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Aditi Shah

Key Jet Airways lender SBI says bankruptcy 'last option', rescue almost ready

20 Mar 2019

NEW DELHI Bankruptcy is the "last option" for Jet Airways, State Bank of India's (SBI) chairman said on Wednesday, adding that it might still be possible to draft in a new investor to keep the airline flying.

SpiceJet in talks to lease some of Jet Airway's grounded planes: source

20 Mar 2019

NEW DELHI/BENGALURU India's SpiceJet Ltd could benefit from cash-strapped Jet Airways being forced to ground planes, and the low-cost carrier is in talks with lessors to lease some of those aircraft, a person with direct knowledge of the matter told Reuters.

UPDATE 1-SpiceJet in talks to lease some of Jet Airway's grounded planes - source

20 Mar 2019

* Jet Airways mostly has 737-800s in its fleet (Recasts with source on SpiceJet, background)

Jet Airways crisis worsens as Indian government steps in, pilots threaten strike

19 Mar 2019

NEW DELHI A crisis at India's Jet Airways deepened on Tuesday as an increasingly worried Indian government called for an emergency meeting, angry passengers demanded refunds and pilots threatened to go on strike over unpaid salaries.

Exclusive: India government asked banks to save Jet, avoid bankruptcy - sources

19 Mar 2019

NEW DELHI India's government has asked state-run banks to rescue privately held Jet Airways without pushing it into bankruptcy, as Prime Minister Narendra Modi seeks to avert thousands of job losses weeks before a general election, two people within the administration told Reuters.

Jet chairman tells pilots he needs more time to finalize rescue deal

18 Mar 2019

NEW DELHI Jet Airways' Chairman Naresh Goyal told the airline's pilots on Monday he needed "a further short time" to finalize a rescue deal for the cash-strapped Indian carrier as the process is complex.

RPT-EXCLUSIVE-Some lessors prepare to end aircraft lease deals with Jet - sources

16 Mar 2019

* Airline in talks with state-run banks, Etihad for a bailout

Jet Airways pilots seek government help to recover unpaid salaries, with interest

15 Mar 2019

NEW DELHI Cash-strapped Indian carrier Jet Airways' pilots union has for the first time sought government help to recover pending salaries and dues from the airline, saying pleas to management have fallen on deaf ears.

Exclusive: Some lessors prepare to end aircraft lease deals with Jet - sources

15 Mar 2019

NEW DELHI/SINGAPORE Some lessors of India's Jet Airways have begun terminating lease deals over unpaid dues and are preparing to move the leased planes abroad, escalating a crisis for the carrier, five sources with knowledge of the matter told Reuters.

Jet Airways pilots seek government help to recover unpaid salaries, with interest

15 Mar 2019

NEW DELHI Cash-strapped Indian carrier Jet Airways' pilots union has for the first time sought government help to recover pending salaries and dues from the airline, saying pleas to management have fallen on deaf ears.

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