Employees of the airline have said they would come together – with the help of external investors – to revive the airline.

Jet Airways' lenders have invited bids for selling stake in the ailing airline and the final bidders are likely to known by second week of ...

Even as the board meet remained inconclusive, lenders maintained that efforts are on to revive the carrier.

PNB 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...

Amid acute financial crunch crippling its operations, Jet Airways management is awaiting clarity on receiving fresh funds after which a dec...

It couldn't be immediately ascertained whether Goyal has partnered with any entity or airline for the bid.

The bidding norms allow Goyal to participate in the sale process. Goyal's response on the issue was awaited.

Jet has been defaulting on salary payments to pilots, engineers and senior management since Aug last year.

A source said banks are trying to work out a revival plan for Jet Airways through a change in management.

Abu Dhabi-based Etihad airways asks State Bank of India to buy out its stake, leaves Jet in critical condition.

Sources said Etihad is willing to exit the airline even at a discount.

The meeting assumes significance amid differences persisting between Goyal, the lenders and Etihad.

The State Bank of India (SBI) may approach the NCLT to recover its loans from Jet Airways.

Subsequently, appropriate interim credit facilities would be sanctioned to the airline by the lenders.

SBI may convert its debt to equity which will be worth almost a 15% stake in Jet Airways.

Jet Airways has tied-up with SBI Card to enable its customers book their tickets through its portal, using the card option.

The highest number of passenger complaints were lodged against Jet Airways in April.