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Jet Airways` air operator certificate renewed by DGCA till September 3 The Jalan-Kalrock Consortium, which is the resolution applicant for the cash-strapped Jet Airways, has successfully secured the renewal of the airline's air operator certificate (AOC) from the Directorate General of Civil Aviation (DGCA). This crucial development clears the path for the grounded passenger carrier to resume its operations and revive its services in India. In a statement issued on Monday, the Jalan-Kalrock Consortium said that the successful resolution applicant of Je...
Jet Airways` air operator certificate renewed by DGCA till September 3
Jet Airways` air operator certificate renewed by DGCA till September 3
Source: IANS
31/07/2023 6:13:45 PM
Three of the four listed aviation stocks struggling for a lift-off Even though many Indian airline brands are taking to the skies, only three passenger airlines -- InterGlobe Aviation Ltd (brand Indigo), SpiceJet, Jet Airways -- and one helicopter service company, Global Vectra Helicorp Ltd, are listed on the bourses. Among the listed as well as the unlisted ones, InterGlobe Aviation is the market leader with 55.7 per cent market share and SpiceJet has 6.9 per cent, as per the figures released by the Ministry of Civil Aviation for the period January-Ma...
Three of the four listed aviation stocks struggling for a lift-off
Three of the four listed aviation stocks struggling for a lift-off
Source: IANS
21/05/2023 1:07:47 PM
India resists calls for more air access in drive to be global aviation force India dampened foreign airline hopes for more access to its airports on Tuesday, with its aviation minister urging domestic carriers to fly long-haul and help establish new hubs as it seeks to recapture control of Indian travel from foreign rivals. It is also asking aerospace companies to step-up local production and will soon finalise rules to safeguard rights of lessors on repossession of jets, in a bid to level up with major global aviation markets, Jyotiraditya Scindia told Reuters. ...
India resists calls for more air access in drive to be global aviation force
India resists calls for more air access in drive to be global aviation force
Source: Reuters
22/03/2023 8:43:45 AM
`Indian aviation industry gradually moving out of turbulent phase` The Investment Information and Credit Rating Agency (ICRA) has revised the outlook for the Indian aviation industry to 'Stable' from 'Negative', given the fast-paced recovery in domestic passenger traffic in FY2023 and the expected continuation of the same in FY2024. Moreover, the industry has witnessed improved pricing power, as reflected in the healthier yields and thus the revenue per available seat km - cost per available seat kilometre (RASK-CASK) spread of the airline...
`Indian aviation industry gradually moving out of turbulent phase`
`Indian aviation industry gradually moving out of turbulent phase`
Source: IANS
7/03/2023 9:19:23 AM
Sri Lanka to allow private companies to supply jet fuel Sri Lanka's Cabinet of Ministers has approved a proposal to allow private companies to supply Jet A-1 aviation fuel to airplanes as the state-owned petroleum distributor fails to meet the demand, government Spokesperson Bandula Gunawardena said on Tuesday. Addressing a press conference, the Spokesperson added that Jet A-1 aviation fuel is currently being supplied to aircraft by the Ceylon Petroleum Corporation (CPC), Xinhua news agency reported. However, in the past year the operati...
Sri Lanka to allow private companies to supply jet fuel
Sri Lanka to allow private companies to supply jet fuel
Source: IANS
1/03/2023 9:14:48 AM
Jet Airways stock rallies as NCLT approves ownership transfer to Jalan Kalrock consortium In a relief to the Jalan Kalrock consortium (JKC), the National Company Law Tribunal (NCLT) on Friday approved the transfer of ownership of Jet Airways to it as well as giving it more time to pay the dues to the creditors. Shares of the grounded Jet Airways rallied 5 per cent on Friday after the development. The rulings followed two petitions filed by the consortium, including approval of transfer of ownership and extension of time for the payment of dues to the creditors. The tribun...
