JET AIRWAYS NEWS

Indian aviation in 2024 faced severe turbulence, from a surge in hoax bomb threats disrupting flights to soaring airfares and infrastructure woes. Passengers endured tarmac ordeals, including a distressing incident in Mumbai, while a Microsoft outag...

Jet Airways is officially entering liquidation after a five-and-a-half-year struggle to resolve its ?7,800 crore debt. The Supreme Court overturned the NCLAT's approval of a takeover bid, leading the NCLT to appoint Satish Kumar Gupta as liquidator....

Jet Airways Liquidation: The Supreme Court has ordered the liquidation of Jet Airways, rejecting a takeover bid by Kalrock Capital and Murari Lal Jalan. The court found the NCLAT's approval of the bid disregarded a previous Supreme Court ruling and ...

SpiceJet, once a leading airline, is grappling with severe financial distress. Grounded aircraft, unpaid dues, and a dwindling market share have exacerbated its troubles. Promoter Ajay Singh is attempting to raise funds through various means to revi...

IndiGo, India’s largest airline, plans to introduce a premium class called "IndiGo Stretch" by November, featuring 12 business class seats on 45 Airbus A321neos and enhanced amenities like extra legroom, wider seats, and priority services. This move...

Airport charges have also started to climb upwards, and the airline is monitoring it as well as having discussions with airport partners. Further, maintenance works are going through a bit of an inflationary cycle, he said during an analyst's call.

The Middle East carrier is looking at ordering about 200 jets, looking at a mix of Airbus A350s and Boeing 777X models, with a decision possible as soon as the Farnborough Air Show in Britain late next month, the report said. Airbus said it is const...

Anita Goyal, wife of Jet Airways founder Naresh Goyal, passed away after battling cancer. Vijay Mallya expressed condolences, acknowledging her role in Jet Airways amidst ongoing investigations into the airline's financial dealings. Naresh Goyal's l...

The Bombay High Court granted Jet Airways' founder Naresh Goyal two months' interim bail in a money laundering probe, citing medical grounds due to his and his wife Anita Goyal's cancer conditions. The Enforcement Directorate opposed, suggesting hos...

The Supreme Court issued notices to Jet Airways and the Jalan Kalrock Consortium after a consortium led by State Bank of India challenged the NCLAT's March ruling affirming the transfer of bankrupt Jet Airways to JKC. Almost a year ago, the SC permi...

The NCLAT has directed the monitoring committee of Jet Airways to complete the transfer of the airline's ownership to Jalan Kalrock Consortium (JKC) within 90 days. The tribunal also directed JKC to obtain an air operator's certificate within the sa...

The Supreme Court has directed the Jalan-Kalrock consortium to deposit Rs 150 crore with the State Bank of India escrow account by January 31, 2024, or face non-compliance with the resolution plan for Jet Airways takeover. The PBG will continue unti...

The court directed his lawyers to take appropriate steps concerning his health. In his bail plea filed last month, Goyal cited multiple medical ailments like heart condition, prostate and orthopaedic issues and claimed there were reasonable grounds ...

The National Company Law Appellate Tribunal (NCLAT) will decide the status of Jet Airways bidder Jalan Kalrock Consortium after the Supreme Court addresses pending petitions. JKC faces challenges in various forums questioning its right to operationa...

The State Bank of India-led consortium of lenders has filed an application with the Supreme Court, seeking the winding up of debt-laden Jet Airways and initiation of the liquidation process. The consortium alleges that the Jalan-Kalrock consortium, ...

The Jalan Kalrock Consortium has deposited Rs 100 crore in Jet Airways, bringing their total investment in the grounded carrier to Rs 350 crore. The new promoters are determined to revive the airline and have set a target to resume operations by 202...

Low-cost airline SpiceJet and its Chairman and Managing Director (CMD) Ajay Singh before the Delhi High Court have challenged a single-judge order upholding, in favour of Sun Group Chairman Kalanithi Maran and Kal Airways, an arbitral award passed b...

The committee of creditors (CoC) of bankrupt airline Jet Airways on Monday agreed to give an extension to the payment deadline to the Jalan Kalrock Consortium till September 30, but differed on the mode.

The NCLAT has asked the Jalan Kalrock Consortium to file an application stating the conditions for seeking an extension to make payments to Committee of Creditors of bankrupt airline Jet Airways. The application filed by the State Bank of India, the...