Airlines in doldrums: Worst seems to be over but profit remains out of sight

In its latest report, the Centre for Asia Pacific Aviation India (CAPA) said that the industry is heading towards consolidation and it could result in a 2-3 airline system in the near to medium term.

published on : 10th January 2021

Court accepts closure report against Jet Airways' promoter

The order came a day after the Bombay High Court rejected a plea of the Enforcement Directorate (ED), which is also probing the case, to intervene into the matter.

published on : 22nd December 2020

Jet Airways may resume operations next year: Jalan-Kalrock consortium

Jet Airways was grounded on April 17 due to liquidity crisis and subsequently went into administration in June 2019.

published on : 7th December 2020

Jet Airways’ new promoters plan to get it back in the air in 4-6 months

According to a Reuters report, the new owners had agreed to pump in Rs 1,000 crore as working capital and another Rs 1,000 crore paid to creditors over a period of five years.

published on : 20th October 2020

Jet Airways gets buyer in Kalrock Capital and Murari Lal Jalan but likely to fly next year only

Analysts warned of many challenges for the new owners but even if everything goes right, it could still take up to eight months to get the Jet planes back in the skies.

published on : 18th October 2020

Court junks ED plea seeking to intervene in cheating case against cash-strapped Jet Airways

A case of cheating and criminal breach of trust has been registered against Jet Airways and its promoters Naresh Goyal and his wife Anita Goyal at MRA Marg police station.

published on : 15th October 2020

Jet Airways’ bidders told to submit revised offers

According to the person aware of the latest development, the bidders are asked to change the offers over the next five days as the CoC expects them to come with improved offers.

published on : 29th September 2020

Jet Airways loss widens to Rs 5,536 crore in 2018-19

The financial statements have been signed by Jet Airways Resolution Professional Ashish Chhawchharia.

published on : 29th July 2020

Vrihis Properties emerges as successful bidder for Jet Airways BKC premises

The Jet Airways RP had issued a public notice on June 13 for the sale or transfer of third and fourth floors of the company's building in "Jet Airways Godrej BKC".

published on : 27th June 2020

Cheating case: ED opposes closure of probe against Naresh Goyal

Despite knowing the financial crisis at Jet Airways, which was in position of no return, Naresh Goyal made false promises.

published on : 27th June 2020

Jet Airways offers two Boeing aircraft for evacuating Indians stranded overseas

The once-storied full-service carrier is undergoing insolvency process and its affairs are being managed by insolvency resolution professional Ashish Chhawchharia.

published on : 25th May 2020

Jet Airways' insolvency resolution professional seeks fresh EoI for defunct airline

This is the fourth time that EoI has been invited for Jet Airways, which was shuttered last year.

published on : 14th May 2020

Jet Airways shares jump over 4 per cent

The company's shares gained 4.42 per cent to Rs 21.25 on the BSE. On the NSE, it jumped 4.41 per cent to Rs 21.30.

published on : 13th May 2020

Jet Airways insolvency resolution professional seeks fresh EoI for defunct airline

This is the fourth time that EoI has been invited for Jet Airways, which was shuttered last year.

published on : 13th May 2020

India's air passenger traffic records 3-5 per cent negative growth in fiscal year 2020: ICRA

The agency, on Thursday said the de-growth was largely driven by higher airfares in the wake of large scale flight cancellations following shutting down of Jet Airways.

published on : 9th April 2020
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