User avatar
vhtje
Posts: 1028
Joined: Sat Jan 10, 2009 12:40 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 11:48 am

B747fanReal wrote:
Looks like a Jet Airways Boeing 777-300ER has been seized at Amsterdam’s Schiphol Airport

Source - https://timesofindia.indiatimes.com/bus ... atsApp.com

Edit: Source 2 - http://www.indiatoday.in/amp/business/s ... 2019-04-10


Today's 9W 231 is currently showing as delayed. It certainly did not depart at 11:25 CEST.

According to the TOI linked article:

Times of India wrote:
...a European cargo firm has seized the aircraft ... for non-payment of dues.


How is that legal without a court order? If the court order exists, why hasn't TOI and other media outlets reported it?
I only turn left when boarding aircraft. Well, mostly. All right, sometimes. OH OKAY - rarely.
 
User avatar
unrave
Posts: 2670
Joined: Tue Jan 06, 2015 6:37 am

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 12:06 pm

Jet Airways B777 has been seized at AMS. Meanwhile IndianOil has again suspended fuel supply to Jet Airways
Denial of racism is as egregious as racism itself
 
edealinfo
Posts: 1932
Joined: Mon Jan 21, 2019 7:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 12:37 pm

unrave wrote:
Jet Airways B777 has been seized at AMS. Meanwhile IndianOil has again suspended fuel supply to Jet Airways

Isn’t the first phase of the general elections due tomorrow? If Jet is allowed to fail, Modi is bold, in a vey good way for business.
 
edealinfo
Posts: 1932
Joined: Mon Jan 21, 2019 7:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 12:40 pm

Bids have now officially closed (6pm India time on April 10) for the EOI.
Note that the EOI has also created a back door for sovereign wealth funds and quasi governmental agencies to bid by bypassing the EOI phase.
 
edealinfo
Posts: 1932
Joined: Mon Jan 21, 2019 7:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 12:41 pm

Etihad’s Board met on April 10 to consider Jet. are there any updates?
 
edealinfo
Posts: 1932
Joined: Mon Jan 21, 2019 7:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 12:45 pm

I question SBI Bank asking SBI Capital Markets to handle the sale. Since it is the same umbrella organization, they may not have been thinking beyond their noses. It requires an outsider to make the terms and deal attractive to bidders. Why didn’t they select an external consultant?
 
panamair
Posts: 4110
Joined: Fri Oct 12, 2001 2:24 am

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 12:51 pm

edealinfo wrote:
Bids have now officially closed (6pm India time on April 10) for the EOI.
Note that the EOI has also created a back door for sovereign wealth funds and quasi governmental agencies to bid by bypassing the EOI phase.


Deadline for submission of EOI extended to April 12 now, and apparently allowing "restructuring of debt" instead of simply settling the existing debt.

https://www.moneycontrol.com/news/busin ... 00111.html
 
User avatar
unrave
Posts: 2670
Joined: Tue Jan 06, 2015 6:37 am

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 1:18 pm

De-registered: VT-JGQ, JGP, JFJ, JFP, JFQ, JFM and JFK. Awaiting de-registration (within 5 working days of application by owner): VT- JGG, JTE, JTL, JTM, JCJ, JCK, JCL, JCM, JCN, JCP, JCQ, JBJ, JBK, JFF, JBB, JBC, JTA, SJA, JFW, JFY, JTC, SIZ, JTB

Source: Nitin Sarin
Denial of racism is as egregious as racism itself
 
CaliguyNYC
Posts: 1104
Joined: Tue Sep 27, 2016 7:27 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 1:24 pm

edealinfo wrote:
I question SBI Bank asking SBI Capital Markets to handle the sale. Since it is the same umbrella organization, they may not have been thinking beyond their noses. It requires an outsider to make the terms and deal attractive to bidders. Why didn’t they select an external consultant?


huh? They are the lead bank (meaning they have the largest amount of debt). SBI and the banks have the most incentive to get some deal done. They want out or to atlas save as much of their investment as they can. Any money is better than zero. In fact the only one that can make concessions quickly are the banks. Now on a separate note, why the stock price isn't falling is beyond me.
 
