Four airlines shut shop in just three years
Jet Airways, JetLite, Air Costa and Air Carnival have suspended flights in the last three years.The government has said that it is conscious of the financial difficulties being faced by the airlines and is responding to the industry situation
Synergy group gets a month to submit resolution plan for Jet Airways
It had been given time till November 15 to submit its bid. However, the group sought more time as it seeks clarity on airport slots in India and London Synergy Group seeks time to bid for Jet Airways
NCLT has directed South America's Synergy Group to make a representation before December 3 South America's Synergy Group seeks more time to bid for Jet Air
South America's Synergy Group Corp has asked for a second extension to submit a final bid for Jet Airways, said Grant Thronton's Ashish Chhawchharia, JET AIRWAYS (INDIA) LTD. - 532617 - Intimation Of The Fifth Meeting Of Committee Of Creditors('COC') Of Jet Airways (India) Limited
Pursuant to Regulation 30 (2) of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 (LODR) and in accordance with the requirements of sub-clause 16(g) of Para A of Part A of Schedule III of LODR, we wish to inform that the Fifth Meeting of Committee of Creditors (CoC) of Jet Airways (India) Limited is scheduled to be held on November 19, 2019 at 02: 30 P.M. IST, for which notice to the members of the CoC has been sent on November 15, 2019.
Seven month after Jet's grounding, JetPrivilege renamed InterMiles
Abu Dhabi-based Etihad Airways PJSC owns 50.1% stake in JPPL, while the grounded Jet Airways holds the remaining.Jet Airways was grounded in April due to an acute cash crunch
Jet Privilege goes for brand revamp; to be known as 'InterMiles'
Carved out as a separate entity from Jet Airways, Jet Privilege has close to 10 million members.Even as Jet Airways faced turbulence before being forced to ground operations, JPPL has been a profitable venture Jet Airways, Naresh Goyal under SFIO lens; stock hits lower circuit
The grounded Jet Airways owes over Rs 8,000 crore to its lenders. Besides, the airline is estimated to have a total liability of about Rs 25,000 crore which includes dues of operational creditors. Indian skies have fewer jumbo jets, 80 more needed to touch global average
The collapse of Jet Airways has everything to do with the falling number of wide-bodied aircraft. Does IBC process spare a thought for employees?
Distraught staff of Jet Airways and IL&FS feel that the bankruptcy apparatus is not concerned about what is due to them