vadodara
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 3:31 pm

Look it has been proven time and again that to run successful hubs one need huge banks of flights with lots of connections.

The AMS fly’s are a niche and may disappear sooner rather than later.
 
factsonly
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 4:04 pm

Over the last few weeks 9W has been operating:

- BOM-LHR-BOM B77W
- BOM-LHR-BOM B77W
- DEL-LHR-DEL B77W
- DEL-LHR-DEL 77W
- BOM-MAN-BOM A332
- DEL-AMS-BLR A333/A332 instead of B77W DEL-AMS-YYZ-AMS-DEL
- BLR-AMS-DEL A333/A332
- BOM-AMS-YYZ B77W
- YYZ-AMS-BOM B77W
- BOM-CDG-MAA A333
- MAA-CDG-BOM A333



VT-JWQ A332 only operates DEL-BLR 1x daily
VT-JWV has not operated
 
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lightsaber
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 4:28 pm

avier wrote:
Jet Airways' lessors offer 50 grounded Boeing aircraft to SpiceJet

https://www.moneycontrol.com/news/business/jet-airways-lessors-offer-50-grounded-boeing-aircraft-to-spicejet-sources-3665921.html

Will be highly stupid of SG to not accept such an offer along with absorbing some 9W pilots for the same. If 6E were a 737 operator, they would have gladly taken as much as they could. However, knowing SG and their stupidity, I don't expect much happening here.

Wow. It would be wise of SJ to take them and offer a transition plan to Jet pilots. E.g. captain to captain.

Put a fork in Jet, the leasors just declared them done.

Lightsaber
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Spiderguy252
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 4:38 pm

Now BOM-MAN gets the chop.
Vahroone
 
behramjee
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 4:42 pm

unrave wrote:
behramjee wrote:

Question ... in light of the current financial crisis at 9W how are they managing to still operate 5 daily LHR, two daily CDG / AMS and daily YYZ flights?

Shouldn’t cash drainers like MAA-CDG and YYZ be suspended to save on costs?

Their planes are grounded due to non payment of leases. These routes are operated on the WB aircraft which Jet Airways owns so no lease dues there.


MAN BOM in 2018 saw 60,000 pax flying p2p round trip. 9W launched MAN in Nov when they really shouldn’t have as they already were in financial crisis mode.

Just because many WB are owned by 9W it doesn’t mean that they should be still operating highly unprofitable routes such as MAA CDG and YYZ..
 
behramjee
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 4:47 pm

lightsaber wrote:
avier wrote:
Jet Airways' lessors offer 50 grounded Boeing aircraft to SpiceJet

https://www.moneycontrol.com/news/business/jet-airways-lessors-offer-50-grounded-boeing-aircraft-to-spicejet-sources-3665921.html

Will be highly stupid of SG to not accept such an offer along with absorbing some 9W pilots for the same. If 6E were a 737 operator, they would have gladly taken as much as they could. However, knowing SG and their stupidity, I don't expect much happening here.

Wow. It would be wise of SJ to take them and offer a transition plan to Jet pilots. E.g. captain to captain.

Put a fork in Jet, the leasors just declared them done.

Lightsaber


In theory yes but practically speaking, Spicejet would not need 50 additional B737NGs unless it is guaranteed many additional slots at BOM DEL MAA COK BLR HYD TRV PNQ.

Getting the planes is the easy part but without having slots at these constrained Indian airports during day time period it basically becomes useless...agree?

If 9W folds up it will be interesting to see how AAI distributes their slots at BOM DEL in particular to AI 6E Spice and GO.
 
edealinfo
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 5:29 pm

Naresh is hoping that with elections round the corner the government banks will be the lifeline. Will they throw it to Jet or will Modi pay the price for not doing so.
 
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lightsaber
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 5:35 pm

behramjee wrote:
lightsaber wrote:
avier wrote:
Jet Airways' lessors offer 50 grounded Boeing aircraft to SpiceJet

https://www.moneycontrol.com/news/business/jet-airways-lessors-offer-50-grounded-boeing-aircraft-to-spicejet-sources-3665921.html

Will be highly stupid of SG to not accept such an offer along with absorbing some 9W pilots for the same. If 6E were a 737 operator, they would have gladly taken as much as they could. However, knowing SG and their stupidity, I don't expect much happening here.

Wow. It would be wise of SJ to take them and offer a transition plan to Jet pilots. E.g. captain to captain.

