Articles tagged “jet airways”

Grounding of Jet Airways Highlights Challenges of the India Market

Grounding of Jet Airways Highlights Challenges of the India Market

P R Sanjai , Bloomberg

So far, the airline seems to be going the way of now-defunct Kingfisher Airlines. As more time goes on, it will be harder and harder for Jet Airways to find investors.

3 days ago

Jet Airways Grounds Flights After Government Denies Funding

Jet Airways Grounds Flights After Government Denies Funding

P R Sanjai, Bloomberg

This has been coming for a while, but the end may be near for the airline. If it goes under, thousands of jobs will be at stake.

5 days ago

Jet Airways Battles to Stay Afloat

Jet Airways Battles to Stay Afloat

Anurag Kotoky, Bloomberg

The signs don't look good for Jet Airways. Once problems like this start to mount up, it can be difficult to find a way out.

1 week ago

Jet Airways Lenders Look to Sell 75 Percent Stake in Airline

Jet Airways Lenders Look to Sell 75 Percent Stake in Airline

Saloni Shukla and Anurag Kotoky, Bloomberg

The Jet Airways saga seems never ending. It'll be a brave investor that eventually takes control of the struggling airline.

2 weeks ago

Jet Airways Chairman Quits as Creditors Assert Control

Jet Airways Chairman Quits as Creditors Assert Control

Anurag Kotoky, Bloomberg

Jet Airways is now firmly in the hands of its creditors but will it be able to find someone else to take it over?

4 weeks ago

India’s Government May Want SpiceJet to Take Over Some of Jet Airways’ Assets

India’s Government May Want SpiceJet to Take Over Some of Jet Airways’ Assets

Saloni Shukla, Anto Antony and Anurag Kotoky, Bloomberg

Governments should probably get out of the airline match-making business. Either there's a valid business reason for a deal to happen, or it should not happen.

1 month ago

Lenders Propose Bailout to Save Beleaguered Indian Airline Jet Airways

Lenders Propose Bailout to Save Beleaguered Indian Airline Jet Airways

Anurag Kotoky, Bloomberg

Bloomberg reports Jet Airways has accumulated more losses in recent years than any publicly-traded Asian airline other than Pakistan International Airlines. That's remarkable, and it's probably a sign lenders should let the airline go. But that doesn't sound likely.

2 months ago

Jet Airways May Get a Lifeline From India’s Largest Bank

Jet Airways May Get a Lifeline From India’s Largest Bank

Saloni Shukla and P R Sanjai, Bloomberg

Jet Airways' key lenders, such as the State Bank of India, are weighing the decision whether to swap some loans for equity, according to Bloomberg. A deal like that would give the carrier, which defaulted on loan repayments in December, breathing room to cut costs.

3 months ago

India’s Jet Airways Looks to Swap Debt to Equity as Part of Rescue Plan

India’s Jet Airways Looks to Swap Debt to Equity as Part of Rescue Plan

Anurag Kotoky , Bloomberg

After months of negotiating, Jet Airways unveiled a rescue plan Monday. Will lenders see any real value in swapping debt for stock?

3 months ago

India’s Airlines Need to Shape Up

India’s Airlines Need to Shape Up

David Fickling, Bloomberg

India's airlines have to get their act together. Air India is on life support, and Jet Airways isn't far behind.

3 months ago

Jet Airways’ Near-Collapse Could Be a Tough Election Issue for India’s Prime Minister

Jet Airways’ Near-Collapse Could Be a Tough Election Issue for India’s Prime Minister

Vrishti Beniwal and Anurag Kotoky, Bloomberg

India's economic policies have made airfares way more affordable, which hasn't helped the struggling Jet Airways. If the prime minister doesn't figure out a rescue plan for the airline, it could be a vexing issue in an upcoming election.

3 months ago

How Jet Airways Was Left With So Few Good Options

How Jet Airways Was Left With So Few Good Options

Andy Mukherjee, Bloomberg

The indebted Jet Airways was outmaneuvered by its low-cost rival IndiGo's assertive pricing and greater efficiency. Now the carrier's choices are few and, as this analyst astutely points out, politically fraught.

4 months ago