would remain the chairman of the airline he founded in 1993.

Nov 26, 2018

Jet Airways passenger held for joking about terrorists on board Kolkata-Mumbai flight

Poddar, 21, a resident of Kolkata, was sending WhatsApp messages to his friends while covering his face with a handkerchief.

Nov 26, 2018

Jet Airways independent director Ranjan Mathai resigns

Crisis-hit Jet Airways said that retired diplomat Ranjan Mathai has resigned as an independent director on its board due to his other commitments.

Nov 23, 2018

History of a feud: Tatas want to fly Jet, but without the captain for a reason

There is a history of indifference if not hostility between the Tatas and the Goyals that goes back to the 1990s when India's open skies policy took off.

Nov 20, 2018