Jet Airways temporarily suspending their ops, is it definitive ?

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convair
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Re: Jet Airways' financial situation, can they be saved ?

Post by convair »

brabel wrote: 17 Apr 2019, 17:31 Maybe SN should open a route to India again.. Less competition hehe
(I know they aren't going to)
At least the SN Toronto flights should benefit from the withdrawal of 9W, but probably only a little as they were mostly continuation flights from India.

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Re: Jet Airways temporarily suspending their ops, is it definitive ?

Post by TLspotting »

Jet Airways lenders said they were “reasonably hopeful” that bidding process for the airline will end successfully and its temporary shutdown has significantly aggravated problems for the airline with potential investors asking lenders to take an upto-80% haircut on their US$1.2 billion debt. The bidders have also severely criticized the banks’ reluctance to release emergency loans.

IATA also suspended membership of the grounded airline of its clearing house system, a move that is likely to impact the refund process to passengers.
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Passenger
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Re: Jet Airways temporarily suspending their ops, is it definitive ?

Post by Passenger »

TLspotting wrote: 19 Apr 2019, 23:16 ...
The bidders have also severely criticized the banks’ reluctance to release emergency loans...
...
IATA also suspended membership of the grounded airline of its clearing house system, a move that is likely to impact the refund process to passengers.
...
They failed - and unfortunately, failures can happen (more often in aviation then in most other businesses).

But then, Jet Airways, don't blame the banks for not giving yet again loans to someone who will never be able to refund them. And don't blame IATA for the fact that you are unable to pay the outstanding salaries (three months apparently), to pay the outstanding invoices from your suppliers, to refund passengers and touroperators, ...

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Re: Jet Airways temporarily suspending their ops, is it definitive ?

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Re: Jet Airways temporarily suspending their ops, is it definitive ?

Post by TLspotting »

"SpiceJet will take over 35 737 of Jet, Air India to take over 5 777 of Jet, first liveries to be hybrid, to anticipate flights beginning"
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sn26567
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Re: Jet Airways temporarily suspending their ops, is it definitive ?

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SpiceJet has already absorbed over 500 employees, including 100 pilots, of the grounded Jet Airways and it is open to inducting more as it adds more aircraft and routes.
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Re: Jet Airways temporarily suspending their ops, is it definitive ?

Post by TLspotting »

Air India has now decided against leasing five grounded B777-300ERs of Jet Airways to fly on five international routes, as the aircraft need some maintenance.
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Re: Jet Airways temporarily suspending their ops, is it definitive ?

Post by sn26567 »

Jet Airways lenders were approached by a group of Gulf-based NRIs (non-resident Indians) who are ready to raise emergency funding to enable debt-ridden and cash-strapped to operate again.

Really?

Jet Airways minority shareholders have sought permission from SBI Capital Markets, which is running the bidding process for the cash-strapped airline, to present a proposal to lenders that would revive the airline.

Really?
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Re: Jet Airways temporarily suspending their ops, is it definitive ?

Post by Charlie Roy »

https://www.independent.co.uk/travel/ne ... 88881.html

British Airways to increase Heathrow to Mumbai starting June (at the expense of some Heathrow - Johannesburg frequencies).

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Re: Jet Airways temporarily suspending their ops, is it definitive ?

Post by sn-remember »

And the EY-9W partnership now wrecked, it is now being replaced with EK/SG codesharing partnership. All good for EK opening further up the conveted dxb-india connectivity.
https://economictimes.indiatimes.com/in ... 987605.cms

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Re: Jet Airways temporarily suspending their ops, is it definitive ?

Post by sn26567 »

Air Serbia to take Jet Airways slots at Heathrow

Etihad Airways will lease seven weekly slot pairs at London Heathrow Airport to Air Serbia. They were previously utilised by the now grounded Indian carrier Jet Airways.

https://www.exyuaviation.com/2019/04/ai ... ts-at.html
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Re: Jet Airways temporarily suspending their ops, is it definitive ?

Post by TLspotting »

LDN based AdiGro Group made an offer : Make Jet Airways back in the air on 1 July 2019, with 8000 to 9000 employees and 70 aircraft.
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Re: Jet Airways temporarily suspending their ops, is it definitive ?

Post by Passenger »

This is no fake news: on 22th May 2019, the Dutch trade court, province Noord-Holland, has declared the bankruptcy of Jet Airways Ltd (India). Because Jet Airways has an official presence in the Netherlands, Dutch bankruptcy legislation allows Dutch courts to do so. However, the Indian government (and/or Indian Justice) will most probably reject jurisdiction from the Dutch verdict in India.

Source:

Op 22-05-2019 is Jet Airways (India) Limited te Schiphol (Noord-Holland) door de rechtbank in Noord-Holland failliet verklaard. Als curator is aangesteld Mr. R. Mulder. Het insolventienummer van deze zaak is F.15/19/106. De (hoofd)activiteit van Jet Airways (India) Limited is luchtvaart. Er zijn (nog) geen verslagen beschikbaar.
https://www.faillissementsdossier.nl/nl ... mited.aspx

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luchtzak
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Re: Jet Airways temporarily suspending their ops, is it definitive ?

Post by luchtzak »

Perhaps the court is talking about the Jet Airways offices at Schiphol and not the entire company ?

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Re: Jet Airways temporarily suspending their ops, is it definitive ?

Post by Passenger »

luchtzak wrote: 22 May 2019, 12:20 Perhaps the court is talking about the Jet Airways offices at Schiphol and not the entire company?
No, it's Jet Airways India (Siroya Centre Sahar Airpo Andheri East Mumbai 400 099) that has been declared bankrupt. It's the same trade register reference for both the Dutch implant and the Indian head office:
https://www.kvk.nl/zoeken/?source=all&q ... te=kvk2014

But it was a unilateral court decision (verstekvonnis), without defence from Jet Airways. So most probably Jet Airways will go in appeal (but the court verdict stands till decision in appeal).

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Re: Jet Airways temporarily suspending their ops, is it definitive ?

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Mr Naresh Goyal (founder of Jet Airways) and his wife Anita Goyal travelling from Mumbai to London on EK 507 were restricted from leaving the country. The aircraft had reached the taxiway when it was recalled back and they were taken into custody by Immigration officers.
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Re: Jet Airways temporarily suspending their ops, is it definitive ?

Post by TLspotting »

sn26567 wrote: 25 May 2019, 16:08 Mr Naresh Goyal (founder of Jet Airways) and his wife Anita Goyal travelling from Mumbai to London on EK 507 were restricted from leaving the country. The aircraft had reached the taxiway when it was recalled back and they were taken into custody by Immigration officers.
He left without the agreement of the local police department, of Mumbai I suppose.
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sn26567
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Re: Jet Airways temporarily suspending their ops, is it definitive ?

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Jet Airways lenders to face bankruptcy proceedings initiated against the airline in a court based in the Netherlands, following the seizure of one of Jet Airways' B777s that was parked at Amsterdam Schiphol airport.
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Re: Jet Airways temporarily suspending their ops, is it definitive ?

Post by sn26567 »

Resurrection?

Jet Airways revival gathered fresh momentum from the country’s new federal government, with indications that it is keen to explore ways to get the airline back in the skies soon.
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Re: Jet Airways temporarily suspending their ops, is it definitive ?

Post by Passenger »

sn26567 wrote: 03 Jun 2019, 21:09 Resurrection?
Jet Airways revival gathered fresh momentum from the country’s new federal government, with indications that it is keen to explore ways to get the airline back in the skies soon.
First flight Jet Airways Bis is scheduled for 37th June 2018.

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