A final deal has been struck with lenders and the State Bank Of India (SBI) who announced that they will go to court and file for Bankruptcy.
Man who had planted fake hijack letter in a Jet Airways flight, causing emergency landing, has been given life in jail and fined Rs 5 crore.
IndiGo has announced record profits, due to Jet Airways going out of business.
In a desperate, and probably the last call for funding, Jet Airways tries its best to remain afloat. It has shut down for now, unless it receives funding.
15th April is an extremely crucial day for Jet Airways and could well decide whether the debt-ridden airlines formally closes down or continues flying.
Amid uncertainty over future of Jet Airways, bids for selling stake in the company would be invited on 6th April and other options would be explored, in case the stake sale efforts does not result in
Jet Airways has not paid it’s pilots since December 2018. The pilots have threatened to stop flying if the airlines does not pay the salaries by 1st April 2019.
Indian Airlines such as Jet Airways, SpiceJet, Indigo and Go Air have grounded many of their aircrafts. This has lead to sharp increase in the price for air tickets. If the situation does not change,
Jet Airways introduces better offers for passengers who plan or cancel their tickets well in advance.