A letter on behalf of the lenders was sent by Mashreq Bank to Jet Airways on Monday seeking a detailed response on loan repayments by 24 September
2 min read27 Sep 2018Jet Airways, controlled by Naresh Goyal, had a few quarters earlier started the process to reduce its non-fuel costs to improve its finances
2 min read29 Aug 2018Jet Airways said it had a negative net worth at the end of Q1FY19, after reporting a profit of 53.50 crore in Q1 FY18
3 min read27 Aug 2018Jet Airways' share prices are lower by 8.6% since the deferment of its Q1 results on 9 August
2 min read27 Aug 2018Jet Airways would consider cost-reduction measures and a turnaround plan at its 27 August board meeting, which would also take up June quarter results
1 min read22 Aug 2018A Moneycontrol report said today that Jet Airways is under scrutiny for alleged embezzlement of funds
1 min read21 Aug 2018Jet Airways told staff earlier this month it was running out of money, but the airline has denied this and said it is confident of cutting costs and keeping its planes flying
1 min read20 Aug 2018Jet Airways's management had previously deferred consideration of its Q1 results as the management, it said, needed more time to finalise accounts
1 min read17 Aug 2018Banks prefer that Jet Airways raises money from a share sale before they would commit to any fresh credit
3 min read14 Aug 2018Over the medium term, considering high fuel costs and pricing pressure and Jet Airways's financial position, it is possible that the bottom is yet to come for the company's shares
3 min read13 Aug 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared