Moderators: jsumali2, richierich, ua900, PanAm_DC10, hOMSaR

 
pdp
Posts: 245
Joined: Thu Dec 14, 2017 7:14 pm

Re: Jet Airways: Shutdown

Sat Sep 21, 2019 6:09 am

airboss787 wrote:
Looking at the quick re-allocation of most 737s in Jet's fleet, I would assume Jet had very good record keeping of the maintenance records of each aircraft since it seems even international airlines are quickly absorbing these planes.


From a source I have at one airline... No.

They took delivery of an ex-Jet 737 and have basically had to strip it back because the book doesn't match reality!
 
airboss787
Posts: 274
Joined: Mon Apr 29, 2019 11:39 pm

Re: Jet Airways: Shutdown

Sat Sep 21, 2019 7:21 am

pdp wrote:
airboss787 wrote:
Looking at the quick re-allocation of most 737s in Jet's fleet, I would assume Jet had very good record keeping of the maintenance records of each aircraft since it seems even international airlines are quickly absorbing these planes.


From a source I have at one airline... No.

They took delivery of an ex-Jet 737 and have basically had to strip it back because the book doesn't match reality!


Interesting, so they want the aircraft knowing they have to spend money on getting it upto speed. And even then it is worth it for them compared to finding other sources for their needs.
Star Alliance Gold
 
bennett123
Posts: 9809
Joined: Sun Aug 15, 2004 12:49 am

Re: Jet Airways: Shutdown

Sat Sep 21, 2019 7:52 am

I expect that the MAX situation is a major factor.
 
pdp
Posts: 245
Joined: Thu Dec 14, 2017 7:14 pm

Re: Jet Airways: Shutdown

Sat Sep 21, 2019 8:16 am

airboss787 wrote:
pdp wrote:
airboss787 wrote:
Looking at the quick re-allocation of most 737s in Jet's fleet, I would assume Jet had very good record keeping of the maintenance records of each aircraft since it seems even international airlines are quickly absorbing these planes.


From a source I have at one airline... No.

They took delivery of an ex-Jet 737 and have basically had to strip it back because the book doesn't match reality!


Interesting, so they want the aircraft knowing they have to spend money on getting it upto speed. And even then it is worth it for them compared to finding other sources for their needs.


I think it was more of an "oh sh*t" moment when they started doing the refurb to their specs!
 
User avatar
Phosphorus
Posts: 1038
Joined: Tue May 16, 2017 11:38 am

Re: Jet Airways: Shutdown

Sat Sep 21, 2019 10:42 am

airboss787 wrote:
pdp wrote:
airboss787 wrote:
Looking at the quick re-allocation of most 737s in Jet's fleet, I would assume Jet had very good record keeping of the maintenance records of each aircraft since it seems even international airlines are quickly absorbing these planes.


From a source I have at one airline... No.

They took delivery of an ex-Jet 737 and have basically had to strip it back because the book doesn't match reality!


Interesting, so they want the aircraft knowing they have to spend money on getting it upto speed. And even then it is worth it for them compared to finding other sources for their needs.


Shortage of frames, following MAX grounding, reduces available choice.

The cost to do a "bridging check", or whatever this refurbishing is called, is inevitable anyway -- unless the plane is to be scrapped. I would gather, there must be an arrangement between leasing company and lessee -- who would eat this extra cost -- of bringing a frame, repossessed from a collapsing operator, back to speed.
AN4 A40 L4T TU3 TU5 IL6 ILW I93 F50 F70 100 146 ARJ AT7 DH4 L10 CRJ ERJ E90 E95 DC-9 MD-8X YK4 YK2 SF3 S20 319 320 321 332 333 343 346 722 732 733 734 735 73G 738 739 744 74M 757 767 777
Ceterum autem censeo, Moscovia esse delendam
 
User avatar
lightsaber
Moderator
Topic Author
Posts: 20291
Joined: Wed Jan 19, 2005 10:55 pm

Re: Jet Airways: Shutdown

Sat Sep 21, 2019 3:30 pm

Phosphorus wrote:
airboss787 wrote:
pdp wrote:

From a source I have at one airline... No.

They took delivery of an ex-Jet 737 and have basically had to strip it back because the book doesn't match reality!


Interesting, so they want the aircraft knowing they have to spend money on getting it upto speed. And even then it is worth it for them compared to finding other sources for their needs.


Shortage of frames, following MAX grounding, reduces available choice.

The cost to do a "bridging check", or whatever this refurbishing is called, is inevitable anyway -- unless the plane is to be scrapped. I would gather, there must be an arrangement between leasing company and lessee -- who would eat this extra cost -- of bringing a frame, repossessed from a collapsing operator, back to speed.

