Jet Airways faces imminent shutdown without emergency funds from lenders

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  • Jet Airways Sold For One Rupee | Indian Airline Jet Airways Sold 50 % Of It's Stake For One Rupee

    Jet Airways Sold For One Rupee | Indian Airline Jet Airways Sold 50 % Of It's Stake For One Rupee

    Jet Airways Sold For One Rupee | Indian Airline Jet Airways Sold 50 % Of It's Stake For One Rupee Top Telugu TV



    Debt-ravaged Jet Airways India, the country's biggest so-called full-service airline, is selling a majority stake for 1 rupee - a little more than 1 US cent. It's part of a bailout plan by its state-owned lenders that will give the airline time to arrange fresh equity. The complicated arrangement is on track to be voted through on February 21, in what would represent the rescue of one of the country's most visible companies at a sensitive time, with India's general election just weeks away.

    By Top Telugu TV| 1966 views

  • SBI is likely to discuss lenders strategy for Jet Airways with Arun Jaitley

    SBI is likely to discuss lenders strategy for Jet Airways with Arun Jaitley

    The Economic Times | A Times Internet Limited product

    SBI Chairman is likely to discuss lenders strategy for Jet Airways with Arun Jaitley, ET Now's Nayantara Rai learns from her sources. Listen in!

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    Watch SBI is likely to discuss lenders strategy for Jet Airways with Arun Jaitley With HD Quality

    By The Economic Times| 1447 views

  • Jet Airways' lenders eye substantial stake in airline

    Jet Airways' lenders eye substantial stake in airline

    Lenders of Jet Airways are likely to pick up a substantial stake in the debt-laden airline till a new promoter is roped in, sources said. The process of getting a new promoter on board is likely to take another two to three months and once that happens, the banks would offload their stakes, they added. The State Bank of India-led consortium of lenders is working on a resolution plan for the cash-strapped Jet Airways for the last five months. The full service carrier has a debt burden of more than Rs 8,200 crore and needs to make repayments worth up to Rs 1,700 crore by March end.

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    Watch Jet Airways' lenders eye substantial stake in airline With HD Quality

    By The Economic Times| 508 views

  • Jet Airways resolution- Lenders chalk out new plan for funding

    Jet Airways resolution- Lenders chalk out new plan for funding

    The lenders of Jet Airways have proposed a trust to take care of Naresh Goyal and Etihad Airways' stake in the company. Et Now's Uttkarsh Chaturvedi has exclusively accessed lenders' plan to rescue the company. Watch to know the significance of trust and how many haircuts the lenders will take.

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    Watch Jet Airways resolution- Lenders chalk out new plan for funding With HD Quality

    By The Economic Times| 548 views

  • Lenders to take Jet Airways to NCLT, revival hope gets bleaker

    Lenders to take Jet Airways to NCLT, revival hope gets bleaker

    An SBI-led consortium of banks is set to take Jet Airways to NCLT under the Insolvency and Bankruptcy Code as efforts to seek resolution outside of IBC didn't materialise. The statement from the lenders said: “A meeting of lenders was held today to consider the way forward in respect of Jet Airways. After due deliberations, Lenders have decided to seek resolution under IBC since only a conditional bid was received and requirement of the Investor for SEBI exemptions




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    Watch Lenders to take Jet Airways to NCLT, revival hope gets bleaker With HD Quality

    By The Economic Times| 305 views

  • Jet Airways lands in NCLT: Lenders' plea to be heard on June 19

    Jet Airways lands in NCLT: Lenders' plea to be heard on June 19

    Lenders led by State Bank of India have decided to take the grounded Jet Airways to bankruptcy courts after failing to stitch together a revival plan despite working on it for over five months. NCLT to hear the Jet case on June 19. Two operational creditors, Shaman Wheels Pvt Ltd and Gaggar Enterprises Pvt Ltd, have already filed two separate insolvency pleas against the airline in the Mumbai NCLT. The hearing on these petitions is likely on June 20. Meanwhile, lenders have also approached aviation ministry to protect Jet Airways' slots and routes.




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    Watch Jet Airways lands in NCLT: Lenders' plea to be heard on June 19 With HD Quality

    By The Economic Times| 183 views

  • Jet Airways lenders to meet today; decide on potential investors

    Jet Airways lenders to meet today; decide on potential investors

    This is the second meeting of Jet Airways’ CoC after the National Company Law Tribunal (NCLT) admitted the company under the Insolvency and Bankruptcy Code (IBC) last month.

