Tuesday, 1 December 2020

Tag Archives: Jet Airways

Jet Airways resolution plan approved by creditors

MUMBAI: Creditors to India’s Jet Airways have approved a resolution plan which will give country’s oldest private carrier a new lease of life, the airline said in a regulatory filing. The resolution plan submitted by a consortium of London-based Kalrock Capital and UAE-based businessmen Murari Lal Jalan was approved on ...

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Pilots of India’s Jet Airways defer strike, seek salary dues

NEW DELHI: The pilots’ union of India’s troubled Jet Airways said on Sunday it will give the carrier’s new management two weeks to clear unpaid salaries, deferring its plan to take strike action. Jet has delayed payments to pilots, suppliers and lessors for months and defaulted on loans after racking ...

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India’s Jet grounds four planes after failing to pay lessors

MUMBAI: India’s Jet Airways has grounded four planes after failing to pay lessors, the airline said, in the latest evidence of financial distress at the debt-laden carrier. The airline – India’s second-largest by market share – is buckling under the weight of debts worth $1.1 billion and is urgently seeking ...

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