NCLT clears transfer of Jet Airways ownership to Jalan Kalrock Consortium
The two sides -- JKC and creditors -- are having an ongoing dispute over the transfer of ownership of the airline on grounds of not meeting the agreed terms passed in the cleared resolution plan.
Jet promoters defend Sanjiv Kapoor’s designation
The consortium, the successful bidder of the defunct airline Jet Airways, has also asked Chhawchharia to remain within the ambit of his powers.
‘Don’t make statements’: Jet Airways' monitoring panel bars 'CEO' Kapoor from representing airline
Amid growing skepticism over Jet Airways’ revival, its new CEO Sanjiv Kapoor has been barred by the Monitoring Committee from representing the airline.
Mass exodus: Pilots, top executives exit Jet Airways as uncertainty continues
Jalan Kalrock consortium emerged as the winning bidder for Jet Airways under the insolvency resolution process in June 2021.
Jet Airways cuts salary, sends 10 per cent staff on leave
JKC in a statement on Friday noted it might take ‘difficult’ near-term decisions to manage cashflows. It also said they have not breached any terms of the insolvency resolution plan.
Turbulent times: Jet Airways cut salaries, send a lot of staff on leave without pay
The pay cut would be up to 50 percent and the quantum would be higher for the CEO and CFO.
Probes related to our promoter Fritsch will not impact Jet Airways buyout: Kalrock Capital
“If he (Fritsch) is charged with something serious, it definitely would be a setback for Jet Airways' revival. It is too early to comment anything more,” said the partner requesting anonymity.
Kalrock says probes against Florian Fritsch will have no impact on Jet Airways deal
As per reports, agencies in Liechtenstein, Switzerland and Austria raided Florian Fritsch, one of the investors trying to revive India's Jet Airways.
NCLAT asks Jet airways to pay PF, gratuity dues
The consortium won the bid through an insolvency resolution process for Jet Airways, which had stopped operations in April 2019 due to the financial crisis.
NCLAT directs Jet Airways' new owner to clear unpaid provident fund, gratuity dues
Five appeals have been filed by workmen and employees of Jet Airways (India) and three by operational creditors.
Jet Airways in advanced talks for leasing planes; expects to start ops in coming weeks
The once-storied carrier is now under the ownership of the Jalan-Kalrock consortium and its air operator certificate was revalidated by aviation regulator DGCA in May this year.
Mass sick leaves: IndiGo's technicians in Hyderabad, Delhi protest against low salaries
IndiGo had cut the salaries of a large section of its employees when the COVID-19 pandemic was at its peak.
'Direct SpiceJet to remove our livery from its planes': Jet Airways writes to DGCA
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Implementation of Jet Airways resolution plan subject to outcome of order, says NCLAT
A two-member bench of National Company Law Appellate Tribunal (NCLAT) said they would have to abide by the results of the appeals filed before it.
Jet Airways staff association challenges resolution plan
The plan submitted by the consortium of UK’s Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan was cleared by the Mumbai bench of the NCLT in June 2021.
Jet Airways staff association challenges airline's resolution plan before NCLAT
The plan was later cleared by the Mumbai bench of the National Company Law Tribunal (NCLT).
Akasa Air, Jet Airways 2.0 likely to launch operations in second quarter
Indian skies are all set to get crowded with new names, as Akasa Air and Jet Airways 2.0 are in the final stages to begin their maiden commercial flights.
Jet Airways appoints four new senior executives
The move comes after aviation regulator DGCA granted a revalidated Air Operator Certificate, allowing the airline to resume commercial flight operations.
Jet Airways gets operator rights, to fly by September
The revalidation of AOC enables Jet Airways, which went bankrupt and stopped flying nearly three years ago, to resume its scheduled commercial operations in India.
DGCA grants Jet Airways Air Operator Certificate, can resume commercial flight operations
The Jalan-Kalrock Consortium is currently the promoters of Jet Airways. The airline intends to restart commercial flight operations in the July-September quarter.
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