The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the Committee of Creditors (CoC) of Jet Airways to file an affidavit stating whether it is ready to cooperate with the Dutch bankruptcy administrator which is also pursuing insolvency proceedings against the...
The Union government has said that mobilising financial resources and ensuring efficient operations are the responsibility of Jet Airways and it has not role in raising funds for the ailing carrier.   Hardeep Singh Puri, minister of state for civil aviation (independent charge), while...
The Delhi High Court on Tuesday asked Jet Airways promoter Naresh Goyal to submit Rs 18,000 crore in bank guarantees in order to be allowed to travel abroad.   "If you can give Rs 18,000 crore as bank guarantee, then you can go," said Justice Suresh Kait while refusing to grant...

One sentence, in an article published in LiveMint, indicates why there are no suitors for Jet Airways, leading to bankers, mainly unaccountable public sector banks (PSBs), finally, opting for bankruptcy proceedings on 17th June. It says, “A senior banker involved in the discussions said one...
Grounded full service carrier Jet Airways' continues to lose its senior management level personnel, further damaging hopes of the airline's revival.   The latest to quit the company is Robin Kamark, the UAE-based Etihad Airways' nominee on the Board of the grounded...

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