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Jet Airways (India) Ltd (JET.NS)

JET.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Jet Airways Says Third Meeting Of Co's Committee Of Creditors Scheduled For Aug 26
Friday, 23 Aug 2019 

Aug 23 (Reuters) - Jet Airways (India) Ltd ::THIRD MEETING OF COMMITTEE OF CREDITORS OF JET AIRWAYS IS SCHEDULED TO BE HELD ON AUGUST 26.  Full Article

Jet Airways Says All Resolutions Passed By Committee Of Creditors With Requisite Majority
Tuesday, 6 Aug 2019 

Aug 6 (Reuters) - Jet Airways (India) Ltd ::ALL RESOLUTIONS, INCLUDING THAT FOR APPROVAL OF EVALUATION MATRIX, REQUEST FOR RESOLUTION PLAN, PASSED BY COC WITH REQUISITE MAJORITY.  Full Article

Jet Airways Says Committee Of Creditors Approved Resolution To Raise Interim Finance
Friday, 19 Jul 2019 

July 19 (Reuters) - Jet Airways (India) Ltd ::ALL RESOLUTIONS INCLUDING APPOINTMENT OF ASHISH CHHAWCHHARIA AS RESOLUTION PROFESSIONAL APPROVED BY REQUISITE MAJORITY.RESOLUTION TO RAISE INTERIM FINANCE, KEY TERMS FOR ELIGIBILITY CRITERIA FOR PROSPECTIVE RESOLUTION APPLICANTS APPROVED.  Full Article

SSP Says Some Airports Impacted By Grounding Of Boeing Max 737 Aircraft In North America
Friday, 19 Jul 2019 

July 19 (Reuters) - SSP Group PLC ::SSP GROUP PLC - THIRD QUARTER TRADING UPDATE.SSP GROUP PLC - QTRLY GROUP REVENUE INCREASED BY 9.2% ON A CONSTANT CURRENCY BASIS, COMPRISING LIKE-FOR-LIKE SALES GROWTH OF 2.0%.SSP GROUP PLC - LOOKING FORWARD, WE EXPECT NET GAINS IN FULL YEAR TO BE SLIGHTLY AHEAD OF OUR EXPECTATIONS AT AROUND 5%.SSP GROUP PLC - LOOKING FORWARD TO REST OF YEAR, WE ANTICIPATE LIKE-FOR-LIKE SALES GROWTH FOR GROUP TO BE AROUND 2.SSP GROUP PLC - LOOKING FORWARD TO FULL YEAR, OUR EXPECTATIONS REMAIN UNCHANGED.SSP - GOOD PERFORMANCES IN EGYPT, MIDDLE EAST SLIGHTLY OFFSET BY CESSATION OF OPERATIONS AT JET AIRWAYS IN INDIA AND SLOWER GROWTH IN CHINA.SSP - IN NORTH AMERICA SOME OF CO'S AIRPORTS HAVE BEEN IMPACTED BY GROUNDING OF BOEING MAX 737 AIRCRAFT, TRANSFER OF PASSENGERS AWAY FROM TERMINALS.SSP - FOR NINE MONTH PERIOD FROM 1 OCTOBER 2018 TO 30 JUNE 2019, TOTAL GROUP REVENUES INCREASED BY 7.6%, INCLUDING LFL SALES GROWTH OF 2.0%.  Full Article

National Company Law Tribunal Admits Insolvency Petition Against Jet Airways
Thursday, 20 Jun 2019 

June 20 (Reuters) - NCLT::ADMITS INSOLVENCY PETITION AGAINST JET AIRWAYS LTD.INSTRUCTED IRP TO FINISH INSOLVENCY PROCESS FOR JET AIRWAYS IN THREE MONTHS SINCE MATTER IS OF NATIONAL IMPORTANCE.IRP HAS TO SUBMIT FORTNIGHTLY PROGRESS REPORT ON JET.  Full Article

India Tribunal To Pass Order On Jet Airways Insolvency Case At 5 PM On Thursday
Thursday, 20 Jun 2019 

June 20 (Reuters) - :INDIA TRIBUNAL TO PASS ORDER ON JET AIRWAYS INSOLVENCY CASE AT 5 PM ON THURSDAY.  Full Article