This is like buying a house. I agree to pay X unless more than Y of repairs is found in the inspection. The issue is this inspection costs hundreds of thousands of dollars, so much is found later.

The Jet Airways 737s were not well maintained. Because of the MAX situation, the leasing companies did ok. These aircraft are worth enough to be brought back to flying condition, but the process would have been different if not for the MAX.

Once the MAX grounding is lifted, we will see about 800 inducted into service quickly. That shock to the airline industry will be felt quickly. For example, SpiceJet will suddenly have a substantial fleet and the Jet MAXes will find a home. Expect a shock to fares downward as capacity is added.

Lightsaber
Winter is coming.
 
danipawa
Posts: 477
Joined: Sat Oct 01, 2016 1:18 am

Re: Jet Airways: Shutdown

Tue Sep 24, 2019 12:26 am

Boeing 737 -83N 32577 973 N445CC GECAS regd 18sep19 prior ferry ex DMK for freighter conversion ex HS-DBE
Boeing 737 -96NER 35223 2359 OE-IDW GECAS ferried 23sep19 QLA-SNN, for paint, for SkyUp Arlines ex VT-JLH
Boeing 737 -86N 38030 4139 VT- SpiceJet delivery 18sep19 HYD-DEL-DXB-DEL, 2-reg after paint ex 2-JFCG

source:https://www.skyliner-aviation.de/regdb.main?LC=nav4&page=3
 
User avatar
HAWK21M
Posts: 30089
Joined: Fri Jan 05, 2001 10:05 pm

The 9W situation

Thu Oct 03, 2019 9:27 am

Anyone aware of the 9W situation currently.
From the look of it...restarting looks very remote as there are no interested investors.
What would be the next step.
I may not win often, but I damn well never lose!!! ;)
 
juliuswong
Posts: 2021
Joined: Wed Dec 14, 2016 3:22 am

Re: Jet Airways: Shutdown

Mon Oct 07, 2019 11:50 pm

Ukraine's SkyUp Airlines has taken all four B737-96N/ER of 9W.
VT-JLH 35223/ 2559
VT-JLJ 35225/ 2590
VT-JBZ 36539/ 2596
VT-JBY 35227/ 2621

Another went to Spicejet:
VT-JGC 30412/ 1314
Boeing 737-95R
VT-SYL SpiceJet

Unaccounted for:
VT-JGD 33740/ 1350
Boeing 737-95R

Source: https://www.planespotters.net/
- Life is a journey, travel it well -
 
User avatar
unrave
Posts: 2682
Joined: Tue Jan 06, 2015 6:37 am

Re: The 9W situation

Tue Oct 08, 2019 7:48 am

HAWK21M wrote:
Anyone aware of the 9W situation currently.
From the look of it...restarting looks very remote as there are no interested investors.
What would be the next step.

The next step would be winding down of whatever assets still under the possession of Jet Airways. It remains to be seen how Jet's regulatory assets (airport slots and bilateral rights) will be handled.
17April2019: RIP Jet Airways
 
sibibom
Posts: 468
Joined: Fri Aug 12, 2016 7:04 am

Re: Jet Airways: Shutdown

Tue Oct 08, 2019 12:41 pm

Another victim of Jet Airways saga....huge loss of business and probably they are owed a ton of money too.

Oberoi looks to exit flight services business

Read more at:
//economictimes.indiatimes.com/articleshow/71485780.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
 
danipawa
Posts: 477
Joined: Sat Oct 01, 2016 1:18 am

Re: Jet Airways: Shutdown

Thu Oct 10, 2019 6:02 pm

Gol is taking Jet NTU units of the MAX 8: link in spanish

https://aviacionaldia.com/2019/10/la-br ... rways.html
 
danipawa
Posts: 477
Joined: Sat Oct 01, 2016 1:18 am

Re: Jet Airways: Shutdown

Sat Oct 12, 2019 4:49 pm

Boeing 737 ‑96NER 35223 2559 UR-SQI SkyUp Airlines delivery 10oct19 QLA-KBP ex OE-IDW

source https://www.skyliner-aviation.de/regdb. ... av4&page=3
 
User avatar
Phosphorus
Posts: 1038
Joined: Tue May 16, 2017 11:38 am

Re: Jet Airways: Shutdown

Sun Oct 13, 2019 5:29 pm

danipawa wrote:
Boeing 737 ‑96NER 35223 2559 UR-SQI SkyUp Airlines delivery 10oct19 QLA-KBP ex OE-IDW

source https://www.skyliner-aviation.de/regdb. ... av4&page=3


Appears to have performed a flight to Antalya and back by now.