Jet Airways stock rallies as NCLT approves ownership transfer to Jalan Kalrock consortium
Jet Airways stock rallies as NCLT approves ownership transfer to Jalan Kalrock consortium
Source: IANS
14/01/2023 10:07:13 AM
India tribunal allows Jet Airways ownership transfer to consortium BENGALURU  - India's national company law tribunal has allowed the ownership of carrier Jet Airways to be transferred to the Jalan-Kalrock consortium, news channel CNBC TV 18 reported on Friday.
India tribunal allows Jet Airways ownership transfer to consortium
India tribunal allows Jet Airways ownership transfer to consortium
Source: Reuters
13/01/2023 3:40:19 PM
Jet Airways creditors at odds with owners over recovery plan Jet Airways' creditors and its new owners are deadlocked over a resolution plan to lift the Indian airline out of bankruptcy, putting its future in limbo, four sources said. Creditors may approach India's aviation ministry to seek approval to liquidate Jet's assets if there is no resolution on Tuesday in a critical court hearing, a senior banker said. "There are concerns the resolution plan may fall apart so we are looking to see if we can at least get something out of ...
Jet Airways creditors at odds with owners over recovery plan
Jet Airways creditors at odds with owners over recovery plan
Source: Reuters
29/11/2022 10:54:41 AM
Investing community mourns death of Rakesh Jhunjhunwala The private equity investing community on Sunday was saddened by the sudden death of broker-investor Rakesh Jhunjhunwala. "Saddened by this news. Most unexpected and only 62. He inspired many people to invest in our public markets. And was promoter of a few," Kris Gopalakrishnan, Chairman, Axilor Ventures told IANS. According to investors, Jhunjhunwala started investing in private companies recently. He had invested in standalone health insurer Star Health and Allied Insura...
Investing community mourns death of Rakesh Jhunjhunwala
Investing community mourns death of Rakesh Jhunjhunwala
Source: IANS
14/08/2022 12:47:04 PM
Grounded for three years, Jet Airways all set to soar under new management Virtually written off following massive financial problems, Jet Airways is now ready for its reincarnation -- this time under a new management -- come September. Paving the way for the private carrier's revival, the Directorate General of Civil Aviation (DGCA) granted the revalidated Air Operator Certificate to the new owners, Jalan Kalrock Consortium (JKC), on May 20. The JKC fulfilled all the conditions laid down in the NCLT-approved resolution plan for the revival of the airline,...
Grounded for three years, Jet Airways all set to soar under new management
Grounded for three years, Jet Airways all set to soar under new management
Source: IANS
26/07/2022 9:18:25 AM
Jet Airways near deal to buy 50 Airbus A220 jets, sources say  India's Jet Airways is near a deal to buy 50 A220 jets from Airbus, two people familiar with the matter said. The airline, whose board was expected to meet on Monday to finalise the deal, was not available for comment. Airbus declined comment.
Jet Airways near deal to buy 50 Airbus A220 jets, sources say
Jet Airways near deal to buy 50 Airbus A220 jets, sources say
Source: Reuters
18/07/2022 3:52:20 PM
Jet Airways soars on the BSE Jet Airways (India) is currently trading at Rs. 110.35, up by 5.25 points or 5.00% from its previous closing of Rs. 105.10 on the BSE. The scrip opened at Rs. 110.35 and has touched a high and low of Rs. 110.35 and Rs. 108.00 respectively. So far 19503 shares were traded on the counter. The BSE group 'Z' stock of face value Rs. 10 has touched a 52 week high of Rs. 137.60 on 26-May-2022 and a 52 week low of Rs. 65.10 on 20-Jul-2021. Last one week high and low of the scrip stoo...
Jet Airways soars on the BSE
Jet Airways soars on the BSE
Source: Accord Fintech
28/06/2022 9:53:56 AM
Jet Airways flies high on successfully conducting proving flights Jet Airways (India) is currently trading at Rs. 108.00, up by 2.95 points or 2.81% from its previous closing of Rs. 105.05 on the BSE. The scrip opened at Rs. 109.95 and has touched a high and low of Rs. 109.95 and Rs. 106.10 respectively. So far 68443 shares were traded on the counter. The BSE group 'Z' stock of face value Rs. 10 has touched a 52 week high of Rs. 133.10 on 30-Jun-2021 and a 52 week low of Rs. 65.10 on 20-Jul-2021. Last one week high and low of the scrip stoo...
