Exercising its powers under Article 142 of the Constitution, the Supreme Court decided to liquidate Jet Airways after noting that JKC had not fulfilled key obligations.
Search Results: Jet Airways (1103)
Jet Airways’ lenders have alerted the Supreme Court that the Jalan-Kalrock Consortium (JKC) failed to fulfill a crucial condition for ownership transfer.
Sanjiv Kapoor, aviation veteran and former Jet Airways CEO said that his daughter was bumped from Iberia (IB) Madrid (MAD) to New York (JFK) flight due to overbooking.
Jet Airways, the National Company Law Appellate Tribunal (NCLAT) affirmed, on March 12, the transfer of ownership of the grounded airline to Jalan Kalrock Consortium (JKC).
Ace Aviation, engaged in a pursuit with Jet Airways for acquisition of three Boeing 777, expressed urgency to finalize deal within six months.
Jalan-Kalrock Consortium (JKC), the entity chosen as the successful resolution applicant for Jet Airways, has requested the Supreme Court’s permission to substitute a ₹150-crore performance bank guarantee with a new financial instrument
While Jet Airways endeavors to stage a comeback, some of its aircraft sit idle, covered in dust, as they await their uncertain fate. Each day they languish on the ground, their value steadily diminishes.
The former full-service carrier, Jet Airways is planning to restart its flights in 2024, marking its return five years after its notable collapse.
The Jalan Kalrock Consortium (JKC), the successful bidder for the revival of the grounded airline, recently injected ₹100 crore into Jet Airways, bringing their total investment in the airline to ₹250 crore.
Jet Airways founder Naresh Goyal has approached the Bombay High Court challenging his arrest. The Enforcement Directorate in connection with the alleged laundering of a Rs 538.62-crore loan given by Canara Bank for the airline.