Jet Airways’ Grounding Finally Accepted By Banks

With the insolvency tribunal taking Jet Airways India Ltd. under its wing on Thursday, there may be one more abortive attempt to sell it whole.

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Jet Airways’ Lenders Face New Challenge

The Netherlands court had declared BSE-listed Jet Airways bankrupt on an application made by two transport services providers.

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Jet Airways Heads Towards Bankruptcy Court, Employees Forced To Map Their Own Path

Several Jet Airways employees have managed to secure new jobs but many are still on the hunt.

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AdiGroup Shows Interest In Jet Airways, But Will Wait Only For 48 Hours

Industry insiders doubt whether bankers will be able to revive the airline or not, especially after other reports surfaced that Jet’s vendors approached the National Company Law Tribunal (NCLT).

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Uber To Test Flying Taxi Service In Melbourne

The electric, on-demand air taxis can be ordered by customers through smartphone apps.

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Jet Airway’s Former Partners, Rivals Struggle To Fill Lucrative Capacity Gap Left By Collapsed Airlines

Jet, which halted operations on April 17 after running out of cash, had a market share of around 12 percent on international flights to and from India in 2018, according to government statistics, outstripping even Air India.

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SpiceJet Q4 Net Profit Slumps To 22% Despite Grounding Of Boeing MAX Aircraft

The airline currently has over 92 aircraft in its fleet consisting mostly of Boeing 737s.

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Lenders To Jet Airways Set 2- Week Deadline For Reviving

Under foreign direct investment regulations, a foreign airline can hold a maximum stake of 49% in an Indian airline, with majority control resting with an Indian partner.

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Indian Domestic Air Traffic Fell In April For First Time In 6 Years

Local traffic in March 2019 increased a tad to 11.60 million from 11.58 million in the same month the previous year.

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Jet Airways, Etihad Lenders Approach Hinduja Group Offering Stake In Jet

Jet is currently 51% owned by Naresh Goyal. Etihad owns 24% and the rest is with the public.

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