Tag: Jet Airline

Jet Airways employees consortium, AdiGroup to bid for 75% of airline

NEW DELHI: In a first-of-its-kind initiative, a Jet Airways Employee Consortium and AdiGroup on Friday announced a partnership to bid for 75 per cent of the airlines through the NCLT process, members of the consortium said. The debt-laden company became the first domestic airliner to go into bankruptcy after the Mumbai Bench of the National […]

Jet Airways insolvency: Airline invites claims from creditors by July 4

NEW DELHI: The resolution professional for Jet Airways, which was admitted to the NCLT last week for bankruptcy, has invited claims from all creditors to the grounded airline. The airline owes over Rs 8,500 crore to a consortium of 26 banks led by State Bank, and over Rs 13,000 crore to the tens of hundreds […]

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