ED arrests Jet Airways founder Naresh Goyal in ₹538 cr bank fraud case
Goyal is likely to be produced before a Special Prevention of Money Laundering Act (PMLA) in Mumbai today for remand.
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Resurrecting SpiceJet
The strategy to launch the cargo business has paid off, but Ajay Singh has to ensure adequate capital for the airline, while battling rising costs and stiff competition.
Jet Airways’ founder Naresh Goyal can’t leave India
While Delhi High Court refused Goyal permission to fly abroad, it asked him to deposit ₹18,000 crore as guarantee if he wished to travel. Meanwhile, Vijay Mallya’s extradition suffers a setback.
Jet Airways in search of a new flight path
Apart from the billions of dollars needed to resurrect the beleaguered airline, its re-entry into the low-cost carrier-dominated Indian aviation market is viewed with scepticism.
IndiGo’s billionaire troubles
Given IndiGo’s market domination, the reported rift between Rakesh Gangwal and Rahul Bhatia, the billionaire co-founders of the airline, could have an adverse impact on the Indian aviation industry.
Jet Airways: One man’s pain is another’s gain
The last two trading days saw Jet Airways’ stock plummet, while that of its competitors—SpiceJet and IndiGo—touched a 52-week high on Thursday.
Jet suspends operations after lenders deny critical funding
The airline said it is unable to pay for fuel and other services without interim funding.
Lender disagreement can spook Jet revival
A difference of opinion between the lenders can further queer the pitch for revival of the beleaguered airline.
SBI invites bids for beleaguered Jet Airways
The deadline for submission of bids is April 10.
Don’t write off Naresh Goyal yet
Naresh Goyal just needs ₹31.9 crore to raise his stake in Jet Airways to 26% and be able to block special resolutions of the board.
