The ownership transfer of the airline under the insolvency resolution plan is facing hurdles over differences between the winning bidder and lenders
After the Insolvency resolution process in June 2021, Jalan-Kalrock Consortium (JKC) was declared the winning bidder for Jet Airways
The carrier is looking to rope in around 100 pilots for the wide-body Boeing 777 fleet and has approached various agencies that provide expat flight crew to airlines, the sources told PTI.
The latest rulings have come on two petitions filed by the consortium. One plea pertained to approval of transfer of ownership and the second one related to extension of time for the payment of dues to the creditors
Jet Airways: Some pilots and cabin crew have also left the airline. Besides, some senior-level executives have gone on Leave Without Pay (LWP), the sources said.
Six expressions of interest (EoIs) to purchase these aircraft were reportedly submitted to banks in August.
Amid the continuing uncertainty over the fate of Jet Airways, which shuttered operations in April 2019, the consortium on Tuesday wrote a letter to Chhawcharia
The once-storied airline shuttered operations in April 2019 and JKC's resolution plan was approved under the insolvency process by the National Company Law Tribunal (NCLT) in June last year. However, due to various issues,...
The consortium's resolution plan was approved by the National Company Law Tribunal (NCLT) in June last year but the airline, which also got its air operator...
The Jalan-Kalrock consortium has emerged as the winning bidder for the debt-ridden Jet Airways through the insolvency resolution process
The airline had reported a net loss of Rs 305.76 crore in the same period a year ago, according to a regulatory filing
The company’s overambitious expansion plans, much like Jet Airways’, have brought it to its knees
For airlines recovering from the Covid-19 blow, ticket pricing has emerged as a point of debate
A significant section of aircraft maintenance technicians of IndiGo and Go First have gone on sick leave in the last week to protest against their low salaries
Financial distress forced Jet Airways, which flew for more than two decades, to suspend operations on April 17, 2019, and a consortium of lenders, led by the...
Last Saturday, as more than 900 or 55 per cent of IndiGo flights were delayed owing to the mass sick leave of the airline's staff, two very crucial issues...
The airline, backed by ace stock market investor Rakesh Jhunjhunwala, is likely to start services by the end of this month
Moreover, the airline is also negotiating with airport operators to secure slots with "good" timings
Jet Airways has asked the DGCA to instruct SpiceJet to remove its livery from their aircraft as it misleads and also poses a safety hazard to aircraft...
As Jet Airways gets set to take to the skies again, its CEO, Sanjiv Kapoor, wants to build a people-focused and customer-friendly airline that is in tune with...
While hearing a batch of petitions against the NCLT order approving Jet Airways' resolution plan, a two-member bench of the National Company Law Appellate...
The full-service carrier had a standalone net loss of Rs 107.01 crore in the year-ago period, according to a regulatory filing.
Last week, Jet Airways' air operator certificate was revalidated by the aviation regulator DGCA, paving the way for the relaunch of the airline, which was...
The full-service carrier, which stopped flying more than three years ago, is being revived under the ownership of the Jalan Kalrock consortium and completed...
The airline in its old avatar was owned by Naresh Goyal and had operated its last flight on April 17, 2019. The Jalan-Kalrock Consortium is currently the...
