Jet Airways’ lenders, led by State Bank of India, gave up on efforts to revive the airline that has been grounded for two months.
The lenders have started bankruptcy proceedings.
Vistara inks code share agreement with United Airlines
Vistara, a joint venture between Tata Sons and Singapore Airlines, on Tuesday said that it has entered into a code share agreement with United Airlines which will allow passengers of both carriers to earn and redeem...
SBI-led consortium picks Grant Thornton as RP for Jet Airways
Lenders to Jet Airways (India) Ltd have named Ashish Chhawchharia of Grant Thornton India as the resolution professional (RP) for the airline’s bankruptcy proceedings, three people aware of the matter said. Law firm...
Lenders file for Jet Airways’ bankruptcy; hearing from Wednesday
The consortium of 26 bankers led by State Bank Tuesday took the grounded Jet Airways to the National Company Law Tribunal to recover their dues of over Rs 8,500 crore. The tribunal will hear the matter Wednesday. Jet...
SBI-led consortium to take Jet Airways to NCLT, seek resolution under IBC
Lenders led by State Bank of India have decided to take the grounded Jet AirwaysNSE -9.94 % to bankruptcy courts after failing to stitch together a revival plan despite working on it for over five months. The petition...
Decision on Jet Airways’ course likely today
The fate of Jet Airways, grounded since April 17, may be decided on Monday with lenders meeting to finalise how a resolution will be possible under the June 7 Reserve Bank of India (RBI) mandate on stressed assets...
NCLT adjourns hearing on Jet Airways to June 20
The National Company Law Tribunal (NCLT) Thursday adjourned the hearing on Jet AirwaysNSE -11.21 % insolvency case to June 20. By asking the two operational creditors–Shaman Wheels and Gaggar Enterprises–who...
Operational creditors move NCLT seeking bankruptcy proceedings against Jet
In a major setback to the lenders’ revival/sale plan of the grounded Jet Airways, two operational creditors–Shaman Wheels and Gaggar Enterprises– Monday moved the NCLT seeking bankruptcy proceedings...
Quebec will not invest in Bombardier’s regional jet program: economy minister
Quebec’s economy minister said on Monday his government has ruled out investing in Bombardier Inc’s weak-selling regional jet program, which could be sold to Japan’s Mitsubishi Heavy Industries Ltd. Economy Minister...
Two operational creditors take Jet to NCLT, hearing on June 13
In a major setback to the lenders’ revival/sale plan of the grounded Jet Airways, two operational creditors–Shaman Wheels and Gaggar Enterprises – Monday moved the NCLT seeking bankruptcy proceedings...
Two Jet suppliers seek to land airline in bankruptcy court
The Mumbai bench of the bankruptcy court is scheduled to hear on Monday insolvency petitions filed against Jet Airways by two of its suppliers, a development that could hurt the efforts of banks to cobble together a...
Govt plans to liberalise terms of Air India sale to attract buyers
The government is planning to liberalise the terms and conditions for the sale of state-owned carrier Air India. The changes would allow a potential buyer to go for a stake sale of the airline immediately after...
