A year-and-a-half after the NCLT approved Jet Airway’s resolution plan, the Jalan-Kalrock consortium has failed to pay up, forcing lenders to reevaluate their options, bankers say
New owner the Jalan-Kalrock consortium informs NCLAT of its inability to pay additional money to clear provident fund and gratuity dues of around Rs 250 crore
The much awaited Jet Airways--Etihad deal is concluded thereby ending the eight month long wait. Analysts seem upbeat on the deal which will not only help it reduce debt by a fourth but will also represent an attractive exit for investor if the deal goes through smoothly.
The much-awaited Jet Airways and Etihad Airways deal is likely to finalise within a month, which was earlier suspected to be delayed till August, Sumit Jha of CNBC-TV18 reports quoting government sources.
SP Tulsian, sptulsian.com advises traders to buy Jet Airway around Rs 600 for smaller gains.
Prakash Diwan, Prakash Diwan's Wealth Circle is of the view that Jet Airway is a good pick.
Buy Kingfisher Airlines and Jet Airway on dips, says Aditya Agarwal, Sr Derivative Analyst of Way2Wealth Securities.
The market may have cheered Jet Airway’s deal with Godrej Properties to jointly develop its (Jet’s) land at Bandra Kurla Complex, but it could be a while before profits from the venture start rolling in.