Jet Airways Emergency

Creditors may approach India's aviation ministry to seek approval to liquidate Jet's assets if a resolution does not emerge during a critical court hearing on Tuesday, said a senior banker.

Jet Airways India Ltd, the carrier undergoing a court-monitored process to emerge from bankruptcy, won't return to the skies this month as previously planned, according to people familiar with the matter.

Jet Airways temporarily suspended all its operations earlier this month after its lenders rejected a plea for emergency funds.

Jet Airways shares plunged for third day in a row to the lowest level in 10 years after it temporarily halted operations on Wednesday as it failed to secure emergency funding from the lenders.

Jet Airways had sought a Rs 400-crore emergency fund from its lenders to whom it already owes over Rs 8,500 crore

Jet Airways grounded all its planes on Wednesday after lenders rejected a plea for emergency funds

Jet Airways halted all flight operations indefinitely on Wednesday after its lenders rejected a plea for emergency funds, potentially bringing the curtains down on what was once India's largest private airline.

Jet Airways' group of lenders said on Thursday that they are "reasonably hopeful that the bid process is likely to be successful". The statement from the lenders, led by State Bank of India (SBI), came a day after the airline suspended all its flight operations indefinitely. Jet Airways - once India's largest private sector airline - took the decis...

Jet Airways, the cash-starved Indian carrier, has suspended all operations from Wednesday night after the State Bank of India-led consortium of lenders turned down its request for emergency funds. The airline, founded by Naresh Goyal, was under Rs 8,000 crore debt and was struggling to stay afloat. Until recently, the airline was the second largest...

Jet Airways, once India's top airline now hit by a debt-crisis, said on Wednesday that it was suspending operations temporarily, having failed to secure emergency funds from its lenders. The airline, saddled with more than Rs 8,000 crore of bank debt, has been teetering for weeks after failing to receive a stop-gap loan of about Rs 1,500 crore from...

Jet Airways crisis: Jet Airways had requested emergency funds worth Rs 400 crore from the State Bank of India-led consortium of lenders to stay afloat.

Banks remain reluctant to infuse an emergency funding of Rs 1500 crore into Jet Airways, which the teetering airline has sought to stay afloat as it faces a severe cash shortage.

The airline, which is operating only five planes, said its operations have been severely impacted due to critical liquidity position.

The National Aviators Guild represents about 1,100 pilots of Jet Airways. State Bank of India (SBI), the country's largest bank, will lead the consortium of lenders to provide Rs 1,500 crore in emergency funding and bail out the financially-strapped airline.

Jet Airways' pilots have threatened to stop flying from April 1 if the cash-strapped airline does not have a rescue plan in place by March 31, a trade union said on Tuesday. The airline's pilots union has also said that it seeks a proper roadmap from the airline by March 31 on paying their overdue salaries. "We have decided that either the manageme...

Creditors may approach India's aviation ministry to seek approval to liquidate Jet's assets if a resolution does not emerge during a critical court hearing on Tuesday, said a senior banker.

Jet Airways India Ltd, the carrier undergoing a court-monitored process to emerge from bankruptcy, won't return to the skies this month as previously planned, according to people familiar with the matter.

Jet Airways temporarily suspended all its operations earlier this month after its lenders rejected a plea for emergency funds.

Jet Airways shares plunged for third day in a row to the lowest level in 10 years after it temporarily halted operations on Wednesday as it failed to secure emergency funding from the lenders.

Jet Airways had sought a Rs 400-crore emergency fund from its lenders to whom it already owes over Rs 8,500 crore

Jet Airways grounded all its planes on Wednesday after lenders rejected a plea for emergency funds

Jet Airways halted all flight operations indefinitely on Wednesday after its lenders rejected a plea for emergency funds, potentially bringing the curtains down on what was once India's largest private airline.

Jet Airways' group of lenders said on Thursday that they are "reasonably hopeful that the bid process is likely to be successful". The statement from the lenders, led by State Bank of India (SBI), came a day after the airline suspended all its flight operations indefinitely. Jet Airways - once India's largest private sector airline - took the decis...

Jet Airways, the cash-starved Indian carrier, has suspended all operations from Wednesday night after the State Bank of India-led consortium of lenders turned down its request for emergency funds. The airline, founded by Naresh Goyal, was under Rs 8,000 crore debt and was struggling to stay afloat. Until recently, the airline was the second largest...

Jet Airways, once India's top airline now hit by a debt-crisis, said on Wednesday that it was suspending operations temporarily, having failed to secure emergency funds from its lenders. The airline, saddled with more than Rs 8,000 crore of bank debt, has been teetering for weeks after failing to receive a stop-gap loan of about Rs 1,500 crore from...

Jet Airways crisis: Jet Airways had requested emergency funds worth Rs 400 crore from the State Bank of India-led consortium of lenders to stay afloat.

Banks remain reluctant to infuse an emergency funding of Rs 1500 crore into Jet Airways, which the teetering airline has sought to stay afloat as it faces a severe cash shortage.

The airline, which is operating only five planes, said its operations have been severely impacted due to critical liquidity position.

The National Aviators Guild represents about 1,100 pilots of Jet Airways. State Bank of India (SBI), the country's largest bank, will lead the consortium of lenders to provide Rs 1,500 crore in emergency funding and bail out the financially-strapped airline.

Jet Airways' pilots have threatened to stop flying from April 1 if the cash-strapped airline does not have a rescue plan in place by March 31, a trade union said on Tuesday. The airline's pilots union has also said that it seeks a proper roadmap from the airline by March 31 on paying their overdue salaries. "We have decided that either the manageme...