Put a fork in Jet, the leasors just declared them done.

Lightsaber


In theory yes but practically speaking, Spicejet would not need 50 additional B737NGs unless it is guaranteed many additional slots at BOM DEL MAA COK BLR HYD TRV PNQ.

Getting the planes is the easy part but without having slots at these constrained Indian airports during day time period it basically becomes useless...agree?

If 9W folds up it will be interesting to see how AAI distributes their slots at BOM DEL in particular to AI 6E Spice and GO.

The slot distribution will be interesting.

"If 9W folds up."
Unfortunately, I know of no business case to save Jet. 2/3rds of their aircraft are grounded and in the MAX grounding, the 737NGs will easily find a new home.

Obviously, the politicians want to save Jet before the election. The cost will outweigh the benefits.

I see this as an opportunity for SpiceJet. They are the only logical operator to take on 737NGs.

It isn't just BOM. P2P eroded the hub. It the hub was that valuable, Jet wouldn't have failed.

Lightsaber
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edealinfo
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 5:57 pm

Is there a way for Modi to provide a short term fix....that lasts until the month after the elections, and if so, what form would that take if lessors have already pulled the planes....leaving surplus staff for fewer frames.
 
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Phosphorus
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 6:01 pm

lightsaber wrote:
behramjee wrote:
Getting the planes is the easy part but without having slots at these constrained Indian airports during day time period it basically becomes useless...agree?

If 9W folds up it will be interesting to see how AAI distributes their slots at BOM DEL in particular to AI 6E Spice and GO.

The slot distribution will be interesting.

"If 9W folds up."
Unfortunately, I know of no business case to save Jet. 2/3rds of their aircraft are grounded and in the MAX grounding, the 737NGs will easily find a new home.

Well, game theory tells us that if SpiceJet agrees to take those 50 737's and puts out ads for pilots to come over, the dominoes could start falling, and SpiceJet could petition for majority of vacated slots through the resulting collapse of service. If later SpiceJet finds some of those frames redundant, they have a time window, granted by 737MAX grounding, to reallocate these at favorable terms, apparently.
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CaliguyNYC
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 6:30 pm

lightsaber wrote:
blrsea wrote:
Jet is operating with 41 aircraft now as per DGCA

Jet Airways operating a schedule with 41 aircraft: DGCA

The Directorate General of Civil Aviation (DGCA) today said that Jet AirwaysNSE -3.17 % will be operating a scheduled for 603 domestic flights and 382 international flights with a fleet of 41 aircraft, which is likely to continue for the Summer Schedule that starts during March-end. The airline till a couple of months ago operated a fleet of 125 aircraf.t

DGCA, which reviewed the performance of Jet Airways on Operational, Airworthiness & Passenger facilitation today, said that the the list has been drawn. “However, it is a dynamic situation and there may be further attrition in coming weeks,” said a statement from the aviation regulator.

It added that the aviation regulator is continuously monitoring overall situation and based on the same, will take appropriate steps by the end of the month, if needed. ...

Wow.. now the GoI is trying to push the banks to keep Jet afloat.

This is all on Goyal. He has the resources to invest and he is the one who managed Jet into this situation. His stubbornness drove away the only interested investor, EY.

Jet is now officially a Zombie corporation. 41 aircraft from 119. It isn't worth fretting about anymore.

It is time to redistribute the slots and return the aircraft.


Lightsaber


Agreed. This is crazy. The banks need to take over asap. Convert their debt to equity and then sell to a strategic investor. Elections or not, I think GOI would be foolish to let Jet fail. That said, Goyal and EY need to get the boot which is really all that matters. I am surprised Goyal is not scared of the bank take over (or he is not acting scared). AS I mentioned earlier, I think the AUH govt is being very short sided here. I can see the Indian public being not too keen for UAE investment in key infrastructure. EY should have taken a higher road. In the end both EY and Goyal acting like entitled banyas (yup I said it).
 
unnayan
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 6:37 pm

just redeemed all my JP miles to Amazon vouchers... and feeling incredibly sad..
 
binayak
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 7:21 pm

unnayan wrote:
just redeemed all my JP miles to Amazon vouchers... and feeling incredibly sad..


Same here too (still have some left though) . May Almighty save this airline.
The best preparation for tomorrow is doing your best today
 
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lightsaber
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 7:29 pm

Phosphorus wrote:
lightsaber wrote:
behramjee wrote:
Getting the planes is the easy part but without having slots at these constrained Indian airports during day time period it basically becomes useless...agree?

