P1aneMad
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 11:42 am

SpiceJet is now the sole Indian airline left with MAX orders.
That is Boeing's biggest issue here.
The A320NEO becoming the default plane for airlines from a market of such potential.
 
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unrave
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 11:53 am

All international routes stand suspended till 15APR19. The airline seems to operate less than 15 planes currently. Meanwhile 9W staff have started protesting at BOM
Denial of racism is as egregious as racism itself
 
ameya
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 12:02 pm

Kingfisher vs Jet Airlines: Aviation authorities use different rulebooks to deal with each airline’s crisis

In 2012, one major airline collapsed. Two years later, another was on the brink. As Jet Airways – the country’s oldest private airline that has been operating for 25 years — is in free fall (its operating fleet count has dropped to below 10), the major concern revolves around how the passenger impact is minimised.

While SpiceJet lived to see another day, Kingfisher Airlines was not as lucky. Time will tell what happens with Jet.

On Thursday, Jet announced the suspension of its international departures from India. The last of those flights were inbound to India. Attention has shifted to the consortium of bankers as the Express of Interest (EoI) deadline ends later on Friday. The number of entities that have expressed interest and which of those entities ends up as the buyer will decide the future of the beleaguered airline.
 
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DL747400
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Re: Jet Airways: reports cash running out

Fri Apr 12, 2019 1:19 pm

edealinfo wrote:
Private equity firms TPG Capital and Indigo Partners, NIIF and Etihad Airways have bid for a stake in Jet Airways (India) Ltd

Lenders are now waiting for EoIs from Air Canada & Delta Airlines, which are likely to submit their initial bids in the next two days


https://www.livemint.com/market/mark-to ... 47165.html


I will be truly astounded if DL submits a bid for 9W, but if they do I would expect it to be one of the most highly conditional offers they've ever made, with many strings attached. And surely there must be a big potential payoff of some sort written into the deal beyond simply gaining India-originating feed for their planned USA-India nonstop.
From First to Worst: The history of Airliners.net.

All posts reflect my opinions, not those of my employer or any other company.
 
edealinfo
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 1:34 pm

Spicejet goes after Jet’s slots with a vengeance.......

“Budget Indian airline SpiceJet Ltd said on Friday it planned to lease a "first lot" of 16 Boeing Co 737-800s to help fill a gap in aviation capacity that ratings agency ICRA said has pushed up fares by 30 to 40 percent since SeptembeR”
 
P1aneMad
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 1:43 pm

I think the 16 737NGs that SpiceJet is leasing will be primarily used to fill the holes left to their network after they had to ground 12 MAXes.
 
edealinfo
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 1:46 pm

unrave wrote:
All international routes stand suspended till 15APR19. The airline seems to operate less than 15 planes currently. Meanwhile 9W staff have started protesting at BOM

from April 15, the pilots go on strike which conveniently means that SBI will blame the pilots for Jet’s permanent grounding in the near future
 
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unrave
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 1:46 pm

P1aneMad wrote:
I think the 16 737NGs that SpiceJet is leasing will be primarily used to fill the holes left to their network after they had to ground 12 MAXes.

They had quite a bit of slack in their schedule before the MAXes were grounded, so the grounding did not affect their schedules to a great extent. These additional aircraft will significantly boost their capacity. Check mate IndiGo.
Denial of racism is as egregious as racism itself
 
SeanM1997
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 1:50 pm

Jet Airways have given back their 3 remaining slots at London Heathrow to Etihad Airways:

https://twitter.com/SeanM1997/status/11 ... 8384820224
 
edealinfo
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 1:55 pm

unrave wrote:
P1aneMad wrote:
I think the 16 737NGs that SpiceJet is leasing will be primarily used to fill the holes left to their network after they had to ground 12 MAXes.

They had quite a bit of slack in their schedule before the MAXes were grounded, so the grounding did not affect their schedules to a great extent. These additional aircraft will significantly boost their capacity. Check mate IndiGo.


