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Friday, May 3, 2024
TopicJet Airways

Topic: Jet Airways

Air India, Jet Airways among airlines forced to reroute flights after Pakistan closes airspace

Inbound and outbound flights from US and Europe for Delhi are being re-routed through Ahmedabad and Mumbai, tweeted Air India.

Foreign players are taking the place of Indian entrepreneurs biting the dust

Suzuki has half the car market, the Chinese have mobile phones, the Koreans consumer durables and Etihad may run Jet. Where would we be without foreign players?

This rescue of Jet Airways is touch-and-go

Shareholders will vote on banks picking up a majority stake – at a price of Rs 1 for 114 million shares, to avoid putting India’s oldest private airline into court-administered bankruptcy.

Ailing Jet Airways gets lifeline in debt swap deal with lenders

Jet Airways, which needs Rs 85 billion to help it get back on its feet, will be revamped, with banks becoming the biggest shareholders of the company. 

SBI could take 15% equity stake in Jet Airways

Burdened by debt, Jet Airways is looking to convert part of its loans to equity as it struggles to stay afloat in a highly competitive market

Jet Airways to seek investor Etihad’s approval to swap debt for shares

Jet Airways has been in talks with Etihad Airways for weeks to work out a revival plan but no common ground has been reached yet.

How Jet Airways is casting a shadow on Modi’s re-election bid

The fate of Jet Airways is now part of the opposition’s narrative that businesses are ailing, with the $2.6 trillion economy losing jobs on Modi’s watch.

India’s struggling Jet Airways flags bailout options

Lenders are said to seek 35 billion rupee infusion from owners

Etihad reaches deal for rescue of Jet Airways, reports say

Jet founder Naresh Goyal would cut holding and leave board.

Jet Air said to weigh a restart of bailout talks with Tata Group

Tata said in November that it held “ preliminary” talks with Jet Airways though no proposal was made.

On Camera

Stop targetting Galgotias University students. Focus on politicians instead

Going through their Instagrams and dissecting their ‘statements’ is not the astute political commentary you think it is—it is time for us to back off from targeting 20-year-olds.

High capacity usage, fresh borrowings & new orders — why FY25 could be a big year for pvt investment

Companies are borrowing more from banks and public. Economists say high capacity utilisation & growing new orders could set stage for renewed investment push by India Inc.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.