On June 25, NCLT published the written order approving Jalan Kalrock Consortium's resolution plan and the approval is subject to certain directions. A separate order regarding the directions would be issued later by the tribu
The Mumbai bench of NCLT, chaired by Mohammed Ajmal and V Nallasenapathy, dismissed pleas by various applicants seeking a copy of the resolution plan submitted by Kalrock-Jalan consortium for the grounded airlines.
In September 2016, the CCI had directed the director general (DG), its investigation arm, to cause an investigation into the matter on "prima facie" finding that the airlines-- Jet Airways (including Jet Lite), Indigo, Spice
Around 11.45 AM, InterGlobe Aviation (IndiGo) shares were trading 2.54 per cent lower at Rs 828.45 apiece on BSE. It hit an intraday high of Rs 840 in Tuesday’s trade. While SpiceJet share price was down 4.93 per cent at Rs
Aviation companies such as InterGlobe Aviation, SpiceJet and Jet Airways performed relatively better on a year-on-year basis in terms of topline and bottomline growth for the first quarter ended June 30, 2016.
Private carrier Jet Airways will take back all six wide-body Boeing aircraft leased out to its investment partner Etihad Airways in the next six months and deploy them on some of its core routes including to the Gulf.
The benchmark BSE Sensex plunged over 4 per cent in the past one year till May 26, 2016, while shares of Jet Airways and SpiceJet soared 65 per cent and 248 per cent, respectively, during the same period.