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The Latest Breaking News from Jet Airways

Naresh Goyal seeks discharge from money laundering case; court asks prosecution to reply to plea

Naresh Goyal has submitted a request for discharge in connection with a money laundering case involving an alleged bank fraud amounting to Rs 538.62 crore. A special court is scheduled to consider Goyal's plea on August 17. He was taken into custody by the Enforcement Directorate in September 2023 and…

The Economic Times

Court allows Jet Airways founder Naresh Goyal to travel to London for medical consultation

A Mumbai court has permitted Jet Airways founder Naresh Goyal to travel to London for four weeks. Goyal, facing money laundering charges, sought expert medical consultation for serious ailments. The court acknowledged his human right to seek treatment abroad. Despite opposition from the Enforcement Directorate citing flight risk, the judge…

The Economic Times

IndiGo’s dominance is not about ‘success’. Here’s what Sanjeev Sanyal overlooked in his ANI interview

When Sanjeev Sanyal, Principal Economic Adviser in the Ministry of Finance, argued in a recent ANI interview with Smita Prakash that IndiGo’s dominance is not the real issue because “you can’t tax success” and that policy should instead “ensure churn”, he was appealing to a familiar liberalisation-era instinct in Indian…

Newslaundry

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Indigo: Why India is held hostage by one airline

It was October 1988. Me, my mother, and my younger sister were supposed to fly in an Indian Airlines flight, from Ranchi, in what was then Bihar, to Srinagar, in Jammu and Kashmir, with an overnight stop at Delhi, to attend my father’s younger brother’s wedding.

Newslaundry

Anita Goyal, Jet Airways’ founder Naresh’s wife, passes away

Anita Goyal, wife of Jet Airways founder Naresh Goyal, passes away after battling cancer, impacting ongoing legal proceedings.

The Hindu

Supreme Court hears SBI consortium’s appeal against NCLAT verdict on Jet Airways transfer

Supreme Court hears SBI consortium's challenge to NCLAT's approval of Jalan-Kalrock consortium's resolution plan for Jet Airways.

The Hindu

PMLA case: Jet Airways founder Naresh Goyal seeks interim bail to treat 'slow growing cancer'

Jet Airways founder Naresh Goyal, an accused in a money laundering case, has moved a plea before a special court seeking interim bail for treatment of malignancy, which was revealed during tests conducted by private doctors.

The Hindu

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Bombay High Court dismisses Jet Airways founder Naresh Goyal's plea against 'illegal' arrest by ED

Jet Airways founder Naresh Goyal had filed a habeas corpus (produce the person) petition in which he claimed he was illegally arrested by the ED in the case.

The Hindu

ED attaches assets worth ₹538.05 crore in Jet Airways case

The Enforcement Directorate has provisionally attached assets worth ₹538.05 crore in connection with the money laundering probe against Jet Airways (India) Limited (JIL).

The Hindu

Jet Airways founder Naresh Goyal sent to judicial custody after ED custody ends

After the conclusion of his Enforcement Directorate (ED) custody, Jet Airways founder Naresh Goyal faced further legal proceedings as he was presented before a Special Prevention of Money Laundering Act (PMLA) Court today. Read further on Dynamite News:

Dynamite News

Naresh Goyal sent to 14-day judicial custody in bank fraud case

Naresh Goyal, founder of Jet Airways, remanded to 14-day judicial custody in money laundering case linked to ₹538 crore fraud at Canara Bank. ED arrested Goyal on Sept 1 after questioning and produced him in court. CBI FIR registered against Goyal, wife and ex-company execs for alleged fraud of ₹538.62…

The Hindu

Morning Digest | India’s first solar observatory mission Aditya-L1 launches today; ED arrests Jet Airways founder Naresh Goyal in bank fraud case, and more

Read a daily selection of top stories from across India and the world by The Hindu to start your day

The Hindu

ED arrests Jet Airways founder Naresh Goyal in bank fraud case

The ED has arrested Jet Airways founder Naresh Goyal in a money laundering case linked to an alleged bank fraud of ₹538 crore at the Canara Bank

The Hindu

Gujarat HC acquits Mumbai businessman in aircraft grounding case

The special National Investigation Agency (NIA) court in Ahmedabad on June 11, 2019 sentenced Salla to life imprisonment under the Anti-Hijacking Act, 2016, and imposed a fine of ₹5 crore for leaving a hijack threat note on a Mumbai-Delhi flight in October 2017.

The Hindu

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The Hindu

DGCA grants permit extension for Jet Airways

Jalan-Kalrock Consortium, the winning bidder for bankrupt Jet Airways, on July 31 said aviation regulator DGCA has renewed the airline’s air operator certificate.

The Hindu

ED conducts searches in Jet Airways case

ED searches multiple locations in Mumbai and Delhi in money laundering case related to Jet Airways. FIR registered by CBI. Company defaulted on payment and lenders initiated resolution exercise. Loan accounts of ₹728.66 crore, incl. ₹538.62 crore to Canara Bank, declared fraud.

The Hindu

Fewer seats the reason for soaring airfares this summer

India’s sick airlines have removed capacity or aircraft seats from the market faster than the speed at which their successful competitors have added them, forcing passengers to pay higher airfares this summer.

The Hindu

You cannot hide behind advisories: K.C. Venugopal slams Aviation Minister Jyotiraditya Scindia over high airfares

Aviation Minister Jyotiraditya Scindia should take concrete action to control rising airfares rather than “hiding behind” advisories and quoting “random figures”, Congress leader K.C. Venugopal said on June 13, 2023

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The Hindu

And another airline bites the dust

Given the many problems in India’s aviation sector, what is needed is professionals with knowledge to run airlines

The Hindu

Jet Airways CEO designate Sanjiv Kapoor quits

executive committee of JKC will oversee CEO-designate responsibilities

The Times of India

Jet Airways' shares decline 15% in 3 days as headwinds gather

NEW DELHI: Carrier Jet Airways is on a shaky ground and its shares declined more than 15 per cent in three days, revealed stock exchange BSE on Wednesday. Many developments, pertaining to the airline, have occurred in a span of 1-2 weeks.

Dynamite News

Aviation Sector: Jet Airways To Reduce Salaries, Send Many Employees On Leave Without Pay

Jet Airways, which is yet to resume operations under its new owner, will reduce salaries for various staff and send many employees on leave without pay, amid uncertainty over resumption of its operations. Read on for details:

The Times of India

NCLAT directs Jet Airways' new owner to clear unpaid provident fund, gratuity dues

NEW DELHI: Insolvency appellate tribunal NCLAT on Friday directed Jet Airways' new owner -- Jalan-Kalrock consortium -- to pay the unpaid provident fund and gratuity dues of employees of the carrier, which is preparing to restart operations.

The Independent UK

Flying to the rescue: can the boss of Indian airline Vistara untangle the red tape?

Plane Talk: ‘We’ll urge them to make sure that travel becomes easier’ says Vinod Kannan

The Times of India

Implementation of Jet Airways resolution plan subject to outcome of order, says NCLAT

NEW DELHI: Insolvency appellate tribunal NCLAT on Monday said the implementation of Jalan-Kalrock consortium resolution plan for Jet Airways would be subject to the outcome of its order over the appeals filed before it.

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