In the meantime, SkyUp delivery schedule indicates one more Jet 737-900 to be taken up in December, and the other two -- in April 2020.
AN4 A40 L4T TU3 TU5 IL6 ILW I93 F50 F70 100 146 ARJ AT7 DH4 L10 CRJ ERJ E90 E95 DC-9 MD-8X YK4 YK2 SF3 S20 319 320 321 332 333 343 346 722 732 733 734 735 73G 738 739 744 74M 757 767 777
Ceterum autem censeo, Moscovia esse delendam
 
User avatar
aemoreira1981
Posts: 3611
Joined: Mon Jan 09, 2017 12:17 am

Re: Jet Airways: Shutdown

Sun Oct 13, 2019 5:44 pm

Curious: what about the wide-body fleet? Some of them were missing engines and were in bad shape, like VT-JWV and VT-JWW...which apparently haven't left India (these were owned frames). The narrow-body fleet found mostly new homes, with a good deal remaining in India. Also, B77Ws VT-JEM/S/T/U/W are still in India as well...why haven't the banks who financed those frames sought to repossess the frames?
 
zionite
Posts: 105
Joined: Wed Aug 03, 2016 6:18 pm

Re: Jet Airways: Shutdown

Sat Oct 19, 2019 10:00 am

Anyone has any list of repainted ex-9W aircraft taken up by SpiceJet?

From what I could gather from various online sources, FR24 and photos,

Following aircraft were taken up in stickers pasted on 9W aircraft which were later repainted:
VT-SYH - Delivered 26-04-2019 - Possibly repainted between 25-06-2019 and 30-06-2019.
VT-SYE - Delivered 09-05-2019 - Possibly repainted between 27-06-2019 and 02-07-2019.
VT-SYN - Delivered 26-04-2019 - Possibly repainted between 30-06-2019 and 05-07-2019.
(also converted to single class as per https://www.cnbctv18.com/aviation/how-spicejet-is-significantly-expanding-capacity-by-reconfiguring-its-aircraft-4530471.htm).

Following ex-9W aircraft were repainted before taking delivery:
VT-SYV - Delivered 18-09-2019.
VT-SYZ - Delivered 27-04-2019.
 
User avatar
unrave
Posts: 2682
Joined: Tue Jan 06, 2015 6:37 am

Re: Jet Airways: Shutdown

Wed Nov 06, 2019 3:45 pm

Update: Jet Airways is most probably heading to liquidation
17April2019: RIP Jet Airways
 
User avatar
unrave
Posts: 2682
Joined: Tue Jan 06, 2015 6:37 am

Re: Jet Airways: Shutdown

Thu Nov 21, 2019 3:36 am

CoC has granted an extension to Synergy till 16Dec for a final resolution plan
https://www.thehindubusinessline.com/ec ... 019017.ece

Anybody know what has happened to Naresh Goyal? We haven't heard much about him since he was offloaded from the Emirates aircraft trying to flee the country. What an inglorious fall for the "maverick"
17April2019: RIP Jet Airways
 
na
Posts: 9770
Joined: Sun Dec 12, 1999 3:52 am

Re: Jet Airways: Shutdown

Thu Nov 21, 2019 9:51 am

So after 7 months all 10 77Ws are still stored and did not attract any interest from somewhere else?
 
SeanM1997
Posts: 422
Joined: Wed Jun 20, 2018 7:27 pm

Re: Jet Airways: Shutdown

Thu Nov 21, 2019 10:40 am

In Summer 2018, the London Heathrow - Delhi/Mumbai flights were:

LHR - DEL (6x daily)
Air India - 2x daily
British Airways - 2x daily
Jet Airways - 1x daily
Virgin Atlantic - 1x daily

LHR - BOM (6x daily)
Air India - 1x daily
British Airways - 2x daily
Jet Airways - 3x daily

In Summer 2020, the routes will be:

LHR - DEL (6x daily)
Air India - 2x daily
British Airways - 2x daily
Virgin Atlantic - 2x daily

LHR - BOM (5x daily except Mon/Thur)
Air India - 1x daily
British Airways - 19x weekly
Virgin Atlantic - 1x daily

Air India and British Airways are using larger aircraft but seats are not matching S18 levels just yet
 
SeanM1997
Posts: 422
Joined: Wed Jun 20, 2018 7:27 pm

Re: Jet Airways: Shutdown

Thu Nov 21, 2019 10:45 am

In Summer 2018, the London Heathrow - Delhi/Mumbai flights were:

LHR - DEL (6x daily)
Air India - 2x daily
British Airways - 2x daily
Jet Airways - 1x daily
Virgin Atlantic - 1x daily

LHR - BOM (6x daily)
Air India - 1x daily
British Airways - 2x daily
Jet Airways - 3x daily

In Summer 2020, the routes will be:

LHR - DEL (6x daily)
Air India - 2x daily
British Airways - 2x daily
Virgin Atlantic - 2x daily