DLPMMM
Posts: 2264
Joined: Wed Apr 20, 2005 12:34 am

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 1:32 pm

CaliguyNYC wrote:
edealinfo wrote:
I question SBI Bank asking SBI Capital Markets to handle the sale. Since it is the same umbrella organization, they may not have been thinking beyond their noses. It requires an outsider to make the terms and deal attractive to bidders. Why didn’t they select an external consultant?


huh? They are the lead bank (meaning they have the largest amount of debt). SBI and the banks have the most incentive to get some deal done. They want out or to atlas save as much of their investment as they can. Any money is better than zero. In fact the only one that can make concessions quickly are the banks. Now on a separate note, why the stock price isn't falling is beyond me.


Stock price going up a hair is just a "dead cat bounce"..

https://en.wikipedia.org/wiki/Dead_cat_bounce
 
moa999
Posts: 603
Joined: Tue Mar 13, 2018 6:37 am

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 1:41 pm

If the banks are being forced to take a haircut on debt to get the deal done, should mean equity is worthless - given it ranks behind debt.
 
User avatar
unrave
Posts: 2670
Joined: Tue Jan 06, 2015 6:37 am

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 3:35 pm

vhtje wrote:
How is that legal without a court order? If the court order exists, why hasn't TOI and other media outlets reported it?

Haarlem Court has ruled in favour of the cargo agency that seized the aircraft
Denial of racism is as egregious as racism itself
 
User avatar
nordikcam
Posts: 86
Joined: Thu Nov 09, 2017 6:44 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 4:06 pm

unrave wrote:
vhtje wrote:
How is that legal without a court order? If the court order exists, why hasn't TOI and other media outlets reported it?

Haarlem Court has ruled in favour of the cargo agency that seized the aircraft


So if the aircraft is stuck at AMS...which european flight will be canceled later tonight ? AMS ? LHR ? CDG ?
 
User avatar
unrave
Posts: 2670
Joined: Tue Jan 06, 2015 6:37 am

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 4:27 pm

Jet Airways will operate just 14 aircraft from tomorrow: 3x 737, 1x 330, 7x 777 and 3x ATR. It is amazing how much damage PR hatchet jobs can inflict upon the world's best run airline.
Denial of racism is as egregious as racism itself
 
Exeiowa
Posts: 161
Joined: Fri Jul 06, 2018 4:49 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 5:13 pm

Do we know what has happened to thier other widebodes?I am sure there were more earlier in their fleet, but I havent seen any reports of them going out of service. Have they been more quietly removed, or out for maintenance (and cant aford to fix them), cannot get services for them or cannot fill them.
 
CaliguyNYC
Posts: 1104
Joined: Tue Sep 27, 2016 7:27 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 5:31 pm

moa999 wrote:
If the banks are being forced to take a haircut on debt to get the deal done, should mean equity is worthless - given it ranks behind debt.


Sorry but not at all true. Debt is usually tied to assets while equity value is based on assets and a business' potential. Banks take haircuts on debt all the time. You can refinance loans for many different reasons. The fact that the stock price is still the same usually means that investors still believe the company will be saved. Why they feel this, I cannot say.
Btw - Enterprise Value (or company value) is = market cap plus Net Debt (debt minus cash). I know it is a bit counter intuitive that debt is included in value but anet posters have a tendency to comment on financial terms based on consumer English language usage rather than how finance works. That said, Indian bankruptcy laws and US ones are different. So some inadvertent (and I would say harmless) misconception happens between the type of restructuring that would happen in the US vs India (even Indian posters can't really say what is legal and will happen).
 
dtw2hyd
Posts: 7213
Joined: Wed Jan 09, 2013 12:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 5:40 pm

They just need 5x77Ws and 3xA33Xs to maintain the current long-haul schedule.

BOM-LHR-BOM 77W
BOM-AMS-BOM 77W
BOM-CDG-BOM 77W
AMS-YYZ-AMS 77W
DEL-LHR-DEL 77W

DEL-AMS-DEL 332
BLR-AMS-BLR 333
MAA-CDG-MAA 333

Did I miss any???

I hope it survives in its current form. Hate to see shitty airlines at T2.
 
jensona6
Posts: 41
Joined: Tue Aug 19, 2014 2:15 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 5:58 pm

Okay so I dunno about the credibility of this message as a good friend of mine got this from a 9W Pilot himself.
"9W has just informed all crew and pilots not to leave hotels and homes as operations are suspended."

