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State Bank of India (SBI.BO)

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Latest Key Developments (Source: Significant Developments)

India's DGCA Says Would Ask Jet Airways For Concrete, Credible Revival Plan To Restart Ops
Thursday, 18 Apr 2019 

April 18 (Reuters) - Directorate General of Civil Aviation, Government of India::INDIA'S DGCA SAYS CONSEQUENT TO JET'S DECISION TO TEMPORARILY SUSPEND OPERATIONS BEYOND APRIL 17, DGCA WOULD TAKE ACTION FOLLOWING DUE PROCEDURE.INDIA'S DGCA SAYS WOULD ENDEAVOUR TO DO ITS BEST TO HELP THE COMPANY REVIVE ITS OPERATIONS WITHIN THE SET REGULATORY FRAMEWORK.INDIA'S DGCA SAYS WOULD BE ASKING JET AIRWAYS FOR CONCRETE & CREDIBLE REVIVAL PLAN TO RESTART SUSPENDED OPERATIONS.  Full Article

Jet Airways Temporarily Suspends Flight Operations
Wednesday, 17 Apr 2019 

April 17 (Reuters) - Jet Airways (India) Ltd ::SAYS JET AIRWAYS ANNOUNCES TEMPORARY SUSPENSION OF FLIGHT OPERATIONS.CO INFORMED BY SBI, ON BEHALF OF THE CONSORTIUM OF INDIAN LENDERS ON TUES, THAT THEY ARE UNABLE TO CONSIDER REQUEST FOR INTERIM FUNDING.AIRLINE WILL NOT BE ABLE TO PAY FOR FUEL OR OTHER CRITICAL SERVICES TO KEEP THE OPERATIONS GOING.WITH IMMEDIATE EFFECT, CO IS COMPELLED TO CANCEL ALL ITS INTERNATIONAL AND DOMESTIC FLIGHTS.LAST FLIGHT WILL OPERATE TODAY.INFORMED DGCA, AND MINISTRIES OF CIVIL AVIATION AND FINANCE AND OTHER RELEVANT GOVERNMENT INSTITUTIONS, OF THIS COURSE OF ACTION.ESSENTIAL SERVICES NEEDED TO SUPPORT GUEST SERVICES AND RE-COMMENCEMENT OF FLIGHT OPERATIONS WILL BE KEPT ONBOARD UNTIL FURTHER NOTICE.WILL NOW AWAIT THE BID FINALISATION PROCESS BY SBI AND THE CONSORTIUM OF INDIAN LENDERS.  Full Article

Jet Airways CEO Writes To Employees And Says Interim Funding Not Forthcoming From Lenders So Far- CNBC-TV18
Monday, 15 Apr 2019 

April 15 (Reuters) - :JET AIRWAYS CEO WRITES TO EMPLOYEES AND SAYS INTERIM FUNDING NOT FORTHCOMING FROM LENDERS SO FAR- CNBC-TV18.JET AIRWAYS SAYS EXTENDED CANCELLATION OF INTERNATIONAL OPERATIONS THROUGH THURSDAY, APRIL 19- CNBC-TV18.  Full Article

India Aviation Secy Says Jet Airways Has Money To Operate Only 6-7 Aircraft Over The Weekend - ET NOW
Friday, 12 Apr 2019 

April 12 (Reuters) - :INDIA AVIATION SECY SAYS JET AIRWAYS HAS SUSPENDED INTERNATIONAL OPERATIONS TILL MONDAY AFTERNOON - ET NOW.INDIA AVIATION SECY SAYS JET AIRWAYS HAS MONEY TO OPERATE ONLY 6-7 AIRCRAFT OVER THE WEEKEND - ET NOW.INDIA AVIATION SECY SAYS NUMBER OF AIRCRAFT TO BE OPERATED BY JET AFTER MONDAY AFTERNOON DEPENDS ON LENDERS' DECISION - ET NOW.  Full Article