Jet Airways flies high on successfully conducting proving flights
Jet Airways flies high on successfully conducting proving flights
Source: Accord Fintech
18/05/2022 1:10:26 PM
Key News -Jet Airways Ltd, One97 Communications Ltd, Adani group , Amazon, Airtel Ltd, Godrej Properties Ltd, By ARETE Securities Jet Airways conducts first set of three proving flights Jet Airways on Sunday conducted the first set of three proving flights with 18 people, including officials of the aviation regulator DGCA, on board the aircraft, sources said. The second set of two proving flights will be operated by Jet Airways on Tuesday, they said. Proving flights is the last step for the airline to obtain the air operator certificate (AOC).   Paytm lending business records annualised run-rate of Rs 20,0...
Key News -Jet Airways Ltd, One97 Communications Ltd, Adani group , Amazon, Airtel Ltd, Godrej Properties Ltd, By ARETE Securities
Key News -Jet Airways Ltd, One97 Communications Ltd, Adani group , Amazon, Airtel Ltd, Godrej Properties Ltd, By ARETE Securities
Source: ARETE Securities Ltd
16/05/2022 10:25:52 AM
Key News - IndiGo, Vedanta, Reliance Industries Ltd , Jet Airways , Hindustan Petroleum Corporation Ltd By ARETE Securities Key News IndiGo says specially abled child was 'in panic', didn't board flight IndiGo barred a specially-abled child from boarding a flight at the Ranchi airport as he was in "a state of panic", following which the aviation regulator DGCA has started a probe and asked the airline to submit a report, officials said on Sunday. As the boy was prohibited from boarding the airline's Ranchi-Hyderabad flight on Saturday, his parents also decided to not take the flight...
Key News - IndiGo, Vedanta, Reliance Industries Ltd , Jet Airways , Hindustan Petroleum Corporation Ltd By ARETE Securities
Key News - IndiGo, Vedanta, Reliance Industries Ltd , Jet Airways , Hindustan Petroleum Corporation Ltd By ARETE Securities
Source: ARETE Securities Ltd
9/05/2022 9:52:26 AM
Jet Airways gets MHA security clearance to resume flight operations The Ministry of Home Affairs has granted security clearance to Jet airways to resume its commercial services in the country in coming months. The security clearance come in wake of the proposed change in Jet Airways's management control and shareholding pattern, for the scheduled operator permit, according to officials privy to the development. The government move came after the Jalan Kalrock Consortium became the new promoter of the airline and approached the government for the sec...
Jet Airways gets MHA security clearance to resume flight operations
Jet Airways gets MHA security clearance to resume flight operations
Source: IANS
9/05/2022 8:53:36 AM
Jet Airways takes to skies again with test flight Jet Airways took to the skies again after a gap of three years. The airline had ceased operations in early 2019 due to some financial difficulties. Jet Airways underwent the corporate insolvency resolution process under the Indian Insolvency and Bankruptcy Code and as per orders of the NCLT, Mumbai Bench, the resolution plan for Jet Airways submitted by the Jalan Kalrock Consortium was approved. The airline has shared a video on Twitter which shows the test plane taking off. "...
Jet Airways takes to skies again with test flight
Jet Airways takes to skies again with test flight
Source: IANS
6/05/2022 12:16:53 PM
Working closely with authorities to get air operator certificate re-validated: Jet Jet Airways on Thursday said that it is working closely with authorities to get its "air operator certificate" re-validated. According to a company statement, the restart activities are "progressing well". "We are working closely with the Ministry of Civil Aviation, Government of India, and the Directorate General of Civil Aviation on the approval process and timelines for proving flight, following which the 'Air Operator Certificate' of Jet Airways will...
