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The changing skies: How Jet Airways’ collapse and Air India-Vistara merger redefined Indian aviation in 2024

While the fall of Jet Airways reflects the industry’s volatility, the Air India-Vistara merger highlights the importance of strategic consolidation.…

Updated: December 19, 2024 21:49 IST

Jet’s liquidation may take off with auctioned planes

The airline’s senior executives said that there is a positive approach from the lenders and the liquidator of erstwhile Jet…

Updated: December 16, 2024 11:49 IST

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Jet set wait: The airline’s liquidation exposes the shortcomings of India’s much-vaunted insolvency resolution process

According to the Insolvency and Bankruptcy Code (IBC), 2016, a resolution process must be completed by 180 days, with the…

November 12, 2024 06:30 IST

Sky-high tragedy: How Jet Airways fell from the top to liquidation

The liquidation marks a sad closure for Jet Airways, a carrier that once redefined air travel in India. Over the…

November 7, 2024 22:01 IST

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Supreme Court overturns NCLAT ruling, directs liquidation of Jet Airways

The Supreme Court nullified the JKC-led resolution plan to revive the bankrupt airline, citing that the consortium failed to provide…

Updated: November 7, 2024 12:40 IST

Jet Airways founder Naresh Goyal’s wife Anita Goyal dies of cancer

Earlier this month, Naresh Goyal had sought interim bail from the Bombay High Court on medical and humanitarian grounds citing…

Updated: May 16, 2024 09:47 IST

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Winning bidder of Jet planes may exit pact

Two years after the company signed the deal with the monitoring committee of Jet Airways to take possession of the…

May 16, 2024 06:00 IST

Jet Airways’ financial turbulence: NCLAT upholds transfer of ownership of airline to Jalan Kalrock Consortium

The appellate tribunal has instructed the lenders to complete the transfer within 90 days, and mandated the consortium to obtain…

March 12, 2024 17:25 IST

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Cycle of dependency: The desperate yearning for more has consumed many businessmen like Naresh Goyal

The man who stepped out of Mumbai’s Arthur Road jail only for a few hours last week was wearing a…

January 24, 2024 04:00 IST

‘No hope, better to die in jail’: Jet Airways founder Naresh Goyal breaks down in court

Naresh Goyal, who turned teary-eyed, submitted that he misses his wife Anita very badly and said she is in the…

January 7, 2024 10:43 IST

Enforcement Directorate attaches assets worth Rs 538 crore in Jet Airways case

The ED had on Tuesday filed a chargesheet against Naresh Goyal in its probe against Jet Airways under the Prevention…

November 2, 2023 12:43 IST

Jet Airways’ lenders question Jalan-Kalrock funding source

Consortium says lenders do not intend to transfer ownership of airline.

October 5, 2023 05:45 IST

Go First, Jet Airways lose airline codes

G8 and 9W are two key codes assigned by the IATA

September 3, 2023 05:30 IST

ED arrests Jet Airways founder Naresh Goyal in bank fraud case

Goyal, 74, is expected to be produced before a special PMLA court in Mumbai on Saturday where the ED will…

September 2, 2023 02:04 IST

Jet Airways insolvency case: NCLAT extends time till September 30 for Jalan-Kalrock Consortium to pay Rs 350 crore

Jalan-Kalrock Consortium had emerged as the winning bidder for the airline, which stopped flying in April 2019 and later underwent…

August 28, 2023 17:50 IST

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Jet lenders extend Jalan-Kalrock payment date till Sept-end

A bank guarantee of Rs 150 crore is also included in the total payment schedule which the JKC has urged…

August 22, 2023 02:30 IST

Jalan-Kalrock, NCLAT, JKC, Jet Airways, aviation, civil aviation

Jalan-Kalrock commits Rs 350 crore to Jet creditors

The NCLAT is understood to have agreed to hear the case again on August 21 and has asked JKC to…

August 19, 2023 01:40 IST

Jet lenders ask Jalan Kalrock to pay Rs 350 crore

Last week, the Directorate General of Civil Aviation renewed with conditions the air operator certificate (AOC) of Jet Airways until…

August 8, 2023 05:00 IST

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