jet airways


Stocks to watch out for on Tuesday, Aug 14: TCS, Max Health

Aug 14 2018 | 3 hrs ago

Indian markets expected to show mild uptick due to positive global cues. Asian currencies are trading higher.

Stocks to watch out for on Monday, Aug 13: IDBI Bank, PVR

Aug 13 2018

Indian markets set for negative start due to weak cues from U.S. markets.

Sebi looking into Jet Airways deferring quarterly results

Aug 10 2018

Sebi is looking into Jet Airways' deferring the announcement of June qtr results following reservations expressed by the airline's audit committee while stock exchanges have also sought information from the company, sources said.

Jet Airways shares slump after co defers first-quarter results

Aug 10 2018

Shares of India’s leading full-service carrier Jet Airways Ltd fell as much as 14.5 percent in early trade on Friday after the company deferred its first-quarter results.

Stocks to watch out for on Thursday, August 9: Tata Steel, HPCL

Aug 09 2018

Indian markets expected to open sideways due to mild weakness in Asian markets.

DGCA suspends licence of 2 Jet Airways pilots for runway incursion at Riyadh

Aug 06 2018

DGCA has suspended the flying licence of two Jet Airways pilots for attempting to take off an aircraft from a taxiway parallel to the runway at Riyadh airport in Saudi Arabia last week.

Jet Airways pilots, management lock horns over proposed pay cuts

Aug 03 2018

Jet Airways pilots and management are on a war path over salary reductions and possible job cuts at various departments, with the airline telling them that it might not be able to continue operations for more than two months, sources in the pilot community said.

Nifty, Sensex rise after two days of falls, financials lead

Aug 03 2018

The broader NSE Nifty was up 0.74 percent at 11,328.05 as of 0712 GMT (1242 IST), while the benchmark BSE Sensex was 0.75 percent higher at 37,445.13.

Jet Airways warns staff time and funds are running out: Source

Aug 03 2018

Jet Airways has told its pilots the airline may be grounded in 60 days unless cost-cutting measures including pay cuts are put in place, a senior company executive told Reuters.

Jet Airways slumps 6% in morning trade on bourses

Aug 03 2018

Shares of Jet Airways today slumped nearly 6 per cent in morning trade on the bourses after reports surfaced that the company's financials are in bad shape and drastic measures need to be taken to cut costs.

Indian Markets


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To decide on buy back of shares on Aug. 20


Co planning $400 Mn stake sale is speculative in nature

Jet Auditor BSR may quit if issues are not resolved is factually incorrect

Have been pro-actively working on multiple revenue enhancements

Evaluating various funding options to meet liquidity requirements on priority

Relationship with Etihad Airways very strong

No delays in discharging any loan obligations to any of the lenders

Default status in tabular statement only due to technical errors, rectified now

Clarifies that reports of stake sale are purely speculative

Also Clarifies that rumors of auditor quitting if issues not solved are factually incorrect

Seeks lenders help in bid to avoid default

Airline wants waiver of loan covenant on existing debt facility of $185mn

Co has to repay or refinance at least $500mn of existing debt to avoid default

Told lenders it won’t be able to meet min $50mn profit condition for FY19

Consortium of lenders yet to decide on Jet’s request

Airline’s total debt was Rs 9430 Cr as on 31st March 18

Mint reports


Have noticed a difference in your responses dated August 9 & 10

Clarify whether mgmt extension from audit committee as per Aug 10 response

Or did Audit Committee not recommend results to board as per Aug 9 response?

In Aug 10 response, details of "Certain Matters Not Closed" not provided

Provide exact reasons for which audit committee has not approved results

Again ask you to give us date when board meet to consider results will be held

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