JPMiles part of Etihad, not affected by Jet Airways grounding

54 AM ISTReutersJPPL was formed as a fullyowned subsidiary of Jet Airways in 2012.It was hived off as a separate entity in 2014 when Etihad bought a 50.

Jet Airways audit shows diversion of funds, fraudulent billing

30 AM ISTReutersMonthly invoice of Rs 15 cr was accounted for by Jet Airways for commercial activities without relevant documents supporting them.Board resolution, shareholder approval for making the provision was not made available to the auditors,” the forensic audit conducted by EY says.

Jet Airways grounded, Air France-KLM seeks new ally

After Jet ran into cash flow problems last year, its owner Naresh Goyal tried to woo both Air France-KLM and Delta Air Lines for a stake purchase, but without success.05 AM ISTAgenciesThe Air France-KLM combine is open to other commercial partnerships in India after Jet Airways’ grounding, senior executives of the megacarrier said.

Jet fuel prices cut by 5.8%; subsidised cooking gas to get cheaper by Rs 3

8% to Rs 61,200 per kilolitre for domestic airlines in Delhi.8% to Rs 61,200 per kilolitre for domestic airlines in Delhi.

Martinis at the Bar. Sinatra on Repeat. The TWA Hotel Sells a Jet-Age Fantasy.

Our architecture critic finds not quite enough polish at the new hotel in Eero Saarinen’s 1962 TWA Flight Center, despite glamour to spare.The TWA Hotel now occupies Eero Saarinen’s stupendously restored 1962 TWA Flight Center at John F.

Jet Airways Employee Consortium, AdiGroup to bid for 75 per cent of airline

38 PM ISTBCCLThe airline owes Rs 8,500 crore to banks and around Rs 25,000 crore in arrears to vendors, lessors and employees.NEW DELHI: In a first-of-its-kind initiative, a Jet Airways Employee Consortium and AdiGroup Friday announced a partnership to bid for 75 per cent of the airline through the NCLT process, members of the consortium said.

Jet Airways evicted from Siroya Centre despite moratorium under NCLT

The move may attract legal action as the distressed airline is undergoing an insolvency resolution process directed by India’s bankruptcy court.28 AM ISTAgenciesThe insolvency resolution process started after the National Company Law Tribunal last Thursday admitted a plea by Jet’s biggest lender the State Bank of India on repeated loan repayment defaults.

Sensex soars 489 pts, Nifty ends at 11,832; Jet defies gravity, vaults 122%

Business News›Sensex soars 489 pts, Nifty ends at 11,832; Jet defies gravity, vaults 122% Stock Analysis, IPO, Mutual Funds, Bonds & More LIVE BLOG20 Jun, 2019 | 03.5 per cent.

SBI-led consortium to take Jet Airways to NCLT, seek resolution under IBC

The petition by the lenders could be filed in the Mumbai NCLT as early as Tuesday.ET reported on June 17 that lenders will seal the fate of the airline in a crucial meeting to be held on Monday.

Today’s Logistics Report: Tensions Over Tankers; Slowing Jet Supply Chains; Hardly Delivering Profits


737 MAX is pushing some aerospace supply chains into a slow descent.The new look at production highlights the tough economics of shifting gears in big supply chains for high-cost manufacturing operations.

jet airways: NCLT adjourns hearing on Jet Airways to June 20

These two companied had on June 10 dragged the airline to the NCLT seeking bankruptcy proceedings.The airline, which was grounded on April 17, owes Rs 8.

CFM wins blockbuster jet engine order from IndiGo: Sources

IndiGo has placed an order of over 600 engines to CFM International, a French-U.53 PM ISTBCCLThe airline has selected CFM for the order, which is expected to rise above 600 engines including spares, the sources said.

Two Jet suppliers seek to land airline in bankruptcy court

If the petition is admitted, it’s the end of the road for the airline,” said a banker aware of the development.“We are not very hopeful of recovering our dues in bankruptcy as the other liabilities are much bigger than bank loans.

Vistara grounds first Boeing jet due to technical glitch

28 PM ISTBCCLThe airline has leased six aircraft from BOC Aviation to accelerate its growth in the domestic market.NEW DELHI: Full-service carrier Vistara's first Boeing aircraft has been grounded due to an engine related technical glitch, industry sources said on Tuesday.

Etihad Airways: Naresh Goyal says Etihad has no plans to exit Jet Airways now

PTI|Updated: Sep 11, 2017, 06.MUMBAI: Naresh Goyal today scotched rumours about Gulf carrier Etihad Airways exiting its over three year-old equity partnership with Jet Airways and also said he is not looking for another partner.

SpiceJet examines taking over widebody jets previously operated by Jet

1% share of India's domestic market in April, according to government statistics, behind IndiGo's 49.9% and Air India's 13.

Thailand trip: Indians go short-haul for a break, US and Europe stay expensive on Jet crisis, Pakistan curb

Short-haul, visaon-arrival destinations are gaining traction this summer as airfares and holiday packages to the US and Europe stay expensive due to the Jet Airways crisis and closure of Pakistani airspace.Fares have also increased in the range of 20% to the Gulf and around 22% to Europe, the official added.

Jet's demise brings down domestic market in India; decline impacts global growth: IATA

The country was one of the fastest growing domestic aviation markets in the world for the past many months.NEW DELHI: The demise of Jet Airways has taken away the distinction of being the highest growing domestic aviation market in the world from India’s aviation, which fell by 0.

Air Asia India drops plan to take Jet's grounded B737s

43 PM ISTReutersWhile SpiceJet is learnt to have inducted 20 of Jet's grounded B737 planes, Vistara took 4.New Delhi-Low-cost carrier Air Asia India has dropped its plan to lease B737 aircraft of grounded Jet Airways as the Tata group venture carrier wants to continue with one type of aircraft.

Hindujas get backing of Etihad, Naresh Goyal to board Jet Airways

MUMBAI: The Hinduja Group will start the process of bidding for Jet Airways this week, having obtained the assent of key stakeholders in the grounded airline including founder Naresh Goyal and Etihad Airways, strategic investor in the carrier.Sources close to Naresh Goyal and the Hindujas said they share cordial ties that go back more than two decades.