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    Watch Jet Airways lenders to meet today; decide on potential investors With HD Quality

    By The Economic Times| 132 views

  • Jet Airways: Lenders may extend deadline to Jan 15 to accommodate more players

    Jet Airways: Lenders may extend deadline to Jan 15 to accommodate more players

    Jet Airways committee of creditors today voted on whether to extend deadline for expression of interest in the debt-ridden airline. Lenders may extend deadline to Jan 15 to accommodate more players. Here's ET Now's Rahul Kumar with the details, Listen in !

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    Watch Jet Airways: Lenders may extend deadline to Jan 15 to accommodate more players With HD Quality

    By The Economic Times| 278 views

  • Jet Airways to suspend operations from today amid lack of funds

    Jet Airways to suspend operations from today amid lack of funds

    Jet Airways is likely to suspend its operations today as lenders have rejected its request for additional funds, according to a report of ET Now. ET Now, quoting its sources, claimed that the lenders have rejected its appeal for emergency funds worth Rs 400 crore to stay afloat. As per the report, Jet's last flight will take to the skies at 10.30 PM today.




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    Watch Jet Airways to suspend operations from today amid lack of funds With HD Quality

    By The Economic Times| 375 views

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  • Jet Airways Sold For One Rupee | Indian Airline Jet Airways Sold 50 % Of It's Stake For One RupeeUp next

    Jet Airways Sold For One Rupee | Indian Airline Jet Airways Sold 50 % Of It's Stake For One Rupee

    Jet Airways Sold For One Rupee | Indian Airline Jet Airways Sold 50 % Of It's Stake For One Rupee Top Telugu TV



    Debt-ravaged Jet Airways India, the country's biggest so-called full-service airline, is selling a majority stake for 1 rupee - a little more than 1 US cent. It's part of a bailout plan by its state-owned lenders that will give the airline time to arrange fresh equity. The complicated arrangement is on track to be voted through on February 21, in what would represent the rescue of one of the country's most visible companies at a sensitive time, with India's general election just weeks away.

    By Top Telugu TV| 1966 views

  • SBI is likely to discuss lenders strategy for Jet Airways with Arun Jaitley

    SBI is likely to discuss lenders strategy for Jet Airways with Arun Jaitley

    The Economic Times | A Times Internet Limited product

    SBI Chairman is likely to discuss lenders strategy for Jet Airways with Arun Jaitley, ET Now's Nayantara Rai learns from her sources. Listen in!

    Subscribe to The Economic Times for latest video updates. It's free! - http://www.youtube.com/TheEconomicTimes?sub_confirmation=1

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    Watch SBI is likely to discuss lenders strategy for Jet Airways with Arun Jaitley With HD Quality

    By The Economic Times| 1447 views

  • Jet Airways' lenders eye substantial stake in airline

    Jet Airways' lenders eye substantial stake in airline

    Lenders of Jet Airways are likely to pick up a substantial stake in the debt-laden airline till a new promoter is roped in, sources said. The process of getting a new promoter on board is likely to take another two to three months and once that happens, the banks would offload their stakes, they added. The State Bank of India-led consortium of lenders is working on a resolution plan for the cash-strapped Jet Airways for the last five months. The full service carrier has a debt burden of more than Rs 8,200 crore and needs to make repayments worth up to Rs 1,700 crore by March end.

    Subscribe to The Economic Times for latest video updates. It's free! - http://www.youtube.com/TheEconomicTimes?sub_confirmation=1

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    Watch Jet Airways' lenders eye substantial stake in airline With HD Quality

    By The Economic Times| 508 views

  • Jet Airways resolution- Lenders chalk out new plan for funding

    Jet Airways resolution- Lenders chalk out new plan for funding

    The lenders of Jet Airways have proposed a trust to take care of Naresh Goyal and Etihad Airways' stake in the company. Et Now's Uttkarsh Chaturvedi has exclusively accessed lenders' plan to rescue the company. Watch to know the significance of trust and how many haircuts the lenders will take.

