New Delhi | Civil aviation regulator, the Directorate General of Civil Aviation (DGCA) on Friday granted the air operator certificate (AOC) to Jet Airways, bringing the grounded airline yet another step closer towards relaunching of its services. The Naresh Goyal-founded airline operated its first commercial flight in May 1993 but had ceased operations in early 2019 […]
New Delhi: The much-awaited Jet Airways’ resolution is finally heading towards a success, with the resolution plan of Kalrock Capital and Murari Lal Jalan having been approved by the Committee of Crediors (CoC). Now, after the resolution process has been completed and the Kalrock-led consortium takes over the airline, the first task would be to retrieve […]
Mumbai: A customer with around Rs 90 lakh in the crisis-hit Punjab & Maharashtra Cooperative Bank Ltd has died. Sanjay Gulati had already lost his job earlier this year following the collapse of the Jet Airways, and now restrictions on his hard-earned savings may have taken away his life. With a specially-abled son at home, Gulati […]
New Delhi: The Enforcement Directorate, which carried out searches at the residence of Jet Airways founder Naresh Goyal, has got details of 19 companies held by him of which are five are located abroad and how money was siphoned off to other countries through dubious transactions. The ED has carried out searches at over 12 […]
New Delhi/Mumbai: The Enforcement Directorate (ED) on Friday carried out searches at over a dozen locations in Delhi and Mumbai, including at the residence of Jet Airways founder Naresh Goyal. A senior ED official told IANS that “searches are on at over a dozen locations in Delhi and Mumbai.” He said the residence of Jet Airways […]
New Delhi: The Delhi High Court on Tuesday asked Jet Airways promoter Naresh Goyal to submit Rs 18,000 crore in bank guarantees in order to be allowed to travel abroad. “If you can give Rs 18,000 crore as bank guarantee, then you can go,” said Justice Suresh Kait while refusing to grant interim relief to Goyal […]
New Delhi: The Delhi High Court on Tuesday refused to grant interim relief to Jet Airways promoter Naresh Goyal over his plea seeking to quash the Look Out Circular issued against him. A single judge bench presided by Justice Suresh Kait sought a response from the Centre and posted the matter for hearing on August 23. […]
New Delhi: The Ministry of Corporate Affairs (MCA) has asked the Serious Fraud Investigation Office (SFIO) to probe the alleged fund diversion and writing off investments by Jet Airways. The fresh investigation follows recommendation given by MCA’s Mumbai regional office after inspecting the airline’s books. In Jet Airways’ preliminary probe, Registrar of Companies RoC (Mumbai) told […]
Mumbai: Jet Airways saw one of the worst days of its trading history on Tuesday as investors distanced themselves from the grounded airline after its lenders decided to initiate bankruptcy proceedings to recover dues. Jet scrip hit their lowest point ever of Rs 32.25 per share, falling over 50 per cent before closing slightly higher […]
Ahmedabad: In the first conviction under the amended anti-hijacking law, a special National Investigation Agency (NIA) court on Tuesday sentenced a Mumbai-based businessman with a life term and a fine of Rs 5 crore for creating a hijack scare on a Mumbai-Delhi bound Jet Airways flight on October 30, 2017. Convicting Birju Kishor Salla for […]