Working closely with authorities to get air operator certificate re-validated: Jet
Working closely with authorities to get air operator certificate re-validated: Jet
Source: IANS
18/03/2022 9:16:36 AM
Aviation veteran Sanjiv Kapoor appointed as Jet Airways CEO The Jalan Kalrock Consortium, the Successful Resolution Applicant and the new proposed promoters of grounded airline Jet Airways, on Friday announced the appointment of Sanjiv Kapoor as the airline's Chief Executive Officer. Jet Airways underwent the corporate insolvency resolution process under the Indian Insolvency and Bankruptcy Code and as per orders of the NCLT, Mumbai Bench, the resolution plan for Jet Airways submitted by the Jalan Kalrock Consortium was approved. Kapoor, who...
Aviation veteran Sanjiv Kapoor appointed as Jet Airways CEO
Aviation veteran Sanjiv Kapoor appointed as Jet Airways CEO
Source: IANS
4/03/2022 3:12:55 PM
Jet Airways appoints former SriLankan Airlines head as CFO The Jalan-Kalrock Consortium, the successful resolution applicant and proposed promoters of grounded Jet Airways, on Tuesday announced the appointment of Vipula Gunatilleka as its Chief Financial Officer. Gunatilleka, who was the CEO of SriLankan Airlines until January 2022, will be joining from March 1, 2022, a Jet Airways statement said. "He has been shortlisted after a rigorous process run by our Executive Team over the last several months. I am certain Vipula will be an asset t...
Jet Airways appoints former SriLankan Airlines head as CFO
Jet Airways appoints former SriLankan Airlines head as CFO
Source: IANS
23/02/2022 9:34:57 AM
Jet Airways declines as its net loss widens to Rs 104 crore in Q3 Jet Airways (India) is currently trading at Rs. 84.50, down by 1.40 points or 1.63% from its previous closing of Rs. 85.90 on the BSE. The scrip opened at Rs. 86.00 and has touched a high and low of Rs. 87.00 and Rs. 83.25 respectively. So far 10031 shares were traded on the counter. The BSE group 'Z' stock of face value Rs. 10 has touched a 52 week high of Rs. 141.90 on 01-Mar-2021 and a 52 week low of Rs. 65.10 on 20-Jul-2021. Last one week high and low of the scrip stood a...
Jet Airways declines as its net loss widens to Rs 104 crore in Q3
Jet Airways declines as its net loss widens to Rs 104 crore in Q3
Source: Accord Fintech
16/02/2022 12:47:10 PM
Ready to infuse funds to fast track Jet Airways' revival: Jalan Kalrock Consortium The Jalan Kalrock Consortium, the successful resolution applicant for the acquisition of Jet Airways, on Friday said it wants to infuse funds in the airline to fast track its revival process. The consortium approached the NCLT to fast-track implementation of the resolution plan approved by the latter in June 2021. "The consortium wants to commence payments to all stakeholders including ex-employees, workmen, ticket claimants and lenders of Jet Airways as per the plan approved by th...
Ready to infuse funds to fast track Jet Airways' revival: Jalan Kalrock Consortium
Ready to infuse funds to fast track Jet Airways' revival: Jalan Kalrock Consortium
Source: IANS
18/12/2021 10:16:28 AM
India's Jet Airways in talks with Boeing, Airbus for $12 billion order - BloombergQuint BENGALURU - India's Jet Airways is in talks with planemakers Boeing Co and Airbus SE for an order worth $12 billion, BloombergQuint reported on Thursday, citing Bloomberg News. The airline's new owners, UAE-based businessman Murari Lal Jalan and UK investment firm Kalrock Capital, told Bloomberg News that Jet could buy at least 100 narrowbody aircraft, BloombergQuint said on Twitter. The group is set to invest about $200 million through equity and debt in Jet over the next six m...
