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Jet crisis News

18 Apr 2019

Air India to offer 'special fares' for stranded Jet flyers

Air India will offer "special" fares to Jet Airways passengers stranded at international stations, informed sources told IANS on Thursday.

17 Apr 2019

After snub from banks, Jet Airways cancels all flights with immediate effect

The decision from the cash-stressed company comes shortly after banks refused to provide it with an emergency funding of Rs 400 crore.

15 Apr 2019

SBI Caps to shortlist bidders for Jet Airways soon

Even as the much-needed funding remains elusive for Jet Airways, merchant banker SBI Caps has started the process for sale of the financially troubled carrier for lenders.

15 Apr 2019

Jet lenders still undecided on funding; board to meet on Tuesday

Jet Airways chief executive Vinay Dube in an internal communication has said the lenders could not decide on the emergency funding.

18 Mar 2019

Jet Airways grounds 4 more planes for non-payment of lease rentals

Grappling with financial woes, the carrier has been looking at ways to raise fresh funds.

16 Nov 2018

No proposal made to Jet Airways for possible takeover: Tata Sons

The financial crunch in Jet has resulted in delayed payments to its vendors and salaries to a section of its over 16,000 employees.

16 Nov 2018

PMO nudging Tata group to bail out Jet Airways: Sources

Sources said that the PMO is trying to ensure that the uncertainty in the aviation market is reduced to a certain extent by asking the Tata group to explore buying the struggling airline.

Jet Airways financial woes

14 Aug 2018

Jet Airways woes: Goyal briefs aviation secy

Following its abrupt move to indefinitely defer June quarter earnings announcement on August 9, the aviation ministry had said it was keeping a watch on the developments at the beleaguered airline.

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