The Tata group may revive an attempt to buy Jet Airways (India) Ltd if lenders to the grounded airline fail to find a buyer and are forced to drag the carrier to a bankruptcy court, said two people familiar with the...
Jet Airways now faces risk of landing at NCLT
Jet AirwaysNSE -12.56 % is now slapped with a threat of the bankruptcy law. Last week, one of the service providers to the recently-grounded airline shot a notice under the Insolvency and Bankruptcy Code of 2016 –...
Lenders hopeful of successful bids for grounded Jet Airways
A day after Jet AirwaysNSE -31.46 % suspended all its flights after running out of money, lenders to the carrier Thursday said they were “reasonably hopeful” that bidding process for the airline will end...
GVK inks pact to sell 49% stake in airports business to ADIA & NIIF
Infrastructure conglomerate GVKNSE -2.65 % Power & Infrastructure said it signed an agreement to sell a 49% stake in its airports business to the Abu Dhabi Investment Authority (ADIA) and the National Investment...
Jet Airways’ next destination may be bankruptcy court
With operations halted, Jet Airways (India) Ltd has exposed itself to the possibility of service providers and workers dragging the beleaguered airline to bankruptcy tribunals over unpaid dues. A revival of the carrier...
Tatas raise stake in AirAsia India to 51%
Tata group has increased its stake in AirAsia India to about 51% and, along with its partner AirAsia Investments, infused Rs 500 crore into the budget airline to fund its international growth plans, two people aware of...
Naresh Goyal opts out from bidding for stake acquisition in Jet Airways
Jet Airways founder Naresh Goyal has decided not to bid for acquiring stake in the cash-strapped airline, sources said Tuesday. The full service carrier, which is currently operating less than 10 aircraft, is awaiting...
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. The SBI Caps’ legal team is working on...
Delhi HC seeks Bidvest’s reply on Mumbai airport stake sale to Adani
The Delhi high court on Thursday asked South African investor Bidvest Group Ltd to respond to an injunction filed by Mumbai-based conglomerate GVK to stop Bidvest from selling its stake in Mumbai International Airport...
Etihad submits EoI for crisis-hit Jet Airways, Naresh Goyal may follow suit
Abu Dhabi-based Etihad Airways has submitted an expression of interest (EoI) to buy a stake in Jet Airways within weeks of wanting to exit the venture completely. Etihad holds a 24 per cent stake in the Naresh Goyal...
Ending months of uncertainty, Etihad agrees to raise Jet stake
Etihad Airways has formally communicated its intent to raise its stake in Jet AirwaysNSE -0.75 %, ending months of uncertainty over its commitment to remain invested in one of the world’s fastest-growing aviation...
GVK, partners agree to settle Mumbai Airport stake issue
GVK NSE 0.09 % moved closer to resolving a dispute over plans by partners Airports Company South Africa (ACSA) and Bidvest Services to sell their stake in Mumbai International Airport (MIAL), a move that would help...