As far as I know the operations aren't suspended as of now, but maybe the aircraft's which are currently flying out now will return to bases after completing revenue flights and maybe after that their operations might be suspended?
 
User avatar
unrave
Posts: 2670
Joined: Tue Jan 06, 2015 6:37 am

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 5:59 pm

dtw2hyd wrote:
They just need 5x77Ws and 3xA33Xs to maintain the current long-haul schedule.

BOM-LHR-BOM 77W
BOM-AMS-BOM 77W
BOM-CDG-BOM 77W
AMS-YYZ-AMS 77W
DEL-LHR-DEL 77W

DEL-AMS-DEL 332
BLR-AMS-BLR 333
MAA-CDG-MAA 333

Did I miss any???

I hope it survives in its current form. Hate to see shitty airlines at T2.

BLR-AMS has been cancelled from tomorrow. Hue hue hue.

Well run airlines will soon take over Jet slots across India
Denial of racism is as egregious as racism itself
 
User avatar
unrave
Posts: 2670
Joined: Tue Jan 06, 2015 6:37 am

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 6:04 pm

jensona6 wrote:
Okay so I dunno about the credibility of this message as a good friend of mine got this from a 9W Pilot himself.
"9W has just informed all crew and pilots not to leave hotels and homes as operations are suspended."

As far as I know the operations aren't suspended as of now, but maybe the aircraft's which are currently flying out now will return to bases after completing revenue flights and maybe after that their operations might be suspended?

This was doing the rounds about 3 hours back but it was confirmed to be a rumour.
Denial of racism is as egregious as racism itself
 
YouGeeElWhy
Posts: 429
Joined: Sat Feb 01, 2014 3:42 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 6:04 pm

unrave wrote:
BLR-AMS has been cancelled from tomorrow. Hue hue hue.

I am sure Delta is happy about that. :tombstone:
 
dtw2hyd
Posts: 7213
Joined: Wed Jan 09, 2013 12:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 6:12 pm

I am surprised BLR-AMS survived this long without domestic feed. So much for a premium destination.
 
User avatar
unrave
Posts: 2670
Joined: Tue Jan 06, 2015 6:37 am

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 6:26 pm

dtw2hyd wrote:
I am surprised BLR-AMS survived this long without domestic feed. So much for a premium destination.

Pretty soon none of the routes will survive, whether premium or budget
Denial of racism is as egregious as racism itself
 
blr380
Posts: 102
Joined: Wed Sep 09, 2009 12:33 am

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 6:35 pm

unrave wrote:
dtw2hyd wrote:
They just need 5x77Ws and 3xA33Xs to maintain the current long-haul schedule.

BOM-LHR-BOM 77W
BOM-AMS-BOM 77W
BOM-CDG-BOM 77W
AMS-YYZ-AMS 77W
DEL-LHR-DEL 77W

DEL-AMS-DEL 332
BLR-AMS-BLR 333
MAA-CDG-MAA 333

Did I miss any???

I hope it survives in its current form. Hate to see shitty airlines at T2.

BLR-AMS has been cancelled from tomorrow. Hue hue hue.

Well run airlines will soon take over Jet slots across India

Sadly, there is no information posted on 9W website. It still lets you purchase BLR-AMS and a whole host of non-existent routes.
 
vadodara
Topic Author
Posts: 1035
Joined: Mon Feb 20, 2017 7:45 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 6:44 pm

dtw2hyd wrote:
I am surprised BLR-AMS survived this long without domestic feed. So much for a premium destination.


Class F/J pax! Who needs domestic feed?
 
edealinfo
Posts: 1932
Joined: Mon Jan 21, 2019 7:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 6:47 pm

unrave wrote:
dtw2hyd wrote:
They just need 5x77Ws and 3xA33Xs to maintain the current long-haul schedule.

BOM-LHR-BOM 77W
BOM-AMS-BOM 77W
BOM-CDG-BOM 77W
AMS-YYZ-AMS 77W
DEL-LHR-DEL 77W

DEL-AMS-DEL 332
BLR-AMS-BLR 333
MAA-CDG-MAA 333

Did I miss any???

