Jet Airways achieved legal triumph as NCLAT dismissed the creditor’s attempt to cash in a bank guarantee worth 1.5 billion rupees.
Jet Airways
On May 22, the National Company Law Appellate Tribunal (NCLAT) reserved judgement in a case brought by Jalan Kalrock Consortium (JKC), the management replacement for Jet Airways.
The upcoming Friday (May 19) holds significance for the Jalan Kalrock Consortium (JKC), the winning bidder for Jet Airways, as it marks the final day of their air operator’s permit (AOP) granted by the Directorate General of Civil Aviation.
JKC has expressed its commitment for Jet Airways comeback and is searching for a new CEO to replace Sanjiv Kapoor, who resigned on 28 April.
On Friday, the Central Bureau of Investigation (CBI) searched seven locations, including the Mumbai offices of Jet Airways and the residence of its founder, Naresh Goyal, concerning a bank fraud case.
Former Jet Airways (9W) CEO Sanjiv Kapoor has shared his thoughts on the temporary shutdown of Go First (G8) Airlines. He mentioned that the closure of G8 is not good for Indian passengers.
Sanjiv Kapoor, the CEO Designate of Jet Airways, announced that he is quitting the airline. Mr. Kapoor will step down from the position on May 1.
Sanjiv Kapoor, Jet Airways CEO resigns from the airline after being with the company for a year. Kapoor joined the airline in April 2022.
Kalrock Jalan consortium, which is set to acquire Jet Airways, is attempting to halt the sale of three Boeing 777s to a European airline.
Indian FSC Jet Airways Accountable Manager Captain P P Singh has resigned from the airline. He is the veteran Indian Air Force Pilot and…