Jet Airways' lenders eye substantial stake in airline

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    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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    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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  • Jet Airways faces imminent shutdown without emergency funds from lenders

    Jet Airways faces imminent shutdown without emergency funds from lenders

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    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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    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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    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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Published on: Mar 23, 2019
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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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    Nitish Kumar की जगह Jitan Ram Manjhi को CM बनाएंगे BJP ! Mukesh Sahani | Bihar News | #dblive

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    BJP MLA Ganpat Gaikwad ने Eknath Shinde Shiv Sena Leader Mahesh Gaikwad को थाने के अंदर मारी गोलियां

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

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

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