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Crisis-hit Jet Airways defaults on foreign loan repayment; Etihad Airways likely to infuse around Rs 1,600-1,900 crore

Firstpost Tuesday, 12 March 2019
Jet Airways, which has been in service for 25 years, has been grappling with acute financial woes that have forced it to ground around 50 planes
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Credit: Wochit News - Published < > Embed
News video: India Latest To Ban Boeing 737 MAX

India Latest To Ban Boeing 737 MAX 00:51

FILE PHOTO: A Jet Airways Boeing 737-800 passenger plane moves on the runway as a man walks past at an airport in New Delhi, India, August 27, 2018. REUTERS/Adnan Abidi (Reuters) - India is grounding U.S. planemaker Boeing Co’s (BA.N) 737 MAX aircraft immediately, the ministry of civil aviation...

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Recent related news from verified sources

Jet Airways revival: Etihad Airways bids for minority stake in beleaguered airline; SBI-led lenders' consortium, NIIF to get hit

Etihad Airways' decision to bid for Jet Airways could possibly be a way to preserve the bilateral it was given, as well as to protect its India feed.
Firstpost

Jet Airways revival: Lenders plan to approach unsolicited bidders after Etihad Airways' non-binding offer

The fund offer from Etihad Airways is not sufficient to overcome the liquidity crunch in Jet Airways as its total liabilities are reportedly about Rs 15,000...
Firstpost Also reported by •Reuters IndiaMid-Day

Will create transparent SOP to allocate Jet Airways' foreign flying rights says Civil Aviation secretary PS Kharola

With each of the Indian airlines vying for the maximum share of the Jet Airways' foreign flying rights, Civil Aviation Secretary P S Kharola said Friday the...
Firstpost

Jet Airways CFO Amit Agarwal resigns due to 'personal reasons'

Jet Airways is running into a debt of more than Rs 8,500 crore and the airlines has shut down operations temporarily after lenders decided not to extend...
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Hinduja Group eyes opportunity with Jet Airways

Hinduja group confirms media reports that it was eyeing a stake in Jet Airways. But will Hinduja Group spend more than Darwin Group's Rs 14,000 crores for Jet...
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