Turnaround Plan News

Companies

Jet Airways creditors’ meet ends without a deal

While few details emerged from the meeting, officials said that Etihad Airways wanted Jet Airways promoter and founder Naresh Goyal to reduce his stake to 20% while being given a board seat

3 min read17 Jan 2019
Companies

Govt will professionalize Air India at all levels: Suresh Prabhu

The government has taken a number of measures, like having a very good board of directors, with distinguished industry leaders as independent directors, says civil aviation minister Suresh Prabhu

1 min read15 Jan 2019
Companies

Tata-Jet Airways deal said to be back on the table

With Jet Airways set to run out of cash in about a month, the Naresh Goyal-promoted airline is now looking to restart talks with Tata Group

2 min read10 Jan 2019
Companies

Jet Airways proposes late debt repayments to creditors

Jet Airways proposed a 'resolution plan' that would involve making payments on loans originally due in December, January and February in several tranches between March 31 and September 30

1 min read10 Jan 2019
Market

Jet Airways needs an overhaul, not just debt restructuring

There is little relief in sight for Jet Airways' investors in the near future unless a strategic buyer with deep pockets emerges and saves the day

2 min read22 Jan 2019
Companies

Banks propose $900 million turnaround plan for Jet Airways

The Jet Airways' debt resolution plan, if approved by all stakeholders, will trigger a change in Jet Airways' shareholding pattern, with founder chairman Naresh Goyal's stake falling below the current 51%

2 min read10 Jan 2019
Companies

JLR turnaround fails to dislodge short bond bets

JLR is pursuing a 2.5 billion-pound ($3.2 billion) turnaround plan after its parent, India's Tata Motors Ltd., posted larger-than-expected losses in the second quarter

1 min read20 Dec 2018
Companies

Air India to get ₹2,345 crore in fresh fund infusion from govt

The government fund infusion will help Air India meet its operational costs, though it is yet to receive from the government the modalities of utilizing the funds

2 min read21 Dec 2018
Companies

IL&FS lenders knock on RBI door seeking easier provisioning rules

Banks have two demands from RBIa six-month moratorium before bad loan provisioning norms kick in and, after the moratorium, application of standard provisioning norms for IL&FS loans

3 min read14 Dec 2018
Companies

Etihad flies in to rescue Jet Airways, will help raise loans

Etihad Airways offers to guarantee loans worth $150 million to keep Jet Airways operational

2 min read7 Dec 2018
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