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Wednesday, October 23, 2019

Tag: Jet Airways

Airline bankruptcies surge, leaving rivals vying for planes

Weaker carriers squeezed by low-cost competition, higher fuel costs.

Temasek-backed SATS plunges on macro headwinds, Jet Airways

Shares of SATS plunge as much as 5.6%, the most in nearly 7 years.

India to investigate Jet Airways over alleged funds mismanagement

India orders an investigation into alleged mismanagement of funds at Jet Airways, which halted operations in April after running out of cash.

Monty Python and the unholy fail of Jet Airways

The lessors have taken most of the fleet, employees have all but given up on back wages, and the country’s aviation market has moved on, liquidation is the most practical solution for the airline.

India’s beleaguered Jet Airways founder held at airport

Indian Immigration authorities stop former Jet Airways chief Naresh Goyal and his wife from travelling to London a month after the debt-laden company grounded its fleet.

Britain’s Hinduja brothers consider bid for India’s Jet Airways

Billionaire Hinduja brothers bid interests in India's grounded Jet Airways burdened by more than US$1 billion debt has sent its shares to 7% rise, a boost for the airline.

India’s embattled Jet Airways CEO quits

Jet Airways has been in a tailspin for months, defaulting on loans and failing to pay many staff and aircraft leases.

Jet Airways pilots’ union asks India’s top court to direct lender...

The National Aviator's Guild says not receiving the previously agreed upon funding has resulted in the airline being grounded indefinitely.

Foreign carriers savour rising India demand as Jet Airways crumbles

International airlines are just waiting for an opportunity to scoop up nearly a million outbound passengers from Jet Airways.

Jet Airways waits for buyer as rivals muscle in on territory

Jet Airways' rivals have moved in to lock down routes previously dominated by the ailing carrier.

Jet shares nosedive after flights grounded, lenders ‘hopeful’

Jet's shares took a nosedive by more than 32%.

5 things that went wrong for India’s Jet Airways

Air France and KLM are operating additional flights to Mumbai to accommodate passengers affected by Jet's decision to cancel international flights.

Jet Airways holds crisis meeting after fund rejection

An emergency board meeting was called for Tuesday after the latest blow to the beleaguered company.

Stricken Jet Airways lenders to decide on emergency cash

The airline has only seven jets left after dozens of others were seized by creditors in recent weeks.

India’s Jet Airways cancels some long-haul flights as it grounds more...

Thursday's move comes even as Jet's lenders still try to seek expressions of interest in the debt-laden carrier from potential investors.

Stake sale in troubled Jet Airways may get delayed

The bailout process may be delayed as the Reserve Bank of India has yet to examine the issue of debt to equity conversion, which is part of the deal.

Indian oil giant halts fuel to beleaguered Jet Airways

The Mumbai-based airline, which was until recently India's second-biggest by market share, has also defaulted on several loan payments.

Avolon seeks to de-register two planes leased to Jet Airways

The move by Avolon indicates an escalation of a crisis for Jet.

Jet Airways shares fall as more planes are grounded over unpaid...

Unpaid salaries to its pilots had caused Jet Airways' shares to drop after it had to let go 15 planes.

India’s cash-strapped Jet Airways to pay December salaries

Jet Airlines pilots were on strike after the airline company had defaulted on crew wages.

Founder of India’s beleaguered Jet Airways quits

Goyal's stake in Jet Airways will fall to half the current 51%.

India’s Jet grounds seven more planes amid shutdown fears

The Mumbai-based airline has now been left with just a quarter of its fleet of 119 aircraft in operation.

State Bank of India: Bankruptcy ‘last option’ for Jet Airways

The airline has racked up over US$1 billion in debt, and owes money to banks, suppliers, pilots and lessors.

India’s civil aviation minister calls for emergency meeting on Jet Airways

Saddled with debt of more than US$1 billion, the airline is struggling to stay afloat.