No relief to Jet Airways chief from HC
- Jul 09, 2019
- 70 likes
New Delhi, July 9 (IANS) The Delhi High Court on Tuesday refused to grant interim relief to Jet Airways promoter Naresh Goyal over his plea seeking to quash the Look Out Circular issued against him. A single judge bench presided by Justice Suresh Kait sought response from the Centre and then posted the matte...
Short-covering triggers Jet's 93% jump in scrip price (Lead)
- Jun 20, 2019
- 98 likes
Mumbai, June 20 (IANS) Jet Airways' scrips saw a gigantic surge in its value on Thursday owing to short-covering after heavy selling in the past 11 sessions. The scrips surged over 133 per cent before closing 93 per cent higher, which came ahead of the NCLT's order over its admission under the IBC. The bankr...
NCLT admits insolvency plea against Jet Airways
- Jun 20, 2019
- 77 likes
Mumbai, June 20 (IANS) The National Company Law Tribunal (NCLT) on Thursday admitted the State Bank of India's insolvency plea against the now-grounded Jet Airways. The Mumbai bench of the tribunal has directed the Insolvency Resolution Professional (IRP) to make efforts to resolve the matter within three mo...
Sudden spike in Jet Airways stocks, gains 66%
- Jun 20, 2019
- 82 likes
Mumbai, June 20 (IANS) Grounded Jet Airways stocks saw a sudden spike on Thursday as its advanced 66 per cent from its intra-day low to hit a high of Rs 44.70 per share during early trade on the BSE. At 12.46 p.m., the Jet Airways stock was trading at Rs 41.75 a share, or at 26.13 per cent higher than its pr...
Damage by Jet's failure could have been averted: Narain
- Jun 20, 2019
- 88 likes
New Delhi, June 20 (IANS) Senior journalist Vineet Narain in a tweet has claimed that the damage from the failure of Jet Airways could have been averted if the authorities acted on his complains on time. Narain said that he and his colleagues persistently investigated several scams of Jet and Ministry of Ci...
Sensex, Nifty end marginally higher, Jet ends 40% down (Lead)
- Jun 18, 2019
- 79 likes
Mumbai, June 18 (IANS) Snapping a four-day losing streak, the benchmark indices Sensex and Nifty closed marginally higher on Tuesday after a choppy day of trade. The Sensex closed 85.55 points, or 0.22 per cent, higher at 39,046.34 while the Nifty closed 19.35 points, or 0.17 per cent, in the green. Markets...
Investors abandon Jet Airways, shares crash 52%
- Jun 18, 2019
- 91 likes
Mumbai, June 18 (IANS) Jet Airways shares lost over half of its value on Tuesday following its lenders' decision to initiate bankruptcy proceedings against the grounded airline. Jet Airways stocks hit an intra-day low of Rs 32.25 per share, falling by a massive 52 per cent. At 1.41 p.m, Jet's stocks were tra...
Aviation Minister offers hope as Jet Airways sinks deep
- Jun 14, 2019
- 68 likes
New Delhi, June 14 (IANS) Amid dwindling hopes of Jet Airways' revival, Aviation Minister Hardeep Singh Puri on Friday exuded confidence that a solution would be found for the defunct carrier. (We are) very confident that we can solve the problems at the now defunct carrier, Puri said on the sidelines of a...
Jet stocks plunge 16% as surveillance measures to kick in soon
- Jun 13, 2019
- 72 likes
Mumbai, June 13 (IANS) After hitting an all-time low of Rs 84.80 per share, Jet Airways' scrips closed 16 per cent lower on Thursday, a day after the exchanges decided to shift the security from Rolling Segment to Trade for Trade Segment. The two key stock exchanges -- BSE and NSE -- will impose preventive s...