India's Jet Airways in talks with Boeing, Airbus for $12 billion order - BloombergQuint
India's Jet Airways in talks with Boeing, Airbus for $12 billion order - BloombergQuint
Source: Reuters
2/12/2021 1:56:58 PM
Key News - Videocon Industries Ltd, Jet Airways, Zee Entertainment Enterprises Ltd, Infosys Ltd, Tata Consultancy Services Ltd By ARETE Securities Key News Sebi penalises 2 Videocon promoter cos for violating insider trading norms Markets regulator Sebi on Monday penalised Videocon Realty and Infrastructures Ltd and Electroparts (India) Pvt Ltd for making wrong disclosures with respect to transactions in shares of Videocon Industries. The entities have violated Prohibition of Insider Trading (PIT) norms, according to two separate orders. Both the entities are promoters of Videocon Industries, as per shareholding data available wit...
Key News - Videocon Industries Ltd, Jet Airways, Zee Entertainment Enterprises Ltd, Infosys Ltd, Tata Consultancy Services Ltd By ARETE Securities
Key News - Videocon Industries Ltd, Jet Airways, Zee Entertainment Enterprises Ltd, Infosys Ltd, Tata Consultancy Services Ltd By ARETE Securities
Source: ARETE Securities Ltd
14/09/2021 9:16:51 AM
India's Jet Airways to resume domestic operations in first quarter of 2022 Defunct airline Jet Airways is set to resume domestic operations in the first quarter of 2022, the Jalan Kalrock Consortium, the successful resolution applicant of the carrier, said on Monday.   (Reporting by Chandini Monnappa in Bengaluru; editing by Uttaresh.V)
India's Jet Airways to resume domestic operations in first quarter of 2022
India's Jet Airways to resume domestic operations in first quarter of 2022
Source: Reuters
13/09/2021 11:21:45 AM
Jet Airways touches roof on the buzz of starting airline service by Q1 of 2022 Jet Airways (India) is currently trading at its upper circuit limit of Rs. 80.30, up by 3.80 points or 4.97% from its previous closing of Rs. 76.50 on the BSE. The scrip opened at Rs. 80.30 and has touched a high and low of Rs. 80.30 and Rs. 80.30 respectively. So far 9598 shares were traded on the counter. The BSE group 'Z' stock of face value Rs. 10 has touched a 52 week high of Rs. 165.00 on 11-Jan-2021 and a 52 week low of Rs. 23.50 on 25-Sep-2020. Last one week high and ...
Jet Airways touches roof on the buzz of starting airline service by Q1 of 2022
Jet Airways touches roof on the buzz of starting airline service by Q1 of 2022
Source: Accord Fintech
3/09/2021 3:33:06 PM
Jet employees seek meeting with monitoring panel over dues As the resolution plan of Kalrock-Jalan consortium provides for significant haircut in repaying dues to Jet Airways' staff, a staff association has written to the seven-member monitoring committee seeking a virtual meeting to get clarity over the relief to be provided to the employees under the plan. Talking to IANS, Jet Aircraft Maintenance Engineers Welfare Association (JAMEWA) President Ashish Mohanty has said that the association first sent a mail seeking a virtual meeting last Mon...
Jet employees seek meeting with monitoring panel over dues
Jet employees seek meeting with monitoring panel over dues
Source: IANS
12/07/2021 9:17:57 AM
Jet staff to get plummeted relief, only Rs 52 cr earmarked for employees  It is not yet a happy ending for the Kalrock-Jalan consortium and the insolvency resolution process of Jet Airways, as employees of the grounded airline are unhappy with the relief they are being offered which is heavily slashed down from the actual claims. The admitted claims of employees stood at Rs 1,265 crore, while the consortium has proposed Rs 52 crore to settle their claims. According to employees, the airline owes at least Rs 3 lakh to each employee which may well go up t...
Jet staff to get plummeted relief, only Rs 52 cr earmarked for employees
Jet staff to get plummeted relief, only Rs 52 cr earmarked for employees
Source: IANS
11/07/2021 3:15:22 PM
Jet shares hit 5% upper circuit as monitoring panel put in place Shares of Jet Airways hit the 5 per cent upper circuit on Wednesday as the resolution process of the company has concluded and the seven-member monitoring committee has been constituted. Around 12.40 p.m., shares of Jet Airways were at Rs 133.10, higher by Rs 6.30 or 4.97 per cent from their previous close. In a regulatory filing, the airline said that the first meeting of Monitoring Committee was held on June 28, 2021. With the approval of the National Company Law Tribunal to the Ka...
