A source said that the lenders have proposed to change the management of the beleaguered air carrier as they feel it is not possible to run the company with present management.
Reliance group chairman Anil Ambani on Thursday appeared before the Enforcement Directorate in Mumbai in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor and others, officials said. The agency is expected to record the statement of Ambani under the Prevention of Money Laundering Act. The 60-year-old businessman arrived at the ED office in Ballard Estate around 9.30 am.
From promoters losing their firms to consumers realising there are no free lunches, 2019 was a year of getting real,says Shailesh Dobhal.
'By August 2018, it was evident that Jet was heading into serious financial trouble.' 'Why didn't the DGCA stop all advance bookings right there and then?' asks Anjuli Bhargava.
A list of at least 20 individuals has been sent to the immigration department to prevent them from flying overseas.
After due deliberations, the lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid was received.
The standoff between the government and the opposition in Parliament has showed no signs of easing after it erupted on the opening day of the Monsoon session on July 19.
In India, many players are in the throes of chaos and pain but at least one partnership -- Air Asia India -- that was fraying even before the pandemic now finds itself at breaking point, says Anjuli Bhargava.
Bids to be evaluated according to guidelines by the civil aviation ministry, following which a buyer will be selected. Transfer of control to the buyer to be effected by June-end.
Till high school, his medium of learning was Marathi. Later, he completed his doctorate under Neil Armstrong's guidance. He has travelled to close to 50 countries, sold $350 billion worth of aircraft. Anjuli Bhargava meets Boeing SVP Dinesh Keskar.
Etihad to have 2 directors even if it dilutes stake to 15%
The deal, involving Abu Dhabi carrier Etihad's purchase of 24 per cent stake in Naresh Goyal-led Jet Airways, was approved last month by the Competition Commission of India.
Against the backdrop of objections by some MPs, Civil Aviation Minister Ajit Singh on Tuesday strongly defended the Rs 2,058 crore (Rs 20.58 billion) Jet-Etihad deal, saying those opposing it were "long on politics and short on facts".
Pakistani Prime Minister Nawaz Sharif has cancelled his visit to WEF annual meeting after a deadly Taliban attack in his country.
Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, Republic of Korea and Switzerland, WEF announced on Wednesday at a press conference in Geneva.
A glance back at some of the important ups and down Indian Inc faced in 2018.
SIT on black money on Monday decided to widen its probe as new names of Indians with Swiss bank accounts have come up
Scholarships, sports and spirit define Phee Teik Yeoh, the new CEO of Vistara in India
Majority of India's international routes have been captured by foreign airlines.
The government is keeping its options open.
Indian airlines currently are required to have a minimum fleet of five aircraft and five years of operational experience for starting international services.
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