Jet Etihad Deal
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Etihad, Three Others Bid For Jet Airways, Says SBI Caps As Deadline Ends: 10 Points
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...
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SBI Chairman Says Bankruptcy 'Last Option' For Jet Airways: Report
SBI chairman Rajnish Kumar said that talks with Abu Dhabi-based carrier Etihad, Jet's largest shareholder, to secure a rescue deal are ongoing.
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Need More Time To Finalise Rescue Deal: Jet Airways' Naresh Goyal To Pilots
Naresh Goyal also said that talks for the rescue deal with the airline's biggest shareholder, Etihad Airways, and lenders are ongoing.
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Jet Airways Poised To Get Rs 600-Crore Emergency Loan
Etihad, Naresh Goyal and SBI have been holding talks for weeks over a rescue deal for the carrier that hasn't seen a profit for nine of the past 11 years in the face of cutthroat competition.
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Jet Airways Accepts Etihad Bailout Plan: Report
Both the airlines are set to sign a memorandum of understanding (MoU) within days, which would result into stepping down of Jet Airways founder Chairman Naresh Goyal from the board of directors, the report said.
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Etihad Pushes For Cheaper Deal With Jet Airways, Asks For More Board Positions
Etihad has also sought top positions for its officials on Jet Airways board if it agrees to raise its stake.
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Hope Jet Airways, Etihad, Lenders Reach A "Common Plan", Says Government Official
Jet Airways, which has also defaulted on loan repayments, is looking to raise funds and is in discussions with Etihad and lenders to chart the way forward.
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Founder Naresh Goyal Major Obstacle In Jet Airways Rescue Deal: Report
Naresh Goyal's penchant for control has emerged as a major obstacle as Jet Airways tries to negotiate a rescue deal, people who know him told Reuters
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Carried 63% More Passengers In 2015: Etihad Airways-Jet
Etihad Airways, which has a 24 per cent stake in Jet Airways, on Wednesday said the alliance carried 63 per cent more passengers from the country in 2015 at 3.3 million.
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Etihad Says Not in Talks to Up Stake in Jet Airways
Abu Dhabi-based Etihad Airways denied a media report on Tuesday that it is in discussions with the Indian government to raise its 24 per cent stake in Jet Airways.
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Etihad Bought Jet Stakes Eyeing 40 Million Indian Travellers
It was in April 2012 that Abu Dhabi-based Etihad acquired 24 per cent stake in Jet Airways for close to Rs 2,000 crores.
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Jet-Etihad Deal Gets Singapore Fair Trade Regulator Clearance
Clearing last of its regulatory hurdles, Jet Airways' commercial alliance with Abu Dhabi-based Etihad including a Rs 2,060-crore stake sale has received approval from the Competition Commission of Singapore.
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Fresh Troubles For Jet-Etihad Deal; Singapore Begins Scrutiny
The deal which involves purchase of a 24 per cent stake in Naresh Goyal-led Jet for about Rs 2,060 crore by Etihad and other tie-ups, has been going through turbulent times ever since it was announced more than a year ago in April 2013.
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Jet Airways Reports Highest-Ever Quarterly Loss
Jet, which last year sold a 24 percent stake to Abu Dhabi's Etihad in the first deal in the sector after the government eased restrictions, reported on Tuesday a standalone net loss of Rs 2,154 crore for its fiscal fourth quarter to end-March.
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Jet Airways Staff to Meet COO Over Delayed Salaries on May 28: Report
Salary payments at the Naresh Goyal-run Jet Airways continue to be delayed despite the Rs 2,060 crore infusion by Etihad, and the issue would be raised at the meeting of the staff representatives and chief operating officer Hameed Ali this week, according to sources.
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Etihad, Three Others Bid For Jet Airways, Says SBI Caps As Deadline Ends: 10 Points
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...
-
SBI Chairman Says Bankruptcy 'Last Option' For Jet Airways: Report
SBI chairman Rajnish Kumar said that talks with Abu Dhabi-based carrier Etihad, Jet's largest shareholder, to secure a rescue deal are ongoing.
-
Need More Time To Finalise Rescue Deal: Jet Airways' Naresh Goyal To Pilots
Naresh Goyal also said that talks for the rescue deal with the airline's biggest shareholder, Etihad Airways, and lenders are ongoing.
-
Jet Airways Poised To Get Rs 600-Crore Emergency Loan
Etihad, Naresh Goyal and SBI have been holding talks for weeks over a rescue deal for the carrier that hasn't seen a profit for nine of the past 11 years in the face of cutthroat competition.
-
Jet Airways Accepts Etihad Bailout Plan: Report
Both the airlines are set to sign a memorandum of understanding (MoU) within days, which would result into stepping down of Jet Airways founder Chairman Naresh Goyal from the board of directors, the report said.
-
Etihad Pushes For Cheaper Deal With Jet Airways, Asks For More Board Positions
Etihad has also sought top positions for its officials on Jet Airways board if it agrees to raise its stake.
-
Hope Jet Airways, Etihad, Lenders Reach A "Common Plan", Says Government Official
Jet Airways, which has also defaulted on loan repayments, is looking to raise funds and is in discussions with Etihad and lenders to chart the way forward.
-
Founder Naresh Goyal Major Obstacle In Jet Airways Rescue Deal: Report
Naresh Goyal's penchant for control has emerged as a major obstacle as Jet Airways tries to negotiate a rescue deal, people who know him told Reuters
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Carried 63% More Passengers In 2015: Etihad Airways-Jet
Etihad Airways, which has a 24 per cent stake in Jet Airways, on Wednesday said the alliance carried 63 per cent more passengers from the country in 2015 at 3.3 million.
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Etihad Says Not in Talks to Up Stake in Jet Airways
Abu Dhabi-based Etihad Airways denied a media report on Tuesday that it is in discussions with the Indian government to raise its 24 per cent stake in Jet Airways.
-
Etihad Bought Jet Stakes Eyeing 40 Million Indian Travellers
It was in April 2012 that Abu Dhabi-based Etihad acquired 24 per cent stake in Jet Airways for close to Rs 2,000 crores.
-
Jet-Etihad Deal Gets Singapore Fair Trade Regulator Clearance
Clearing last of its regulatory hurdles, Jet Airways' commercial alliance with Abu Dhabi-based Etihad including a Rs 2,060-crore stake sale has received approval from the Competition Commission of Singapore.
-
Fresh Troubles For Jet-Etihad Deal; Singapore Begins Scrutiny
The deal which involves purchase of a 24 per cent stake in Naresh Goyal-led Jet for about Rs 2,060 crore by Etihad and other tie-ups, has been going through turbulent times ever since it was announced more than a year ago in April 2013.
-
Jet Airways Reports Highest-Ever Quarterly Loss
Jet, which last year sold a 24 percent stake to Abu Dhabi's Etihad in the first deal in the sector after the government eased restrictions, reported on Tuesday a standalone net loss of Rs 2,154 crore for its fiscal fourth quarter to end-March.
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Jet Airways Staff to Meet COO Over Delayed Salaries on May 28: Report
Salary payments at the Naresh Goyal-run Jet Airways continue to be delayed despite the Rs 2,060 crore infusion by Etihad, and the issue would be raised at the meeting of the staff representatives and chief operating officer Hameed Ali this week, according to sources.
