Jet Airways revival faces hurdles as lenders push for crucial certificate amid ownership dispute
Jet Airways, once a prominent player in the Indian aviation industry, is still grappling with challenges in its bid for revival.
Stay updated with the latest news and articles about Jet Airways.
Jet Airways, once a prominent player in the Indian aviation industry, is still grappling with challenges in its bid for revival.
ED has taken action against Jet Airways Ltd, attaching properties worth ₹538.05 crore.
The NCLAT is set to announce its order on Jalan Kalrock Consortium's plea for a 90-day extension to pay ₹350 crore to Jet Airways' creditors.
On 5th May, Friday Central Bureau of Investigation (CBI) started a search operations at 7 locations in Mumbai including Jet Airways Chariman Naresh Goyal's house and offices.
Over the course of the past two decades, India has witnessed the collapse of close to 50 different airlines.
CEO-designate of Jet Airways, Sanjiv Kapoor has resigned from his role in the airline with his last working day being today on the 28th of April, 2023.
Companies set to report quarterly profits today include Tata Motors, Bajaj Auto, Dr Reddy's Laboratories, Cipla, Amara Raja Batteries, Ceat, DLF, Embassy Office Parks REIT, Equitas Holdings, Indraprastha Gas, Tata Elxsi, TeamLease Services, and Torrent Pharma.
In November, Jet Airways temporarily reduced the salaries of a portion of its workforce and placed them on unpaid leave.
Stocks to Watch: On Tuesday, the single stock in the F&O space is Punjab National Bank (PNB).
Stocks to keep an eye on today: The trading session on Monday will centre on shares of companies like Archean Chemicals, Five Star, NDTV, Jet Airways, Zomato, and others.
After its then-promoters failed to provide liquidity, Jet Airways' insolvency resolution process began in June 2019.
InterGlobe Aviation, the parent company of IndiGo, had a 2.37% decline in its stock price, reaching an intraday low of Rs 1,974.65. SpiceJet's shares dipped 1.4% while Jet Airways' stock increased 4.5%.
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