AdiGroup still interested in Jet; but will wait only 48 hrs
- Jun 12, 2019
- 79 likes
New Delhi/Mumbai, June 12 (IANS) In a final push to revive the now grounded Jet Airways, London-based AdiGroup has again evinced interest in Jet Airways. Another 48hrs is all we have... and then we walk away!! Have been patient enough @PMOIndia @MoCA_GoI @TheOfficialSBI @EtihadAirways !!!, AdiGroup's Chair...
Jet's scrip crash over 10% on fears of takeover failure
- Jun 11, 2019
- 82 likes
Mumbai, June 11 (IANS) Jet Airways scrip plunged on Tuesday following reports of breakdown in talks between the Hinduja Group and Etihad for a stake sale of the now grounded airline. Additionally, the stocks were impacted by reports that Jet's vendors approached the National Company Law Tribunal (NCLT) on Mo...
Jet hijack scare: Mumbai businessman gets lifer, Rs 5 cr fine
- Jun 11, 2019
- 65 likes
Ahmedabad, June 11 (IANS) In the first conviction under the amended anti-hijacking law, a special National Investigation Agency (NIA) court on Tuesday sentenced a Mumbai-based businessman with a life term and a fine of Rs 5 crore for creating a hijack scare on a Mumbai-Delhi bound Jet Airways flight on Octob...
It's now Jet versus Jet as endgame nears (Lead)
- Jun 08, 2019
- 92 likes
BY NIRBHAY KUMAR New Delhi, June 8 (IANS) Even as the lenders and the employees hope against hope and expect a white knight to rescue the grounded Jet Airways, the airline's promoter Naresh Goyal, now deboarded from the pilot seat, knew weeks back that it was time to abandon the sinking ship. Goyal's travel ...
Jet Airways 'not in position' to declare Q4 results
- May 30, 2019
- 80 likes
Mumbai, May 30 (IANS) The grounded Jet Airways said, here on Thursday, it was not in a position to declare the quarterly results owing to the ongoing bidding process and resignations of employees and directors. In a regulatory filing, the company said, In view of the ongoing bidding process undertaken by ...
Joint bid for Jet Airways innovative but complicated: Experts
- May 22, 2019
- 83 likes
New Delhi, May 22 (IANS) With conventional solutions remaining elusive for the grounded Jet Airways, industry experts see a joint bid for the airline by strategic and financial investors as a viable option wherein risks can also be hedged. There are cases where management buy-outs are happening. The employe...
Section of Jet staff seeks financial details to raise $700 mn
- May 18, 2019
- 111 likes
New Delhi, May 18 (IANS) A section of grounded Jet Airways' employees comprising members of airline unions have written to SBI Caps seeking asset and other financial details of the crisis-hit company for raising $700 million (Rs 4,917 crore) from a mix of domestic and foreign investors. SBI Caps is the trans...
Clarity on Jet Airways expected in a week: SBI chief
- May 18, 2019
- 89 likes
New Delhi, May 18 (IANS) It may not be over till it is over. Even as some industry veterans believe that grounded Jet Airways may have hit the end of the road, State Bank of India (SBI) Chairman Rajnish Kumar remains optimistic that clarity over the future course of the airline will emerge in a week's time. ...
Setback for IndiGo, Jet's unused flight quota to be shared equitably
- May 17, 2019
- 110 likes
By Nirbhay Kumar New Delhi, May 17 (IANS) Unimpressed by IndiGo's suggestion to allot grounded Jet Airways' unused slots in proportion to the fleet size of rival carriers, the government has decided to give higher seat quota on foreign routes to the carriers launching flights on unserved sectors or those wit...
Jet saga: Now, Etihad's nominee on Jet board resigns
- May 17, 2019
- 65 likes
New Delhi, May 17 (IANS) Grounded full service carrier Jet Airways' continues to lose its senior management level personnel, further damaging hopes of the airline's revival. The latest to quit the company is Robin Kamark, the UAE-based Etihad Airways' nominee on the Board of the grounded airline. We wish to...