Press Releases

Press Releases

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Jet Airways announces temporary suspension of flight operations

Mumbai, Apr 17, 2019: Late last night, Jet Airways was informed by the State Bank of India (SBI), on be-half of the consortium of Indian Lenders, that they are unable to consider its re-quest for critical interim funding.

Jet Airways board approves the conversion of Lenders’ debt into equity

Mumbai, Mar 25, 2019: Finding a sustainable solution to the turnaround of Jet Airways has been receiving the attention of all stakeholders to enable the airline to restore normalcy to its level of operations.

Statement attributable to Mr. Naresh Goyal, Chairman, Jet Airways, and Mr. Tony Douglas, Chief Executive Officer Etihad Airways

Mumbai, Feb 25, 2019: Jet Airways, launched 25 years ago as a home-grown Indian brand, has since revolutionized air travel in India. Operating modern aircraft and ushering in service concepts previously not seen in Indian skies, the airline went on to first offer connectivity across the length and breadth of India and then proudly took the best of India to the rest of the world.

Jet Airways' board considers and approves bank led provisional resolution plan

Mumbai, Feb 14, 2019: Jet Airways' Board today considered and approved a Bank led Provisional Resolution Plan (BLPRP). The BLPRP proposes restructuring under the provisions of the "RBI Circular" in order to meet a funding gap of nearly INR 8500 crores which is to be met by an appropriate mix of equity infusion, debt restructuring, sale/ sale and lease back/ refinancing of aircraft, among other things.

Press statement

Mumbai, Jan 16, 2019: We refer to the various media reports concerning a communication alleged to have been sent by Etihad Airways PJSC to State Bank of India in relation to the resolution plan for Jet Airways (India) Limited (“Company”). At the outset, we hereby categorically state that nothing mentioned in the various media reports shall be deemed to be attributed to the Company and we also vehemently deny any discussions or disclosure on our part, with any media concerning the matter.