Jet Airways employees demand to know the future course of action to revive the debt-ridden airlineMarch salaries of all the employees have been deferred, while the pilots have not been paid since January 1
1 min read14 Apr 2019The SBI statement comes a day after Jet Airways said discussions were progressing well with stakeholders on a comprehensive resolution plan
1 min read17 Jan 2019While few details emerged from the meeting, officials said that Etihad Airways wanted Jet Airways promoter and founder Naresh Goyal to reduce his stake to 20% while being given a board seat
3 min read17 Jan 2019Jet Airways said the plan contemplates options on the debt-equity mix, proportion of equity infusion by stakeholders and change in the airline's board
1 min read16 Jan 2019Etihad has also insisted that Jet's founder and Chairman Naresh Goyal must step down from the board and his stake should be slashed to 22% from 51%, according to media reports
1 min read16 Jan 2019The aviation ministry is in talks with the finance ministry to bring down the costs of the aviation sector, says aviation minister Suresh Prabhu
1 min read15 Jan 2019With Jet Airways set to run out of cash in about a month, the Naresh Goyal-promoted airline is now looking to restart talks with Tata Group
2 min read10 Jan 2019Jet Airways proposed a 'resolution plan' that would involve making payments on loans originally due in December, January and February in several tranches between March 31 and September 30
1 min read10 Jan 2019There is little relief in sight for Jet Airways' investors in the near future unless a strategic buyer with deep pockets emerges and saves the day
2 min read22 Jan 2019The Jet Airways' debt resolution plan, if approved by all stakeholders, will trigger a change in Jet Airways' shareholding pattern, with founder chairman Naresh Goyal's stake falling below the current 51%
2 min read10 Jan 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared