JKC acquired the grounded Indian carrier Jet Airways in a bid process through India’s insolvency court National Company Law Tribunal in 2021
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airline business
India’s Jet Airways auctions Boeing 777 airplanes in bid to resolve financial issues
The airline is currently trying to negotiate deals with lenders and former employees in order to start operations again
airline business
Jet Airways kicks off re-launch, hiring new pilots after acquisition by UAE-based Indian businessman Murari Lal Jalan-led management
The once highly popular Indian carrier is said to be preparing to be airborne by September this year
Aviation
Indian carriers continue to benefit from Jet Airways’ plight
Temporary allocation of slots and flying rights extended until the end of December
Boeing 737 Next Generation
Low-cost carrier SpiceJet set to introduce new business class seats
Spicejet said its new offering will have a 2X2 cabin, gourmet meals and beverages, priority check-in and lounge access
Aviation
Jet Airways waits for a buyer as rivals muscle in on territory
A boom of budget airlines in the mid-2000s, on top on rising fuel prices and a weakening rupee, kept adding to Jet Airways’ costs in the notoriously price-sensitive market
Aviation
In pictures: What has gone wrong with India’s Jet Airways?
Here’s a look at where it all went wrong for the Etihad-backed troubled Indian carrier Jet Airways, the country’s oldest surviving private airline.
Abu Dhabi
Etihad assisting Jet Airways passengers in wake of airline’s collapse
The State Bank of India-led consortium is looking to sell a controlling stake in Jet and has shortlisted four potential buyers, including Etihad Airways, which already owns 24%
Aviation
Five things that went wrong for India’s Jet Airways
As Jet Airways seeks an immediate injection of $57.5m to continue its few remaining services, here’s a look at where it all went wrong for the Indian carrier
Aviation
India’s Jet Airways holds crisis meeting after fund rejection
Sources have said the airline had only enough fuel to keep its seven remaining jets running until Tuesday afternoon
Abu Dhabi
Crisis at India’s Jet worsens as it grounds more planes, faces strike
Jet, which employs more than 20,000 people, is facing debts of more than $1bn and has now been forced to ground a total of 78 of its 119 aircraft after failing to pay lenders and aircraft lessors
Abu Dhabi
Jet Airways suspends flights to Abu Dhabi
A large-scale grounding of its aircrafts directly affects the Mumbai-based carrier’s investment partner, Abu Dhabi-based Etihad Airways
Aviation
Video: What is the future of debt-ridden India’s Jet Airways as aircraft grounding continues?
Indian airline Jet Airways is facing serious operational issues, with 25 of its aircraft currently grounded on account of payment defaults to the carrier’s leasing companies.
Abu Dhabi
Leasing company threatens to take back aircraft from India’s Jet Airways
Jet Airways lists dozens of flight cancellations through March 30, including flights to Dubai, Abu Dhabi, Riyadh and Dammam
Aviation
Etihad-backed Jet Airways cancels Dubai flights
Jet Airways says some cancellations were pre-planned, others were due to technical issues
Aviation
More Jet Airways aircraft grounded as payment issues continue
Jet Airways, in which Abu Dhabi-based Etihad Airways hold 24 percent stake, has a total of 119 aircraft, large majority of which are on lease basis
Aviation
India’s Jet Airways reports quarterly loss of $177m
Loss for Indian airline comes despite an increase in revenue for the July-September period