Jet shares hit 5% upper circuit as monitoring panel put in place
Jet shares hit 5% upper circuit as monitoring panel put in place
Source: IANS
30/06/2021 1:39:05 PM
With NCLT nod to resolution plan, Jet Airways may fly again in 6 months The now-grounded Jet Airways is likely to take the skies again within six months from now. On Tuesday, the Mumbai bench of the National Company Law Tribunal (NCLT) approved the resolution plan of the Kalrock-Jalan Consortium and gave a 90-day time period to the DGCA and the Civil Aviation Ministry to allot the slots. Talking to IANS, Jet Aircraft Maintenance Engineers Welfare Association (JAMEWA) President Ashish Mohanty, said that as per the order, within 90 days, the Ministry and the ...
With NCLT nod to resolution plan, Jet Airways may fly again in 6 months
With NCLT nod to resolution plan, Jet Airways may fly again in 6 months
Source: IANS
23/06/2021 9:17:47 AM
NCLT approves Kalrock-Jalan resolution plan for Jet Airways  In a much-anticipated breakthrough in the Jet Airways resolution, the National Company Law Tribunal (NCLT) has approved the resolution of Kalrock-Jalan consortium for the bankrupt airline. The Mumbai-bench of the tribunal in its verdict on Tuesday gave 90 days to the aviation regulator DGCA and the Ministry of Civil Aviation to allot slots to Jet Airways. It said if the slot allotment is not completed within the stipulated timeline, then the tribunal may be approached for an exten...
NCLT approves Kalrock-Jalan resolution plan for Jet Airways
NCLT approves Kalrock-Jalan resolution plan for Jet Airways
Source: IANS
22/06/2021 4:08:09 PM
Jet Airways shareholders reject financial results for FY20 Shareholders of Jet Airways have rejected the financial results of the company for the financial year 2019-20. The 28th Annual General meeting (AGM) of the company was held on June 15, 2021 through video conference and other audio-visual means, the company said in a regulatory filing. "The business mentioned in the notice was transacted except Agenda No 1 (Ordinary Business) i.e, to receive, consider and adopt the Audited Standalone Financial Statement of the company for the FY end...
Jet Airways shareholders reject financial results for FY20
Jet Airways shareholders reject financial results for FY20
Source: IANS
17/06/2021 5:28:04 PM
Airlines blast Britain`s travel restart plan, Jet2 cancels holidays until June LONDON- British travel company Jet2 said it was cancelling holidays until late June, blaming uncertainty in UK government plans for restarting international travel, which were condemned by airlines. Flight operators had been counting on government proposals published on Friday to allow planning for a summer getaway season, but the industry criticised the release for not including a start date for travel or listing which countries would be open for holidaymakers. "We are extremely d...
Airlines blast Britain`s travel restart plan, Jet2 cancels holidays until June
Airlines blast Britain`s travel restart plan, Jet2 cancels holidays until June
Source: Reuters
9/04/2021 4:42:34 PM
MPs to raise Jet issue again; employees seek government help Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia  Download Telegram App before Joining the Channel Several MPs cutting across party lines have expressed their support for the early revival of the now grounded Jet Airways, saying that they will again raise the issue in the ongoing winter session of Parliament. At an event hosted here by Jet Airways...
MPs to raise Jet issue again; employees seek government help
MPs to raise Jet issue again; employees seek government help
Source: IANS
3/12/2019 10:05:13 AM
Strategic investors with ₹1,000 crore net worth can bid for Jet Airways
Strategic investors with ₹1,000 crore net worth can bid for Jet Airways
Strategic investors with ₹1,000 crore net worth can bid for Jet Airways
Source: HT Media
8/04/2019 1:54:31 PM