Jet Airways crisis: This is the third time lenders extended the deadline after August 3 and 10. The third deadline for submission of Expression of Interest (EoI) ended on August 31.

Corporate India's interest outgo is growing faster than its operating income. As sectoral issues combine with a slowdown to pull down earnings, servicing debt could become more challenging

On the Bombay Stock Exchange (BSE), Jet Airways' stock gained as much as 4.90 per cent to Rs 41.75 apiece from Wednesday's close level of Rs 39.80 in an otherwise weak market

The airline's resolution professional Ashish Chhawchharia received an expression of interest from the overseas airline last week, well past the submission deadline of August 10

According to the probe agency, the investigation indicated that Naresh Goyal is the likely beneficial owner of some foreign bank accounts with huge deposits

\"Fictitious and inflated payments appear to have been made to some of these foreign entities under various airline lease agreements, aircraft maintenance agreements, among others.\"

After the grounding of Jet Airways, its slots as well as the international flying rights were temporarily allocated till September to other airlines, who could immediately launch new flight services and fill the supply gap

Aviation turbine fuel on average spiked 23 per cent in FY19 while the rupee depreciated over 8 per cent against the US dollar increasing operating costs for domestic carriers

Jet Airways stake sale: Etihad Airways which owns 24 per cent stake in Jet has not submitted its bid on Saturday. It was the last day of the bidding process which was extended for a week on August 3.

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Jet Airways Crisis: Etihad Airways and Hinduja Group which opted out of the fray to kick-start the airline earlier are likely to submit a joint Expression of Interest (EoI) to resurrect Jet.

In absolute terms, the total exposure is Rs 140 crore in two funds. In the first case, it is Rs 40 crore out of a fund size of Rs 5,500 crore, and Rs 100 crore in another fund of Rs 4,000 crore

The Jet Airways assets up for sale include 14 aircraft, including 10 Boeing planes, 49 per cent stake in Jet Privilege and a few buildings. The process is expected to be completed by September 20

Jet Airways crisis: Over 20,000 employees of Jet Airways are facing an unprecedented crisis since they have not been paid their salaries and wages since January

Lenders plan to call bids for Jet Airways' asset sale by July 20The lenders to the bankrupt Jet Airways, who met here Tuesday for the first time since the carrier was sent to the NCLT, are understood to have decided to call for expressions of interest to sell the meager assets of the airline by Saturday. The insolvency resolution professional for the airline Ashish Chhawchharia and the lenders led by State Bank will be laying down the bidding criteria, a source told PTI.Mukesh Amb...

Justice Suresh Kait said no interim relief can be granted to Goyal at this stage and added that he may deposit Rs 18,000 crore guarantee if he wants to travel to a foreign country now.