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India’s Jet Airways slumps following Etihad bid report

India’s Jet Airways slumps following Etihad bid report:Shares of Jet Airways Ltd. fell as much as 11.4 percent on Monday after media reports said a buyout offer from Middle Eastern carrier Etihad Airways was non-binding and might not guarantee a deal for the struggling Indian carrier.Etihad, which owns a stake of about 24 percent in Jet, submitted a bid for the airline, representatives of the State Bank of India (SBI) unit overseeing the sale of the stricken carrier said on Friday. That had rais...
Tags: Travel, India, Etihad, Jet Airways, Etihad Airways, State Bank of India SBI, Rupert Neil Bumfrey, Jet Airways Ltd


Etihad emerges as only bidder for Jet AirwaysEtihad emerges as only bidder for Jet Airways

But Gulf carrier will not take a majority stake
Tags: Travel, Etihad, Jet Airways, Gulf


3 Links I Love: Jet is Another Etihad Failure, Pittsburgh Fight, Mr Awesome’s 727

This week’s featured link Jet Airways temporarily shuts operations as lenders refuse emergency funds – Times of IndiaI’m going to go ahead and call that headline misleading even if it may technically possibly be true. If Jet couldn’t get funding to keep flying, what’s the chance it can get money to actually make this a “temporary” grounding? My expectations are low, just like they are for every airline Etihad has invested in. Watch out, Virgin Australia. Let’s hope the Etihad curse someho...
Tags: Travel, La, Nashville, Abu Dhabi, Virgin Australia, Boeing, Etihad, Pittsburgh, Links I Love, Jet Airways, Calder, Miami Airport, Pittsburgh Post, Chris Sloan, MIA - Miami, Etihad Failure Pittsburgh Fight Mr Awesome


Jet Airways May Have Stopped Flying, But the Frequent Flyer Program Continues!

The JetPrivilege program has value. Last summer investment group Blackstone looked at buying it outright. Indeed the frequent flyer program has been preparing to operate independently of Jet Airways . Continue reading Jet Airways May Have Stopped Flying, But the Frequent Flyer Program Continues!...
Tags: Travel, Advice, Blackstone, Jet Airways, Jet Airways Continue


Jet Airways shares plummet after it suspends all flightsJet Airways shares plummet after it suspends all flights

CAA issues advice for passengers as hopes fade for carrie
Tags: Travel, Caa, Jet Airways, flightsJet Airways


Etihad stands by Jet Airways amid flight suspensions

Etihad stands by Jet Airways amid flight suspensions:Etihad Airways reiterated on Wednesday that it was still working with Jet Airways and its lenders to restructure the Indian airline, which has now temporarily suspended operations.A spokesperson for Abu Dhabi’s Etihad told Gulf News that its teams are assisting guests with their travel arrangements and rebooking those affected. Etihad owns a 24 per cent stake in Jet.“Following the announcement that Jet Airways has suspended operations, Etihad ...
Tags: Travel, Abu Dhabi, Etihad, Jet Airways, Etihad Airways, Gulf News, Rupert Neil Bumfrey


Jet Airways Suspends All Operations Indefinitely

Despite celebrating almost 26 years of commercial aviation service, Jet Airways has suspended all of its flights indefinitely in what is being called a “temporary” move, according to the information which has been posted to its official Internet web site. Based in Mumbai, Jet Airways was once the largest airline in India. It had a fleet of 115 airplanes and had codeshare arrangements and frequent flier partnerships with 21 airlines — including Delta Air Lines, which has issued this travel adviso...
Tags: Travel, India, Airlines, Jet Airways, Delta Air Lines, Mumbai Jet Airways


India’s Jet Airways suspending operations, no money to fly

NEW DELHI (AP) — Jet Airways, once India’s largest airline, says it is temporarily suspending all operations after failing to raise enough money to run its services. The company said Wednesday that it has been informed by its lenders, led by state-run State Bank of India, that they are unable to consider its request for […]
Tags: Travel, Business, News, India, Ap, World, New Delhi, Jet Airways, State Bank of India, Nation & World


India’s Jet Airways is Done

The largest private airline of India, which had a fleet of over 120 aircraft, is being grounded amidst debts to lessors, fuel suppliers, pilots, and banks. There's talk that this is 'only temporary' but once shut down airlines rarely start back up (and it's pretty much never a good idea for them to). At most branding gets purchased out of the ashes and a new carrier with a new business model might operate under the old name. Continue reading India’s Jet Airways is Done...
Tags: Travel, Advice, India, Jet Airways


Jet Airways fails to secure emergency fundsJet Airways fails to secure emergency funds

International flights to remain cancelled until April 18
Tags: Travel, Jet Airways




