Jet Etihad

The skies are eerily empty these days, presenting a new challenge for the world's embattled airlines as they work to safeguard thousands of grounded planes parked wingtip to wingtip on runways and in storage facilities.

Naresh Goyal, founder of the now-grounded Jet Airways, was today questioned by the Enforcement Directorate in connection with alleged foreign direct investment violations when Etihad Airways acquired stakes in Jet Privilege PrivateLimited in 2014

Etihad Airways, which already owns a minority stake in Jet, said it was not interested in reinvesting in the airline.

Etihad acquired a 24 per cent stake in Jet in 2013, at a time when Jet Airways needed significant financial support.

National Company Law Tribunal (NCLT) could hear insolvency petitions filed by the airline's operational creditors for recovery of dues on June 20.

Middle Eastern carrier Etihad, which owns an about 24 per cent stake in Jet Airways, had submitted a bid for the grounded airline last month, while family-run Hinduja Group was said to be considering putting in an offer.

Shares in Jet Airways closed 2.32 per cent lower at Rs 124.10 apiece on the Bombay Stock Exchange (BSE) on Friday

SBI Capital Markets, a subsidiary of State Bank of India, has received a solicited bid from Etihad Airways and three unsolicited bids for the now-grounded Jet Airways in an ongoing stake sale. The development comes as the deadline for submitting bids under the stake sale ended today at 6:00 pm. Jet Airways' lenders have taken a controlling stake in...

The fact that Mr Goyal could still enter the Jet Airways was clear on March 27 when State Bank of India (SBI) chairman Rajnish Kumar said the buyer could be anyone, a financial investor, an airline. There is no legal bar on anyone with a funding and revival plan in place. The option is open for anyone including Naresh Goyal and Etihad to bid for th...

Following the change in management, Mr Goyal owns 25.5 per cent, Etihad 12 per cent while the SBI-led management has 51 per cent.

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 is headed by Naresh Goyal, who currently holds 51 per cent stake. Abu Dhabi-based Etihad Airways has 24 per cent

SBI chairman Rajnish Kumar said that talks with Abu Dhabi-based carrier Etihad, Jet's largest shareholder, to secure a rescue deal are ongoing.

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...

Naresh Goyal also said that talks for the rescue deal with the airline's biggest shareholder, Etihad Airways, and lenders are ongoing.

The skies are eerily empty these days, presenting a new challenge for the world's embattled airlines as they work to safeguard thousands of grounded planes parked wingtip to wingtip on runways and in storage facilities.

Naresh Goyal, founder of the now-grounded Jet Airways, was today questioned by the Enforcement Directorate in connection with alleged foreign direct investment violations when Etihad Airways acquired stakes in Jet Privilege PrivateLimited in 2014

Etihad Airways, which already owns a minority stake in Jet, said it was not interested in reinvesting in the airline.

Etihad acquired a 24 per cent stake in Jet in 2013, at a time when Jet Airways needed significant financial support.

National Company Law Tribunal (NCLT) could hear insolvency petitions filed by the airline's operational creditors for recovery of dues on June 20.

Middle Eastern carrier Etihad, which owns an about 24 per cent stake in Jet Airways, had submitted a bid for the grounded airline last month, while family-run Hinduja Group was said to be considering putting in an offer.

Shares in Jet Airways closed 2.32 per cent lower at Rs 124.10 apiece on the Bombay Stock Exchange (BSE) on Friday

SBI Capital Markets, a subsidiary of State Bank of India, has received a solicited bid from Etihad Airways and three unsolicited bids for the now-grounded Jet Airways in an ongoing stake sale. The development comes as the deadline for submitting bids under the stake sale ended today at 6:00 pm. Jet Airways' lenders have taken a controlling stake in...

The fact that Mr Goyal could still enter the Jet Airways was clear on March 27 when State Bank of India (SBI) chairman Rajnish Kumar said the buyer could be anyone, a financial investor, an airline. There is no legal bar on anyone with a funding and revival plan in place. The option is open for anyone including Naresh Goyal and Etihad to bid for th...

Following the change in management, Mr Goyal owns 25.5 per cent, Etihad 12 per cent while the SBI-led management has 51 per cent.

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 is headed by Naresh Goyal, who currently holds 51 per cent stake. Abu Dhabi-based Etihad Airways has 24 per cent

SBI chairman Rajnish Kumar said that talks with Abu Dhabi-based carrier Etihad, Jet's largest shareholder, to secure a rescue deal are ongoing.

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...

Naresh Goyal also said that talks for the rescue deal with the airline's biggest shareholder, Etihad Airways, and lenders are ongoing.