I hope it survives in its current form. Hate to see shitty airlines at T2.

BLR-AMS has been cancelled from tomorrow. Hue hue hue.

Well run airlines will soon take over Jet slots across India

could you please provide your source for cancellation of all BLR to AMS flights starting tomorrow?
 
YouGeeElWhy
Posts: 429
Joined: Sat Feb 01, 2014 3:42 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 6:53 pm

blr380 wrote:
Sadly, there is no information posted on 9W website. It still lets you purchase BLR-AMS and a whole host of non-existent routes.
Daddy Delta is still selling tickets for BLR via Jet. Prob fake news.
 
User avatar
nordikcam
Posts: 86
Joined: Thu Nov 09, 2017 6:44 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 6:57 pm

edealinfo wrote:
unrave wrote:
dtw2hyd wrote:
They just need 5x77Ws and 3xA33Xs to maintain the current long-haul schedule.

BOM-LHR-BOM 77W
BOM-AMS-BOM 77W
BOM-CDG-BOM 77W
AMS-YYZ-AMS 77W
DEL-LHR-DEL 77W

DEL-AMS-DEL 332
BLR-AMS-BLR 333
MAA-CDG-MAA 333

Did I miss any???

I hope it survives in its current form. Hate to see shitty airlines at T2.

BLR-AMS has been cancelled from tomorrow. Hue hue hue.

Well run airlines will soon take over Jet slots across India

could you please provide your source for cancellation of all BLR to AMS flights starting tomorrow?


AMS website shows this :

https://www.schiphol.nl/en/arrivals/fli ... 4119W0236/

Flights from DEL, YYZ or BOM are scheduled till now !
 
blr380
Posts: 102
Joined: Wed Sep 09, 2009 12:33 am

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 7:09 pm

Flightaware and 9W website now shows BLR AMS cancelled from tomorrow. Will be interesting how many can be rebooked on AF
 
behramjee
Posts: 4980
Joined: Sat Aug 02, 2003 4:56 am

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 7:12 pm

BLR-AMS has been cancelled from tomorrow. Hue hue hue.

Well run airlines will soon take over Jet slots across India


I can verify that after checking on sabre gds, all BLR AMS BLR flights are showing closed for sale on THU FRI and SAT.

This Sunday BLR AMS BLR onwards is still showing open for sale.
 
edealinfo
Posts: 1932
Joined: Mon Jan 21, 2019 7:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 7:15 pm

behramjee wrote:
BLR-AMS has been cancelled from tomorrow. Hue hue hue.

Well run airlines will soon take over Jet slots across India


I can verify that after checking on sabre gds, all BLR AMS BLR flights are showing closed for sale on THU FRI and SAT.

This Sunday BLR AMS BLR onwards is still showing open for sale.

Couldn’t those flights be sold out as opposed to being cancelled
 
edealinfo
Posts: 1932
Joined: Mon Jan 21, 2019 7:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 7:18 pm

blr380 wrote:
Flightaware and 9W website now shows BLR AMS cancelled from tomorrow. Will be interesting how many can be rebooked on AF

I don’t believe Air France operates a separate blr to AMS flight
 
User avatar
unrave
Posts: 2670
Joined: Tue Jan 06, 2015 6:37 am

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 7:19 pm

YouGeeElWhy wrote:
blr380 wrote:
Sadly, there is no information posted on 9W website. It still lets you purchase BLR-AMS and a whole host of non-existent routes.
Daddy Delta is still selling tickets for BLR via Jet. Prob fake news.

Check again
Denial of racism is as egregious as racism itself
 
User avatar
nordikcam
Posts: 86
Joined: Thu Nov 09, 2017 6:44 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 7:20 pm

edealinfo wrote:
Couldn’t those flights be sold out as opposed to being cancelled


There would still be travelers who would have bought 9W tickets ? Yessss sarcasm !
 
edealinfo
Posts: 1932
Joined: Mon Jan 21, 2019 7:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 7:23 pm

The Economic Times is reporting that Jet received 2 bids none of which is from an airline. However in the hope of receiving a bid from Etihad, the deadline for submission of a bid has been extended to Friday
 
dtw2hyd
Posts: 7213
Joined: Wed Jan 09, 2013 12:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 7:30 pm

nordikcam wrote:
edealinfo wrote:
Couldn’t those flights be sold out as opposed to being cancelled


There would still be travelers who would have bought 9W tickets ? Yessss sarcasm !