And if you read spicejet’s release they specifically state that the 16 newly leased aircraft are the first round of new leases meaning that they are in negotiations for more
 
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unrave
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 1:59 pm

SeanM1997 wrote:
Jet Airways have given back their 3 remaining slots at London Heathrow to Etihad Airways:

https://twitter.com/SeanM1997/status/11 ... 8384820224

With this the airline's operations at London come to an end.
Denial of racism is as egregious as racism itself
 
edealinfo
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Re: Jet Airways: reports cash running out

Fri Apr 12, 2019 2:00 pm

DL747400 wrote:
edealinfo wrote:
Private equity firms TPG Capital and Indigo Partners, NIIF and Etihad Airways have bid for a stake in Jet Airways (India) Ltd

Lenders are now waiting for EoIs from Air Canada & Delta Airlines, which are likely to submit their initial bids in the next two days


https://www.livemint.com/market/mark-to ... 47165.html


I will be truly astounded if DL submits a bid for 9W, but if they do I would expect it to be one of the most highly conditional offers they've ever made, with many strings attached. And surely there must be a big potential payoff of some sort written into the deal beyond simply gaining India-originating feed for their planned USA-India nonstop.


There is no chance that Delta would bid. Also, all the other so called interested parties will likely drop out when final bids are placed. The only likely bidder, if any, in the final round could be be Etihad, and the NIIF
 
LGWGate49
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 2:06 pm

9W's last ever international flight (AMS-DEL 9W233)?

https://www.flightradar24.com/JAI233/20214bdc
Look for the ridiculous in everything, and you will find it
 
Exeiowa
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 2:11 pm

Blaming people for not wanting to work for free seems a little off to me...

Pretty sure none of those bank people will be going home unpaid because these loans went bad.

There is that famous quote from a nobel about bankcuptsy which goes something like this

First it happen slowly then all of a sudden.

Most seem to follow that script. There is a bit from the same novel that talks about what lead up to it, where it talks about false friends and hangers on who all bail when the situation becomes evident. expect some of that next. People who never really knew them, were only slightly involved. We will see which rats come slinking out of the shaddows as it gets wound down.
 
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lightsaber
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 2:13 pm

Waiting on serious bidders?
http://m.atwonline.com/airlines/jet-air ... us-bidders

That means the bids aren't high enough... Rhoo rhoo. Usually the first bid is the best bid.

I don't know if Jet can survive to the pilot strike...

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blr380
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 2:21 pm

Per Flightradar only four birds in the air including the AMS return flight. In a matter of few hours this number will likely be zeroed out. https://flightaware.com/live/fleet/JAI

Each day of cancellations means more debt to process refunds. Will see if any bidder wants to take up all this mess. Sad to see this fate for 9W
 
anshabhi
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 2:24 pm

lightsaber wrote:

I don't know if Jet can survive to the pilot strike...

Lightsaber

I am more worried about how pilots are going to survive rest of their lives
 
edealinfo
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 2:41 pm

anshabhi wrote:
I am more worried about how pilots are going to survive rest of their lives

You don’t have to take that psychological burden (if any) upon yourself. so, please don’t worry!

pilots are highly skilled and prized profession and of all of Jet’s employees, they are the most likely to find good paying jobs in other airlines
 
edealinfo
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 2:56 pm

“The Indian prime minister's office has called for an urgent meeting to discuss issues with debt-laden carrier Jet Airways at 6pm India time (1230 GMT) on Friday, television news channels reported, citing sources. The Principal Secretary to Prime Minister Narendra Modi will chair the meeting, the TV channels said.“
 
edealinfo
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 2:58 pm

"SpiceJet will induct 16 Boeing 737-800 NG aircraft on dry lease and has applied to the Directorate General of Civil Aviation (DGCA) for a no objection certificate (NOC) to import the aircraft," the airline said. "Subject to regulatory approvals, the aircraft would begin joining SpiceJet fleet in the next 10 days," it added.
 
blr380
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 3:12 pm

edealinfo wrote:
“The Indian prime minister's office has called for an urgent meeting to discuss issues with debt-laden carrier Jet Airways at 6pm India time (1230 GMT) on Friday, television news channels reported, citing sources. The Principal Secretary to Prime Minister Narendra Modi will chair the meeting, the TV channels said.“

To talk about what??? Now?? Looks like everyone's waking up now. When this thread was started eight months back our fellow netters probably had more insight than these officials. There is not much to offer from any agency at this time other than a golden handshake.
 
