Jet Airways
We direct the committee of creditors to take a decision to float expression of interest (EoIs). We direct them to expedite the process, the Mumbai bench of the National Company Law Tribunal (NCLT) said. (Photo: Representational/PTI)
Expedite decision on fresh EOIs: NCLT to Jet Airways lenders
19 Dec 2019 7:23 PM

The resolution professional (RP) Ashish Chawcharia requested three weeks time to float the EoI.

IndiGo’s announcement came days after IndiGo reported biggest quarterly loss, with the company hurt by issues surrounding engines from a former supplier on A320neo-family jets already in the airline’s fleet. (Representational Image)
IndiGo places order for 300 Airbus planes
30 Oct 2019 4:50 AM

Many of the latest batch of aircraft are not expected to be delivered until mid-way through next decade.

NCLT had barred Dutch Court Administrator from taking part in the Jet Airways insolvency proceedings in India. (Photo: File)
NCLAT allows Dutch court administrator to attend Jet Airways CoC meetings
26 Sep 2019 12:28 PM

One of the Jet Airways aircraft, parked in the Schiphol Airport in Amsterdam, has already been seized.

The airline’s financial and operational creditors, who are owed nearly Rs 30,000 crore ($4.20 billion) are likely to recover only $300-$400 million from the sale of Jet’s assets, the sources, who have direct knowledge of the matter, said.
Jet Airways creditors to recover $300-$400 mn in liquidation scenario
05 Sep 2019 5:46 AM

Less than a year ago, the airline was operating a fleet of 120-plus planes.

NCLAT's direction came while hearing a petition filed by the Dutch Court Administrator against the order of the Mumbai bench of the National Company Law Tribunal (NCLT), which had declared overseas bankruptcy proceedings null and void in the Jet Airways insolvency case. (Photo: Representational/File)
NCLAT asks Jet Airways IRP to cooperate with Dutch Court Administrator
04 Sep 2019 3:37 PM

The Dutch Court Administrator has also agreed before NCLAT not to sell the confiscated assets of debt-ridden Jet Airways.

The grounded airline owes more than Rs 8,500 crore to lenders.
NCLAT asks Jet lenders if they would cooperate with Dutch court administrator
21 Aug 2019 3:19 PM

The NCLAT has asked to list the matter on September 4 for further hearing.

Even after such flying rights are allocated to an airline, it must have slots at both the airports in order to start flight operations.
Govt extends temporary allocation of Jet Airways' slots, flying rights till Dec
21 Aug 2019 10:07 AM

A slot is a date and time at which an airline's aircraft is permitted to depart or arrive at an airport.

On Sunday, mining baron Anil Agarwal's investment company Volcan Investments said it has shown interest in acquiring stake in Jet Airways. (Photo: Representational/PTI)
Not feasible to reinvest in Jet; cites unresolved issues: Etihad
12 Aug 2019 4:03 PM

Etihad has consistently and constructively sought and advanced solutions to help resolve Jet's issues.

The counsel for the RP, Ashish Chhawchharia of Grant Thornton, said Jet Airways currently has no revenue from operations, hence not in a position to pay the employees.
Jet Airways resolution professional seeks more time to pay salaries
09 Aug 2019 1:47 PM

When it was operational, Jet Airways had over 22,000 employees of them over 16,000 were on the rolls.

The full service carrier stopped flying on April 17 as it ran out of money for daily operations.
Jet Airways employees seek interim financial relief
06 Aug 2019 3:47 PM

AK Mohanty said one month's salary should be released to Jet Airways employees for their basic survival.


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