I was booked on HYD-BLR-AMS-DTW on my return, BLR-HYD was cancelled by Jet, Delta changed it to HYD-BOM-AMS-DTW, BOM-AMS on KL Boeing 789.

SkyTeam has a lot of options going into BOM/DEL. Their main issue is domestic connections.
 
edealinfo
Posts: 1932
Joined: Mon Jan 21, 2019 7:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 7:30 pm

Why does IOC need to cut fuel supply on Jet’s leases planes, when lessors can’t deregister the plane and take it out of country unless the lessor clears the fuel bill on behalf of Jet. so, why cut fuel supply when there is a guaranteed backstop?
 
User avatar
unrave
Posts: 2670
Joined: Tue Jan 06, 2015 6:37 am

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 7:31 pm

edealinfo wrote:
The Economic Times is reporting that Jet received 2 bids none of which is from an airline. However in the hope of receiving a bid from Etihad, the deadline for submission of a bid has been extended to Friday

EY will not bid.
Denial of racism is as egregious as racism itself
 
edealinfo
Posts: 1932
Joined: Mon Jan 21, 2019 7:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 7:33 pm

dtw2hyd wrote:
nordikcam wrote:
edealinfo wrote:
Couldn’t those flights be sold out as opposed to being cancelled


There would still be travelers who would have bought 9W tickets ? Yessss sarcasm !


I was booked on HYD-BLR-AMS-DTW on my return, BLR-HYD was cancelled by Jet, Delta changed it to HYD-BOM-AMS-DTW, BOM-AMS on KL Boeing 789.

SkyTeam has a lot of options going into BOM/DEL. Their main issue is domestic connections.


What if someone had booked a ticket from India to N. America on Jet-issued stock ticket? Would Jet rebook on skyTeam flights?
 
edealinfo
Posts: 1932
Joined: Mon Jan 21, 2019 7:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 7:36 pm

SBI Capital Markets is requesting bidders to send a certificate of solvency probably because it suspects those 2 bidders have no credibility. Too bad they are questioning my bid which was sent to the email address in the EOI, ha ha. I wonder who the other bidder is......probably another anetter?
Last edited by edealinfo on Wed Apr 10, 2019 7:44 pm, edited 2 times in total.
 
User avatar
unrave
Posts: 2670
Joined: Tue Jan 06, 2015 6:37 am

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 7:37 pm

edealinfo wrote:
dtw2hyd wrote:
nordikcam wrote:

There would still be travelers who would have bought 9W tickets ? Yessss sarcasm !


I was booked on HYD-BLR-AMS-DTW on my return, BLR-HYD was cancelled by Jet, Delta changed it to HYD-BOM-AMS-DTW, BOM-AMS on KL Boeing 789.

SkyTeam has a lot of options going into BOM/DEL. Their main issue is domestic connections.


What if someone had booked a ticket from India to N. America on Jet-issued stock ticket? Would Jet rebook on skyTeam flights?

Naresh Goyal will send them on his personal jet
Denial of racism is as egregious as racism itself
 
edealinfo
Posts: 1932
Joined: Mon Jan 21, 2019 7:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 7:41 pm

unrave wrote:
edealinfo wrote:
dtw2hyd wrote:

I was booked on HYD-BLR-AMS-DTW on my return, BLR-HYD was cancelled by Jet, Delta changed it to HYD-BOM-AMS-DTW, BOM-AMS on KL Boeing 789.

SkyTeam has a lot of options going into BOM/DEL. Their main issue is domestic connections.


What if someone had booked a ticket from India to N. America on Jet-issued stock ticket? Would Jet rebook on skyTeam flights?

Naresh Goyal will send them on his personal jet

My question was genuine and was looking for a realistic answer.
 
Exeiowa
Posts: 161
Joined: Fri Jul 06, 2018 4:49 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 7:49 pm

edealinfo wrote:
Why does IOC need to cut fuel supply on Jet’s leases planes, when lessors can’t deregister the plane and take it out of country unless the lessor clears the fuel bill on behalf of Jet. so, why cut fuel supply when there is a guaranteed backstop?