LHR - BOM (5x daily except Mon/Thur)
Air India - 1x daily
British Airways - 19x weekly
Virgin Atlantic - 1x daily

Air India and British Airways are using larger aircraft but seats are not matching S18 levels just yet
 
SeanM1997
Posts: 422
Joined: Wed Jun 20, 2018 7:27 pm

Re: Jet Airways: Shutdown

Thu Nov 21, 2019 11:00 am

In Summer 2018, the London Heathrow - Delhi/Mumbai flights were:

LHR - DEL (6x daily)
Air India - 2x daily
British Airways - 2x daily
Jet Airways - 1x daily
Virgin Atlantic - 1x daily

LHR - BOM (6x daily)
Air India - 1x daily
British Airways - 2x daily
Jet Airways - 3x daily

In Summer 2020, the routes will be:

LHR - DEL (6x daily)
Air India - 2x daily
British Airways - 2x daily
Virgin Atlantic - 2x daily

LHR - BOM (5x daily except Mon/Thur)
Air India - 1x daily
British Airways - 19x weekly
Virgin Atlantic - 1x daily

Air India and British Airways are using larger aircraft but seats are not matching S18 levels just yet
 
VSMUT
Posts: 4576
Joined: Mon Aug 08, 2016 11:40 am

Re: Jet Airways: Shutdown

Thu Nov 21, 2019 11:30 am

na wrote:
So after 7 months all 10 77Ws are still stored and did not attract any interest from somewhere else?


I've seen several. They are looking more and more dilapidated. Missing engines, no covers, one had open doors. Would not surprise me if a few of them will never fly again. The amount of work required just to get it out of India to a workshop will be tremendous, let alone getting it into a decent condition again.
Saw a pair of A330s in Mumbai that looked bad too, looked like one was missing some passenger windows, with the temporary covers having long since blown off.
 
User avatar
unrave
Posts: 2682
Joined: Tue Jan 06, 2015 6:37 am

Re: Jet Airways: Shutdown

Thu Nov 21, 2019 11:43 am

VSMUT wrote:
Saw a pair of A330s in Mumbai that looked bad too, looked like one was missing some passenger windows, with the temporary covers having long since blown off.

How do windows even go missing?
17April2019: RIP Jet Airways
 
VSMUT
Posts: 4576
Joined: Mon Aug 08, 2016 11:40 am

Re: Jet Airways: Shutdown

Thu Nov 21, 2019 11:50 am

unrave wrote:
VSMUT wrote:
Saw a pair of A330s in Mumbai that looked bad too, looked like one was missing some passenger windows, with the temporary covers having long since blown off.

How do windows even go missing?


No clue, maybe it was under maintenance and got dragged out due to unpaid bills? Got pulled off to get another A330 out of India?
 
DIJKKIJK
Posts: 1865
Joined: Sun Jul 27, 2003 11:03 pm

Re: Jet Airways: Shutdown

Thu Nov 21, 2019 12:32 pm

na wrote:
So after 7 months all 10 77Ws are still stored and did not attract any interest from somewhere else?


One flew out of DEL sometime back, wearing an Austrian OE registration.

Another is sitting in AMS, impounded for non-payment of dues.

The rest are in India.
Never argue with idiots. They will bring you down to their level, and beat you with experience.
 
DIJKKIJK
Posts: 1865
Joined: Sun Jul 27, 2003 11:03 pm

Re: Jet Airways: Shutdown

Thu Nov 21, 2019 12:34 pm

pdp wrote:
airboss787 wrote:
Looking at the quick re-allocation of most 737s in Jet's fleet, I would assume Jet had very good record keeping of the maintenance records of each aircraft since it seems even international airlines are quickly absorbing these planes.


From a source I have at one airline... No.

They took delivery of an ex-Jet 737 and have basically had to strip it back because the book doesn't match reality!


In their prime, Jet had a fantastic maintenance program.

I guess things started going bad during their last year of operation.
Never argue with idiots. They will bring you down to their level, and beat you with experience.
 
juliuswong
Posts: 2021
Joined: Wed Dec 14, 2016 3:22 am

Re: Jet Airways: Shutdown

Wed Dec 18, 2019 1:36 am

One movement for Jet Airways ATR 72:
ATR 72‑212A(500) 841 M-ABMF AerGo Capital Leasing ferried 14dec19 MAA-HYD by Azur Aviation ex VT-JCP
Source: https://www.skyliner-aviation.de/regdb. ... av4&page=2
- Life is a journey, travel it well -
 
danipawa
Posts: 477
Joined: Sat Oct 01, 2016 1:18 am

Re: Jet Airways: Shutdown

Tue Jan 07, 2020 12:28 am

As reported by Live from a Lounge earlier today, Vistara has made the decision to start offloading its older Boeing 737s.

