The Union government has said that mobilising financial resources and ensuring efficient operations are the responsibility of Jet Airways and it has not role in raising funds for the ailing carrier.   Hardeep Singh Puri, minister of state for civil aviation (independent charge), while...
The Delhi High Court on Tuesday asked Jet Airways promoter Naresh Goyal to submit Rs 18,000 crore in bank guarantees in order to be allowed to travel abroad.   "If you can give Rs 18,000 crore as bank guarantee, then you can go," said Justice Suresh Kait while refusing to grant...
One sentence, in an article published in LiveMint, indicates why there are no suitors for Jet Airways, leading to bankers, mainly unaccountable public sector banks (PSBs), finally, opting for bankruptcy proceedings on 17th June. It says, “A senior banker involved in the discussions said one...

Grounded full service carrier Jet Airways' continues to lose its senior management level personnel, further damaging hopes of the airline's revival.   The latest to quit the company is Robin Kamark, the UAE-based Etihad Airways' nominee on the Board of the grounded...
Grounded Jet Airways' Chief Executive (CEO) Vinay Dube has become the latest senior executive to leave the company, further damaging hopes of the airline's revival.   According to a Jet Airways BSE filing on Tuesday: "We wish to inform you that Vinay Dube, Chief Executive Officer of...

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