Jet Airways temporarily suspending their ops, is it definitive ?

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

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Jet Airways creditors will likely be forced into extending a 17 February 2020 deadline for the sale of the airline as the shortlisted bidders have yet to form bidding groups,
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TLspotting
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Re: Jet Airways temporarily suspending their ops, is it definitive ?

Post by TLspotting »

JetLite employees have moved the dedicated bankruptcy court to be part of the corporate insolvency resolution process of defunct Jet Airways.

Jet Airways committee of creditors will meet on 18 February 2020 to decide on giving more time to Prudent ARC, and possibly Synergy Group, to put in bids for the airline.
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sn26567
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Re: Jet Airways temporarily suspending their ops, is it definitive ?

Post by sn26567 »

TLspotting wrote:
19 Feb 2020, 08:47
Jet Airways committee of creditors will meet on 18 February 2020 to decide on giving more time to Prudent ARC, and possibly Synergy Group, to put in bids for the airline.
Jet Airways creditors decided to extend the deadline for submission of bids to 10 March 2020 as a new entity has evinced interest in the airline.
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Re: Jet Airways temporarily suspending their ops, is it definitive ?

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Jet Airways founder Naresh Goyal and his wife Anitato to face a criminal offence for allegedly cheating a Mumbai-based travel company to the tune of US$6.4 million.
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Re: Jet Airways temporarily suspending their ops, is it definitive ?

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Jet Airways has received interest from seven entities as the deadline to submit an EOI (expression of interest) expired on 28 May 2020. Synergy Group was among the latest candidates.
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Re: Jet Airways temporarily suspending their ops, is it definitive ?

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India’s Enforcement Directorate filed an intervention plea before a local court, requesting the judge to continue an ongoing probe against Jet Airways and its founder Naresh Goyal.
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Re: Jet Airways temporarily suspending their ops, is it definitive ?

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Umpteenth episode of the never-ending story: Jet Airways lenders have reportedly finalised four potential bidders who may submit a bid proposal to acquire a stake in the bankrupt airline by July 2020.
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