The first two Boeing 737s, registered VT-TGC and VT-TGF, will be removed from Vistara’s fleet this month.

https://simpleflying.com/vistara-jet-ai ... Z5wBGVD7mg
 
User avatar
CPS001
Posts: 249
Joined: Sat Jul 07, 2018 6:05 pm

Re: Jet Airways: Shutdown

Wed Jan 08, 2020 2:56 pm

M-ABMB (c/n 771, ex VT-JCJ), Aergo Capital, ferried out of MAA today.
 
edealinfo
Posts: 2707
Joined: Mon Jan 21, 2019 7:11 pm

Re: Jet Airways: Shutdown

Wed Jan 08, 2020 4:43 pm

CPS001 wrote:
M-ABMB (c/n 771, ex VT-JCJ), Aergo Capital, ferried out of MAA today.

So, what’s left of the Jet Airways fleet?
 
User avatar
HAWK21M
Posts: 30089
Joined: Fri Jan 05, 2001 10:05 pm

Re: Jet Airways: Shutdown

Mon Jan 27, 2020 11:09 am

unrave wrote:
Update: Jet Airways is most probably heading to liquidation


Things seem to be going that way due lack on Interested parties to take over.
I may not win often, but I damn well never lose!!! ;)
 
behramjee
Posts: 5106
Joined: Sat Aug 02, 2003 4:56 am

Re: Jet Airways: Shutdown

Mon Jan 27, 2020 11:16 am

Flydubai are very keen to dry lease used B738s from anywhere for 1-2 years so these discarded aircraft from Indian carriers (ex 9W planes) would be useful for them.
 
User avatar
trinidadeG
Posts: 249
Joined: Tue Jun 30, 2009 7:43 am

Re: Jet Airways: Shutdown

Sat Jun 06, 2020 3:00 pm

Jet Airways' Resolution Professional has short-listed four companies for placing a financial bid for acquiring Jet Airways.

According to sources privy to the information, Alpha Aviation, Kalrock Capital, Imperial Capital, and Siva Rasiah have been shortlisted. These four companies will be given one month for due diligence after which, if interested, they will have to place a firm bid and a resolution plan.

https://www.thehindubusinessline.com/ec ... 740147.ece
 
danipawa
Posts: 477
Joined: Sat Oct 01, 2016 1:18 am

Re: Jet Airways: Shutdown

Sat Jun 06, 2020 3:19 pm

Hope to see them flying again

whats the current fleet status ?
 
airboss787
Posts: 274
Joined: Mon Apr 29, 2019 11:39 pm

Re: Jet Airways: Shutdown

Sat Jun 06, 2020 10:18 pm

This is just getting ridiculous now. Let the thing die peacefully.
Star Alliance Gold
 
zuckie13
Posts: 314
Joined: Fri Mar 02, 2018 8:23 pm

Re: Jet Airways: Shutdown

Sat Jun 06, 2020 11:52 pm

First I have to laugh "While nearly seven entities had submitted Expression of Interests (EoIs)". Does that mean one of them didn't even qualify as a whole entity? (I'm sure it's just a translation thing).

Seriously, though, what is left to buy? Is this just a fire sale - pay far less that the value of whatever aircraft and other assets they still have and sell them off? I assume there are almost no employees at this point and no serious shot at the airline being an actual airline again right?

Certainly the current state of the aviation industry is not conducive to starting/restarting a carrier right now.
 
Antarius
Posts: 2512
Joined: Thu Apr 13, 2017 1:27 pm

Re: Jet Airways: Shutdown

Sun Jun 07, 2020 12:16 am

VSMUT wrote:
na wrote:
So after 7 months all 10 77Ws are still stored and did not attract any interest from somewhere else?


I've seen several. They are looking more and more dilapidated. Missing engines, no covers, one had open doors. Would not surprise me if a few of them will never fly again. The amount of work required just to get it out of India to a workshop will be tremendous, let alone getting it into a decent condition again.
Saw a pair of A330s in Mumbai that looked bad too, looked like one was missing some passenger windows, with the temporary covers having long since blown off.


A332s are still there. The video of the FedEx MD11 runway excursion at BOM shows them in the background.
2020: SFO DFW IAH HOU CLT MEX BIS MIA GUA ORD DTW LGA BOS LHR DUB BFS BHD STN OAK PHL ISP JFK SJC DEN SJU LAS TXL GDL
 
User avatar
trinidadeG
Posts: 249
Joined: Tue Jun 30, 2009 7:43 am

Re: Jet Airways: Shutdown

Sun Jun 07, 2020 6:16 am

danipawa wrote:
Hope to see them flying again

whats the current fleet status ?


