India's Jet Airways would be acquired by an investor consortium under a multi-million dollar resolution plan approved by the carrier's creditors on Saturday.
Investigators with India's antitrust watchdog have found no evidence that the country's biggest airline, IndiGo, and four rival carriers colluded to fix ticket prices, three sources with direct knowledge of the matter told Reuters.
Creditors' hopes of resurrecting India's Jet Airways and salvaging some value from the bankrupt airline were dealt a fresh blow on Monday as two potential investors said they were no longer interested in putting money into the business.
India's Ministry of Corporate Affairs on Thursday ordered an investigation into embattled Indian carrier Jet Airways over alleged mismanagement of funds
Indian Immigration authorities on Saturday stopped former Jet Airways chief Naresh Goyal and his wife from travelling to London, an official said, months after the debt-laden company grounded its fleet.
Jet Airways' pilots' union has appealed to India's top court to direct State Bank Of India (SBI) to release interim funding to try to revive the grounded airline, according to a court filing made on Tuesday ...
The top lender of ailing Jet Airways India Ltd said the burden of reversing the grounded carrier’s negative net worth before it can fly again is the biggest challenge for any potential investor.
A revival of Jet Airways India Ltd, once the nation’s biggest carrier by market value, is at risk as days roll by since its operations were completely halted.
Jet Airways Ltd shares plunged on Thursday, battered by fears about whether the grounded Indian airline would fly again, even as carriers like rival SpiceJet rushed in to plug a supply gap ...
Jet Airways shares plunged Tuesday amid reports the board of the stricken Indian airline would suspend all operations after lenders refused to release emergency funds to keep the carrier flying.
India's beleaguered Jet Airways was staring at a fresh crisis Sunday as hundreds of pilots and other top staff threatened to go on strike over unpaid salaries.
India's Jet Airways has been forced to ground more than three quarters of its fleet after failing to pay lessors, as the debt-laden carrier struggles to secure bailout funds promised by state-run banks.