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The ED is conducting a probe against the Goyals and the defunct airline under the Prevention of Money Laundering Act and Foreign Exchange Management Act. (Reuters File photo)

Mumbai court closes cheating case against Naresh Goyal, his wife

By Charul Shah | Hindustan Times, Mumbai
UPDATED ON DEC 22, 2020 03:13 PM IST
Jet Airways, Naresh Goyal and his wife Anita were booked on charges of cheating and a criminal breach of trust in February this year by the MRA Marg police.
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The promoters contemplated starting a new airline but chose to stick with the Jet brand due its continuing value, connect with customers and important flight slots at various airports.(Abhijit Bhatlekar/Mint file photo)
The promoters contemplated starting a new airline but chose to stick with the Jet brand due its continuing value, connect with customers and important flight slots at various airports.(Abhijit Bhatlekar/Mint file photo)

Jet Airways gears up to take-off by the summer of ’21

By Malyaban Ghosh | Livemint, New Delhi
UPDATED ON DEC 08, 2020 06:34 AM IST
As per the resolution plan, Jet Airways intends to operate all of its historic domestic slots in India and restart international operations.
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Once India’s largest private carrier, Jet was forced to shut operations due to an acute cash crunch and heavy debt burden(Mint)
Once India’s largest private carrier, Jet was forced to shut operations due to an acute cash crunch and heavy debt burden(Mint)

Beleaguered Jet airways’ former employees eye a speedy take-off

By Rhik Kundu | Hindustan Times, New Delhi, New Delhi
PUBLISHED ON DEC 01, 2020 12:09 AM IST
Jet Airways, which had 22,000 employees at its peak, currently has 11,500 permanent employees and 1,500 contract workers.
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Jet airways Aircraft taxis for take off at Mumbai International Airport in Mumbai, on July 24, 2009.(File photo: Mint/ Abhijit Bhatlekar)
Jet airways Aircraft taxis for take off at Mumbai International Airport in Mumbai, on July 24, 2009.(File photo: Mint/ Abhijit Bhatlekar)

Bankrupt Jet Airways is world’s best-performing airline stock

By Bloomberg | Posted by Arpan Rai
UPDATED ON NOV 03, 2020 05:58 PM IST
Stock in Mumbai-listed Jet Airways India Ltd. has surged almost 150% this year versus a 42% plunge in the 27-member Bloomberg World Airlines Index, which comprises the globe’s biggest carriers.
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Jet airways Aircraft.(Mint)
Jet airways Aircraft.(Mint)

Jet Airways to chart a new flight path

By Shayan Ghosh and Rhik Kundu | Livemint, New Delhi/Mumbai
UPDATED ON OCT 20, 2020 03:20 AM IST
On Saturday, lenders to Jet Airways (India) Ltd accepted a Rs 1,000-crore bid by a consortium of UK-based Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan to revive and operate the airline that last flew on 17 April, 2019.
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Cash-strapped Jet Airways had halted its operations in April last year.
Cash-strapped Jet Airways had halted its operations in April last year.

‘Very tough, uncertain’: Experts on path to restart Jet Airways

By hindustantimes.com | Edited by: Amit Chaturvedi | Hindustan Times, New Delhi
UPDATED ON OCT 18, 2020 08:05 PM IST
The carrier’s creditors approved a multi-million dollar resolution plan on Saturday under which Jet Airways would be acquired by an investor consortium.
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After Jet halted operations, at least 280 slots were vacant in Mumbai and 160 in Delhi, which were then given to its rivals. The revival plan is also based on getting some of these slots back.(Satyabrata Tripathy/HT file photo)
After Jet halted operations, at least 280 slots were vacant in Mumbai and 160 in Delhi, which were then given to its rivals. The revival plan is also based on getting some of these slots back.(Satyabrata Tripathy/HT file photo)

Creditors approve Jet Airways resolution plan

By Reuters | Mumbai
UPDATED ON OCT 18, 2020 02:30 AM IST
The plan submitted by a consortium of London-based Kalrock Capital and UAE-based businessman Murari Lal Jalan comes after months of talks over the airline’s future and was confirmed in the regulatory filing, which gave no details of the deal.
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The plan remains subject to approvals from the bankruptcy court and the country’s airline regulator.(Mint)
The plan remains subject to approvals from the bankruptcy court and the country’s airline regulator.(Mint)

