Sources say that the Jalan-Kalrock consortium may be forced to 'reset' the timeline to revive #JetAirways. Previously, it was to start by April, but now it may get pushed by 90 days. We report on the reset plans.
https://www.moneycontrol.com/news/business/jet-airways-insolvency-revival-plans-get-a-reset-as-boarding-time-gets-extended-6518471.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/jet-airways-insolvency-revival-plans-get-a-reset-as-boarding-time-gets-extended-6518471.html?utm_source=telegram&utm_medium=social
Moneycontrol
Jet Airways Insolvency: Revival Plans Get A 'reset' As Boarding Time Gets Extended
While the Jalan-Kalrock Capital consortium had planned to resume operations by summer 2021, this may now get pushed by 90 days. The combine is now using the additional time to fine-tune strategy
A seven-member monitoring committee will soon start managing the day-to-day affairs of @jetairways till the resolution process is complete: https://www.moneycontrol.com/news/business/jet-airways-seven-member-monitoring-panel-to-manage-airline-under-resolution-plan-7092091.html?utm_source=telegram&utm_medium=social
#JetAirways #AirLines
#JetAirways #AirLines
Moneycontrol
Seven-member monitoring panel to manage Jet Airways under resolution plan
The panel will include members appointed by the winning bidder Jalan Kalrock Consortium and the lenders. Ashish Chhawchharia has ceased to be the resolution professional of the airline, according to a regulatory filing.
Employees of #JetAirways are unhappy with the relief they are being offered which is heavily slashed down from the actual claims.
The consortium has proposed only Rs 52 crore to settle their claims. Read more at: https://www.moneycontrol.com/news/business/companies/jet-staff-to-get-plummeted-relief-only-rs-52-crore-earmarked-for-employees-7155871.html?utm_source=telegram&utm_medium=social
The consortium has proposed only Rs 52 crore to settle their claims. Read more at: https://www.moneycontrol.com/news/business/companies/jet-staff-to-get-plummeted-relief-only-rs-52-crore-earmarked-for-employees-7155871.html?utm_source=telegram&utm_medium=social
Moneycontrol
Jet Staff To Get Plummeted Relief, Only Rs 52 Crore Earmarked For Employees
According to employees, the airline owes at least Rs 3 lakh to each employee which may well go up to Rs 85 lakh, while now each employee is being offered a total of around Rs 23,000, which one employee, who did not want to be named, described as "peanuts".
A grouping of #JetAirways staff has sought the intervention of Jyotiraditya Scindia in addressing their issues with respect to the resolution plan of the Jalan Kalrock Consortium. Read 👇
https://www.moneycontrol.com/news/business/jet-airways-staff-grouping-seeks-jyotiraditya-scindias-intervention-to-resolve-issues-7242501.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/jet-airways-staff-grouping-seeks-jyotiraditya-scindias-intervention-to-resolve-issues-7242501.html?utm_source=telegram&utm_medium=social
Moneycontrol
Jet Airways: Staff grouping seeks Jyotiraditya Scindia's intervention to resolve issues
In a letter to the minister, the All India Jet Airways' Officers & Staff Association has requested him to take up their issues with the representatives of the consortium.
SNV Aviation, the proposed holding company for Rakesh Jhunjhunwala-promoted Akasa Air, has been registered using the personal address of former #JetAirways CEO Vinay Dube, Yaruqhullah Khan learns 👇
Read at: https://www.moneycontrol.com/news/business/snv-aviation-registered-to-vinay-dubeys-personal-address-shows-data-from-registrar-of-companies-7277351.html?utm_source=telegram&utm_medium=social
Read at: https://www.moneycontrol.com/news/business/snv-aviation-registered-to-vinay-dubeys-personal-address-shows-data-from-registrar-of-companies-7277351.html?utm_source=telegram&utm_medium=social
Moneycontrol
Rakesh Jhunjhunwala-promoted Akasa Air’s holding company SNV Aviation registered using Vinay Dubey's address
Last week, Dube said an application for a no-objection certificate has been sought from the aviation ministry for SNV Aviation, which will be the holding company for the proposed budget airline Akasa Air.
#IndiGo has been awarded night parking for its ATR 72-600 aircraft in #NewDelhi. The first of these starts operations today. Is IndiGo simply repeating the mistakes of #JetAirways? 🤔
Ameya Joshi finds out: https://www.moneycontrol.com/news/business/indigos-delhi-atr-base-can-be-a-double-edged-sword-7413801.html?utm_source=telegram&utm_medium=social
Ameya Joshi finds out: https://www.moneycontrol.com/news/business/indigos-delhi-atr-base-can-be-a-double-edged-sword-7413801.html?utm_source=telegram&utm_medium=social
Moneycontrol
IndiGo’s Delhi ATR Base Can Be A Double-edged Sword
IndiGo must consider the cost per seat, trip costs and passenger experience as it deploys ATRs
What happened after Naresh Goyal and an investment banker hired by Jet Airways approached SBI in 2019? An excerpt from former SBI chairman Rajnish Kumar’s ‘The Custodian of Trust’.