12 planes, including the A332 flying with Air Serbia.
"Jet Airways' fleet presently stands at 12 aircraft which are either owned outright or under financing arrangement. Out of the existing fleet one Airbus 330-200 aircraft is currently being operated by Air Serbia under sub lease agreement, while one Boeing 777-300ER aircraft is currently parked in Amsterdam. The remaining 10 aircraft are parked at various airports in India," Chhawchharia said.

https://www.livemint.com/news/india/jet ... 08286.html

“The 11 aircraft which include 5 Boeing 777s, 4 Boeing 737 NG and 2 Airbus A330 are being maintained by 9W Engineering since July 2019.
Jet resumes maintenance of planes, grounded airline left with only 11 Aircraft

The airline has offered its B777 aircraft to help in transporting COVID19 relief material and also in the Vande Bharat Mission (bringing home Indians who are stranded abroad)

Jet Airways seeks permission to fly three aircraft for cargo operations
Jet Airways’ Resolution Professional (RP) has written to the Ministry of Civil Aviation (MoCA), seeking permission to use three Boeing 777 passenger aircraft in its fleet for cargo operations in the wake of the pandemic.

Vande Bharat Mission: Jet Airways offers planes for repatriation flights
Based on initial assessment Jet Airways can offer two aircraft to start with, going up to four aircraft, within a reasonable period of time
 
avier
Posts: 1126
Joined: Tue Aug 07, 2018 12:38 pm

Re: Jet Airways: Shutdown

Sun Jun 07, 2020 7:16 am

zuckie13 wrote:
First I have to laugh "While nearly seven entities had submitted Expression of Interests (EoIs)". Does that mean one of them didn't even qualify as a whole entity? (I'm sure it's just a translation thing).

Seriously, though, what is left to buy? Is this just a fire sale - pay far less that the value of whatever aircraft and other assets they still have and sell them off? I assume there are almost no employees at this point and no serious shot at the airline being an actual airline again right?

Certainly the current state of the aviation industry is not conducive to starting/restarting a carrier right now.

There are certain criteria's to be considered as an entity. Some were just wealthy individuals or group of people (like ex-employees too) coming together for the bid.

Regarding whats left for the sale, i'm guessing; it's mainly the assets and acquiring the AOC (air operator permit). No slots, route rights or employees. All of those have gone. Someone can just get hold of the AOC and start an airline in the future. Something like SpiceJet using the defunct ModiLuft AOC. I doubt any liabilities would be passed on, considering nothing else which is tangible is being offered.
 
User avatar
trinidadeG
Posts: 249
Joined: Tue Jun 30, 2009 7:43 am

Re: Jet Airways: Shutdown

Wed Jun 17, 2020 6:46 am

NCLT allows Jet Airways to sell office in Bandra Kurla Complex

  • The lenders have kept the reserved price of the property is Rs 490 crore.
  • Property will be sold to pay off HDFC bank and the EXIM bank.
  • The US Exim bank has agreed to transfer the title of six (B777) aircraft upon the payment of USD 13 million (approximately Rs 90 crore).
  • Rs 360 crores will be paid to HDFC, as against the mortgage lender's claim of Rs 424 crore.


https://www.moneycontrol.com/news/busin ... 05431.html
 
danipawa
Posts: 477
Joined: Sat Oct 01, 2016 1:18 am

Re: Jet Airways: Shutdown

Thu Jun 25, 2020 5:33 pm

Boeing 737 -86N 39401 4127 N592CC GECAS ferried 17jun20 DEL-TNN, regd 24jun20, for freighter conversion ex VT-TGI

Boeing 737 -85R 42804 5068 OE-IGF Avolon Aerospace ferried 22jun20 BJV-OSR for paint into? ex VT-SYN

Boeing 777 -35R 35165 696 N351BU Bank of Utah regd 24jun20, parked at BOM ex 2-JEKA
 
User avatar
trinidadeG
Posts: 249
Joined: Tue Jun 30, 2009 7:43 am

Re: Jet Airways: Shutdown

Fri Jun 26, 2020 7:37 pm

Status of the T7 fleet as of June 2020.

Six planes on 'financial lease' from the EXIM bank.

VT-JEV - 35158 - Stored at BOM
VT-JES - 35159 - Stored at BOM
VT-JEM - 35162 - Stored at BOM

Above three airframes being maintained at BOM were offered for COVID19 relief operations.

