Court order follows submission of govt lawyers that Serious Fraud Investigation Office was probing a case of misappropriation of fund by Jet Airways and Goyal.
Flight cancellations and subsequent grounding of Jet Airways adversely impacted seat capacity in the domestic market which also resulted in fares going up.
Want last year's bonus? Sell our tickets: Jet Airways tells travel agents.
When it was operational, Jet Airways had over 22,000 employees of them over 16,000 were on the rolls.
AIBEA has decided to write to the government and RBI against infusing money into Jet Airways. State-owned banks, including SBI and PNB, are the main lenders to Jet.
A red alert was declared in 8 districts of Kerala on Thursday by the India Meteorological Department (IMD) as rains continued to lash various parts of the state and disrupted the day-to-day lives of the people as roads got flooded or caved in and many got displaced from their homes to relief camps.
The first hurdle is how long Jet Airways can enjoy rights over its parking slots at various airports.
Stock exchanges will impose restrictions on trading in Jet Airways shares from June 28 as part of preventive surveillance measures to curb excessive volatility.
The pilots are also looking to take recourse to legal steps, including recovery proceedings against the company for salary, allowances and benefits
'When Etihad initiated their bid, it was conditional.' 'They said only if someone takes a 'haircut' would they be interested.'
In the audio clip, he is heard directing the attack on Chabad House during Mumbai 26/11 terror attacks.
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
An employees' consortium has demanded that the Committee of Creditors should look at providing one month's salary as an interim financial assistance.
A free and open aviation market, where the government keeps the interest of consumers higher than saving any airline.
Regretting the inconvenience caused to its passengers, the airline said that it continues to have adequate pilots and runs a safe and reliable scheduled operation with rising on-time performance.
'The airline business is very dynamic. If you are unable to keep up and lead, you end up last.' 'This is what has happened to Jet.'
Sources said Gandhi left for Milan in Italy on a Qatar Airways flight in the morning.
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
The three-Test series begins in Visakhapatnam from October 2.
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.
Yogvedanta Poddar, in his 20s, was being interrogated at the Netaji Subhas Chandra Bose International Airport police station to ascertain his motives.
Darwin Group has offered Rs 14,000-crore deal to the lenders for acquiring the grounded airline
The airline had been delaying the salaries of its pilots, engineers and senior staff since August who have not been paid since January.
After 18 months of closure, what really could be salvaged? And the answer sadly is, precious little, Patience, perseverance and plenty of moolah is the way forward even assuming intent is in place, says Anjuli Bhargava.
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.
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.
'Shah Rukh and I have a very good relationship.' 'When he is with you, he is completely yours, once he leaves the room, he doesn't know you.' Pamela Chopra discusses her life with her late husband Yash Chopra, and sons Aditya and Uday Chopra in an exclusive interview.
The airline has suspended its international operations till Monday.
India's aviation regulator DGCA on Thursday lifted the ban on Boeing 737 Max planes' commercial flight operations after almost two-and-half years. On March 13, 2019, all Boeing 737 Max planes were grounded in India by the Directorate General of Civil Aviation (DGCA) after the crash of an Ethiopian Airlines 737 Max plane on March 10 near Addis Ababa which had left 157 people, including four Indians, dead. Aircraft manufacturer Boeing has been modifying the 737 Max plane since March 2019 so that various countries' regulators, including the DGCA, permit its passenger flight operations again.
SBI chairman Rajnish Kumar said Naresh Goyal would be eligible to bid for the airline when the lenders auction it next month.
76 families took a Qatar Airways flight from San Francisco on Sunday evening and reached Bangalore International Airport after a 20-hour flight. These employees were stuck in the US due to various reasons.
The company claims that when the Nitric Oxide Nasal is sprayed over nasal mucosa it acts as a physical and chemical barrier against the virus.
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.
COVID-19 patients commonly report symptoms such as brain fog, headaches, and insomnia, complications which are not new after a viral infection, the researchers said.
Serious Fraud Investigation Office will probe the airline for instances of fund diversions and large-scale irregularities.
Emirates has been voted as the world's best airline in 2016 by travellers around the world.
With over 700,000 annual passengers and 21 per cent market share Air India is the largest carrier on India-United Kingdom routes.
Though NCLT has extended window to find a buyer, bankers don't see much hope of a deal.
At least 20 to 30 departures are being cancelled daily from metros and key airports including Ahmedabad, Bengaluru and Hyderabad.
The full service carrier has more than 20,000 employees, including pilots and engineers.