India Aviation Secy Says Jet Airways Has Funds To Stay Afloat Till April 15 - TV
Friday, 12 Apr 2019 

April 12 (Reuters) - :INDIA AVIATION SECY SAYS JET AIRWAYS MET BANKERS ON FRIDAY ON INFUSION OF INTERIM FUNDING, WILL MEET LENDERS AGAIN ON MONDAY - TV.INDIA AVIATION SECY SAYS JET AIRWAYS HAS FUNDS TO STAY AFLOAT TILL APRIL 15 - TV.  Full Article

India's Civil Aviation Minister Asks Civil Aviation Secretary To Review Jet Airways' Issues - Tweet
Friday, 12 Apr 2019 

April 12 (Reuters) - Civil Aviation Minister, Suresh Prabhu::DIRECTED SECRETARY OF CIVIL AVIATION MINISTRY TO REVIEW ISSUES RELATED TO JET AIRWAYS, SAYS INDIA'S CIVIL AVIATION MINISTER- TWEET.ASKED SECRETARY TO TAKE NECESSARY STEPS TO MINIMISE PASSENGER INCONVENIENCE AND ENSURE THEIR SAFETY, SAYS INDIA'S CIVIL AVIATION MINISTER - TWEET.  Full Article

Jet Airways Lessor SMBC Aviation Applies To De-Register Three Planes - India Aviation Regulator
Tuesday, 9 Apr 2019 

April 9 (Reuters) - Jet Airways ::LESSORS APPLY FOR DE-REGISTRATION OF FOUR MORE PLANES LEASED TO AIRLINE - INDIA AVIATION REGULATOR.LESSOR SMBC AVIATION APPLIES TO DE-REGISTER THREE PLANES, AIRSPEED IRELAND APPLIES TO DE-REGISTER ONE - INDIA AVIATION REGULATOR.  Full Article

Jet Airways Lessors Apply For De-Registration Of Five More Planes - Aviation Regulator
Friday, 5 Apr 2019 

April 5 (Reuters) - Jet Airways (India) Ltd ::JET AIRWAYS LESSORS APPLY FOR DE-REGISTRATION OF FIVE MORE PLANES PLACED WITH JET - AVIATION REGULATOR.  Full Article

Lenders See No Change In Jet Airways Shareholding Post SC Order On Feb 12 Circular - BTVI, Citing Sources
Thursday, 4 Apr 2019 

April 4 (Reuters) - BTVI ::LENDERS SEE NO CHANGE IN JET AIRWAYS SHAREHOLDING POST SC ORDER ON FEB 12 CIRCULAR - BTVI, CITING SOURCES.  Full Article

Jet Airways India Former Chairman Goyal Says Agreed To Sacrifice Every Control & Interest In Co
Wednesday, 3 Apr 2019 

April 3 (Reuters) - Jet Airways (India) Ltd ::JET AIRWAYS INDIA FORMER CHAIRMAN NARESH GOYAL SAYS AGREED TO SACRIFICE EVERY CONTROL AND INTEREST IN CO.JET AIRWAYS INDIA FORMER CHAIRMAN GOYAL SAYS AGREED TO EACH AND EVERY TERM AND CONDITION LAID DOWN BY LENDERS IN A TIMELY MANNER.JET AIRWAYS INDIA FORMER CHAIRMAN GOYAL SAYS HAVE GIVEN ALL FACILITATION FOR IMPLEMENTATION OF RESOLUTION PLAN.JET AIRWAYS INDIA FORMER CHAIRMAN GOYAL SAYS "SIGNED ON THE DOTTED LINE" AS REQUIRED TO ENSURE RELEASE OF THE MUCH NEEDED FUNDS COMMITTED BY LENDERS.  Full Article

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Boeing axes 210 orders after India's Jet stops flying

Boeing Co removed 210 aircraft from its order backlog and took an impairment charge over customer financing losses on Wednesday following the near-collapse of India's Jet Airways.