Read more at
https://www.moneycontrol.com/news/trends/features/excerpt-what-really-happened-at-jet-airways-a-bankers-perspective-7619871.html
#airlines #aviation #BookExcerpt #books #SBI #JetAirways
Read more at
https://www.moneycontrol.com/news/trends/features/excerpt-what-really-happened-at-jet-airways-a-bankers-perspective-7619871.html
#airlines #aviation #BookExcerpt #books #SBI #JetAirways
Moneycontrol
Book Excerpt | What Really Happened At Jet Airways: A Banker's Perspective
In 'The Custodian of Trust', former SBI chairman Rajnish Kumar shows how bankers sometimes get a ringside view of the most spectacular corporate implosions of our times.
What happened after Naresh Goyal and an investment banker hired by #JetAirways approached #SBI for a loan in 2019? An excerpt from former SBI chairman Rajnish Kumar’s ‘The Custodian of Trust’.
Read:
https://www.moneycontrol.com/news/trends/features/excerpt-what-really-happened-at-jet-airways-a-bankers-perspective-7619871.html?utm_source=telegram&utm_medium=social
Read:
https://www.moneycontrol.com/news/trends/features/excerpt-what-really-happened-at-jet-airways-a-bankers-perspective-7619871.html?utm_source=telegram&utm_medium=social
Moneycontrol
Book Excerpt | What Really Happened At Jet Airways: A Banker's Perspective
In 'The Custodian of Trust', former SBI chairman Rajnish Kumar shows how bankers sometimes get a ringside view of the most spectacular corporate implosions of our times.
#JetAirways is reportedly in talks with The Boeing Company and Airbus to place an order worth $12 billion: Report.
Read at
https://www.moneycontrol.com/news/business/jet-airways-in-talks-with-boeing-airbus-for-100-aircraft-worth-12-billion-report-7784691.html?utm_source=telegram&utm_medium=social
Read at
https://www.moneycontrol.com/news/business/jet-airways-in-talks-with-boeing-airbus-for-100-aircraft-worth-12-billion-report-7784691.html?utm_source=telegram&utm_medium=social
Moneycontrol
Jet Airways In Talks With Boeing, Airbus For 100 Aircraft Worth $12 Billion: Report
The new owners of Jet Airways – United Arab Emirates-based businessman Murari Lal Jalan and United Kingdom-based investment firm Kalrock Capital have told that the airline is planning to buy at least 100 narrow-body aircraft.
The Jalan Kalrock Consortium has approached the NCLT to fast track the implementation of the Approved Resolution Plan by infusing capital in #JetAirways.
Read at https://www.moneycontrol.com/news/business/jalan-kalrock-consortium-moves-nclt-to-fast-track-capital-infusion-in-jet-airways-7838381.html?utm_source=telegram&utm_medium=social
Read at https://www.moneycontrol.com/news/business/jalan-kalrock-consortium-moves-nclt-to-fast-track-capital-infusion-in-jet-airways-7838381.html?utm_source=telegram&utm_medium=social
Moneycontrol
Jalan Kalrock Consortium Moves NCLT To Fast Track Capital Infusion In Jet Airways
In its latest filing before the NCLT, Jalan Kalrock has intimated December 22, 2021, as its plan “effective date” and seeks to forthwith implement the plan as approved previously by NCLT in June 2021.
As Akasa, the ultra-low-cost airline backed by investor #RakeshJhunjhunwala prepares to take to the skies & #JetAirways attempts a comeback, they are seeking to hire pilots & other staff. ✈️✈️✈️
(By Ashwini Phadnis)
https://www.moneycontrol.com/news/business/airline-pilots-make-a-beeline-for-akasa-jet-airways-2-0-7862681.html
#Akasa #Airline #AirTravel
(By Ashwini Phadnis)
https://www.moneycontrol.com/news/business/airline-pilots-make-a-beeline-for-akasa-jet-airways-2-0-7862681.html
#Akasa #Airline #AirTravel
Moneycontrol
Airline Pilots Make A Beeline For Akasa, Jet Airways 2.0
India has about 17,000 pilots. It’s the first time in one-and-a-half decades, when aviation was in a boom phase, that pilots are expected to be in such high demand.
Ahead of the domestic relaunch in Q1 2022, Sudhir Gaur has stepped down as Jet Airways CEO today.
He will be replaced by former JetLite executive Captain PP Singh. ✈️
Read at
https://www.moneycontrol.com/news/business/sudhir-gaur-steps-down-as-jet-airways-ceo-ahead-of-relaunch-7904411.html
#CaptainPPSingh #JetAirways #SudhirGaur
He will be replaced by former JetLite executive Captain PP Singh. ✈️
Read at
https://www.moneycontrol.com/news/business/sudhir-gaur-steps-down-as-jet-airways-ceo-ahead-of-relaunch-7904411.html
#CaptainPPSingh #JetAirways #SudhirGaur
Moneycontrol
Jet Airways Interim CEO Sudhir Gaur Resigns, Captain PP Singh At The Helm
The private airliner is set to make a comeback after a resolution plan was approved last year to resume operations in 2022
The dynamics of Indian #aviation are set to change with #TataSons slated to take over the running of #AirIndia.