At this point nearly all of the flying frames are the "owned" ones, presumably loan holders are not held to the reimbursment requirement, like the lessor has too.

So you undermined my plan to submit a joint bid by Anet, along with its armchair fund. Shame on you!
 
User avatar
unrave
Posts: 2670
Joined: Tue Jan 06, 2015 6:37 am

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 7:50 pm

edealinfo wrote:
unrave wrote:
edealinfo wrote:

What if someone had booked a ticket from India to N. America on Jet-issued stock ticket? Would Jet rebook on skyTeam flights?

Naresh Goyal will send them on his personal jet

My question was genuine and was looking for a realistic answer.

Was your comment about sending a EOI genuine too?
Denial of racism is as egregious as racism itself
 
edealinfo
Posts: 1932
Joined: Mon Jan 21, 2019 7:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 7:55 pm

You got to love the Indian media. in a front page story the Hindu Business Line newspaper is positioning air Canada as the “dark horse” in the bidding solely because it asked a question
 
smartplane
Posts: 1053
Joined: Fri Aug 03, 2018 9:23 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 8:00 pm

edealinfo wrote:
Why does IOC need to cut fuel supply on Jet’s leases planes, when lessors can’t deregister the plane and take it out of country unless the lessor clears the fuel bill on behalf of Jet. so, why cut fuel supply when there is a guaranteed backstop?

Because IOC will have been notified by the aircraft owners, after which continued supply is reckless.
 
edealinfo
Posts: 1932
Joined: Mon Jan 21, 2019 7:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 8:10 pm

from the Hindu business line that named Air Canada as the “dark horse” ( their phrase not mine) In the bidding process.

“According to another source, Air Canada has sent a written application to the state-run bank seeking an extension.
According to one of the persons cited above, “Since Air Canada is an overseas airline and there is a time difference with India, the airline needs time for due diligence. The lenders have agreed to give an extension.”
Malaysian carrier Air Asia and Tata Sons joint venture Vistara are also understood to be among those who have sought a clarification from lenders. Jet Airways’ current joint venture investor Etihad Airways had also confirmed its interest in bidding for the beleaguered airline.”
 
User avatar
CPS001
Posts: 159
Joined: Sat Jul 07, 2018 6:05 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 8:17 pm

behramjee wrote:
BLR-AMS has been cancelled from tomorrow. Hue hue hue.

Well run airlines will soon take over Jet slots across India


I can verify that after checking on sabre gds, all BLR AMS BLR flights are showing closed for sale on THU FRI and SAT.

This Sunday BLR AMS BLR onwards is still showing open for sale.


MAA-CDG is also unavailable for booking from today.
 
dtw2hyd
Posts: 7213
Joined: Wed Jan 09, 2013 12:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 8:31 pm

I remember seeing A333 on DEL-MAA a few hours back. I thought that was a positioning flight for MAA-CDG. Oh well.
 
dtw2hyd
Posts: 7213
Joined: Wed Jan 09, 2013 12:11 pm

Re: Jet Airways: reports cash running out

Wed Apr 10, 2019 8:35 pm

edealinfo wrote:
from the Hindu business line that named Air Canada as the “dark horse” ( their phrase not mine) In the bidding process.

“According to another source, Air Canada has sent a written application to the state-run bank seeking an extension.
According to one of the persons cited above, “Since Air Canada is an overseas airline and there is a time difference with India, the airline needs time for due diligence. The lenders have agreed to give an extension.”
Malaysian carrier Air Asia and Tata Sons joint venture Vistara are also understood to be among those who have sought a clarification from lenders. Jet Airways’ current joint venture investor Etihad Airways had also confirmed its interest in bidding for the beleaguered airline.”


Remember now retired aviation secretary Chubey used to tell so many interested parties until the day AI bids closed. There were ZERO. There may not be any in this case also.

Keep in mind, PSBs are just going through motions to screw the public's money. They will be eager to write-off 8000 crores and give it to some buddy of someone. Just need enough lapsed time and enough paperwork to prove it. Due diligence, babu style.

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos