Business Standard Jet Airways

Jet airways ltd is an indian international airline based in mumbai india which is currently grounded from operations since 17 april 2019.

Business standard jet airways. While jet has admitted claims of over rs 15 000 crore the resolution plan consists of rs 866 crore in upfront and deferred payment to creditors. Read more about kalrock to pilot jet airways take off with rs 1 000 crore investment on business standard. Read more about jet airways plans to resume as full service airline in summer of 21 on business standard.

From the third quarter of 2010 onward jet airways was the largest commercial passenger airline in india with a passenger market share of 22 6. Ttml the top gainer among the list has zoomed 192 per cent to rs 8 62 from rs 2 95 on the bse. Read more about tata teleservices jet airways videocon ind gain over 100 in one month on business standard.

More than 3 700 of them were part of the ground services around 2 000 were part of the in flight services another 1 500 worked in the engineering department nearly 1 000 were employed in flight operations while another 500 odd were part of the airline s corporate and commercial departments. With its competitors mainly spicejet and indigo lowering ticket fares in the following years it was forced to follow suit hurting overall performance resulting in steep financial losses. Industry sources said that it will be difficult to attract veteran executives unless they have a concrete stable plan.

Vistara acquired 16 aircraft from the fleet of temporarily shut jet airways. For businessman murari lal jalan and consortium partner kalrock reviving airline is an opportunity. Read more about jet airways may fly again in 4 6 months after new management takes over on business standard.

Jet airways went into bankruptcy in june 2019 after it failed to repay its mounting debt of 1 2 billion. Read more about new jet airways owners approach aditya ghosh prock schauer for ceo role on business standard. Jet airways to chart a new flight path on saturday lenders to jet airways india ltd accepted a rs 1 000 crore bid by a consortium of uk based kalrock capital and uae based entrepreneur murari.