The National Company Law Tribunal (NCLT) on Friday approved the transfer of ownership of bankrupt-Jet Airways to the Jalan Kalrock consortium and gave the winning bidder more time to pay the dues to the creditors. The latest rulings have come on two petitions filed by the consortium. One plea pertained to approval of transfer of ownership and the second one related to extension of time for the payment of dues to the creditors. Earlier, the tribunal had given time till November 16, 2022 for the consortium to make the payments to the creditors of the airline.
A woman Jet Airways employee was allegedly trying to smuggle out foreign currency worth over Rs 3 crore.
The order came days after Goyal told the court that he had "lost every hope of life and it would be "better if he died in jail" than living in such a situation.
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.
Around 650 pilots of the private air carrier Jet Airways will go on an indefinite strike on midnight of September 7 to protest sacking of two of their colleagues.
The airline had been delaying the salaries of its pilots, engineers and senior staff since August who have not been paid since January.
The no-frills brand is poised for a big leap by debuting in some international routes as well.
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.
The decision to allot vacant slot to other carriers has been taken to reduce the inconvenience of passengers and facilitate induction of additional capacity.
With substantial number of employees having been with Jet Airways for around 20 years, getting another job is also not easy considering the age factor and the job market situation.
Lok Sabha Speaker Somnath Chatterjee and other passengers onboard a Jet Airways flight had a narrow escape on Sunday when their plane had to abort landing and take a 'go-around' after the pilot spotted another aircraft on the runway.The Southern China Airlines was on the ground and was taxiing for take off on runway 29. The aircraft came onto the runway due to some apparent communication gap.
The national carrier on Tuesday cancelled 37 of the 177 domestic flights and nine of the 21 international flights as more executive pilots reported 'sick'.
Jet's staff strength stands whittled down to around 4,000, with many former employees having joined airlines in India and abroad.
The 72-hour introductory joint special fare offer will be available from July 25 to July 27 for a travel period between September 1 and June 15, 2015 for flights within India and between September 1 and November 30 this year for flights to international destinations, the statements said.
The salaries for August were to be paid in two instalments -- 50 per cent by September 11 and the remaining by September 26.
"With the regulatory approval process now finalised for the new route, we are very pleased to enter this new stage of Jet Airways' North American expansion," Jet Airways founder and chairman Naresh Goyal said.
The government on Monday allowed privately-owned Jet Airways and Air Sahara to fly to the Association of South East Asian Nations and raised the seat capacity of Indian Airlines and Air-India to these destinations.\n\n
Jet to raise $400m and add 20 new aircraft for expansion.
The national carrier Air India is mulling an all-women crew flight.
Controversies have perennially dogged Jet Airways. The latest tussle with the pilots has further dented the company's reputation, demoralised employees, inconvenienced thousands of passengers and resulted in losses running into crores for the beleaguered airline.
The airlines were penalised for 'concerted action in fixing and revising Fuel Surcharge (FSC) for transporting cargo.'
Naresh Goyal-owned private airline Jet Airways is understood to be considering providing meals on its all economy service Jet Konnect.
Jet Airways on Thursday announced a convenient payment option for its customers, which allows them to book tickets online on the domestic carrier's portal and pay by cash later, a move aimed at enhancing the airline's distribution network.
There are no Jet flights to and from Kolkata, Patna, Guwahati and other airports in the region. It also cancelled flights to London, Amsterdam and Paris from Mumbai, New Delhi and Bengaluru scheduled for April 12.
Code share is a commercial agreement between two or more airlines that share the same flight, with all the partnering airlines able to sell seats on that particular flight.
Jet Airways, which is in the process of finalising a stake sale deal with Etihad Airways, plans to extend its code share agreement with the Abu Dhabi-based carrier to the Mumbai-Brussels-Newark route, sources said.
Naresh Goyal-led Jet has also changed the shareholders agreement and amended the investment agreement and the articles of association, as suggested by the Foreign Investment Promotion Board, headed by DEA Secretary Arvind Mayaram, official sources said.
Jet's operating fleet reduced from 103 planes in October 2018 to 35 now, leading to massive cancellations and a surge in airfares
Jet has come under regulatory scrutiny twice this year.
The agency filed its affidavit in response to Goyal's habeas corpus (produce the person) petition in which he claimed he was illegally arrested by the ED in the case.
Jet, earlier, pulled out of Johannesburg, New York routes.
Jet Airways chairman Naresh Goyal on Tuesday met civil aviation secretary Madhavan Nambiar on Tuesday against the backdrop of pilots of the private carrier refusing to report to work to protest against the sacking of two of their senior colleagues.
The carrier has deployed Airbus 330-200 aircraft on the route.
Jet Airways has terminated the services of 43 trainee junior technicians of the engineering department as part of its cost-cutting measures.
Battling to grab market share on international routes, Jet Airways has drawn up plans to make China a hub for flying to popular destinations like San Francisco and Los Angeles on the US west coast and to Vancouver in Canada in the near future. "It is much shorter to fly from China to the US west coast than from Singapore. This way, the yields on the routes will also be higher," said Jet Airways Chairman Naresh Goyal.
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.