If 9W folds up it will be interesting to see how AAI distributes their slots at BOM DEL in particular to AI 6E Spice and GO.

The slot distribution will be interesting.

"If 9W folds up."
Unfortunately, I know of no business case to save Jet. 2/3rds of their aircraft are grounded and in the MAX grounding, the 737NGs will easily find a new home.

Well, game theory tells us that if SpiceJet agrees to take those 50 737's and puts out ads for pilots to come over, the dominoes could start falling, and SpiceJet could petition for majority of vacated slots through the resulting collapse of service. If later SpiceJet finds some of those frames redundant, they have a time window, granted by 737MAX grounding, to reallocate these at favorable terms, apparently.

You and I are in agreement.

Jet is now a house of cards with Goyal pretending no one will sneeze or take the opportunity.

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vadodara
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 7:57 pm

edealinfo wrote:
Naresh is hoping that with elections round the corner the government banks will be the lifeline. Will they throw it to Jet or will Modi pay the price for not doing so.


If you follow the NLCT proceedings, it should be obvious what Jet Airways fate would be. There were 2 issues that prevented a complete house cleaning:
1) even a bigger headache called Air India
2) some irrational rules such as 5/20, bilaterals etc which the govt was forced to deal with

Not to mention an ‘ally’ called Shiv Sena. NG got a lifeline because of these reasons.

He should have cut the deal with EY when he could. Now he has no cards left to play.
 
vadodara
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 8:07 pm

behramjee wrote:
?

If 9W folds up it will be interesting to see how AAI distributes their slots at BOM DEL in particular to AI 6E Spice and GO.


Should go to bankruptcy court; banks get some money back and slots don’t get allocated in irrationally Manner.
 
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 8:43 pm

vadodara wrote:
behramjee wrote:
?

If 9W folds up it will be interesting to see how AAI distributes their slots at BOM DEL in particular to AI 6E Spice and GO.


Should go to bankruptcy court; banks get some money back and slots don’t get allocated in irrationally Manner.

It will impact the economy if not done quickly.
This is a time to ask how long businesses in Mumbai can thrive without the capacity being back filled? Jet was a major share of Mumbai traffic.

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User001
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 9:02 pm

And now Hong Kong bites the dust from 23rd too.
 
behramjee
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 9:03 pm

Latest update is that daily BOM-HKG and daily DEL-HKG shows suspended by 9W effective 23Mar-19 as all flights are zerod out on Sabre GDS.
 
Sooner787
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 9:11 pm

behramjee wrote:
Latest update is that daily BOM-HKG and daily DEL-HKG shows suspended by 9W effective 23Mar-19 as all flights are zerod out on Sabre GDS.


How long until the pilots have to produce credit cards to pay for fuel outside India?
 
smartplane
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 9:28 pm

CaliguyNYC wrote:
Agreed. This is crazy. The banks need to take over asap. Convert their debt to equity and then sell to a strategic investor.

In multi-lender situations, banks are like sheep. They need a shepherd. One or two leaders are yet to emerge, probably because they are getting the message, the first to act will clear all re-financing offers from the table, so your fault.

Someone needs to act, before other creditors move, like seizing supposedly owned (but mortgaged) WB aircraft when overseas.

In respect to selling to a strategic investor, not a hope, unless it comes with concessions, like exemption from foreign ownership rules, exemption for related-party international flights, etc.
Last edited by smartplane on Tue Mar 19, 2019 9:30 pm, edited 1 time in total.
 
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lightsaber
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 9:29 pm

Well, EY is apparently willing to sell their stake in Jet and the FF program.

https://www.bing.com/amp/s/www.livemint ... 22586.html

The great hope of a buyer is now a seller. Scooby says rhoo rhoo.

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lightsaber
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 9:31 pm

smartplane wrote:
CaliguyNYC wrote:
Agreed. This is crazy. The banks need to take over asap. Convert their debt to equity and then sell to a strategic investor.

In multi-lender situations, banks are like sheep. They need a shepherd. One or two leaders are yet to emerge, probably because they are getting the message, the first to act will clear all re-financing offers from the table, so your fault.

Someone needs to act, before other creditors move, like seizing supposedly owned (but mortgaged) WB aircraft when overseas.

If debt is unpaid, triple missed payments must trigger some clause. Best to grab as many as possible.