Jet Airways creditors agree to new owners after months of talks

By Reuters | Posted by Shivani Kumar | Mumbai, Maharashtra
UPDATED ON OCT 17, 2020 09:49 PM IST
A source close to the situation said the new owners had agreed to pump in 10 billion rupees ($136 million) as working capital for the revival of the airline. Another 10 billion rupees will be given to creditors over a period of five years.
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Jet airways aircraft at the Mumbai International Airport.(Abhijit Bhatlekar/Mint File Photo)
Jet airways aircraft at the Mumbai International Airport.(Abhijit Bhatlekar/Mint File Photo)

Jet Airways’ rescue postponed

By Rhik Kundu | Mint, New Delhi
UPDATED ON AUG 21, 2020 08:30 AM IST
The lenders-appointed resolution professional said the deadline for completing Jet Airways’ insolvency process has been extended due to the Covid-19-related restrictions.
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The bidders have been given two weeks to review the financial health of the company and firm up their bids(File photo)
The bidders have been given two weeks to review the financial health of the company and firm up their bids(File photo)

Crisis-hit Jet Airways shortlists four potential bidders

By Gopika Gopakumar | livemint, Mumbai
UPDATED ON JUN 26, 2020 03:46 AM IST
The resolution professional to crisis-hit Jet Airways has finalized four consortia of potential bidders who may submit a bid proposal after due diligence, according to two people aware of the matter.
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The cash-strapped Jet Airways, which was grounded in April 2019, owes more than Rs 8,000 crore to banks, with public sector lenders having significant exposure.(Mint file photo)
The cash-strapped Jet Airways, which was grounded in April 2019, owes more than Rs 8,000 crore to banks, with public sector lenders having significant exposure.(Mint file photo)

Jet Airways insolvency resolution professional seeks fresh EoI for defunct airline

By Press Trust of India| Posted by: Harshit Sabarwal | Mumbai
PUBLISHED ON MAY 13, 2020 12:26 PM IST
This is the fourth time that Expessions of Interest (EoI) has been invited for Jet Airways, which was shuttered last year.
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As understanding as we are of the airline’s policies, many of us have been surprised to find the opposite is not true.(Unsplash)
As understanding as we are of the airline’s policies, many of us have been surprised to find the opposite is not true.(Unsplash)

The Taste with Vir: Pity the poor passenger

By Vir Sanghvi | Hindustan Times
UPDATED ON APR 21, 2020 09:05 AM IST
By refusing to refund money to passengers, airlines have betrayed public trust and lost the moral right to a tax payer-funded bail out.
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Jet Airways founder Naresh Goyal’s house in Mumbai where ED officials are conducting raids.(ANI Photo)
Jet Airways founder Naresh Goyal’s house in Mumbai where ED officials are conducting raids.(ANI Photo)

Jet Airways founder Naresh Goyal booked for money laundering, house raided

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON MAR 05, 2020 01:28 PM IST
A Mumbai-based travel company has registered an FIR against Naresh Goyal and his wife for an alleged fraud of Rs 46 crore.
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File photo of Jet Airways’ founder Naresh Goyal.
File photo of Jet Airways’ founder Naresh Goyal.

ED books Jet Airways’ Naresh Goyal, his wife in alleged money laundering case

By HT Correspondent | Hindustan Times, Mumbai
UPDATED ON MAR 05, 2020 07:40 AM IST
Naresh Goyal was earlier probed by ED under the Foreign Exchange Management Act (FEMA) for alleged violations of foreign direct investment (FDI) norms.
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Ex-Jet Airways director Naresh Goyal(Reuters file photo)
Ex-Jet Airways director Naresh Goyal(Reuters file photo)

Ex-Jet Airways director Naresh Goyal, wife booked for cheating travel company

By Vijay Kumar Yadav | Hindustan Times, Mumbai
UPDATED ON FEB 23, 2020 07:16 AM IST
The MRA Marg police, following the orders of a metropolitan magistrate on Tuesday registered a complaint against Goyal and his wife under various sections of the Indian Penal Code
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File image of Mohammed Azharuddin(PTI)
File image of Mohammed Azharuddin(PTI)