VT-JEW - 35164 - Impounded at Amsterdam
VT-JET - 35157 - Stored at DEL
VT-JEU - 35160 - Stored at DEL

Of the remaining four,
VT-JEK - 35165 - Stored as 2-JEKA at BOM, now re-registered N351BU Bank of UTAH
VT-JEH - 35166 - Stored as 2-TJEH at DEL
VT-JEX- 35163 - Stored as 2-TJEX at MAA since September 2018
VT-JEQ - 35161 - OE-IIJ - Flown out
 
User avatar
trinidadeG
Posts: 249
Joined: Tue Jun 30, 2009 7:43 am

Re: Jet Airways: Shutdown

Wed Jul 22, 2020 4:56 pm

UAE-based investor reveals plan to revive Jet Airways

https://www.theweek.in/news/biz-tech/20 ... rways.html

A UAE-based investment company that is leading a consortium bidding to take over grounded carrier Jet Airways formally presented its resolution plan on Tuesday. Imperial Capital Investments LLC is leading a consortium comprising Flight Simulation Technique Centre and Big Charter Pvt in the fourth round of auctions for Jet Airways.

Only one other consortium—comprising UK-based Kalrock Capital and UAE-based businessman Murari Lal Jalan—is participating.

Biraja Jena, chairman of Imperial Capital, said his consortium intended to restart Jet Airways operations on a small scale with around 10 aircraft. "We will be taking to the skies starting with domestic operations in the best possible manner during this crisis period and later we will opt for expanding domestic [services] and our foray into overseas routes".
 
User avatar
trinidadeG
Posts: 249
Joined: Tue Jun 30, 2009 7:43 am

Re: Jet Airways: Shutdown

Sun Jul 26, 2020 11:12 am

Jet Airways insolvency: FSTC-led consortium promises $100 million initial investment to revive airline

The consortium of Flight Simulation Technique Centre Pvt Ltd, Big Charter Pvt Ltd, and Imperial Capital Investments LLC, have secured an initial funding of $100 million that will be used to revive Jet Airways. "We have secured a funding of $100 million through our partners, to start with," Biraja Jena, chairman of Imperial Capital, told Moneycontrol. The Dubai-based investment banking and wealth management company has also brought in Taha Group - a Middle-East based business house - as an investor, in the consortium.

The second consortium consists of London-based financial services firm Kalrock Capital and entrepreneur Murari Lal Jalan. Sources added that the Kalrock Capital led consortium has also got the backing of investors and aviation industry veterans, including two executives who were part of the senior management at Jet Airways. This may include Nikos Kardassis, the former CEO of the airline, and considered close to founder Naresh Goyal.

The FSTC-Imperial Capital consortium has proposed to restart Jet Airways with five to 10 aircraft. These will be used to cater to routes between metros in the country. "At Jet Airways, the plan is to honour the airline's order book with Boeing. We will negotiate with the airline manufacturer," said sources close to the consortium.

On the other hand, Kalrock Capital-led consortium plans to restart Jet Airways operations with over 20 aircraft. It plans to fly both, on domestic and international routes.
 
danipawa
Posts: 477
Joined: Sat Oct 01, 2016 1:18 am

Re: Jet Airways: Shutdown

Sun Jul 26, 2020 3:10 pm

Hope to see them back to services soon.
 
User avatar
trinidadeG
Posts: 249
Joined: Tue Jun 30, 2009 7:43 am

Re: Jet Airways: Shutdown

Fri Jul 31, 2020 12:19 pm

trinidadeG wrote:
NCLT allows Jet Airways to sell office in Bandra Kurla Complex

  • The lenders have kept the reserved price of the property is Rs 490 crore.
  • Property will be sold to pay off HDFC bank and the EXIM bank.
  • The US Exim bank has agreed to transfer the title of six (B777) aircraft upon the payment of USD 13 million (approximately Rs 90 crore).
  • Rs 360 crores will be paid to HDFC, as against the mortgage lender's claim of Rs 424 crore.


https://www.moneycontrol.com/news/busin ... 05431.html


Jet Airways has acquired ownership of six Boeing aircraft and its engines against a bullet payment of $13,000,000. Its lessor, Fleet Ireland, had held back these six aircraft against dues. Jet has acquired the aircraft from the funds raised by selling its office building at BKC, Mumbai.

https://www-thehindubusinessline-com.cd ... 233402.ece
 
User avatar
Phosphorus
Posts: 1038
Joined: Tue May 16, 2017 11:38 am

Re: Jet Airways: Shutdown

Fri Jul 31, 2020 1:23 pm

trinidadeG wrote:
trinidadeG wrote:
NCLT allows Jet Airways to sell office in Bandra Kurla Complex

  • The lenders have kept the reserved price of the property is Rs 490 crore.
  • Property will be sold to pay off HDFC bank and the EXIM bank.
  • The US Exim bank has agreed to transfer the title of six (B777) aircraft upon the payment of USD 13 million (approximately Rs 90 crore).
  • Rs 360 crores will be paid to HDFC, as against the mortgage lender's claim of Rs 424 crore.


