Jet Airways

05 Apr 2019

29 Mar 2019

25 Mar 2019

Twenty-five years after founding Jet Airways, Naresh Goyal and his wife Anita Goyal will exit the board of the airline, allowing lenders led by State Bank of India to infuse Rs1,500-crore funds into the beleaguered carrier

20 Mar 2019

Jet’s financial woes has fuelled a pileup of grounded planes as carriers operating on truncated fleet alter schedules, curtail flights and hike airfares during a busy season

18 Mar 2019

12 Mar 2019

Under the financing agreement, promoter group stake in Jet Airways will come down to 17 per cent from 51 per cent, while Etihad will retain 24.9 per cent stake and lenders will gain 29.5 per cent through conversion of debt and fresh equity infusion, with the remaining going to a new investor

01 Mar 2019

Goyal has also agreed to reduce his 51 per cent stake in the full-service carrier, but will continue to be a part of the company in some capacity even after stepping down as chairman

15 Feb 2019

The airline aims to increase authorised share capital to Rs2,200 crore, which would include Rs680 crore of equity capital and Rs1,520 crore of preference share capital, leaving Naresh Goyal with just 20 per cent or lesser stake

30 Jan 2019

18 Jan 2019

With Ethihad taking 25 per cent and SBI another 20 per cent equity stake under the proposed debt resolution plan, Goel will have to dilute his 51 per cent stake well below the takeover trigger, which he does not want