JET AIRWAYS NEWS
Qatar Airways closes in on major Boeing, Airbus widebody order, Bloomberg News reports The Middle East carrier is looking at ordering about 200 jets, looking at a mix of Airbus A350s and Boeing 777X models, with a decision possible as soon as the Farnborough Air Show in Britain late next month, the report said. Airbus said it is const...
03 Jun, 2024, 07.06 AM ISTVijay Mallya condolles 'fordimable competitor' Anita Goyal's death, remembers Jet Airways founder's wife as a 'lovely human being' Anita Goyal, wife of Jet Airways founder Naresh Goyal, passed away after battling cancer. Vijay Mallya expressed condolences, acknowledging her role in Jet Airways amidst ongoing investigations into the airline's financial dealings. Naresh Goyal's l...
17 May, 2024, 01.31 PM ISTJet Airways founder Naresh Goyal granted 2 months' interim bail in money laundering case The Bombay High Court granted Jet Airways' founder Naresh Goyal two months' interim bail in a money laundering probe, citing medical grounds due to his and his wife Anita Goyal's cancer conditions. The Enforcement Directorate opposed, suggesting hos...
06 May, 2024, 02.51 PM IST
Go First planes need engines, spare parts; lessors to take longer to fly them out of India Industry experts anticipate that it will take longer for lessors to remove Go First's 54 deregistered planes from the country due to engine and spare parts requirements. The majority of these planes, stopped in May 2023, need maintenance and approva...
02 May, 2024, 04.16 PM ISTDelhi HC allows lessors' plea seeking deregistration of all 54 Go First aircraft, restrains carrier from flying them The Delhi High Court grants lessors' request to deregister Go First's 54 aircraft, restricting the airline from operating them and ordering the DGCA to aid in their export and provide certificate of airworthiness. The Resolution Professional prohibi...
26 Apr, 2024, 05.10 PM ISTSC issues notice to JKC and Jet Airways on SBI-led consortium's petition challenging NCLAT's March order The Supreme Court issued notices to Jet Airways and the Jalan Kalrock Consortium after a consortium led by State Bank of India challenged the NCLAT's March ruling affirming the transfer of bankrupt Jet Airways to JKC. Almost a year ago, the SC permi...
22 Apr, 2024, 05.24 PM ISTNCLAT upholds Jet Airways' ownership transfer to Jalan Kalrock Consortium The NCLAT has directed the monitoring committee of Jet Airways to complete the transfer of the airline's ownership to Jalan Kalrock Consortium (JKC) within 90 days. The tribunal also directed JKC to obtain an air operator's certificate within the sa...
12 Mar, 2024, 02.52 PM ISTJet Airways resolution: SC asks Jalan Kalrock Consortium to deposit Rs 150 cr before Jan 31 The Supreme Court has directed the Jalan-Kalrock consortium to deposit Rs 150 crore with the State Bank of India escrow account by January 31, 2024, or face non-compliance with the resolution plan for Jet Airways takeover. The PBG will continue unti...
18 Jan, 2024, 05.41 PM ISTLost every hope of life, better to die in jail: Jet Airways founder Naresh Goyal to court with folded hands The court directed his lawyers to take appropriate steps concerning his health. In his bail plea filed last month, Goyal cited multiple medical ailments like heart condition, prostate and orthopaedic issues and claimed there were reasonable grounds ...
07 Jan, 2024, 08.26 AM ISTNCLAT to wait for the outcome of SC petitions to decide on Jet Airways’ bidder JKC case The National Company Law Appellate Tribunal (NCLAT) will decide the status of Jet Airways bidder Jalan Kalrock Consortium after the Supreme Court addresses pending petitions. JKC faces challenges in various forums questioning its right to operationa...
19 Dec, 2023, 11.26 PM ISTHC dismisses Jet Airways founder Naresh Goyal's plea against 'illegal' arrest by ED The Bombay High Court dismissed Jet Airways founder Naresh Goyal's petition challenging his arrest by the Enforcement Directorate in a money laundering case linked to bank loan default. The court deemed the petition inadmissible and suggested pursui...
08 Nov, 2023, 10.34 AM ISTJet Airways’ lenders move SC against Jalan-Kalrock The State Bank of India-led consortium of lenders has filed an application with the Supreme Court, seeking the winding up of debt-laden Jet Airways and initiation of the liquidation process. The consortium alleges that the Jalan-Kalrock consortium, ...
10 Oct, 2023, 06.06 AM ISTJKC completes infusion of Rs 350 cr in Jet Airways, says airline will start ops in 2024 The Jalan Kalrock Consortium has deposited Rs 100 crore in Jet Airways, bringing their total investment in the grounded carrier to Rs 350 crore. The new promoters are determined to revive the airline and have set a target to resume operations by 202...
29 Sep, 2023, 02.57 PM ISTJet Airways shares hit 5% upper circuit. Here's why "JKC, the new proposed promoters of Jet Airways, today completed an additional infusion of Rs 100 crore, reaffirming its unwavering commitment to a successful resurgence of Jet Airways. With this infusion, JKC has now fulfilled its total financial c...
29 Sep, 2023, 12.45 PM ISTSpecial PMLA court remands Jet Airways' founder Naresh Goyal to ED’s custody until September 11 The Enforcement Directorate on Saturday was granted custody of erstwhile promoter of Jet Airways Naresh Goyal till September 11. He was taken into custody on Friday under the Prevention of Money Laundering Act (PMLA), which was registered by the CBI...
02 Sep, 2023, 05.41 PM ISTKalanithi Maran Vs SpiceJet: Airline director challenges before Delhi HC single-judge order upholding arbitral award Low-cost airline SpiceJet and its Chairman and Managing Director (CMD) Ajay Singh before the Delhi High Court have challenged a single-judge order upholding, in favour of Sun Group Chairman Kalanithi Maran and Kal Airways, an arbitral award passed b...
23 Aug, 2023, 01.56 PM ISTJet Airways’ lenders agree to give Jalan Kalrock Consortium extension till Sep 30 to make payments The committee of creditors (CoC) of bankrupt airline Jet Airways on Monday agreed to give an extension to the payment deadline to the Jalan Kalrock Consortium till September 30, but differed on the mode.
21 Aug, 2023, 02.51 PM ISTJalan Kalrock Consortium seeks more time to pay Rs 350 cr to Jet Airways’ lenders The NCLAT has asked the Jalan Kalrock Consortium to file an application stating the conditions for seeking an extension to make payments to Committee of Creditors of bankrupt airline Jet Airways. The application filed by the State Bank of India, the...
18 Aug, 2023, 01.39 PM ISTJet Airways' CoC asks Jalan Kalrock Consortium to pay Rs 350 crore Bankrupt airline Jet Airways's CoC has asked the Jalan Kalrock Consortium to pay Rs 350 crore. The CoC said that they may not pursue the appeal for transfer of ownership if the said amount is paid
07 Aug, 2023, 05.15 PM ISTAkasa Air to add 800 staff, operate internationally India's newest airline, Akasa Air, plans to hire up to 800 new workers by the end of the fiscal year in preparation for starting international services. The low-cost carrier, which began operating in 2022, will keep the single-class configuration fo...
13 Jul, 2023, 11.25 PM IST