Former India captain Azharuddin booked for allegedly cheating Maharashtra travel agent

By Indo Asian News Service | Aurangabad
UPDATED ON JAN 23, 2020 02:01 PM IST
The complaint was lodged by Shahab Y. Mohammed, 49, proprietor of Danish Tours & Travels here, a former executive with the defunct Jet Airways.
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GMR employees are seen at work at Terminal 3, IGI Airport.(Sanjeev Verma/HT PHOTO)
GMR employees are seen at work at Terminal 3, IGI Airport.(Sanjeev Verma/HT PHOTO)

Domestic air passenger traffic growth plummets to 3.7% in 2019

By Rhik Kundu | Hindustan Times, New Delhi
UPDATED ON JAN 21, 2020 04:19 AM IST
Domestic scheduled carriers carried 144.17 million passengers during 2019, against 138.98 million passengers in 2018, data issued by the Directorate General of Civil Aviation (DGCA) on Monday showed.
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Creditors are seeking fresh bids for Jet Airways after earlier getting interest from only a single company, Synergy Group Corp.(Mint File)
Creditors are seeking fresh bids for Jet Airways after earlier getting interest from only a single company, Synergy Group Corp.(Mint File)

Billionaire Hinduja brothers preparing bid to buy Jet Airways: Report

By Bijou George | Bloomberg
UPDATED ON DEC 30, 2019 11:29 PM IST
The UK-based group, run by brothers Gopichand Hinduja and Ashok Hinduja, plans to submit an expression of interest by the Jan 15 deadline
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An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S.(REUTERS)
An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S.(REUTERS)

Jet shuts shop, AI flight over North Pole: Highs and lows of aviation sector in 2019

By Neha LM Tripathi | Hindustan Times, Mumbai
UPDATED ON DEC 28, 2019 07:04 PM IST
While the domestic passenger numbers have recovered with other airlines taking over Jet’s flying slots, the international sector, where the airline was a major player, is yet to reach its pre-April figures.
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HT Image
HT Image

74-yr-old PMC Bank depositor dies of cardiac arrest

By Revati Krishna, Mumbai
UPDATED ON NOV 05, 2019 08:50 AM IST
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An official said that the airline was planning to have wide-body aircraft for long haul flights by next year.(HT photo/ Sonu Mehta)
An official said that the airline was planning to have wide-body aircraft for long haul flights by next year.(HT photo/ Sonu Mehta)

SpiceJet plans to operate wide-body planes next year

By Press Trust of India | New Delhi
PUBLISHED ON OCT 20, 2019 07:08 PM IST
The move comes amidst SpiceJet’s plan of expanding its operations with a final decision on wide-body aircraft yet to be taken .
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Vinay Dube, former Jet Airways CEO has joined budget carrier GoAir in an advisory role.(REUTERS Photo)
Vinay Dube, former Jet Airways CEO has joined budget carrier GoAir in an advisory role.(REUTERS Photo)

Former Jet Airways CEO Vinay Dube joins GoAir in advisory role

By Press Trust of India | Mumbai
UPDATED ON OCT 19, 2019 05:15 PM IST
According to the source, GoAir wanted to hire Vinay Dube for the position of the CEO, which is lying vacant since March this year.
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A senior DGCA official said 23,403 departures per week have been finalised, covering 103 airports.(File Photo)
A senior DGCA official said 23,403 departures per week have been finalised, covering 103 airports.(File Photo)

Domestic carriers to operate 23,403 flights per week during winter schedule

By Press Trust of India | New Delhi
UPDATED ON OCT 19, 2019 12:01 AM IST
The number of weekly flights in the upcoming winter schedule is 1.2% higher than 23,117 such flights operated during the previous winter schedule.
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Sanjay Gulati reportedly collapsed while eating after he returned from the protest and died of a stroke. It is not known if he was suffering from any medical condition.(Twitter)
Sanjay Gulati reportedly collapsed while eating after he returned from the protest and died of a stroke. It is not known if he was suffering from any medical condition.(Twitter)

