Chronicling The Jet Airways Saga: From Making History To Becoming It

The only consolation, perhaps, for Naresh Goyal – the airline’s affable founder – is that Jet Airways died a natural death (due to market forces); unlike the mass extinction, precipitated by the ongoing COVID-19 crisis, that awaits the airline industry at large.

India Inc. In Focus — BIG Scandals and Controversies of 2019

From the fall of Jet Airway to the PMC Bank Disaster — India Inc. was hit hard several times in the year bygone. Here are the most scandalous affairs that affected Corporate India in 2019.

Can Indigo-Etihad JV Save Air India Crash?

Etihad’s investment cannot go beyond 49% and while Indigo can go for the complete 100%, its current financial state won’t allow. However, chances of an Indigo-Etihad JV buying out Air India cannot be dismissed.

Jet Airways Revival On The Cards: Synergy Group Thrusts Ahead

Jet Airways, India’s oldest private airline, had to witness significant hardships as they ran out of cash and banks refrained from lending them any monetary help. But now with Synergy Group and two other bidders, a ray of hope has emerged.

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.

Delhi HC allows Naresh Goyal to withdraw plea to travel abroad

The Delhi High Court on Friday allowed Jet Airways founder Naresh Goyal to withdraw his plea seeking to travel abroad.

Jet Airways audit reveals embezzlement of funds

A SBI commissioned forensic audit of Jet Airways books has revealed embezzlement of funds relating to provision of loans and fraudulent billing for JP Miles.

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

Tata eyes Jet Airways assets to give further wings to Vistara

Jet Airways had told bankers as much when they sought to interest the group in a rescue plan before the carrier was sent to the bankruptcy court. The focus for the Tata Group will be assets it can use to step up and tap the space created by the exit of Jet, officials said.

AdiGroup partners with Jet employees to bid for 75 pc stake in the airline

Jet Airways Employee Consortium on Friday announced their partnership with AdiGroup to bid for the acquisition of 75 per cent stake in debt-ridden Jet Airways through the National Company Law Tribunal (NCLT) process.