Gulf Times - Jet-Airways
Jet Airways pilots' union asks India's top court to direct lender to release funds

Jet Airways pilots' union asks India's top court to direct lender to release funds

Jet Airways' pilots' union has appealed to India's top court to direct State Bank Of India (SBI) to release interim funding to try to revive the grounded airline, according to a court filing made on Tuesday ...

India top lender says liabilities biggest hurdle to Jet Air sale

India top lender says liabilities biggest hurdle to Jet Air sale

The top lender of ailing Jet Airways India Ltd said the burden of reversing the grounded carrier’s negative net worth before it can fly again is the biggest challenge for any potential investor.

Jet Airways waits for buyer as rivals muscle in on territory

Jet Airways waits for buyer as rivals muscle in on territory

A revival of Jet Airways India Ltd, once the nation’s biggest carrier by market value, is at risk as days roll by since its operations were completely halted.

Jet Airways shares plunge, rivals race to grab grounded carrier's slots

Jet Airways shares plunge, rivals race to grab grounded carrier's slots

Jet Airways Ltd shares plunged on Thursday, battered by fears about whether the grounded Indian airline would fly again, even as carriers like rival SpiceJet rushed in to plug a supply gap ...

Flight suspensions hit Jet Airways shares amid crisis meeting

Flight suspensions hit Jet Airways shares amid crisis meeting

Jet Airways shares plunged Tuesday amid reports the board of the stricken Indian airline would suspend all operations after lenders refused to release emergency funds to keep the carrier flying.

Jet Airways pilots threaten strike amid more flight cancellations

Jet Airways pilots threaten strike amid more flight cancellations

India's beleaguered Jet Airways was staring at a fresh crisis Sunday as hundreds of pilots and other top staff threatened to go on strike over unpaid salaries.

India's Jet grounds three-fourths of fleet as it awaits bailout funds

India's Jet grounds three-fourths of fleet as it awaits bailout funds

India's Jet Airways has been forced to ground more than three quarters of its fleet after failing to pay lessors, as the debt-laden carrier struggles to secure bailout funds promised by state-run banks.

India's Jet grounds seven more planes amid shutdown fears

India's Jet grounds seven more planes amid shutdown fears

India's debt-laden Jet Airways has grounded seven more planes after failing to pay for its aircraft leases, heaping pressure on its founder as a ballooning crisis threatens its survival.

Crisis at India's Jet worsens as it grounds planes, faces strike

Crisis at India's Jet worsens as it grounds planes, faces strike

India's Jet Airways was fighting multiple crises Wednesday after grounding six planes, leaving it with only a third of its fleet flying, while pilots have threatened to walk out and a major shareholder ...

India government asked banks to save Jet Airways, avoid bankruptcy: sources

India government asked banks to save Jet Airways, avoid bankruptcy: sources

India's government has asked state-run banks to rescue privately held Jet Airways without pushing it into bankruptcy, as Prime Minister Narendra Modi seeks to avert thousands of job losses ...

Jet shareholders approve conversion of loan into shares

Jet shareholders approve conversion of loan into shares

Shareholders of the beleaguered Jet Airways have approved a proposal to convert a part of company's loans into shares with an overwhelming majority.

India's SBI set to own 15% of Jet Airways

India's SBI set to own 15% of Jet Airways

Jet Airways creditor State Bank of India is likely to own 15% of the airline if the cash-strapped carrier's plan for a debt-for-equity swap is approved, Indian TV channels reported on Tuesday.