Ex-Jet Airways staffer with Rs 90 lakh in PMC Bank dies of stroke day after protest

By Revati Krishna | Hindustan Times, Mumbai
UPDATED ON OCT 15, 2019 12:48 PM IST
Sanjay Gulati, a former employee of the now-defunct Jet Airways, held an account in the Oshiwara branch of PMC Bank and media reports suggested that he had Rs 90 lakh held up.
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In 2016-17, the airline placed an order for up to 205 MAX aircraft, including firm order for 155 such planes.(HT image)
In 2016-17, the airline placed an order for up to 205 MAX aircraft, including firm order for 155 such planes.(HT image)

SpiceJet to take four 737 MAX planes of Jet Airways

By Press Trust of India | New Delhi
UPDATED ON SEP 30, 2019 10:33 PM IST
SpiceJet has grounded its 13 MAX aircraft and globally, these planes have been barred from flying since March this year in the wake of two deadly crashes involving the aircraft.
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Air India will introduce a new flight connecting Mumbai to Dehradun and Varanasi.(REUTERS)
Air India will introduce a new flight connecting Mumbai to Dehradun and Varanasi.(REUTERS)

New Air India flight will connect Mumbai to Varanasi and Dehradun

By Neha LM Tripathi | Mumbai, Mumbai
UPDATED ON SEP 26, 2019 02:57 AM IST
The Airbus A319 aircraft will take off from Chhatrapati Shivaji Maharaj International Airport (CSMIA) at 10.25am and land at Dehradun’s Jolly Grant Airport at 12.40am.
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The travel industry is hopeful that the trend of clubbing weekends and public and festival holidays will be catalysing travel in India.(Photo: Ajay Aggarwal/ Hindustan Times)
The travel industry is hopeful that the trend of clubbing weekends and public and festival holidays will be catalysing travel in India.(Photo: Ajay Aggarwal/ Hindustan Times)

Travel industry hopeful of demand during festive season

By Faizan Haidar | Hindustan Times, New Delhi
UPDATED ON SEP 25, 2019 08:24 PM IST
Factors like India’s large migratory workforce heading back home to be with family for the festive season and people maximising home visit via an extended weekend with Gandhi Jayanti, followed by the Durga Puja/Navratri week and Dusshera promise lucrative days for travel sector.
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Jet Airways founder Naresh Goyal(Reuters file photo)
Jet Airways founder Naresh Goyal(Reuters file photo)

Jet Airways founder Naresh Goyal being grilled by Enforcement Directorate

By Pratik Salunke | Hindustan Times, Mumbai
UPDATED ON SEP 06, 2019 04:38 PM IST
The Enforcement Directorate (ED) had recently conducted searches at about a dozen premises of Naresh Goyal and his associates in New Delhi and Mumbai.
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Naresh Goyal, founder of the now-grounded Jet Airways, is not cooperating in the investigation in a case of alleged fraud of Rs 18,000 crore, the Centre claimed in the Delhi High Court.(Reuters Photo)
Naresh Goyal, founder of the now-grounded Jet Airways, is not cooperating in the investigation in a case of alleged fraud of Rs 18,000 crore, the Centre claimed in the Delhi High Court.(Reuters Photo)

Jet Airways founder Naresh Goyal not cooperating in probe: Centre to HC

By Press Trust of India | New Delhi
UPDATED ON AUG 23, 2019 07:22 PM IST
The government’s submission came during the hearing of Naresh Goyal’s plea for withdrawing his earlier petition which sought permission to travel abroad.
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The Enforcement Directorate conducted searches on Friday at the premises of Jet Airways founder Naresh Goyal in connection with a case of alleged contravention of the foreign exchange law.(REUTERS)
The Enforcement Directorate conducted searches on Friday at the premises of Jet Airways founder Naresh Goyal in connection with a case of alleged contravention of the foreign exchange law.(REUTERS)

ED conducts raids at Jet founder Naresh Goyal’s premises

By HT Correspondents | New Delhi/Mumbai
UPDATED ON AUG 24, 2019 01:41 AM IST
They said the searches are being carried out under the provisions of the Foreign Exchange Management Act (FEMA) and are aimed at gathering additional evidence.
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