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2 mins read
Jet Airways founder Naresh Goyal sent to 14-day judicial custody
A special PMLA court here on Thursday remanded Jet Airways founder Naresh Goyal in 14-day judicial …
PTI
1 min read
Naresh Goyal resigns from Jet Airways following emergency board meeting
The move comes following an ‘emergency board meeting’ on Monday. Its main lender State Bank of I…
3 mins read
The threat of bankruptcy forces Etihad and Naresh Goyal to call for truce
“Jet Airways, its principal shareholders, including Etihad Airways, and key financial stakeholde…
2 mins read
Etihad makes dramatic U-turn with intention to raise stake in ailing Jet Airways
As the deadline for bids to purchase a stake in Jet Airways has been extended till April 12th, th…
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Jet Airways’ desperate search for a new investor takes it to the US, Singapore and UAE
Under the airline’s resolution plan, a consortium of banks, led by SBI, will conver…
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Etihad reportedly just made an offer to sell its entire stake in Jet to the struggling airline’s largest creditor
Not only does the UAE-based carrier want to sell its 24% stake in the airline and its 50.1% st…
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Etihad finally caves in creditor and promoter demands to invest in Jet
Whatever the eventual amount, the investment from Etihad, which is pending the approval o…
2 mins read
Jet’s chairman finally agrees to step down, paving way for bank-led bailout
Naresh Goyal, the chairman of Jet Airways, has finally agreed to relinquish his stewardship of the …
2 mins read
Jet Airways’ revival delayed by Etihad’s hard bargain
The move will effectively push Naresh Goyal out of the driver’s seat by halving his 51% hold…
3 mins read
Lenders’ plan to keep Jet Airways' afloat may put Etihad in the cockpit
On one hand, it involves a $450 million capital infusion by cash-poor Jet Airways and its part…
3 mins read
Jet Airways misses a loan repayment and gets downgraded again, further compromising owner Naresh Goyal’s plans to retain control of the airline
In a stock exchange filing on the last day of 2018, Jet Airways announced that it had defaul…
2 mins read
The owner of Jet Airways is reportedly trying to secure a rescue deal with partner Etihad to avoid losing control of his struggling airline
The deal, currently in negotiations, could see Goyal and his family reduce their stake in the a…
3 mins read
Indian conglomerate Tata is in talks to buy out troubled carrier Jet Airways in a deal that could create one of the country's largest airlines
The second part of the deal, however, is where it gets tricky for Jet Airways. Goyal is…
2 mins read
Naresh Goyal questioned all night by ED after fresh charges of money laundering
The Enforcement Directorate (ED) filed a fresh case to probe the allegations of money laundering ag…
2 mins read
It’s official-- Jet Airways is bankrupt, declares a Indian court on the same day the share price jumped 93%
The bankruptcy proceedings of Jet Airways have started as National Company Law Tribunal (NCLT) admi…
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One of the richest Indian families has its eye on Jet Airways
It seems that Jet’s creditors are counting on a last-minute bid to prevent the airline from going…
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A former Jet Airways insider says Naresh Goyal cannot run the airline
India’s oldest private airline, Jet Airways, is on the brink of a collapse, and there is a bitter…
1 min read
Jet Airways posts first annual profit after 8 years
For the year, its net profit was a record 12.12 billion rupees ($181 million) compared with a loss …