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Jet Airways

Shaman and Gaggar drag Jet Airways to NCLT

Shaman wheels and Gaggar Enterprises drag Jet Airways to NCLT

It seems like there is no resurrection for debt-laden Jet Airways in the near future. The airline is going down the hill day by day with troubles not leaving their...
Jet Airways asked to open the closet. Lenders ask auditors to make Audit report public

Jet Airways asked to open the closet. Lenders ask auditors to make Audit report public

Ernst & Young (E&Y) was asked by the lenders’ consortium to carry out a forensic audit of Jet Airways books in April 2019. The audit report was not made public...
Jet Airways plummets 8 percent as Etihad and Hinduja fails to arrive at consensus

Jet Airways plummets 8 percent as Etihad and Hinduja fails to arrive at consensus

The stock of the debt-ridden airline, Jet Airways plunged 8% on reports of a failed deal between Etihad & Hinduja group. On May 24, 2019, Jet Airways hit an intraday...
Etihad set to meet Hinduja's to revive Jet

Etihad set to meet Hindujas to revive Jet

The Hinduja Group has obtained the approvals of key stakeholders of Jet Airways to invest in the debt-ridden airways. However, there is no confirmation on the deal yet. The debt-laden...
Etihad's investment in Jet Privilege under ED radar

Etihad's investment in Jet Privilege under ED radar

The finance ministry’s Enforcement Directorate (ED) has started an inquisition in Etihad's investment in Jet Privilege Pvt. Ltd (JPPL). JPPL conducts Jet Airways' frequent flyer program. The debt-laden Jet Airways...
Debt-laden Jet Airways resolution plan in motion

Debt-laden Jet Airways resolution plan in motion

The board of debt-laden Jet Airways met on 25th March 2019 to decide on the ways to obtain interim funding for the company and also to get an outlook for...