Industry insiders doubt whether bankers will be able to revive the airline or not, especially after other reports surfaced that Jet’s vendors approached the National Company Law Tribunal (NCLT).
The electric, on-demand air taxis can be ordered by customers through smartphone apps.
Caesarean is a process which is often adopted for the protection of a mother & child, and sometimes it depends on the pregnant woman’s specific
Jet Airway’s Former Partners, Rivals Struggle To Fill Lucrative Capacity Gap Left By Collapsed Airlines
Jet, which halted operations on April 17 after running out of cash, had a market share of around 12 percent on international flights to and from India in 2018, according to government statistics, outstripping even Air India.
The company vows to invest more money in developing new tractors in the next three years than it did in the last five years.
The airline currently has over 92 aircraft in its fleet consisting mostly of Boeing 737s.
Under foreign direct investment regulations, a foreign airline can hold a maximum stake of 49% in an Indian airline, with majority control resting with an Indian partner.
Local traffic in March 2019 increased a tad to 11.60 million from 11.58 million in the same month the previous year.
The bank said it cannot grant credit facilities to Jet Airways since they are based on cash flows.
Investors are already miffed over the government’s move to re-allocate its slots at various domestic airports.
Jet is currently 51% owned by Naresh Goyal. Etihad owns 24% and the rest is with the public.
Dube had joined Jet Airways in August 2017 after varied roles at Delta Airlines Inc, Sabre, Inc., and American Airlines.
Not just did Etihad Airways invest money in Jet Airways in 2013, they also bought out 50.1 percent of the JetPrivilege frequent flyer programme.
It was earlier reported that soon after the government began allocating the airlines’ slots and planes to its rivals, potential bidders began to question any investment into Jet Airways.
The probe threatens to intensify woes for Jet Airways, which suspended services on 17 April amid a cash crunch and over $1 billion in debt.
The penalties issue had divided the telecom industry with the older operators on one side and Jio and Trai on the other.
PEL confirmed that it has diluted the entire stake in STFC, but did not disclose the value.
Jet has accumulated debt of nearly Rs 8,500 crore on its books with total liabilities of around Rs 25,000 crore.
Asian markets got a quick boost after Hong Kong’s Hang Seng Index jumped as much as 1.4%.
UCO Bank also named as wilful defaulters directors of seven other companies, which have total unpaid dues of Rs 740 crore.
Analysts say that Panaya had always been a good acquisition and would fit into Infosys’ current strategy.
A document, purportedly about a divorce suit against Deb, went viral on social media, following which his wife, Niti Deb, termed the post as a “dirty rumour” that was spread to gain political mileage.
Over 20 days after Rahul announced his intent to quit, Congress is still groping for an answer to the crisis, with many calling it a vacuum.
Modi’s invite extends to presidents of all the parties with presence in Parliament.
Captain Virat Kohli-led team beat its arch-rival Pakistan with 89 runs in an ICC World Cup match at the Old Trafford in Manchester, England, on Sunday.
Actress Priyanka Chopra was seen shaking a leg to a Bollywood number along with a new dancing partner. She uploaded a video on Sunday of
The film had benefitted immensely from zero competition in the past, present or future.
Today, an elated Neil shared a post on his instagram page which revealed that he has completed his chunk of shooting for the film.