Goyal jumped the shark.

Lightsaber
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vadodara
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 9:38 pm

lightsaber wrote:
vadodara wrote:
behramjee wrote:
?

If 9W folds up it will be interesting to see how AAI distributes their slots at BOM DEL in particular to AI 6E Spice and GO.


Should go to bankruptcy court; banks get some money back and slots don’t get allocated in irrationally Manner.

It will impact the economy if not done quickly.
This is a time to ask how long businesses in Mumbai can thrive without the capacity being back filled? Jet was a major share of Mumbai traffic.

Lightsaber


There is a lot of talk about BOM and it’s importance and so forth. All I have to say is, show me the money.

Both AI and 9W have been in the ditch. Time to clean house.
 
itisi
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Re: Jet Airways: reports cash running out

Tue Mar 19, 2019 11:54 pm

behramjee wrote:
Latest update is that daily BOM-HKG and daily DEL-HKG shows suspended by 9W effective 23Mar-19 as all flights are zerod out on Sabre GDS.


Delhi is cancelled today
737-300/400/500 ... are NOT classics :)
 
juliuswong
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Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 12:41 am

How is 9W going to deal with all the refund (if any) and re-routing their pax (I don't think any airline will want to take up the tab)? 23 March 2019 is three days away or four days depends on where you are now. Way to damage your brand further. I can sense 9W has reach a point of no return. Feeling awful for their hardworking and diligent employees, no sympathy for NG and family.

Also, how will GoI deal with all these pax? Extra flight by AI? With 9W demise, it will leave a vacuum for UK to scale up their operation. Those 787 will come in handy soon.
- Life is a journey, travel it well -
 
edealinfo
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Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 1:15 am

Here are the latest updates:

1. The Government asks banks to give Jet Rupees 800 crore in exchange for Goyal pledging his 51% stake.

2. An HSBC loan guaranteed by Etihad is due on March 27. [Will Jet default to stick it to Etihad?]

3. The Government "favours Indian player holding a majority stake in the troubled airline." {i.e., Government develops formal excuse for Etihad bailing out]

4. The National Investment and Infrastructure Fund (NIIF) has agreed to pump in up to Rs 1,900 crore

5. "Banks are not inclined to go to bankruptcy court as it may considerably lower the valuations, forcing them to take a bigger haircut."

6. “Besides (air) routes and slots, there are not many tangible assets that may lead to a substantial price discovery if a resolution is sought under the bankruptcy code,”

7. Pilots said that they would stop flying on April 1, so the Government rescue may be days away.

8. Etihad is willing to exist Jet at Rs 150 per share (At this price, its 24% stake in Jet Airways will be valued at Rs 400 crore). Etihad values its 51% stake in Jet Previledge at $500 million.

9. Etihad was not allowed to hike its stake in Jet after Sebi refused to give a special dispensation to avoid triggering the takeover code

SCORE:
Jet/Naresh Goyal: 1
Detractors: 0
Last edited by edealinfo on Wed Mar 20, 2019 1:33 am, edited 2 times in total.
 
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unrave
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Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 1:27 am

How can NG pledge more shares when all of his shareholding is currently pledged?
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Irehdna
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Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 2:27 am

My gut feeling says BLR-AMS and MAA-CDG will be next, especially the latter.
 
edealinfo
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Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 2:37 am

Irehdna wrote:
My gut feeling says BLR-AMS and MAA-CDG will be next, especially the latter.


That would be messing with their Air France/ Delta/ KLM relationship. If they can only hold out for 10 more days for the bank rescue to come in before April 1.
 
jensona6
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Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 2:45 am

Irehdna wrote:
My gut feeling says BLR-AMS and MAA-CDG will be next, especially the latter.


Assumption up to point, thought the same but let's see.
 
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unrave
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Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 3:02 am

41 aircraft operational and 16000 employees on roll. Masterclass on running an airline
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blrsea
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Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 3:11 am

The option for lenders to completely take over Jet is still on the table

Etihad may exit Jet Airways by selling 24% stake to SBI

...
According to another source, the entire company will go under the control of lenders if an agreement is not thrashed out soon. “The company has already passed a resolution allowing banks to convert debt into equity. This includes the shares pledged by the promoters,” the source said. Promoter Naresh Goyal’s shares in Jet Airways, amounting to 51 per cent of the overall equity, are understood to be pledged with Punjab National Bank. This may be converted into equity, giving lenders full control of the airline.

