Naresh Goyal, the founder of Jet Airways and an accused in the ₹538 crore (over $64.6mn) fraud case at Canara Bank, pleading before a special court on Saturday stated that he has "lost every hope of life".

Jet Airways founder Naresh Goyal breaks down in court, says, ‘better I should die’

The grounded air carrier Jet Airways has decided to send 60 per cent of its employees, including senior managers, on leave without pay and slash salaries of some employees by up to 50 per cent effective December 1, said reports from Indian media outlets.

Indian carrier Jet Airways slashes salaries, asks 60% staff to go on leave without pay

State Bank of India approached the Mumbai bench of National Company Law Tribunal on Tuesday against Jet Airways, and its petition may be heard on Wednesday.

India Watch: Jet Airways lands in bankruptcy court

Lenders of the embattled Jet Airways airline have decided to take it to National Company Law Tribunal (NCLT).

Jet Airways lenders decide to take airline to NCLT

Lenders to Jet Airways plan to begin insolvency proceedings against the debt-laden carrier, a consortium of the airline's lenders said in a statement on Monday. "After due deliberations, lenders have decided to seek resolution under IBC since only a conditional bid was received," said the lenders, referring to India's Insolvency and Bankruptcy Code.

Jet Airways' lenders to take airline to bankruptcy court

New civil aviation minister said on Friday he is confident that problems at grounded Jet Airways Ltd will be solved, in the government's first comments on the debt-laden carrier since it was reelected last month.

Civil aviation minister says confident Jet Airways' problems will be solved

Shares of debt-laden Jet Airways slipped to a record low on Tuesday after Mint reported that Hinduja Group and Etihad Airways PJSC may not proceed with plans to resurrect Jet Airways, dealing a severe blow to efforts aimed at rescuing the airline that has suspended flights for nearly two months.

WION Wallet: Jet Airways crisis: Hinduja, Hinduja halt rescue efforts

A report in Mint suggests that Jet Airways’ financial creditors may start proceedings against the airline under the Insolvency and Bankruptcy Code, 2016, in about a fortnight if they are unable to find an investor.

Dutch Court initiates Bankruptcy case against Jet Airways

It is judgement day for Jet Airways on Friday as lenders to India’s oldest privately-held airline will meet later in the day and are expected to announce a winning bid for the airline. Jet Airways’ hope to regain its wings hinges on the offers that it receives on May 10, which is the last day to submit binding bids for a potential takeover of the airline.

WION Wallet: Judgement day for Jet Airways as bidding closes today

The government sees little hope of a bidder emerging for debt-laden Jet Airways Ltd, which halted operations last month, a Reuters report said quoting two senior finance ministry officials.

Little scope for Jet Airways revival: Government sources

Shares of Jet Airways Ltd tumbled over 20 per cent to a decade low on Thursday after a media report said bidders for the struggling airline had not yet shown interest in following up on their offers.

Jet Airways shares plunge over 20% after report says bidders not keen to follow up

With just ten days to go for final submission of bids, three of the four qualified bidders — Etihad Airways, TPG Capital and Indigo Partners — have not signed nondisclosure agreements, a must for conducting due diligence

WION Wallet: Jet Airways bidders show no expressions of interest

As they explore ways to recover debt, lenders of Jet Airways are in favour of a resolution outside the insolvency law framework in case the ongoing bidding process fails to take off, sources said.

Jet Airways crisis: Lenders in favour of non-IBC resolution if bidding process fails

After the Jet Crisis several sectors have been impacted including the hospitality sector. Watch full video to know more.

Jet crisis' impact on hospitality sector

Jet Airways lenders Thursday said they are reasonably hopeful of a successful bidding process for stake sale, a day after the cash-starved carrier suspended its operations.

Jet Airways: Lenders reasonably hopeful of successful bidding process for stake sale

Around 22,000 employees of Jet Airways on Thursday sought the intervention of Prime Minister Narendra Modi in saving the airline, which has not been able to pay the salary to its pilots and engineers for the last three and a half months.

Jet Airways employees seek PM Modi's intervention amid crisis

Cash-strapped Jet Airways has cancelled all its domestic and international flights with immediate effect after lenders rejected the airline’s request for an emergency fund infusion of Rs 400 crore.

Jet Airways temporarily shuts operations as lenders refuse emergency fund

Civil aviation secretary Pradeep Singh Kharola said today that Jet Airways has sought emergency funds from banks. The minister informed that the cash-strapped airlines has been operating just five planes.

Jet Airways has sought Rs 400 crore emergency funds from banks, operation five planes currently: Civil aviation secretary Pradeep Singh Kharola

Jet Airways pilots body, the National Aviator's Guild, Monday appealed the State Bank of India (SBI) to release Rs 1,500 crore, which was proposed to be infused in the ailing carrier as part of a debt-restructuring plan last month.

Jet Airways pilots appeal to SBI for funds, also ask PM to save 20,000 jobs

Cash-strapped Jet Airways Sunday averted a deeper crisis after it's pilot's body, the National Aviator's Guild, deferred its "no flying" call to a later date from Monday, when the management is scheduled to meet the lenders.

Jet Airways pilots body defers 'no flying' call ahead of lenders meet

Former Jet Airways chairman Naresh Goyal is likely to submit initial bids for a stake in the airline on Thursday, sources said. SBI Caps, which invited Expression of Interest (EoI) for stake sale in Jet Airways on April 8, has already extended the date for submission of bids to April 12 from April 10 earlier.

Naresh Goyal may submit bids for stake in Jet Airways

Over 1,000 pilots of the struggling private carrier Jet Airways have decided to go ahead with their "no flying" call from April 1 following the airline failing to receive funds from the banks Friday, its pilots' guild has said.

Over 1,000 Jet Airways pilots to go ahead with no flying call

Disappointed over non-clearance of pending dues, Jet Airways pilots on Friday reiterated that they will stop flying from April 1. "A part of the expected interim funding from State Bank of India (SBI) was supposed to be auctioned on March 29.

Unpaid Jet Airways pilots threaten strike from April 1

Jet Airways spokesperson on Saturday said that the company was confident of ''successfully'' resolving the current situation in the coming days. ''Jet Airways remains confident of successfully resolving the current situation in coming days.

Amid crisis, Jet Airways says 'confident' of resolving the current situation

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