Jet Airways said on Thursday that five planes had been grounded due to non-payment of dues to lessors, as reported to regulators.

Jet Airways' board approved the debt-to-equity swap resolution plan that will see a consortium of banks led by SBI emerge the largest shareholders with over a 50% stake while promoter Naresh Goyal will see his stake fall to 20-25% .

The Jet Airways share price opened lower at 224.15 and hit  an intra day low of 215 before heading north on the bourses. The Jet Airways share price has lost 68.51% during the last one year and fallen 14.24% since the beginning of this year.

While the airline claims that it is adjusting its flight schedule to stabilize operations after the chaos caused by the recent Delhi hailstorm, the buzz is that pilot and crew shortage is actually to blame. 

On top of it , the domestic carrier is offering up to 20% cash back if you pay with American express, RBL bank, Digibank by DBS, Air-tel payments bank and MasterCard.

Karti Chidambaram, son of former finance minister P Chidambaram, appeared before the Enforcement Directorate (ED) on Thursday in connection with a money laundering probe, the US has agreed to sell two state-of-the-art missile defence systems to Air India One and more news on the Daily News Blast

Robert vadra leaves ED office after nine hours of questioning on day 2After facing another round of interrogation, Rahul Gandhi's brother-in-law Robert Vadra left the Enforcement Directorate office after nine hours of questioning. Vadra, who was questioned in connection with a money laundering case, left ED office at around 9 pm after which his wife Priyanka Gandhi Vadra picked him up. The businessman was asked questions for the second consecutive day in connection with his alleged links to d...

SpiceJet's dues stood at Rs 105.71 crore against security deposit of Rs 124.22 crore, while that of GoAir was Rs 19.35 crore against security deposit of Rs 73.12 crore.