While there is still an outside chance that a resolution plan will be worked out, that will require Goyal to agree to completely exit the company, according to a source close to Etihad.
..
 
sibibom
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Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 3:23 am

But these banks can't run an airline either, let alone one which is spiraling downwards rapidly.

For the uninitiated ones, Spicejet went thru the same in 2014, and come out of it. they were down to 20 odd planes, but ownership change happened decisively (it's a whole different story if it was forced politically) and someone with an experience of running an airline took over.
Last edited by sibibom on Wed Mar 20, 2019 3:43 am, edited 1 time in total.
 
behramjee
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Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 3:26 am

9W Operational update:

The main suspension highlights newly released for GCC / Far East Asia regions are as follows effective 01APR-19

i. 4wk BAH-BOM + Daily DOH-DEL
ii. Daily KWI-BOM + Daily BKK-DEL + Daily SIN-DEL
iii. Double daily SIN-BOM + Double daily BKK-BOM
iv. Daily DOH-BOM + Daily DMM-BOM + Daily CCU-DAC
v. Double daily DXB-BOM + Double daily DXB-DEL
vi. Daily DAC-DEL + Daily KTM-DEL

The above is on top of services to AUH, HKG and MAN being suspended too.
 
JOYA380B747
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Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 3:33 am

Looks like Jet Privilege website is trying to block me from logging in since my first voucher redeem transaction. Whatever browser and device I am using, I am being stuck at login page with the error "Third party cookie is disabled. Please enable cookies in browser settings." Have done everything and still this error. Anyone else facing the same?
India's biggest loss w.r.t global aviation (so far) - Being an Australasia-Europe stopover.
 
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trinidadeG
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Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 3:37 am

Irehdna wrote:
My gut feeling says BLR-AMS and MAA-CDG will be next, especially the latter.

Concur. They began with down-gauging BOM-CDG from B777 to A330. Then shifted the regional International off A330s to 737s. In the next round of reductions, seems like the A330 routes will be curtailed - with BOM-MAN, BOM/DEL-HKG being closed for bookings. The next A330 routes are BLR-AMS and MAA-CDG. Possibly BOM-CDG too.
 
WPvsMW
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Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 3:53 am

Is the following accurate?
9W has defaulted on PSB loans (from SBI and PNB... any other PSBs, any private lenders?), the cure periods have expired, and the lenders, at any time post-default, could have transferred title to all of NG's shares in 9W to the pledgees (lenders), but the lenders have not forced a transfer because they don't want (I) to manage 9W and (ii) forgo all principal and interest (accrued and future) on the loans.

Assuming the preceding is correct, the transfer of the pledged shares must be completed in a matter of days. If this were the US, the transfer documents would already be prepared and approved as to form, lacking only signatures. Is this true in India?

NG and (I assume) NG puppets will resign from 9W's board rather than be voted off the board at an emergency shareholders' meeting. Shareholders' meetings require prior notice.

Can all the preceding be completed in the remaining days of March?
Last edited by WPvsMW on Wed Mar 20, 2019 3:55 am, edited 1 time in total.
 
Bhadra
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Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 3:54 am

JOYA380B747 wrote:
Looks like Jet Privilege website is trying to block me from logging in since my first voucher redeem transaction. Whatever browser and device I am using, I am being stuck at login page with the error "Third party cookie is disabled. Please enable cookies in browser settings." Have done everything and still this error. Anyone else facing the same?


Allow cross-site tracking (in your browser settings), that should fix it. Good luck!
 
lutfi
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Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 4:54 am

edealinfo wrote:
Here are the latest updates:

1. The Government asks banks to give Jet Rupees 800 crore in exchange for Goyal pledging his 51% stake.

2. An HSBC loan guaranteed by Etihad is due on March 27. [Will Jet default to stick it to Etihad?]

3. The Government "favours Indian player holding a majority stake in the troubled airline." {i.e., Government develops formal excuse for Etihad bailing out]

4. The National Investment and Infrastructure Fund (NIIF) has agreed to pump in up to Rs 1,900 crore

5. "Banks are not inclined to go to bankruptcy court as it may considerably lower the valuations, forcing them to take a bigger haircut."

6. “Besides (air) routes and slots, there are not many tangible assets that may lead to a substantial price discovery if a resolution is sought under the bankruptcy code,”

7. Pilots said that they would stop flying on April 1, so the Government rescue may be days away.

8. Etihad is willing to exist Jet at Rs 150 per share (At this price, its 24% stake in Jet Airways will be valued at Rs 400 crore). Etihad values its 51% stake in Jet Previledge at $500 million.

