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The Latest Breaking News from Jet Airways

Bankrupt regional airline begins liquidation process

The Supreme Court said that there is "no choice."

The Street

Anita Goyal, Jet Airways’ founder Naresh’s wife, passes away

Anita Goyal, wife of Jet Airways founder Naresh Goyal, passes away after battling cancer, impacting ongoing legal proceedings.

The Hindu

Supreme Court hears SBI consortium’s appeal against NCLAT verdict on Jet Airways transfer

Supreme Court hears SBI consortium's challenge to NCLAT's approval of Jalan-Kalrock consortium's resolution plan for Jet Airways.

The Hindu

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PMLA case: Jet Airways founder Naresh Goyal seeks interim bail to treat 'slow growing cancer'

Jet Airways founder Naresh Goyal, an accused in a money laundering case, has moved a plea before a special court seeking interim bail for treatment of malignancy, which was revealed during tests conducted by private doctors.

The Hindu

Bombay High Court dismisses Jet Airways founder Naresh Goyal's plea against 'illegal' arrest by ED

Jet Airways founder Naresh Goyal had filed a habeas corpus (produce the person) petition in which he claimed he was illegally arrested by the ED in the case.

The Hindu

ED attaches assets worth ₹538.05 crore in Jet Airways case

The Enforcement Directorate has provisionally attached assets worth ₹538.05 crore in connection with the money laundering probe against Jet Airways (India) Limited (JIL).

The Hindu

Jet Airways founder Naresh Goyal sent to judicial custody after ED custody ends

After the conclusion of his Enforcement Directorate (ED) custody, Jet Airways founder Naresh Goyal faced further legal proceedings as he was presented before a Special Prevention of Money Laundering Act (PMLA) Court today. Read further on Dynamite News:

Dynamite News

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Naresh Goyal sent to 14-day judicial custody in bank fraud case

Naresh Goyal, founder of Jet Airways, remanded to 14-day judicial custody in money laundering case linked to ₹538 crore fraud at Canara Bank. ED arrested Goyal on Sept 1 after questioning and produced him in court. CBI FIR registered against Goyal, wife and ex-company execs for alleged fraud of ₹538.62…

The Hindu

Morning Digest | India’s first solar observatory mission Aditya-L1 launches today; ED arrests Jet Airways founder Naresh Goyal in bank fraud case, and more

Read a daily selection of top stories from across India and the world by The Hindu to start your day

The Hindu

ED arrests Jet Airways founder Naresh Goyal in bank fraud case

The ED has arrested Jet Airways founder Naresh Goyal in a money laundering case linked to an alleged bank fraud of ₹538 crore at the Canara Bank

The Hindu

Gujarat HC acquits Mumbai businessman in aircraft grounding case

The special National Investigation Agency (NIA) court in Ahmedabad on June 11, 2019 sentenced Salla to life imprisonment under the Anti-Hijacking Act, 2016, and imposed a fine of ₹5 crore for leaving a hijack threat note on a Mumbai-Delhi flight in October 2017.

The Hindu

DGCA grants permit extension for Jet Airways

Jalan-Kalrock Consortium, the winning bidder for bankrupt Jet Airways, on July 31 said aviation regulator DGCA has renewed the airline’s air operator certificate.

The Hindu

ED conducts searches in Jet Airways case

ED searches multiple locations in Mumbai and Delhi in money laundering case related to Jet Airways. FIR registered by CBI. Company defaulted on payment and lenders initiated resolution exercise. Loan accounts of ₹728.66 crore, incl. ₹538.62 crore to Canara Bank, declared fraud.

The Hindu

Fewer seats the reason for soaring airfares this summer

India’s sick airlines have removed capacity or aircraft seats from the market faster than the speed at which their successful competitors have added them, forcing passengers to pay higher airfares this summer.

The Hindu

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The Hindu

You cannot hide behind advisories: K.C. Venugopal slams Aviation Minister Jyotiraditya Scindia over high airfares

Aviation Minister Jyotiraditya Scindia should take concrete action to control rising airfares rather than “hiding behind” advisories and quoting “random figures”, Congress leader K.C. Venugopal said on June 13, 2023

The Hindu

And another airline bites the dust

Given the many problems in India’s aviation sector, what is needed is professionals with knowledge to run airlines

The Hindu

Jet Airways CEO designate Sanjiv Kapoor quits

executive committee of JKC will oversee CEO-designate responsibilities

Dynamite News

Aviation Sector: Jet Airways To Reduce Salaries, Send Many Employees On Leave Without Pay

Jet Airways, which is yet to resume operations under its new owner, will reduce salaries for various staff and send many employees on leave without pay, amid uncertainty over resumption of its operations. Read on for details:

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The Independent UK

Flying to the rescue: can the boss of Indian airline Vistara untangle the red tape?

Plane Talk: ‘We’ll urge them to make sure that travel becomes easier’ says Vinod Kannan

The Hindu

Akasa Air releases the first look of its aircraft

To induct first aircraft next month

The Hindu

Chennai airport to gain from resumption of services by Jet Airways

Airport officials expect the traffic to increase by 15% to 20%

The Hindu

Jet Airways gets DGCA nod to start commercial flights

NCLT is now expected to transfer ownership of airline to Jalan-Kalrock consortium

The Hindu

Jet Airways takes to skies after three years for test flight

DGCA expected to schedule proving flights next week for the airline’s AOC

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