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scbriml
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 3:12 pm

unrave wrote:
SeanM1997 wrote:
Jet Airways have given back their 3 remaining slots at London Heathrow to Etihad Airways:

https://twitter.com/SeanM1997/status/11 ... 8384820224

With this the airline's operations at London come to an end.


Wow, after just over 10 years, it will be a real shame not to see these any more.

Time flies like an arrow. Fruit flies like a banana!
There are 10 types of people in the World - those that understand binary and those that don't.
 
blrsea
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 3:23 pm

blr380 wrote:
edealinfo wrote:
“The Indian prime minister's office has called for an urgent meeting to discuss issues with debt-laden carrier Jet Airways at 6pm India time (1230 GMT) on Friday, television news channels reported, citing sources. The Principal Secretary to Prime Minister Narendra Modi will chair the meeting, the TV channels said.“

To talk about what??? Now?? Looks like everyone's waking up now. When this thread was started eight months back our fellow netters probably had more insight than these officials. There is not much to offer from any agency at this time other than a golden handshake.


Not all, many were saying it was a PR hatchet job till the very end :roll: One alleged "journo" and his lackey were blaming it all on Times group, Business-standard, some other "biased journos" and everyone else, even lying that pilots were paid basic salary! They were wondering why the employees weren't raising a stink even when not paid, so all that news should be fake PR hatchet job! They were calling all those posting news on worsening situation in Jet as shills of Indigo etc. Check out the Indian political thread in non-av too.

Goyal played a high stakes game and by the time he realized he had overplayed his hand, things were at a breaking point. If the PMO getting involved is true, expect SBI/PNB to extend around Rs 750-1500 crores loan to push the airline along for another month till elections are over.
 
moa999
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 3:36 pm

Push what along?

I can't imagine anyone would be making a jet booking at present.
 
anshabhi
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 4:21 pm

blrsea wrote:
Goyal played a high stakes game and by the time he realized he had overplayed his hand, things were at a breaking point. If the PMO getting involved is true, expect SBI/PNB to extend around Rs 750-1500 crores loan to push the airline along for another month till elections are over.

Congress is till today facing heat for extending loans to KF. Such a move by BJP would come at a great future political cost. I don't see it happening.

There was enough time for it to happen so far, but it just didn't happen.
 
blr380
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 4:24 pm

blrsea wrote:
blr380 wrote:
edealinfo wrote:
“The Indian prime minister's office has called for an urgent meeting to discuss issues with debt-laden carrier Jet Airways at 6pm India time (1230 GMT) on Friday, television news channels reported, citing sources. The Principal Secretary to Prime Minister Narendra Modi will chair the meeting, the TV channels said.“

To talk about what??? Now?? Looks like everyone's waking up now. When this thread was started eight months back our fellow netters probably had more insight than these officials. There is not much to offer from any agency at this time other than a golden handshake.


Not all, many were saying it was a PR hatchet job till the very end :roll: One alleged "journo" and his lackey were blaming it all on Times group, Business-standard, some other "biased journos" and everyone else, even lying that pilots were paid basic salary! They were wondering why the employees weren't raising a stink even when not paid, so all that news should be fake PR hatchet job! They were calling all those posting news on worsening situation in Jet as shills of Indigo etc. Check out the Indian political thread in non-av too.

Goyal played a high stakes game and by the time he realized he had overplayed his hand, things were at a breaking point. If the PMO getting involved is true, expect SBI/PNB to extend around Rs 750-1500 crores loan to push the airline along for another month till elections are over.

Agree - but, 1500 crores will do nothing at this time. Can barely pay for refunds. No staff will return without salaries and this start-up money is too late if it does get released. Not to get political, but the elections have nothing to do with 9W fiasco at this time.
 
anshabhi
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 4:33 pm

Jet will operate only 6-7 aircraft from now onwards:

https://m.timesofindia.com/business/ind ... 854135.cms

So it's officially the smallest airline now
 
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unrave
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 5:17 pm

NG has submitted an EoI minutes before the deadline
Denial of racism is as egregious as racism itself
 
CaliguyNYC
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 5:45 pm

unrave wrote:
NG has submitted an EoI minutes before the deadline


Ha - so do we know all the players that submitted?
Btw 9W
s stock is still holding strong - don't understand this. Seems like even if no flights are flown, the stock won't plummet.
 
