The process of getting a new promoter on board is likely to take another two to three months and once that happens, the banks would offload their stakes.
Amid talks with Air Sahara for a possible takeover or strategic alliance, private carrier Jet Airways
The interim funding has not been forthcoming thus far, and as a result Jet has extended cancellation of international operations until April 18.
The reduced fare offer is also available for travel on partner airline Etihad Airways flights
Jet Airways, which is yet to resume operations under its new owner, will reduce salaries for various staff and send many employees on leave without pay, amid uncertainty over resumption of its operations. The measures, which will be effective from December 1, were revealed hours after the winning bidder Jalan-Kalrock Consortium (JKC) said it might take "difficult" near-term decisions to manage cashflows. The once-storied airline shuttered operations in April 2019 and JKC's resolution plan was approved under the insolvency process by the National Company Law Tribunal (NCLT) in June last year.
RPI-A chief Ramdas Athawale was on Tuesday allegedly not allowed to board a Jet Airways aircraft.
"We will not let this company go down and will not tolerate this casual talk to dismantle this company piece by piece and give it as doles to airlines of your choice," an open letter said.
While media reports suggested that Tata-Singapore Airlines is looking at an all-stock merger of Jet, Tatas, in a statement said, discussions to take over Jet Airways have been preliminary and no proposal has been made
Jet is facing insolvency proceedings in the Netherlands as well where it was declared bankrupt after it failed to pay two European creditors.
A SpiceJet official allegedly told some Jet pilots that they were doing a "charity" by hiring them.
Jet Airways on Monday announced India's first interline e-ticketing agreement with KLM Royal Dutch Airlines, Northwest Airlines and British Airways.
Speaking at the 2013 CAPA Australia Pacific Aviation Summit held in Sydney, Abu Dhabi-based Etihad Airline's President and CEO James Hogan said, "We are delighted to welcome Air Serbia to our equity alliance, and look forward to receiving final approvals from regulators in India of our investment in Jet Airways," he added.
Nidhi Chaphekar, a Jet Airways crew member who was injured in the Brussels airport bombings, has been discharged from a hospital in Mumbai.
The Jet Airways of old is no more and the industry mourns its demise. Anjuli Bhargava reports.
Nidhi, 42, who has not yet recovered from the injuries suffered in the terrorist attack, arrived around 7.30 am on Friday on a Paris-Mumbai Jet airways flight and was driven to Breach Candy hospital from the airport.
Lenders are likely to convert part of the airline's debt into 11.4 crore shares at a consideration of Re 1 apiece as per RBI norms.
According to media reports, Securities and Exchange Board of India is debating whether to reopen the issue of an open offer for shareholders of Jet Airways after another regulator said that Etihad enjoys joint control over the Indian airline.
A five-member team, headed by Sanjay Kumar Singh, is probing the fatal crash of the Air India aircraft last month in Ahmedabad that killed 260 people. The Aircraft Accident Investigation Bureau (AAIB) has released its preliminary report and appointed the team.
Jet Airways has also been asked to provide details of the pilots who are "habitual" of reporting sick and disrupting the airline's schedule, an official said.
Jet and Etihad have already agreed upon a Rs 4,000-crore interim financing plan according to which Etihad will put in Rs 750 crore either on its own or from an offshore or onshore lender, and a matching amount will be provided by the Jet lenders.
An official of the aviation regulator DGCA had said that the pilots aborted the take off after they were informed about a 'barrier' on the runway
A woman Jet Airways employee was allegedly trying to smuggle out foreign currency worth over Rs 3 crore.
Jet's operating fleet reduced from 103 planes in October 2018 to 35 now, leading to massive cancellations and a surge in airfares
The Raj Thackeray-led Maharashtra Navnirman Sena (MNS) on Monday asked private carrier Jet Airways to make announcements in Marathi and also Marathi movies and newspapers mandatory in flights operating from Mumbai.
Konnect to be phased out as airline struggles to contain losses.
The airline has failed to address fliers' fears and has been opaque about the allegations of tax and financial fraud, giving rise to apprehension that Jet Airways may be headed the Kingfisher way.
SBI chairman Rajnish Kumar said Naresh Goyal would be eligible to bid for the airline when the lenders auction it next month.
A few days back Jet Airways discovered six passengers with false passport/travel documents on their flight, which landed in Brussels from New Delhi. They didn't detect their documents were false when they boarded the plane in New Delhi.
The Civil Aviation Ministry has submitted replies to the CVC on a series of allegations raised by Nishikant Dubey against the deal and clarified all concerns raised by him, official sources said.
would also take on board its strategic investment partner Etihad
Jet Airways on Thursday announced the appointment of Wolfgang Prock-Schauer as chief executive officer and Peter Luethi as chief operating officer with immediate effect.
The provisional restructuring plan has been carried out by lenders, led by State Bank of India, under the Reserve Bank of India's February 12, 2018 circular.
The airline intends to raise the money to meet its cash flow requirements and had got the shareholders' approval for the same on July 24.
Over 30 passengers have suffered ear and nose-bleed after the crew on Jet Airways flight 9W 697 reportedly forgot to select a switch that helps maintain cabin air pressure
The board of directors of Jet Airways has given its in-principle approval to acquire 26 per cent stake in MAS GMR Aerospace Engineering Company for an unspecified amount.
The petition said that acts of the Centre and DGCA were highly prejudicial to employees of the company who have been waiting to get paid for the last five months and have been looking forward to the resolution in bid process.
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