Jet Airways Lenders Have Decided To Take Airline To NCLT - CNBC-TV18
Monday, 17 Jun 2019 

June 17 (Reuters) - :JET AIRWAYS LENDERS HAVE DECIDED TO TAKE AIRLINE TO NCLT - CNBC-TV18.  Full Article

NSE Says Security Of Jet Airways To Be Shifted To Trade To Trade Segment
Wednesday, 12 Jun 2019 

June 12 (Reuters) - NSE SAYS::NSE SAYS SECURITY OF JET AIRWAYS SHALL BE SHIFTED FROM ROLLING SEGMENT TO TRADE TO TRADE SEGMENT.NSE SAYS JET AIRWAYS FAILED TO PROVIDE CLEAR RESPONSES TO CLARIFICATIONS SOUGHT FROM EXCHANGES.NSE SAYS JET AIRWAYS IS 'NOT IN POSITION' TO DECLARE FY FINANCIAL RESULTS.NSE SAYS THERE ARE CONCERNS WITH REGARD TO CONTINUITY OF FLOW OF INFO FROM JET AIRWAYS WHICH IS VITAL FOR APPROPRIATE PRICE DISCOVERY IN SCRIP.NSE SAYS DUE TO ABOVE REASONS TRADING IN SCRIP MAY NOT REFLECT ACTUAL STATUS OF JET AIRWAYS.NSE SAYS W.E.F. JUNE 28, TILL FURTHER NOTICE, JET AIRWAYS SECURITY WILL BE SHIFTED TO TRADE FOR TRADE SEGMENT.NSE SAYS SETTLEMENT WILL HAPPEN ON GROSS BASIS WITH 100% UPFRONT MARGIN & 5% PRICE BAND IN TRADE FOR TRADE SEGMENT.  Full Article

India's Punjab National Bank Exec Says Jet Airways Not Classified As NPA Yet
Tuesday, 28 May 2019 

May 28 (Reuters) - Punjab National Bank Exec ::FRESH SLIPPAGE OF 67.10 BILLION RUPEES IN Q4; WRITE OFF OF 29.81 BILLION RUPEES IN QUARTER.PUNJAB NATIONAL BANK EXEC SAYS MIGHT GET WRITE BACK OF 40 BILLION RUPEES IN COMING QUARTERS FROM NCLT CASES.PUNJAB NATIONAL BANK EXEC SAYS JET AIRWAYS HAS NOT CLASSIFIED AS NPA YET.PUNJAB NATIONAL BANK EXEC SAYS HAVE MADE PROVISIONS FOR IL&FS AND JET AIRWAYS AS PER REGULATORY NORMS.PUNJAB NATIONAL BANK EXEC SAYS WE EXPECT A POSITIVE OUTCOME FROM JET AIRWAYS TALKS.PUNJAB NATIONAL BANK EXEC SAYS HAVE BEEN PROVIDING LIQUIDITY TO GOOD QUALITY NBFCS; WILL CONTINUE TO SUPPORT THE SECTOR.PUNJAB NATIONAL BANK EXEC SAYS YET TO HEAR ABOUT MERGER PLANS FROM GOVERNMENT.PUNJAB NATIONAL BANK EXEC SAYS FY20 BAD LOAN RECOVERY EXPECTED TO BE MORE THAN 200 BILLION RUPEES.PUNJAB NATIONAL BANK EXEC SAYS PNB'S JET AIRWAYS EXPOSURE IS LESS THAN 9 BILLION RUPEES.  Full Article

Dutch Court Declares India's Jet Airways Bankrupt - BTVI Citing Agencies
Wednesday, 22 May 2019 

May 22 (Reuters) - :DUTCH COURT DECLARES INDIA'S JET AIRWAYS BANKRUPT - BTVI CITING AGENCIES.  Full Article

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Jet Airways' creditors to recover only $300-$400 million in liquidation scenario

MUMBAI Creditors of India's bankrupt Jet Airways are likely to recover less than 10% of the carrier's total outstanding dues in a liquidation scenario if no suitor succeeds in buying the airline, two sources told Reuters.