https://www.moneycontrol.com/news/busin ... 05431.html


Jet Airways has acquired ownership of six Boeing aircraft and its engines against a bullet payment of $13,000,000. Its lessor, Fleet Ireland, had held back these six aircraft against dues. Jet has acquired the aircraft from the funds raised by selling its office building at BKC, Mumbai.

https://www-thehindubusinessline-com.cd ... 233402.ece


So, Jet Airways is a full and rightful owner of six unencumbered 777-300ER widebodies? what a feat!
Trouble is, they are worth way less than even six months ago. I wonder if the "pandession" is an influence on banks/lessors to let go of six frames, in exchange for hard cash -- rather than trying to take those planes for themselves...
AN4 A40 L4T TU3 TU5 IL6 ILW I93 F50 F70 100 146 ARJ AT7 DH4 L10 CRJ ERJ E90 E95 DC-9 MD-8X YK4 YK2 SF3 S20 319 320 321 332 333 343 346 722 732 733 734 735 73G 738 739 744 74M 757 767 777
Ceterum autem censeo, Moscovia esse delendam
 
User avatar
lightsaber
Moderator
Topic Author
Posts: 20291
Joined: Wed Jan 19, 2005 10:55 pm

Re: Jet Airways: Shutdown

Fri Jul 31, 2020 1:31 pm

Phosphorus wrote:
trinidadeG wrote:
trinidadeG wrote:
NCLT allows Jet Airways to sell office in Bandra Kurla Complex

  • The lenders have kept the reserved price of the property is Rs 490 crore.
  • Property will be sold to pay off HDFC bank and the EXIM bank.
  • The US Exim bank has agreed to transfer the title of six (B777) aircraft upon the payment of USD 13 million (approximately Rs 90 crore).
  • Rs 360 crores will be paid to HDFC, as against the mortgage lender's claim of Rs 424 crore.


https://www.moneycontrol.com/news/busin ... 05431.html


Jet Airways has acquired ownership of six Boeing aircraft and its engines against a bullet payment of $13,000,000. Its lessor, Fleet Ireland, had held back these six aircraft against dues. Jet has acquired the aircraft from the funds raised by selling its office building at BKC, Mumbai.

https://www-thehindubusinessline-com.cd ... 233402.ece


So, Jet Airways is a full and rightful owner of six unencumbered 777-300ER widebodies? what a feat!
Trouble is, they are worth way less than even six months ago. I wonder if the "pandession" is an influence on banks/lessors to let go of six frames, in exchange for hard cash -- rather than trying to take those planes for themselves...

It sounds like only a little was owed on these aircraft, so it was wiser to buy the airframes and then sell them.

These 77W are worth less, but it will depend on the aircraft debt. There is the issue that few aircraft are trading hands. It wouldn't surprise me to find out this transaction represents half or more of the used 77W transactions if 2H2020.

Now they need to find buyers. I am afraid that will take time.

Lightsaber
Winter is coming.
 
User avatar
Phosphorus
Posts: 1038
Joined: Tue May 16, 2017 11:38 am

Re: Jet Airways: Shutdown

Fri Jul 31, 2020 1:40 pm

lightsaber wrote:
Phosphorus wrote:
trinidadeG wrote:

Jet Airways has acquired ownership of six Boeing aircraft and its engines against a bullet payment of $13,000,000. Its lessor, Fleet Ireland, had held back these six aircraft against dues. Jet has acquired the aircraft from the funds raised by selling its office building at BKC, Mumbai.

https://www-thehindubusinessline-com.cd ... 233402.ece


So, Jet Airways is a full and rightful owner of six unencumbered 777-300ER widebodies? what a feat!
Trouble is, they are worth way less than even six months ago. I wonder if the "pandession" is an influence on banks/lessors to let go of six frames, in exchange for hard cash -- rather than trying to take those planes for themselves...

It sounds like only a little was owed on these aircraft, so it was wiser to buy the airframes and then sell them.

These 77W are worth less, but it will depend on the aircraft debt. There is the issue that few aircraft are trading hands. It wouldn't surprise me to find out this transaction represents half or more of the used 77W transactions if 2H2020.

Now they need to find buyers. I am afraid that will take time.

Lightsaber


Exactly.
2019 and six 77W's -- good market.
2020 and whatever widebody -- well, Nil nisi bonum -- say nothing of the dead...

So yeah, they'll take time and discounts to sell. If the market was stronger, maybe lessor would try to squeeze out more than 2 million per frame, before letting them go.
AN4 A40 L4T TU3 TU5 IL6 ILW I93 F50 F70 100 146 ARJ AT7 DH4 L10 CRJ ERJ E90 E95 DC-9 MD-8X YK4 YK2 SF3 S20 319 320 321 332 333 343 346 722 732 733 734 735 73G 738 739 744 74M 757 767 777
Ceterum autem censeo, Moscovia esse delendam

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