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lightsaber
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 6:22 pm

blr380 wrote:
blrsea wrote:
blr380 wrote:
To talk about what??? Now?? Looks like everyone's waking up now. When this thread was started eight months back our fellow netters probably had more insight than these officials. There is not much to offer from any agency at this time other than a golden handshake.


Not all, many were saying it was a PR hatchet job till the very end :roll: One alleged "journo" and his lackey were blaming it all on Times group, Business-standard, some other "biased journos" and everyone else, even lying that pilots were paid basic salary! They were wondering why the employees weren't raising a stink even when not paid, so all that news should be fake PR hatchet job! They were calling all those posting news on worsening situation in Jet as shills of Indigo etc. Check out the Indian political thread in non-av too.

Goyal played a high stakes game and by the time he realized he had overplayed his hand, things were at a breaking point. If the PMO getting involved is true, expect SBI/PNB to extend around Rs 750-1500 crores loan to push the airline along for another month till elections are over.

Agree - but, 1500 crores will do nothing at this time. Can barely pay for refunds. No staff will return without salaries and this start-up money is too late if it does get released. Not to get political, but the elections have nothing to do with 9W fiasco at this time.

Err... See my quote above. 1,500 crore wouldn't pay for half the refunds.

At this time, I estimate the first 7,500 crore just pays past due bills. No one can be made even half whole and have a rescue business case. At this point Jet is being allowed to operate for reasons I do not understand.

Lightsaber
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edealinfo
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 6:42 pm

lightsaber wrote:

At this time, I estimate the first 7,500 crore just pays past due bills.

Lightsaber

How do you know the plan doesn’t involve paying just new bills not old ones for which lessors have anyway withdrawn their aircraft. Heck, the new bills could go to the “new” Jet and the old bills could remain on the old or bad Jet
 
edealinfo
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 6:46 pm

Didn’t some comment athat anything and anyway Suresh Prabhu goes in Government he leaves beyond a trail of destruction. how come the media has not picked up on this story. jet’s Collapse also happened under his watch and with public sector banks holding the bag, he should take some blame.
 
anshabhi
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 6:51 pm

edealinfo wrote:
Didn’t some comment athat anything and anyway Suresh Prabhu goes in Government he leaves beyond a trail of destruction. how come the media has not picked up on this story. jet’s Collapse also happened under his watch and with public sector banks holding the bag, he should take some blame.

Ohhh right just see how safe railways has been ever since he left the ministry..

CaliguyNYC wrote:
unrave wrote:
NG has submitted an EoI minutes before the deadline


Ha - so do we know all the players that submitted?
Btw 9W
s stock is still holding strong - don't understand this. Seems like even if no flights are flown, the stock won't plummet.

I strongly feel some manipulation is going on. However, puts for 9W have become very expensive with even 220 PE selling around 8 while current stock price is 260 and expiry is only 2 weeks away. The stock is under FNO ban and that's another reason for limited voltality currently
 
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lightsaber
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 6:54 pm

edealinfo wrote:
lightsaber wrote:

At this time, I estimate the first 7,500 crore just pays past due bills.

Lightsaber

How do you know the plan doesn’t involve paying just new bills not old ones for which lessors have anyway withdrawn their aircraft. Heck, the new bills could go to the “new” Jet and the old bills could remain on the old or bad Jet

I don't know Indian bankruptcy law. Please provide a link where they can walk away from obligations. Is forming a bad and good jet allowed? Indian law is so complicated, I'm not sure what is allowed. A form of Chapter 11/7 is obviously needed.

From what I've seen, walking away from obligations is... messy at best. Is there a clean way to avoid fighting every claim?

What is a bidder getting? Opaque legal processes slow economic growth, read Bernstein's excellent books.

