Jet Airways Pilots Grounded

Korean Air will hold a two-day "road show" in Delhi on Friday and Saturday to hire pilots from the grounded Jet Airways which has seen an exodus of staff in the wake of suspension of operations.

Jet Airways said on Tuesday that its deputy chief executive and chief financial officer Amit Agarwal has resigned. The now-grounded airline said that Mr Agarwal stepped down due to personal reasons. Shares in Jet Airways declined more than 12 per cent during Tuesday's session. Mr Agarwal's resignation comes at a time the airline is struggling with ...

Jet Airways founder Naresh Goyal said the carrier had received its first aircraft in Mumbai on April 18, 1993.

Jet Airways' chief people officer, Rahul Taneja, told the airline's employees on Tuesday that the company is not able to fund the premium towards its group mediclaim policy. In a note to the cash-starved airline's staff, Mr Taneja said that the employees' mediclaim policy will lapse on the midnight of May 1. The communication from the Jet Airways t...

Jet Airways crisis: The decision by Jet Airways late on Wednesday, to indefinitely suspended its domestic as well as international operations, came after the ailing airline failed to secure a bailout from lenders.

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 is staring at closure with nearly 90 per cent of its fleet on the ground

The Mumbai-based airline with more than $1.2 billion of bank debt,is fighting for survival as it also owes money to lessors, suppliers, pilots and oil companies.

Jet Airways has cancelled all international flights till Friday morning due to scarcity of funds. Flights to Amsterdam, Paris and London have been cancelled for two days. Jet Airways informed the exchanges late on Thursday that it has grounded 10 additional aircraft. "Jet Airways had proactively cancelled all west-bound long haul flights from India...

Less than 15 aircraft of Jet Airways are currently operational, a government official said on Wednesday. Civil Aviation Secretary Pradeep Singh Kharola said Jet Airways' current fleet is 28 planes, including 15 aircraft in domestic operations. The statement from the government official comes a day after the airline said it had grounded an additiona...

Lessors have grounded more than three dozen Jet Airways planes, forcing hundreds of its flights to be cancelled.

Jet Airways founder-chairman Naresh Goyal and his wife, Anita, resigned from the airline's board of directors today while state-run lenders announced a Rs 1,500 crore bailout plan. The two took the step at a time when a majority of its fleet has been grounded amid non-payment of dues to banks, suppliers, pilots and lessors. The total debt of the tr...

Jet Airways founder Naresh Goyal and his wife Anita Goyal on Monday resigned from the board of the airline they founded 25 years ago, clearing the way for an immediate bailout of Rs 1,500 crore by lenders. Naresh Goyal's exit was a condition set by bankers for the rescue of the cash-strapped airline that has been struggling with grounded fleet and ...

We try to forget the stress we are under when we enter the cockpit to fly, but we are only human beings- That is the message of senior Jet Airways commanders who haven't been paid in nearly four months at a time when the airline, one of the biggest aviation brands in India, appears to be descending into a free-fall given its dire financial state.

The apparent jostle of pilots to get out of Jet Airways comes as the airline's lessors offered 50 of its Boeing aircraft to SpiceJet.

Korean Air will hold a two-day "road show" in Delhi on Friday and Saturday to hire pilots from the grounded Jet Airways which has seen an exodus of staff in the wake of suspension of operations.

Jet Airways said on Tuesday that its deputy chief executive and chief financial officer Amit Agarwal has resigned. The now-grounded airline said that Mr Agarwal stepped down due to personal reasons. Shares in Jet Airways declined more than 12 per cent during Tuesday's session. Mr Agarwal's resignation comes at a time the airline is struggling with ...

Jet Airways founder Naresh Goyal said the carrier had received its first aircraft in Mumbai on April 18, 1993.

Jet Airways' chief people officer, Rahul Taneja, told the airline's employees on Tuesday that the company is not able to fund the premium towards its group mediclaim policy. In a note to the cash-starved airline's staff, Mr Taneja said that the employees' mediclaim policy will lapse on the midnight of May 1. The communication from the Jet Airways t...

Jet Airways crisis: The decision by Jet Airways late on Wednesday, to indefinitely suspended its domestic as well as international operations, came after the ailing airline failed to secure a bailout from lenders.

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 is staring at closure with nearly 90 per cent of its fleet on the ground

The Mumbai-based airline with more than $1.2 billion of bank debt,is fighting for survival as it also owes money to lessors, suppliers, pilots and oil companies.

Jet Airways has cancelled all international flights till Friday morning due to scarcity of funds. Flights to Amsterdam, Paris and London have been cancelled for two days. Jet Airways informed the exchanges late on Thursday that it has grounded 10 additional aircraft. "Jet Airways had proactively cancelled all west-bound long haul flights from India...

Less than 15 aircraft of Jet Airways are currently operational, a government official said on Wednesday. Civil Aviation Secretary Pradeep Singh Kharola said Jet Airways' current fleet is 28 planes, including 15 aircraft in domestic operations. The statement from the government official comes a day after the airline said it had grounded an additiona...

Lessors have grounded more than three dozen Jet Airways planes, forcing hundreds of its flights to be cancelled.

Jet Airways founder-chairman Naresh Goyal and his wife, Anita, resigned from the airline's board of directors today while state-run lenders announced a Rs 1,500 crore bailout plan. The two took the step at a time when a majority of its fleet has been grounded amid non-payment of dues to banks, suppliers, pilots and lessors. The total debt of the tr...

Jet Airways founder Naresh Goyal and his wife Anita Goyal on Monday resigned from the board of the airline they founded 25 years ago, clearing the way for an immediate bailout of Rs 1,500 crore by lenders. Naresh Goyal's exit was a condition set by bankers for the rescue of the cash-strapped airline that has been struggling with grounded fleet and ...

We try to forget the stress we are under when we enter the cockpit to fly, but we are only human beings- That is the message of senior Jet Airways commanders who haven't been paid in nearly four months at a time when the airline, one of the biggest aviation brands in India, appears to be descending into a free-fall given its dire financial state.

The apparent jostle of pilots to get out of Jet Airways comes as the airline's lessors offered 50 of its Boeing aircraft to SpiceJet.