ED raids Naresh Goyal’s residence and Jet Airways’ offices suspecting FDI violations

Alleging FDI violations during transaction with Etihad in 2014, the Enforcement Directorate is conducting searches at multiple Jet premises.

Jet Airways under scanner for alleged mismanagement of funds

The Ministry of Corporate Affairs (MCA) is probing into Jet Airways over alleged mismanagement of funds

Filling Jet Vaccum: SpiceJet inducts 100th aircraft

SpiceJet announced on Sunday the induction of Boeing 737 in their fleet | Becomes 4th domestic airline to own 100 aircraft. Budget airlines SpiceJet added another Boeing 737 to their fleet, taking their strength to 100. SpiceJet in a release…

Jet’s last stand: All eyes on Hinduja’s bid

UK-based Hinduja Group in fray to save drowning airline | ex-Chairman Naresh Goyal gives go ahead

Executive exodus continues as Hinduja enters Jet fray

Chief Executive Officer Vinay Dube also resigned, a day after grounded carrier Jet Airways’ Deputy Chief Executive and CFO Amit Agarwal stepped down citing personal reasons.

Jet CFO abandons ship amid sinking investment hopes

CFO Amit Agarwal latest in line to abandon ship | Etihad’s offer short of lender expectations | Dubai-based airline keen to stay on as minor investor

Jet Airways employees delegation meets FM Jaitley, requests transparent bidding

Jet Airways staff delegation meets Jaitley, demands transparent bidding process A delegation of Jet Airways employees on Saturday met Union Finance Minister Arun Jaitley at his residence here and apprises him of their demands including transparent bidding process. “We met…

Who is pushing Jet down the drain?

Lenders promised Rs. 1500 Crores funding to keep the airline flying. Then what went wrong? HEAD SHOT With no revival plans after multiple efforts Jet Airways stares at complete shutdown Jet’s lenders had promised Rs. 1500 Crore interim fund after…

A consortium led by SBI invites ‘Expressions of Interest’ for 75% stake sale in Jet Airways

SBI-led consortium invites EoIs for stake sale in Jet Airways A consortium of lenders led by State Bank of India (SBI) on Monday invited expressions of interest (EoIs) to buy a stake in financially-strapped Jet Airways and said prospective bidders…