The Economic Times | A Times Internet Limited product
Jet Airways pilots body, the National Aviator's Guild, Monday appealed the State Bank of India to release Rs 1,500 crore, which was proposed to be infused in the ailing carrier as part of a debt-restructuring plan last month. The airline is operating just 6-7 planes, with almost its entire fleet being grounded due to non-payment of rentals to lessors amid severe paucity of cash.
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Watch Jet Airways Pilots Seek PM Modi's intervention to save there jobs, Ask SBI for Funds With HD Quality.
The Economic Times | A Times Internet Limited product
Jet Airways pilots body, the National Aviator's Guild, Monday appealed the State Bank of India to release Rs 1,500 crore, which was proposed to be infused in the ailing carrier as part of a debt-restructuring plan last month. The airline is operating just 6-7 planes, with almost its entire fleet being grounded due to non-payment of rentals to lessors amid severe paucity of cash.
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Watch Jet Airways Pilots Seek PM Modi's intervention to save there jobs, Ask SBI for Funds With HD Quality
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Jet Airways Sold For One Rupee | Indian Airline Jet Airways Sold 50 % Of It's Stake For One Rupee Top Telugu TV
Debt-ravaged Jet Airways India, the country's biggest so-called full-service airline, is selling a majority stake for 1 rupee - a little more than 1 US cent. It's part of a bailout plan by its state-owned lenders that will give the airline time to arrange fresh equity. The complicated arrangement is on track to be voted through on February 21, in what would represent the rescue of one of the country's most visible companies at a sensitive time, with India's general election just weeks away.
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Jet Airways and its biggest lender SBI have finally inked a MoU, pursuant to which the airline has formally applied to the Ministry of Civil Aviation for exemption from the takeover code and open offer, ET Now's Nayantar Rai learns from her sources. Sources add the market regulator SEBI can approve this exemption if requested by the Ministry of Civil Aviation.
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The Economic Times | A Times Internet Limited product
Jet Airways' pilots, who are yet to receive a part of their November wages, have warned of 'non-cooperation' from March 1, should the outcome of discussions for further payouts be unsatisfactory, Jet's pilot union, National Aviator's Guild, said. The union has not yet clarified what action pilots might take.
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Watch Jet Airways' pilots warn of 'non-cooperation' from March 1 With HD Quality
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The Economic Times | A Times Internet Limited product
Sources says that the decision to defer the strike was taken as the pilots' body, which has about 1,100 pilots out of the total 1,600 under its umbrella, was divided over the call for strike till Sunday evening
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Watch Jet Airways pilots defer strike, Lender's meet in sight With HD Quality
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1,100 Jet Airways pilots will not fly today due to strike
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Jet Airways is likely to suspend its operations today as lenders have rejected its request for additional funds, according to a report of ET Now. ET Now, quoting its sources, claimed that the lenders have rejected its appeal for emergency funds worth Rs 400 crore to stay afloat. As per the report, Jet's last flight will take to the skies at 10.30 PM today.
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Watch Jet Airways faces imminent shutdown without emergency funds from lenders With HD Quality
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