Lightsaber
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Antarius
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 7:17 pm

LGWGate49 wrote:
9W's last ever international flight (AMS-DEL 9W233)?

https://www.flightradar24.com/JAI233/20214bdc


I hope they buzz the tower (or NG's house). Similar to the final Airberlin flight into DUS

https://youtu.be/Ze1Zd0loidk
2019: SIN HKG NRT DFW IAH HOU CLT LGA JFK SFO SJC EWR SNA EYW MIA BOG LAX ORD DTW OAK PVG BOS DCA IAD ATL LAS BIS CUN PHX OAK SYD CVG PHL MAD ORY CDG SLC SJU BQN DEN DOH BLR MAA KTM YYZ MEX
 
hohd
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 8:11 pm

Who in the right minds will buy a ticket on Jet now. Any point in even flying these 6 or 7 aircraft. Might as well scrap all flights and wait for a solution from the consortium of lenders.
 
c933103
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 8:18 pm

Local news (not India) said international flights suspension are until Monday?
Say NO to Hong Kong police's cooperation with criminal organizations like triad.
 
vadodara
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 8:57 pm

edealinfo wrote:
Didn’t some comment athat anything and anyway Suresh Prabhu goes in Government he leaves beyond a trail of destruction. how come the media has not picked up on this story. jet’s Collapse also happened under his watch and with public sector banks holding the bag, he should take some blame.


Umm Prabhu has gone on record that govt cannot interfere in an individual airline’s business. Where is the
Problem with that approach?

In any case banks are Different ministry, not Prabhu. Why should the FM compound the mistakes of past by lending more?
 
CaliguyNYC
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 8:59 pm

lightsaber wrote:
edealinfo wrote:
lightsaber wrote:

At this time, I estimate the first 7,500 crore just pays past due bills.

Lightsaber

How do you know the plan doesn’t involve paying just new bills not old ones for which lessors have anyway withdrawn their aircraft. Heck, the new bills could go to the “new” Jet and the old bills could remain on the old or bad Jet

I don't know Indian bankruptcy law. Please provide a link where they can walk away from obligations. Is forming a bad and good jet allowed? Indian law is so complicated, I'm not sure what is allowed. A form of Chapter 11/7 is obviously needed.

From what I've seen, walking away from obligations is... messy at best. Is there a clean way to avoid fighting every claim?

What is a bidder getting? Opaque legal processes slow economic growth, read Bernstein's excellent books.

Lightsaber


At this stage I don't think it matters. They would be better to just sell off the assets. That we know the banks can do. They then work out some formula for how each debt holder gets paid. If I had to bet, that is probably what the bidders will propose.
 
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lightsaber
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 9:10 pm

edealinfo wrote:
anshabhi wrote:
I am more worried about how pilots are going to survive rest of their lives

You don’t have to take that psychological burden (if any) upon yourself. so, please don’t worry!

pilots are highly skilled and prized profession and of all of Jet’s employees, they are the most likely to find good paying jobs in other airlines

The pilots have job offers from Indigo, SpiceJet and the ME3. The wise ones already jumped ship.

This shouldn't be a surprise. Jet failed back in October when this thread started. It just took a long time to accept reality.

The big damage is to the banks. This will impact Indian lending for years.


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dtw2hyd
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 9:14 pm

edealinfo wrote:
lightsaber wrote:

At this time, I estimate the first 7,500 crore just pays past due bills.

Lightsaber

How do you know the plan doesn’t involve paying just new bills not old ones for which lessors have anyway withdrawn their aircraft. Heck, the new bills could go to the “new” Jet and the old bills could remain on the old or bad Jet


That is where the rest of the world differs from US Chapter 11 restructuring laws, where the preferential hierarchy goes into dustbin and airline management can pay whoever they want, with a Judge's signature, of course.

Most of the world has bankruptcy laws (US Chapter 7) where a company goes into receivership/administration/insolvency, where creditors get paid by the initial hierarchy.

Chapter 11 which is actually a restructure not bankruptcy in true terms, hence the confusion.
 
voxkel
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 10:22 pm

9W233 just landed at DEL. According to Flightaware, there are 0 Jet Airways flights airbourne at the moment.

The airline outlined routes that they will supposedly be operating today, but won't be surprised if many of those too don't come to fruition.

9W may be done for good.
 
edealinfo
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 11:00 pm

I guess no international flights for 3 reasons:
1. no money to operate it.
2. Creditors may seize the aircraft with a court order and hold it as collateral till the debt is settled.
3. Pilots may strike when some of their aircraft are still at airports internationally.