    Subscribe to The Economic Times for latest video updates. It's free! - http://www.youtube.com/TheEconomicTimes?sub_confirmation=1

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    Watch Jet Airways resolution- Lenders chalk out new plan for funding With HD Quality

    By The Economic Times| 548 views

  • Lenders to take Jet Airways to NCLT, revival hope gets bleaker

    Lenders to take Jet Airways to NCLT, revival hope gets bleaker

    An SBI-led consortium of banks is set to take Jet Airways to NCLT under the Insolvency and Bankruptcy Code as efforts to seek resolution outside of IBC didn't materialise. The statement from the lenders said: “A meeting of lenders was held today to consider the way forward in respect of Jet Airways. After due deliberations, Lenders have decided to seek resolution under IBC since only a conditional bid was received and requirement of the Investor for SEBI exemptions




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    Watch Lenders to take Jet Airways to NCLT, revival hope gets bleaker With HD Quality

    By The Economic Times| 305 views

  • Jet Airways lands in NCLT: Lenders' plea to be heard on June 19

    Jet Airways lands in NCLT: Lenders' plea to be heard on June 19

    Lenders led by State Bank of India have decided to take the grounded Jet Airways to bankruptcy courts after failing to stitch together a revival plan despite working on it for over five months. NCLT to hear the Jet case on June 19. Two operational creditors, Shaman Wheels Pvt Ltd and Gaggar Enterprises Pvt Ltd, have already filed two separate insolvency pleas against the airline in the Mumbai NCLT. The hearing on these petitions is likely on June 20. Meanwhile, lenders have also approached aviation ministry to protect Jet Airways' slots and routes.




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    Watch Jet Airways lands in NCLT: Lenders' plea to be heard on June 19 With HD Quality

    By The Economic Times| 183 views

  • Jet Airways lenders to meet today; decide on potential investors

    Jet Airways lenders to meet today; decide on potential investors

    This is the second meeting of Jet Airways’ CoC after the National Company Law Tribunal (NCLT) admitted the company under the Insolvency and Bankruptcy Code (IBC) last month.

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    Watch Jet Airways lenders to meet today; decide on potential investors With HD Quality

    By The Economic Times| 132 views

  • Jet Airways: Lenders may extend deadline to Jan 15 to accommodate more players

    Jet Airways: Lenders may extend deadline to Jan 15 to accommodate more players

    Jet Airways committee of creditors today voted on whether to extend deadline for expression of interest in the debt-ridden airline. Lenders may extend deadline to Jan 15 to accommodate more players. Here's ET Now's Rahul Kumar with the details, Listen in !

    ► Subscribe to The Economic Times for latest video updates. It's free! - http://www.youtube.com/TheEconomicTimes?sub_confirmation=1

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    Watch Jet Airways: Lenders may extend deadline to Jan 15 to accommodate more players With HD Quality

    By The Economic Times| 278 views

  • Jet Airways to suspend operations from today amid lack of funds

    Jet Airways to suspend operations from today amid lack of funds

    Jet Airways is likely to suspend its operations today as lenders have rejected its request for additional funds, according to a report of ET Now. ET Now, quoting its sources, claimed that the lenders have rejected its appeal for emergency funds worth Rs 400 crore to stay afloat. As per the report, Jet's last flight will take to the skies at 10.30 PM today.




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    Watch Jet Airways to suspend operations from today amid lack of funds With HD Quality

    By The Economic Times| 375 views

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    Press Conference by Union Minister of Jal Shakti Shri Gajendra Singh Shekhawat at BJP HQ.

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    Launch of Gujarat Election Campaign in Ahmedabad

    Launch of Gujarat Election Campaign in Ahmedabad.

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  • Address by Sh. Rajeev Gupta, Secretary, Youth Affairs at "International Yoga Seminar"

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    My interview with Jan Man India

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    Jummah की नमाज को लेकर Kashi में Police Alert, चप्पे- चप्पे पर Force तैनात

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  • Nitish Kumar की जगह Jitan Ram Manjhi को CM बनाएंगे BJP ! Mukesh Sahani | Bihar News | #dblive

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    आज आएगा UP का Budget, Budget पेश करने से पहले होगी Yogi Cabinet की Meeting | UP Budget 2024-25

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    आज आएगा UP का Budget, Budget पेश करने से पहले होगी Yogi Cabinet की Meeting | UP Budget 2024-25

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