Rescue deal is no panacea for India's struggling Jet Airways | Reuters

Rescue deal is no panacea for India's struggling Jet Airways | Reuters:Jet Airways’ investors are cheering this week’s government-led rescue deal, but the cash-strapped Indian airline’s future looks mired in uncertainty as convincing a new investor to come on board may not be easy.The airline, which was on the brink of bankruptcy, was bailed out on Monday by state-run banks, which have temporarily taken a majority stake in the company, given it a new loan of $218 million and forced its chairman,...
Tags: Travel, India, Jet Airways, Reuters, Rupert Neil Bumfrey, Naresh Goyal


Jet Airways agrees rescue deal with creditors

Chairman praised for 'noble, large-hearted sacrifice'
Tags: Travel, Jet Airways


Jet Airways agrees rescue deal with creditorsJet Airways agrees rescue deal with creditors

Chairman praised for 'noble, large-hearted sacrifice'
Tags: Travel, Jet Airways, creditorsJet Airways


List of 40 Airlines Flying with Boeing 737 Max 8

Last Sunday, an Ethiopian Airlines passenger jet crashed minutes after take-off killing all 157 people on board and it was the Boing 737 Max 8. This is the exact same model of the tragic crash of Lion Air Flight JT610 which killed all 189 people on board last October. Two airlines accidents involving the same plane model prompt China to suspend all flights with Boeing 737 Max 8. ( = || []).push({}); We never flew with Boeing 737 Max 8 but on...
Tags: Travel, China, Air Canada, Malaysia, Airlines, Headline, Boeing, Bangkok, Southwest Airlines, Mauritius, United Airlines, Turkish Airlines, Jet Airways, Klia, Announcements / Press Releases / Statements, Others


Jet Airways founder agrees to step down, sources say; shares rise | Reuters

:Jet Airways’ founder Naresh Goyal has agreed to step down as chairman of the airline’s board, two sources with direct knowledge of the matter told Reuters on Thursday, as the cash-strapped Indian carrier struggles to finalize a rescue deal.Goyal, who founded the full-service carrier 25 years ago, has also agreed to reduce his 51 percent stake in the airline but would continue to be a part of the company in some capacity even after stepping down as chairman, one of the sources said.Shares of Jet...
Tags: Travel, Jet Airways, Reuters, Goyal, Rupert Neil Bumfrey, Naresh Goyal


Shareholders of India’s Jet Airways approve debt-for-equity swap

Shareholders of India’s Jet Airways approve debt-for-equity swap:India’s Jet Airways said late on Friday that its shareholders approved a plan to convert existing debt to equity, paving the way for the troubled company’s lenders to infuse funds and nominate directors to its board.Jet’s board last week approved a plan by lenders, led by State Bank of India, for an equity infusion, debt restructuring and the sale or sale-and-lease-back of aircraft.The plan will mean the lenders will have a bigger ...
Tags: Travel, India, Jet Airways, State Bank of India, Rupert Neil Bumfrey


Ask Me Anything: Owl in the Plane edition

So I am back at home after wandering around in India. I flew Jet Airways between BOM and LHR, and Virgin Atlantic between LHR and IAD. Talking of Jet Airways, an owl had offered to pilot one of their 777s. An owl was waiting for pilots this morning in Boeing 777-300ER’s cockpit prior flight to … Continue reading Ask Me Anything: Owl in the Plane edition
Tags: Travel, India, Boeing, Virgin Atlantic, Jet Airways, AMA -- Ask me anything, IAD Talking of Jet Airways


Jet Airways accepts Etihad's bailout terms, says report | ZAWYA MENA Edition

:Jet Airways Ltd has agreed to most conditions set by shareholder Etihad Airways for offering a lifeline to the debt-laden Indian carrier, the Business Standard newspaper said, sending Jet's shares soaring as much as 18 percent on Friday.Both airlines are set to sign a memorandum of understanding (MoU) within days, which would result in Jet Airways' founder and chairman Naresh Goyal reducing his stake to 22 percent from 51 percent and stepping down from the board, the report said.Etihad's stake ...
Tags: Travel, Etihad, Jet Airways, Etihad Airways, Business Standard, Rupert Neil Bumfrey, Naresh Goyal, Jet Airways Ltd


Etihad ‘could own 40% of India’s Jet Airways’

Etihad ‘could own 40% of India’s Jet Airways’:Jet Airways creditor State Bank of India is likely to own 15 percent of the airline if the cash-strapped carrier’s plan for a debt-for-equity swap is approved, Indian TV channels reported on Tuesday.With debts of about $1.14 billion, Jet has been hit by fierce competition from other low-cost carriers, a rupee depreciation and high oil prices. It owes money to banks, pilots, vendors and lessors, some of whom are considering taking back aircraft, sourc...
Tags: Travel, India, Etihad, Jet Airways, State Bank of India, Rupert Neil Bumfrey, Indian TV, Reuters Jet


