JKC acquired the grounded Indian carrier Jet Airways in a bid process through India’s insolvency court National Company Law Tribunal in 2021
Cash-strapped Jet Airways
Latest in Cash-strapped Jet Airways
airline business
Jet Airways relaunch plan hits another air pocket
The carrier’s lenders approach the country’s appellate bankruptcy court to block the Jet Airways ownership transfer to the consortium led by UAE-based businessman Murari Lal Jalan
airline business
India’s Jet Airways wins second chance to takeoff as UAE-based owner given 6-month grace period
Earlier, India’s insolvency court, which approved the consortium’s proposal to take over Jet, had set November 16, 2022 as the effective date to pay dues to various creditors
Aviation
Russian bidder for Jet Airways may be disqualified
Russian investment fund fails to comply with
Aviation
South American group expresses interest in grounded Jet Airways
Rio de Janeiro-headquartered Synergy Group is a majority stakeholder in the Colombian carrier Avianca Holdings
Aviation
Video: Jet Airways debt crisis explained
Recently, three parties showed interest in reviving debt-ridden Jet Airways, and no, none of them was Etihad, which holds a 24% stake in the airline.
Aviation
Indian carriers continue to benefit from Jet Airways’ plight
Temporary allocation of slots and flying rights extended until the end of December
Aviation
Investors back away from Jet Airways deal
Etihad Airways decided against reinvesting in the troubled carrier because of ‘unresolved issues concerning the airline’s liabilities’
Cash-strapped Jet Airways
Three parties interested in debt-ridden Jet Airways
Grounded debt-ridden Indian airline Jet Airways has received expressions of interest from two financial investors and another global company
Aviation
Insolvency administrator invites resolution plans for Jet Airways
Jet Airways fell victim to a cut-throat price war initiated by a slew of budget carriers and eventually defaulted to banks, staff and lessor
Cash-strapped Jet Airways
Jet Airways lenders to go to bankruptcy court
Lenders to crippled Jet Airways say they would start bankruptcy court proceedings after failing to find buyer
Cash-strapped Jet Airways
Indian govt injects new optimism over Jet Airways future
The National Investment and Infrastructure Fund (NIIF), India’s sovereign wealth fund, may also be willing to invest in Jet
Abu Dhabi
Jet Airways investors seek massive write-down on debt
The investors are reportedly eyeing up to 75% reduction in debt by the banks on Jet Airway’s debt
Cash-strapped Jet Airways
Indian officials block former Jet Airways chairman Goyal from overseas travel
Naresh Goyal, former chairman of grounded Jet Airways and his wife were stopped from boarding a flight to Dubai on his way to London
Abu Dhabi
Britain’s Hinduja brothers consider bid for India’s Jet Airways
State Bank of India is seeking to sell a majority stake and has received two unsolicited bids and a conditional offer from Etihad Airways of Abu Dhabi
Air India
Air India to launch more Dubai flights to fill Jet Airways gap
State-run airline will add two flights daily on its Delhi-Dubai and Mumbai-Dubai routes from next month amid Jet Airways crisis
Aviation
CEO of Etihad-backed Jet Airways quits as crisis deepens
Heavily indebted Indian airline, which last month suspended all operations, says chief executive Vinay Dube resigned due to ‘personal reasons’