What are existing #airlines and soon-to-enter #AkasaAir & #JetAirways 2.0 doing to meet this changed environment?
Ashwin Phadnis finds out ⏬
https://www.moneycontrol.com/news/business/air-india-under-tatas-could-be-big-game-changer-for-indian-aviation-7938151.html?utm_source=telegram&utm_medium=social
What are existing #airlines and soon-to-enter #AkasaAir & #JetAirways 2.0 doing to meet this changed environment?
Ashwin Phadnis finds out ⏬
https://www.moneycontrol.com/news/business/air-india-under-tatas-could-be-big-game-changer-for-indian-aviation-7938151.html?utm_source=telegram&utm_medium=social
Moneycontrol
Air India Under Tatas Could Be ‘big Game-changer’ For Indian Aviation
IndiGo and SpiceJet will need to be wary of a revitalised Air India as they may have the most to lose in terms of domestic market share
In a cost-conscious market like India, #airline revenue is under severe pressure and ways to keep the costs low will decide the fate of #JetAirways as it attempts to become the first Indian airline to stage a comeback after shutting down.
https://www.moneycontrol.com/news/business/on-the-comeback-trail-jet-airways-creates-a-flutter-with-talk-of-a-hybrid-seat-configuration-8379341.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/on-the-comeback-trail-jet-airways-creates-a-flutter-with-talk-of-a-hybrid-seat-configuration-8379341.html?utm_source=telegram&utm_medium=social
Moneycontrol
On the comeback trail, Jet Airways creates a flutter with talk of a hybrid seat configuration
In a cost-conscious market like India, airline revenue is under severe pressure and ways to keep the costs low will decide the fate of Jet Airways as it attempts to become the first Indian airline to stage a comeback after shutting down
#JetAirways is taking to the skies again after a three-year hiatus. On its 29th birthday today, the airline completed a test #flight. ✈️
Watch the video here 👇
https://www.moneycontrol.com/news/trends/watch-jet-airways-flies-again-after-3-year-hiatus-on-29th-birthday-8459131.html?utm_source=telegram&utm_medium=social
Watch the video here 👇
https://www.moneycontrol.com/news/trends/watch-jet-airways-flies-again-after-3-year-hiatus-on-29th-birthday-8459131.html?utm_source=telegram&utm_medium=social
Moneycontrol
Watch: Jet Airways flies again after 3-year hiatus on 29th birthday
“Today, May 5, our 29th birthday, Jet Airways flew again!" the airline tweeted
#JustIn: The Jalan-Kalrock consortium has appointed Srihari Venugopal as the Vice President – Network Planning of #JetAirways.
Here's what you need to know ⏬
https://bit.ly/3O4twRp
Here's what you need to know ⏬
https://bit.ly/3O4twRp
Moneycontrol
Srihari Venugopal appointed as VP – Network Planning of Jet Airways
Tanay Palshetkar has been appointed as Assistant Vice President – Pricing and Revenue Management of Jet Airways
A viral video showing an argument between a passenger & a crew member on an #IndiGo plane ✈️
#JetAirways CEO #SanjivKapoor said it must have taken a lot for the professional to get to her breaking point
📹 Watch the video 👇
https://bit.ly/3WwffBi
#JetAirways CEO #SanjivKapoor said it must have taken a lot for the professional to get to her breaking point
📹 Watch the video 👇
https://bit.ly/3WwffBi
Moneycontrol
Jet Airways CEO Sanjiv Kapoor on IndiGo flight incident: ‘I have seen crew…'
A viral video showing an argument between a passenger and a crew member on an IndiGo plane sparked a debate about travellers' behaviour.
Why did #JetAirways CEO Sanjiv Kapoor strongly support the #Indigo crew member who had a scuffle with a passenger onboard an #Istanbul flight?
⚡️Watch as he joins us exclusively on Moneycontrol at 2:45 pm today - & join the discussion by commenting in the live chat box!
⚡️Watch as he joins us exclusively on Moneycontrol at 2:45 pm today - & join the discussion by commenting in the live chat box!
Why did #JetAirways CEO SanjivKapoor strongly support the #Indigo crew member who had a scuffle with a passenger onboard an #Istanbul flight❓
⚡️ Watch as he joins us exclusively on Moneycontrol at 2:45 pm today-& join the discussion by commenting in the live chat box!
🔴Live @ 2.45 PM 👇
https://www.youtube.com/watch?v=po46h_U-Nas
⚡️ Watch as he joins us exclusively on Moneycontrol at 2:45 pm today-& join the discussion by commenting in the live chat box!
🔴Live @ 2.45 PM 👇
https://www.youtube.com/watch?v=po46h_U-Nas
YouTube
Indigo Mid-Air Spat: Jet Airways CEO Sanjiv Kapoor "Takes A Lot To Get To Breaking Point"
Support has been pouring in for airline crew members after a video of a scuffle between an Indigo crew member & passenger onboard an Istanbul flight went viral. In the video, the air hostess can be seen shouting back at the passenger after he allegedly misbehaved…