Воскресенье, 21 Апреля, 2019

Debt-Laden Jet Airways Lenders Plan To Sell Up To 75% Stake

Naresh Goyal puts in bid to buy stake in Jet Airways Jet Airways Naresh Goyal
Jean Garcia | 17 Апреля, 2019, 19:11

Jet Airways on Thursday grounded its services to and from the East and Northeast regions and suspended its global operations till Monday.

Jet Airways aircrafts are seen parked at Chhatrapati Shivaji Maharaj International Airport in Mumbai, Monday, April 15, 2019.

Speaking to the BBC one pilot said, "We haven't been paid for the last four months".

The airline is operating just 6-7 planes, with nearly its entire fleet being grounded due to non-payment of rentals to lessors amid severe paucity of cash. The trade union, which has more than 1,100 pilots of the airline as its members, also asked Prime Minister Narendra Modi to help in saving 20,000 jobs at stake, the agency reported.

A senior member of the National Aviators' Guild (NAG) had said that the pilots would await the outcome of Monday's meeting.

Employees from jet Airways have contacted PM Modi, and in a desperate attempt, have requested him to save 20,000 jobs.

Hundreds of Jet Airways pilots gathered outside the airlines' headquarter at Siroya Centre in Mumbai today demanding their unpaid salaries. The Prime Minister's Office (PMO) had convened an urgent meeting on Friday to discuss the crisis after the airline could operate only 11 aircraft, leaving passengers stranded at various domestic and worldwide airports.

Читайте также: Ocasio-Cortez: Social Media Are A Public Health Risk To Everybody

After taking part in the meeting at the PMO, Kharola held a meeting through video conference with the management of Jet Airways.

Union civil aviation minister Suresh Prabhuwhile characterising the problems faced by Jet Airwaysas financial, said banks and the lenders are working on it.

Speculation is rife that Jet's ex-Chairman Naresh Goyal and six other parties have expressed their interests in the stake sale process. The airline, which is close to being shut down if its lenders don't transfer funds, had also deferred paying March salaries to all its employees.

The SBI-led group of lenders had last month taken control of the airline and agreed to provide an immediate funding support of Rs. 1,500 crore.

A Business Standard newspaper report on Sunday said Jet's lenders, led by the SBI, are considering a proposal to infuse 10 billion rupees ($145 million) to keep the airline afloat once Jet submits a plan on how it intends to use the money.

"As a proactive measure, Jet Airways has restricted sales on certain routes for a few days, in order to re-accommodate guests, who have unfortunately been inconvenienced by interim cancellations", the airline said.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2019 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Recommended

National Football League schedule will be released on Wednesday National Football League  schedule will be released on Wednesday We know from the league-wide announcement last week, that the Green Bay Packers and Chicago Bears would kick off the 2019 season. How many primetime games will the Redskins have in 2019? The Seahawks' 2019 opponents, meanwhile, are already set.

Denver schools on lockdown as woman accused of threats against Columbine Denver schools on lockdown as woman accused of threats against Columbine They include the Douglas County School District, Aurora Public Schools, Jefferson County Public Schools and Cherry Creek Schools. Schools throughout the city of Denver, Colorado will shut on Wednesday as authorities search for an "extremely dangerous" woman.

Notre Dame fire out, its treasures intact but rebuilding challenges ahead Notre Dame fire out, its treasures intact but rebuilding challenges ahead Notre-Dame was in the midst of renovations and industry sources said the contractor would have its own liability policy. However, investigators will be interviewing people who worked on the cathedral's roof, where the flames first started.

United must do ‘clever business’ to compete with European elite - Solskjaer United must do ‘clever business’ to compete with European elite - Solskjaer Messi's brilliance came as no surprise to Sanchez, who played alongside him at Barca before joining Arsenal. Here are some essential Opta facts as we get ever closer to finding out who will progress to the last four.

TikTok ban in India: Google blocks Chinese app after Madras HC order TikTok ban in India: Google blocks Chinese app after Madras HC order As per the proceedings in the Supreme Court today, the Madras High Court will hear the matter on ex parte ad interim order . The case is up for hearing in the Madras High Court, after which the SC will decide on its fate on 22nd April.

U.S. measles outbreak grows, 555 cases reported by CDC U.S.  measles outbreak grows, 555 cases reported by CDC Infections have also increased in wealthy countries with high overall immunisation rates, such as the United States and Israel. The measles outbreak that continues to spread across the U.S.is just one of many that are going on around the world this year.

2020 candidate Bernie Sanders releases 10 years of tax returns 2020 candidate Bernie Sanders releases 10 years of tax returns Bernie Sanders (I-VT) participates in a FOX News Town Hall at SteelStacks on April 15, 2019 in Bethlehem, Pennsylvania. This included $24,000 the couple overpaid, and for which they did not request a refund, according to tax returns.

Whispers, concern after Andrei Svechnikov destroyed by hero Alex Ovechkin Whispers, concern after Andrei Svechnikov destroyed by hero Alex Ovechkin Svechnikov may have lost the fight but his team won the battle on the night, as Carolina went on to win 5-0. Svechnikov scored two goals and tallied one assist in the Hurricanes' first two games in this series.

Three killed in Everest airport crash Three killed in Everest airport crash The incident took place as the aircraft lost control on the runway while preparing to take off and hit two parked helicopters. Seven people, including the country's tourism minister, were killed in February when a helicopter crashed in the hilly east.

Facebook Messenger Dark Mode is rolling out worldwide Facebook Messenger Dark Mode is rolling out worldwide Also on the agenda for iOS 13: new multitasking features for iPad, an improved Mail app, and a new "undo" gesture . Apple is also said to be bringing improved multitasking and a lot more besides.

Pixel 3a Launch Expected on May 7 at the Google I/O Keynote Pixel 3a Launch Expected on May 7 at the Google I/O Keynote Interestingly, this Google Store teaser simultaneously went live with a new Avengers: Endgame promotion. It includes the Pixel 3 + Marvel Studios' Avengers: Endgame video which you can check out below.

Trump blasts Omar as 'anti-Semitic' and 'anti Trump blasts Omar as 'anti-Semitic' and 'anti She previously came under fire for her comments about Israel and the strength of the Jewish state's influence in Washington. Critics accuse Omar of being flippant in describing the perpetrators of the attacks that killed almost 3000 people.

Rian Johnson and GOT Creators Plotting the Future of Star Wars Movies Rian Johnson and GOT Creators Plotting the Future of Star Wars Movies Whether it was an accident or not, we now know that a new LEGO Star Wars game is in the pipeline. Then Rian Johnson arrived and wrote The Last Jedi entirely.

Nothing could stop Joel Embiid in Nets demolition Nothing could stop Joel Embiid in Nets demolition It seems likely that the All-Star center will suit up, but as far as how many minutes he could see, that'll be the big question. But they needed someone to step up and be the focal point of the offense, and D'Angelo Russell was more than happy to comply.

Sudan forces move to disperse Khartoum sit-in, protesters vow to remain Sudan forces move to disperse Khartoum sit-in, protesters vow to remain The protesters say they can not believe the transitional military council's promise of easing its grip on the country. It has also called on the opposition to pick the next prime minister.