9. Etihad was not allowed to hike its stake in Jet after Sebi refused to give a special dispensation to avoid triggering the takeover code

SCORE:
Jet/Naresh Goyal: 1
Detractors: 0


If this is your idea of a victory for Jet/ Goyal, would hate to see what you would consider a defeat!

Maybe GOI should just merge Jet and AI.
 
binayak
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Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 5:05 am

No more lounge access at DEL and HYD for jet airways pax.
The best preparation for tomorrow is doing your best today
 
behramjee
Posts: 4945
Joined: Sat Aug 02, 2003 4:56 am

Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 5:05 am

Looks like 9W might be cutting one BOMLHR daily flight too as GDS is only showing full F/J/Y class seats available from 01Apr onwards but the other two daily flights are showing wide open all classes.

9W116/115 arr LHR 1510 / dep LHR 1705 is the effected flight.
 
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unrave
Posts: 2621
Joined: Tue Jan 06, 2015 6:37 am

Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 5:48 am

BOM-SIN, DEL-SIN, BOM-BKK and DEL-BKK are down to 1 daily
Denial of racism is as egregious as racism itself
 
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Spiderguy252
Posts: 1088
Joined: Mon Feb 02, 2009 10:58 am

Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 6:15 am

What do you see happening to Naresh Goyal?

Will he be on a plane to the UK, if you know what I mean?
Vahroone
 
avier
Posts: 901
Joined: Tue Aug 07, 2018 12:38 pm

Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 6:28 am

I see private jet ops. at BOM have increased a lot over the last month. Wonder if shortage of premium seats out of the financial capital due to 9W effect has forced premium pax towards private jet operators. Most of these jet operators have sharing scheme and some even with fixed timings for flights.
 
WPvsMW
Posts: 2063
Joined: Thu Mar 23, 2017 7:30 pm

Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 7:08 am

Spiderguy252 wrote:
What do you see happening to Naresh Goyal?

Will he be on a plane to the UK, if you know what I mean?


To have tea and crumpets with Vijay.
 
juliuswong
Moderator
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Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 9:07 am

VT-JGF B737-8FH arriving into Shannon after repossession.

https://flic.kr/p/2dRLVJr
- Life is a journey, travel it well -
 
Vimanav
Posts: 1459
Joined: Thu Jul 31, 2003 4:33 am

Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 9:25 am

Our cat with nine lives NG may still have one conditional ace up his sleeve. Now that EY is willing to sell out, agree to it and have SBI buy them out and in turn sell it to QR who will have no issues once the "enemy country" investment has exited. It would be a God sent opportunity for QR to enter into the India market with a partner who is an FSC and he will further demand (and probably get) an enhancement in capacity for QR to India on the bilaterals.
Sarfaroshi kii tamannaa ab hamaare dil mein hai, Dekhnaa hai zor kitnaa baazu-e-qaatil mein hai
 
AI
Posts: 288
Joined: Sat Dec 24, 2005 7:13 pm

Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 9:51 am

Vimanav wrote:
Our cat with nine lives NG may still have one conditional ace up his sleeve. Now that EY is willing to sell out, agree to it and have SBI buy them out and in turn sell it to QR who will have no issues once the "enemy country" investment has exited. It would be a God sent opportunity for QR to enter into the India market with a partner who is an FSC and he will further demand (and probably get) an enhancement in capacity for QR to India on the bilaterals.


You might be right but I suspect every new investor will be wary of NG after the way he has treated EY almost immediately after securing their investment. He has not been a reliable business partner. He has also shown scant regard for his employees. I hope whoever ends up investing (if at all) continues to insist the NG & family have to go.
 
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Phosphorus
Posts: 579
Joined: Tue May 16, 2017 11:38 am

Re: Jet Airways: reports cash running out

Wed Mar 20, 2019 10:13 am

Vimanav wrote:
Our cat with nine lives NG may still have one conditional ace up his sleeve. Now that EY is willing to sell out, agree to it and have SBI buy them out and in turn sell it to QR who will have no issues once the "enemy country" investment has exited. It would be a God sent opportunity for QR to enter into the India market with a partner who is an FSC and he will further demand (and probably get) an enhancement in capacity for QR to India on the bilaterals.


Remains to be seen, if there is still time left on the clock, for all of this to transpire.
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