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Jet Airways on Thursday posted a loss of Rs 587.77 crore for the quarter ended December 31 against profit of Rs 165.25 crore in the corresponding quarter last year. Revenue stood at Rs 6,147.98 crore in Q3FY19 over Rs 6,086.20 crore in Q3FY18. Its shareholders are in the process of finalising the debt resolution plan. Lenders led by SBI initiated the comprehensive plan under the RBI circular on February 12 last year..
The Economic Times | A Times Internet Limited product
Jet Airways on Thursday posted a loss of Rs 587.77 crore for the quarter ended December 31 against profit of Rs 165.25 crore in the corresponding quarter last year. Revenue stood at Rs 6,147.98 crore in Q3FY19 over Rs 6,086.20 crore in Q3FY18. Its shareholders are in the process of finalising the debt resolution plan. Lenders led by SBI initiated the comprehensive plan under the RBI circular on February 12 last year.
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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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Faced with AGR dues worth Rs 43,000 crore to the government, the board of telecom giant Bharti Airtel on Wednesday approved a plan to raise $3 billion via various modes including Qualified Institution Placement (QIPs), stake sale and debt papers.
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Watch Bharti Airtel board okays proposal to raise $3 billion via debt, equity With HD Quality
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The lenders of Jet Airways have proposed a trust to take care of Naresh Goyal and Etihad Airways' stake in the company. Et Now's Uttkarsh Chaturvedi has exclusively accessed lenders' plan to rescue the company. Watch to know the significance of trust and how many haircuts the lenders will take.
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Watch Jet Airways resolution- Lenders chalk out new plan for funding With HD Quality
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Mumbai: As Jet Airways announced the temporary suspension of its flight operations, the airline’s flight attendant Nidhi Chaphekar urged the Prime Minister Narendra Modi for urgent help to save the debt-ridden carrier.
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Watch Jet Airways employee urges PM Modi to ‘support’ the debt-ridden airline With HD Quality
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India's oldest private carrier suspended all operations temporarily on Wednesday, with no money to fly and banks refusing to lend any more. It has left more than 15,000 employees in the lurch. What will be the future of Jet Airways? Anirban Chowdhury has more.
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Watch The Jet saga: Possible outcomes | Jet Airways Crisis | Economic Times With HD Quality
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No last word from lenders on interim funding yet. But, we believe in Jet and will leave no stone unturned to resurrect Jet. We are in constant touch with lenders: Jet Airways CEO Vinay Dube
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Watch Jet Airways CEO Vinay Dube breaks his silence on Jet crisis With HD Quality
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Here are the top stocks that are likely to be in focus in today's trading.
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What is Wheat Beer? | व्हीट बीयर क्या है?
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भारत में पहला BAR कौन सा है? Which is the First BAR in India? Do you know?
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