The company is actively engaged with all its aircraft lessors and regularly providing them with updates on the efforts taken to improve liquidity.
The first tranche of $31 million was due on March 11, while the second instalment of $109 million was due on March 28.
Former Air India Executive Director Jitendra Bhargava had filed the appeal questioning the decision of CCI to approve the Jet-Etihad deal without carrying out a detailed assessment.
Jet has proactively undertaken certain operational adjustments to its flight schedule, keeping in mind the likely, yet interim non-availability of some aircraft in its fleet in the foreseeable future.
.jpg)
Former Air India Executive Director Jitender Bhargava filed the appeal challenging the decision of the Competition Commission of India to clear the Jet-Etihad deal without carrying out a detailed assessment.
Etihad's acquisition of 24 per cent stake in Jet Airways was the first FDI in an Indian carrier by a foreign airline.
While Jet founder Naresh Goyal said he was willing to infuse Rs 700 crore and also pledge all his shares in the company provided he can have at least 25 per cent stake, the airline's foreign partner Etihad Airways insists he must not keep more than a 22 per cent stake.
Salla was accused of creating a hijack scare by planting a threat note written in English and Urdu in the tissue paper box of the aircraft's toilet.
The agreement between the two airlines came on the second day of the four-day state visit of Mukherjee to the country.
The airline, on its part, on Wednesday denied retrenchment plans.
A district court on Friday deferred till July 29, the hearing on Air Sahara's petition regarding its failed takeover by Jet Airways and extended the interim order on freezing the escrow account opened for the purpose.
IndiGo declined to comment on the matter
Bombay high court began hearing arguments on Thursday on whether it has the jurisdiction to adjudicate on a dispute between Jet Airways and Lucknow-based Air Sahara over a collapsed takeover deal.
Under the resolution plan, the lenders would end up having a sizable portion of shares in the airline, if their boards of directors agree to convert part of their debt into equity.
Though a formal purchase agreement with Boeing is yet to be signed, SpiceJet's order size could be of 40-50 planes, a source familiar with the development said. At list price, a 737 Max aircraft is valued at about $100 million (Rs 620 crore).
Etihad has purchased 24 per cent stake in Jet Airways in a deal worth about Rs 2,060 crore deal which was announced in April 2013.
While Etihad has told Securities and Exchange Board of India that it has not violated any securities law by not making an open offer, the capital market regulator is now seeking further clarity on the issue from other agencies including fair trade watchdog CCI, Finance Ministry and Aviation Ministry, sources said.
Etihad is in talks to pick up a 24 percent stake in Jet.
Abu Dhabi-based Etihad Airlines has agreed to halve the number of directors on the Jet Airways Board to two posts under the Rs 2,058 crore deal, giving the Indian promoters 'effective control' of the carrier.
With full-service carrier Jet Airways and budget airline SpiceJet operating 737 MAX planes, the DGCA has decided to seek information about the aircraft from Boeing as well as the two domestic carriers in view of the air crash in Ethiopia.
Qatar Airways might infuse $200 million in debt and equity in SpiceJet.
Earlier when Goyal had moved court seeking permission to go abroad, the judge had observed that if he wanted to go abroad, he should first deposit Rs 18,000 crore as guarantee that his company owes to lenders.
Signalling an imminent change in SpiceJet's ownership, potential investors including co-founder Ajay Singh and US-based JPMorgan have begun discussions with markets regulator Sebi over their investment plan for the cash-strapped airline.
The incident happened when the air hostess asked the lawmaker not to throw the leftover food in the aisle.
It is clear that foreign airlines have realised the growth possibilities of the Indian aviation sector and are keenly interested, the minister said.
Among the other conditions of the Hinduja group for picking up a stake in Jet is that bankers must take a haircut of 80 per cent and that they should help negotiate with operational creditors like aircraft lessors for moratorium on certain immediate payments.
This is an exceptional case of extension beyond the 330-day limit under the insolvency and bankruptcy code.
Indian bankers are fearful that going out of their way to save Jet could lead to subsequent harassment from investigative agencies.
Jet has been operating on international routes since 2004, being the first private airline to do so in decades, after it launched a Chennai-Colombo service in March that year.
The IRP has admitted 33 claims from banks worth Rs 8,462 crore, and is verifying Rs 15,044-crore claims from operational creditors and staff.
Both lenders and Etihad are not comfortable with the entities holding stake in Jet as they have no proven credentials in running a big business
The bankruptcy tribunal had on July 5, prevented the Directorate General of Civil Aviation from deregistering the Boeing 777 plane, which has been under the possession of a Dutch cargo provider since April.
Boeing 737 MAX planes were globally grounded in March 2019, after two of these crashed within five months, raising safety concerns.
No-frills carrier Go First filing for insolvency proceedings and cancelling flights is bad for the airline industry as the move will reduce capacity and could push airfares in certain routes, travel agents' grouping TAAI said on Wednesday.
The Maharashtra government has banned the use of single disposable items made from plastic such as spoons, forks, cups, glasses. Plastic bags and wrap used for packaging or storing products too is covered under ban.
FIA is a body of four established domestic private airlines -- Jet Airways, IndiGo, SpiceJet and GoAir.
The sources said that during the boarding, the male passenger behaved in an unruly manner and touched the female cabin crew member inappropriately.
The bulk of Indian carriers flying to Dubai are low-cost carriers, which include IndiGo, Air India Express, and SpiceJet.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
At one time the RCMP even suspected him of being involved in the murder of Vancouver-based journalist Tara Singh Hayer, who was to testify in the British Columbia Supreme Court regarding the Air India tragedy of June 23, 1985. However, he was found to be innocent after a polygraph examination on June 4, 2006.
