Tag: Jet Airways

New Delhi/Mumbai: Global private equity firm TPG Capital and international airline such as Lufthansa are among six entities who are believed to have shown interest in the “expression of interest” stake sale process of the debt-ridden Jet Airways, sources said. The development comes as lenders of the debt-ridden airline invited EoI for stake sale in […]

New Delhi/Mumbai: More turbulence seems to be in store for debt-ridden Jet Airways, as lessors to the airline have approached India’s civil aviation regulator to de-register 18 aircraft owing to unpaid dues. At present, Jet Airways’ operates 26 aircraft from a fleet size of 119. According to industry insiders, the Directorate General of Civil Aviation […]

New Delhi/Mumbai: Even as debt-ridden Jet Airways was served a legal notice from a section of its pilots, airline’s CEO Vinay Dube on Tuesday said the company continues to work with lenders on the balance sheet restructuring plan and will inform the employees about the progress of the process by early next week. According to […]

New Delhi: Civil Aviation Minister Suresh Prabhu on Friday said he has directed the Secretary for Civil Aviation to review issues concerning Jet Airways and take required steps to minimise passenger inconvenience. The statement comes after the debt-ridden airline on Thursday suspended long-haul west-bound flight departures for one night. “Directed Secretary @MoCA_GoI to review issues […]

New Delhi: Low-cost carrier and top rival SpiceJet appears to be making the most of the crisis at Jet Airways. Spicejet is now hiring engineers and pilots at much lower pay than their current salaries at the financially-troubled Jet. Industry sources told IANS that pilots from Jet Airways are being asked to take salary cuts of […]

Mumbai: Jet Airways’ troubles don’t seem to getting over anytime soon. With no funds coming from lenders, the beleaguered airline has extended suspension of its international operations till April 18. “The interim funding has not been forthcoming thus far, and as a result we have extended cancellation of international operations through Thursday,” said CEO Vinay […]

New Delhi: Civil Aviation Minister Suresh Prabhu on Tuesday directed his Ministry officials to review issues related to high airfares, passenger rights and safety as the finically challenged Jet Airways struggles to stay afloat. “Directed Secretary @MoCA_GoI to review issues related to Jet Airways, especially increasing fares, flight cancellations etc. Asked him (Pradeep Singh Kharola) to […]

Mumbai: Financially-challenged Jet Airways has reportedly requested lenders for an interim funding of Rs 400 crore to stave off a temporary closure, even as its current operational fleet further shrunk to five aircraft. According to the Civil Aviation Secretary Pradeep Singh Kharola, the airline on Tuesday operated only five aircraft down from seven yesterday. Under […]

New Delhi: Embattled liquor baron Vijay Mallya has once again attacked the government for discriminating between public sector and private airlines while extending solidarity with crisis-hit Jet Airways and its founder Naresh Goyal. In a series of tweets, Mallya said he was sorry that so many airlines had bitten the dust in the country. “Even though […]

Mumbai: Jet Airways announced that it has temporarily suspended all flight operations from Wednesday night as the airline failed to secure an interim funding for maintaining even bare minimum operations. The company’s decision came after the airline failed to secure an interim funding from lenders to stay afloat. Currently, the airline only operated five aircraft […]

New Delhi: The grounded Jet Airways has issued a gag order to its employees advising them to refrain from speaking with external stakeholders. An internal mail accessed by IANS suggests that talking with external stakeholders especially the media might impact the bidding process for airline’s stake sale. “We are currently at a critical stage of our […]

New Delhi: Faced with severe liquidity crisis, grounded Jet Airways has informed employees that it will not be able to fund the premium of Group Mediclaim Policy and advised them to take medical cover of their choice. IANS first reported on April 27 that Jet employees face uncertainty over extension of their Mediclaim provided by the […]

New Delhi: The Delhi High Court on Wednesday issued notice to Jet Airways on a plea seeking prompt redressal of consumer complaints in the wake of the ongoing crisis. A Division bench of Chief Justice Rajendra Menon and Justice Anup Jairam Bhambhani also asked the Directorate General of Civil Aviation (DGCA) and Ministry of Civil Aviation […]

New Delhi: State-run Air India has decided to offer a 40 per cent discount on ‘tatkal’ air tickets on domestic routes. The move is set to help flyers get reasonably-priced tickets for emergency travel. Airlines generally sell last-minute ticket at very high prices. “Generally, an emergency leads to the last-minute demand. Such a traveller is […]

New Delhi: Grounded Jet Airways continues to lose its senior executives dashing hopes of the airline’s revival. The latest to quit the company is its Chief Financial Officer (CFO) and Deputy Chief Executive (CEO) Amit Agarwal. The exit comes days after the airline’s top executive Gaurang Shetty, considered close to founder Naresh Goyal, resigned from […]