So, they needed all their wide bodies to “come home to mamma” (home base) before it is too late. They would rather it rot at INdian airports (like the Kingfisher planes) than a foreigner gain some utility from it
 
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lightsaber
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Re: Jet Airways Latest Developments Discussion Thread

Fri Apr 12, 2019 11:14 pm

dtw2hyd wrote:
edealinfo wrote:
lightsaber wrote:

At this time, I estimate the first 7,500 crore just pays past due bills.

Lightsaber

How do you know the plan doesn’t involve paying just new bills not old ones for which lessors have anyway withdrawn their aircraft. Heck, the new bills could go to the “new” Jet and the old bills could remain on the old or bad Jet


That is where the rest of the world differs from US Chapter 11 restructuring laws, where the preferential hierarchy goes into dustbin and airline management can pay whoever they want, with a Judge's signature, of course.

Most of the world has bankruptcy laws (US Chapter 7) where a company goes into receivership/administration/insolvency, where creditors get paid by the initial hierarchy.

Chapter 11 which is actually a restructure not bankruptcy in true terms, hence the confusion.

Dtw2Hyd, I believe you just made my point. Unless India has restructuring laws, jet is done. It must be to advantage for secured assets to allow the business to continue or all the aircraft have liens. Liens where first priority fly them out of India per Capetown. Anything else mucks up asset backed loans for all of India.

Unfortunately, Jet's value was as a going concern. I say was as untangling all of this requires a shutdown.

Sad, but done, unless there is a version of Ch 11. For creditors and employees, that would be best. As there is no net equity, stockholders are out of luck.

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edealinfo
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Joined: Mon Jan 21, 2019 7:11 pm

Re: Jet Airways Latest Developments Discussion Thread

Sat Apr 13, 2019 12:39 am

With the 12 planes that spicejet will get in the next 10 days, if deployed at BOM only doing round trips to different points but returning to BOM each time , will it be enough to hog all the available vacated Jet slots. If so, Spicejet has played the master stroke.
 
CaliguyNYC
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Re: Jet Airways Latest Developments Discussion Thread

Sat Apr 13, 2019 1:22 am

edealinfo wrote:
With the 12 planes that spicejet will get in the next 10 days, if deployed at BOM only doing round trips to different points but returning to BOM each time , will it be enough to hog all the available vacated Jet slots. If so, Spicejet has played the master stroke.


The ministry was pretty clear these are temporary grants of slots. Even if Jet goes under, my guess is the GOI will formally allocate the slots through another process
 
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unrave
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Re: Jet Airways Latest Developments Discussion Thread

Sat Apr 13, 2019 2:39 am

Denial of racism is as egregious as racism itself
 
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lightsaber
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Re: Jet Airways Latest Developments Discussion Thread

Sat Apr 13, 2019 2:44 am

CaliguyNYC wrote:
edealinfo wrote:
With the 12 planes that spicejet will get in the next 10 days, if deployed at BOM only doing round trips to different points but returning to BOM each time , will it be enough to hog all the available vacated Jet slots. If so, Spicejet has played the master stroke.


The ministry was pretty clear these are temporary grants of slots. Even if Jet goes under, my guess is the GOI will formally allocate the slots through another process

Possession is nine tenths of the law. If Jet restarts, they lose some. Otherwise, SpiceJet looks to have played this perfectly. Kudos to them.

SpiceJet can block reallocation until most stay in their possession.

Lightsaber
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SQ789
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Re: Jet Airways Latest Developments Discussion Thread

Sat Apr 13, 2019 4:46 am

I am shocked to see SIN, HKG and most other are removed from 9W’s network now. Hope other airlines are taking over these routes affected by this airline cancellation
If it's not Boeing, I'm not going!
 
voxkel
Posts: 125
Joined: Tue Nov 01, 2016 9:17 pm

Re: Jet Airways Latest Developments Discussion Thread

Sat Apr 13, 2019 5:00 am

SQ789 wrote:
I am shocked to see SIN, HKG and most other are removed from 9W’s network now. Hope other airlines are taking over these routes affected by this airline cancellation


LHR is most interesting to me. BOM-LHR lost 3x 77W and today only has daily 788, 789, and 77E. I would guess more than 60% of capacity has been lost on this sector the past month.

I wouldn't be surprised if BA places 744 on BOM-LHR.

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