Jet Airways Debt News

Companies

Jet Airways employees stage silent protest at Delhi Airport, seek unpaid salary

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 2019
Companies

SBI says lenders in talks for resolution plan for Jet Airways

The SBI statement comes a day after Jet Airways said discussions were progressing well with stakeholders on a comprehensive resolution plan

1 min read17 Jan 2019
Companies

Jet Airways creditors’ meet ends without a deal

While 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 2019
Companies

Jet Airways says discussing SBI resolution plan with shareholders

Jet 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 2019
Companies

Etihad will invest in debt-laden Jet Airways, but conditions apply: Reports

Etihad 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 2019
Companies

Govt won’t interfere in Jet Airways issues: Suresh Prabhu

The 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 2019
Companies

Tata-Jet Airways deal said to be back on the table

With 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 2019
Companies

Jet Airways proposes late debt repayments to creditors

Jet 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 2019
Market

Jet Airways needs an overhaul, not just debt restructuring

There 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 2019
Companies

Banks propose $900 million turnaround plan for Jet Airways

The 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 2019
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