Jet Airways Crisis News

Jet Airways Crisis
Companies

NCLT issues written order approving resolution plan for Jet Airways

On June 22, the tribunal, through an oral order, cleared the consortium's plan for the bankrupt-Jet Airways under the insolvency law.

1 min read25 Jun 2021
Companies

Deadline for completion of Jet Airways insolvency resolution to be extended beyond 21 August

However, the resolution professional (RP) entrusted by the lenders of the airline to complete the insolvency process, hasn't given a fresh deadline yet

1 min read20 Aug 2020
Companies

Jet Airways gets bids from two entities

Grant Thornton India’s Ashish Chhawchharia, the resolution professional appointed by lenders to Jet Airways, will now place the offers before the committee of creditors (CoC) of the airline

1 min read24 Jul 2020
Companies

Brand value, AOP, few assets before potential bidders of Jet Airways

The airline still has in its fleet a few Boeing 777 and Boeing 737 planes, which should be a huge draw for the bidders, says an aviation analystEmergence of new suitors has rekindled interest in residual asset value of the airline

2 min read30 Jun 2020
Companies

Jet Airways receives fresh EoIs ahead of the deadline

This is the fourth attempt by the airline’s resolution professional to find a suitor for reviving the ailing companyThe employees consortium and the South American based Synergy Group have also submitted their interest in the company

1 min read28 May 2020
Companies

Jet Airways RP seeks 90 days extension for bids from NCLT

The tribunal, comprising Bhaskara Pantula Mohan and Rajesh Sharma, will hear the matter next weekThe cash-strapped airline, which was grounded in April 2019, owes more than ₹8,000 crore to banks

1 min read13 Mar 2020
Companies

Jet Airways' creditors to meet on Thursday

Jet Airways stopped flying in April 2019 after it ran out of cashIt owes more than ₹8,000 crore to banks.

1 min read10 Mar 2020
Companies

Jet Airways lenders to seek fresh Expression of Interest for the carrier

The airline which was grounded in April last year, owes more than ₹8,000 crore to banks, with those from the public sector having significant exposureThe earlier deadline for submitting the bids was February 18

1 min read27 Feb 2020
Companies

Jet Airways: CoC decides to extend deadline for bids to 10 March

The deadline for submitting the bids for Jet Airways, which is undergoing insolvency process, ended on MondayThe cash-strapped airline, which was grounded in April 2019, owes more than ₹8,000 crore to banks, with those from the public sector having significant exposure

1 min read18 Feb 2020
News

Synergy Group seeks time till December for Jet Airways bid

The airline’s assets will likely be liquidated if Synergy fails to draw up a resolution planSynergy Group had time till 15 November to submit its bid for the grounded airline

2 min read15 Nov 2019
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