Etihad hires turnaround expert Alvarez & Marsal as it weighs Jet Airways bailout | ZAWYA MENA Edition

Etihad hires turnaround expert Alvarez & Marsal as it weighs Jet Airways bailout | ZAWYA MENA Edition:Etihad Airways has appointed turnaround specialist Alvarez & Marsal to conduct due diligence on Jet Airways Ltd as it weighs bailing out the cash-strapped Indian carrier, three sources familiar with the matter told Reuters.Executives from Alvarez & Marsal are camped in Jet Airways’ offices in Mumbai and are taking stock of the airline’s operations and looking into its financial health and record...
Tags: Travel, Abu Dhabi, Mumbai, Etihad, Jet Airways, Reuters, Etihad Airways, Alvarez, Reuters Executives, Rupert Neil Bumfrey, Alvarez Marsal, Naresh Goyal, Jet Airways Ltd


India's SBI says lenders awaiting SEBI decision on Etihad offer for Jet Airways: paper | Reuters

India's SBI says lenders awaiting SEBI decision on Etihad offer for Jet Airways: paper | Reuters:The State Bank of India (SBI.NS) (SBI)-led consortium of lenders is waiting for India’s capital markets regulator to decide on a bailout offer by Etihad Airways for the financially stressed Jet Airways (JET.NS), SBI Chairman Rajnish Kumar said, the Business Standard reported on Saturday.The UAE-based carrier, which is a major shareholder in Jet, is seeking an exemption from the Securities and Exchang...
Tags: Travel, India, Etihad, Uae, Jet Airways, Reuters, Etihad Airways, SEBI, Securities and Exchange Board of India SEBI, SBI, Kumar, Business Standard, Rupert Neil Bumfrey, Rajnish Kumar, State Bank of India SBI NS SBI, Jet Airways JET NS SBI


Etihad offers to invest in Jet Airways at 49% discount

Etihad offers to invest in Jet Airways at 49% discount:Etihad Airways has offered to pick up shares of debt-laden Jet Airways Ltd at a 49 per cent discount and to immediately release $35 million (Dh128.55 million) to bail out the troubled carrier if certain conditions are met, CNBC-TV18 reported.Shares of Jet Airways, in which Etihad already has a 24 per cent stake, fell as much as 7.5 per cent to Rs271.75 ($3.83; Dh14.10) in their biggest intraday drop since early December, after CNBC-TV18 repo...
Tags: Travel, Etihad, Cnbc, Jet Airways, Etihad Airways, Rupert Neil Bumfrey, Tony Douglas, Jet Airways Ltd, State Bank of India Jet


#Qatar Airways CEO: not interested in Jet Airways as backed by 'enemy' state | Reuters

Qatar Airways CEO: not interested in Jet Airways as backed by 'enemy' state | Reuters:Qatar Airways will not buy a stake in Jet Airways (JET.NS) as a substantial portion of the debt-laden Indian carrier is held by Etihad Airways, whose owner Abu Dhabi is an “enemy” of Qatar, its CEO Akbar al-Baker said on Tuesday.Abu Dhabi is part of the United Arab Emirates that cut ties with Qatar in 2017 over accusations of supporting terrorism. Doha denies the charges. The UAE, together with Saudi Arabia, Eg...
Tags: Travel, Qatar, United Arab Emirates, Abu Dhabi, Mumbai, Bahrain, Etihad, Doha, Uae, Jet Airways, Reuters, Qatar Airways, Etihad Airways, Saudi Arabia Egypt, Akbar Al Baker, Rupert Neil Bumfrey


Etihad to raise stake in cash-strapped Jet Airways: source | Reuters

Etihad to raise stake in cash-strapped Jet Airways: source | Reuters:Etihad Airways, which owns 24 percent of debt-laden company Jet Airways (JET.NS), plans to increase its stake in the Indian airline, a source close to the Abu Dhabi carrier told Reuters on Monday.Shares in India’s Jet Airways jumped over 18 percent on Monday after CNBC TV18 reported earlier on Monday that founder and chairman Naresh Goyal was likely to step down from the board and give up majority control. The report also said ...
Tags: Travel, India, Abu Dhabi, Etihad, Cnbc, Jet Airways, Reuters, Etihad Airways, Goyal, Rupert Neil Bumfrey, Naresh Goyal, Jet Airways JET NS


Leaving on a Jet Plane

Today at 7 PM Eastern, I am leaving on a jet plane for Mumbai via London. Flight plan: IAD to LHR to BOM. Track flight from IAD to LHR: Virgin VS 22. Track flight from LHR to BOM: Jet Airways 9W 119. Bye for now.
Tags: Travel, London, Virgin, Mumbai, Jet Airways, Travelling Places


Loss-making Jet Airways misses bank payment

Airline blames 'temporary cashflow mismatch'
Tags: Travel, Jet Airways



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