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SBI JET AIRWAYS
Jet Airways case: NCLAT to pass order on Jalan Kalrock Consortium's plea against SBI on May 30Amid continuing differences between lenders of bankrupt-Jet Airways and the consortium, the appellate tribunal also asked both parties to c...- Jet Airways case: Etihad's demands for open offer waiver, SBI says slots assurance not feasibleEarlier this week, SBI-led consortium of 26 lenders had decided to seek resolution under IBC as they had received only a conditional bid.
- Darwin Platform Group, SBI Caps discuss unsolicited bid for Jet AirwaysLast week, the State Bank of India-led consortium of lenders to Jet Airways said it has received bids from Etihad Airways
- Some employees want to bid for Jet Airways, writes to SBI to considerEmployees of the airline have said they would come together – with the help of external investors – to revive the airline.
- Jet employees' union opposes allocation of slots to other airlinesJet Airways' lenders have invited bids for selling stake in the ailing airline and the final bidders are likely to known by second week of ...
- With just 5 planes flying, Jet Airways struggles to stay in sky; seeks Rs 400 cr emergency fundsEven as the board meet remained inconclusive, lenders maintained that efforts are on to revive the carrier.
- Lenders to Jet Airways working on revival, no final decision yet: PNB MDPNB is part of a consortium of 26 lenders, led by State Bank of India (SBI), which have exposure to Jet Airways' debt of over Rs 8,000 cror...
- Lenders discussing ways to revive Jet Airways; fund infusion likely soonAmid acute financial crunch crippling its operations, Jet Airways management is awaiting clarity on receiving fresh funds after which a dec...
- Naresh Goyal puts in bid for Jet AirwaysIt couldn't be immediately ascertained whether Goyal has partnered with any entity or airline for the bid.
- Naresh Goyal may submit bids for stake in Jet AirwaysThe bidding norms allow Goyal to participate in the sale process. Goyal's response on the issue was awaited.
- Jet Airways pilots defer to April 15 its decision not to flyJet has been defaulting on salary payments to pilots, engineers and senior management since Aug last year.
- Lenders trying to revive Jet Airways by management change: SourceA source said banks are trying to work out a revival plan for Jet Airways through a change in management.
- With a formal offer to SBI, Etihad seeks to fly out of JetAbu Dhabi-based Etihad airways asks State Bank of India to buy out its stake, leaves Jet in critical condition.
- Etihad offers to sell its 24% stake in Jet Airways to SBI for Rs 400 crSources said Etihad is willing to exit the airline even at a discount.
- SBI calls lenders' meeting with Jet Airways chairman Naresh Goyal, Etihad CEO DouglasThe meeting assumes significance amid differences persisting between Goyal, the lenders and Etihad.
- Jet Airways falls 5% on reports of SBI planning to move NCLTThe State Bank of India (SBI) may approach the NCLT to recover its loans from Jet Airways.
- SBI mulling insolvency route via NCLT to recover Jet Airways loanSubsequently, appropriate interim credit facilities would be sanctioned to the airline by the lenders.
- Jet Airways signs MoU with SBI, seeks govt nod for open offer exemptionSBI may convert its debt to equity which will be worth almost a 15% stake in Jet Airways.
- Jet Airways, SBI Card in tie-upJet Airways has tied-up with SBI Card to enable its customers book their tickets through its portal, using the card option.
- Jet tops passenger complaint, flights cancellation listsThe highest number of passenger complaints were lodged against Jet Airways in April.
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