Middle Eastern carrier Etihad Airways has submitted a bid for a stake in India's Jet Airways, the unit of State Bank of India (SBI) overseeing the sale of the stricken airline said on Friday.

State Bank of India gets sealed bid for Jet Airways from Etihad

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 State Bank of India (SBI) said on Friday it has received two unsolicited bids for ailing Jet Airways, nearly a month after the airline was forced to ground all operations due to funding troubles.

State Bank of India says two bids received for Jet Airways

Jet Airways' pilots' union has appealed to the Supreme Court of India to direct State Bank Of India (SBI) to release interim funding to try to revive the grounded airline, according to a court filing made on Tuesday which was reviewed by Reuters.

Jet Airways pilots' union asks Supreme Court to direct SBI to release funds

Just two days before the deadline for putting in bids, Jet Airways has got its first proposal from an unlikely group of investors. The group includes two little known entrepreneurs: a British, an NRI, and investment firms Future Trend Capital Investments, Redcliffe Capital and Adi Partners.

WION Wallet: Jet Airways gets its first bid from a group of investors includes two entrepreneurs

Several employees of Jet Airways including pilots, engineers and members of the cabin crew gathered at T2 Airport in Mumbai outside Jet Airways ticket window to protest against the lack of payment over the last few months and demand government intervention in the crisis. Watch the video to know more!

WION Wallet: Jet Airways employees protest demanding unpaid salaries at T2 Airport in Mumbai

Cyclone Fani: Death toll rises to 33 as CM Patnaik announces relief package At least 33 people lost their lives after cyclone Fani struck Odisha on Friday but a timely massive evocuation carried out by the state government averted the higher death toll.

News brief: Big stories of the day

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

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. None of the bidders, barring National Investment and Infrastructure Fund (NIIF), has been accessing the data room where potential investors are supposed to peruse Jet’s accounts and key documents as part of the due diligence.

WION Wallet: Jet crisis: Bidders show no interest, employees demand govt intervention

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

The Delhi High Court on Wednesday issued a notice to Jet Airways regarding a plea seeking a full refund of the airfare to the passengers who were affected by the suspension of the airline's service.

Delhi High Court issues notice to Jet Airways

The Jet Airways officers and staff gathered on Wednesday to pay condolences to late Shailesh Singh who committed suicide after the airline carrier suspended all its flight operations as it ran out of money and failed to raise bank loans.

Jet Airways employees organise protest, requests government's interference

The grounding of Jet has come as an opportunity for the market to hire readily-available skilled workforce from the licenced categories--pilots, engineers and cabin crew and deploy them directly into specifics roles, thereby saving time and money on training them.

WION Wallet: Vistara to hire Jet's 100 pilots & 400 cabin crews as well

The National Aviator's Guild (NAG), which represents pilots of the grounded carrier Jet Airways, Saturday requested Prime Minister Narendra Modi to "direct" the airline's lender State Bank of India to release one month's salary of all the employees.

WION Wallet: NAG urges PM Modi to ask SBI to release one month's salary to staff

National Aviators Guild (NAG) have requested PM Modi to release one month salary of the employees of the Jet Airways. Watch this video to know more.

WION Wallet: Jet Airways writes to PM Modi

As uncertainty continues over the fate of the shuttered Jet Airways, an employees' consortium has proposed to take over the airline with at least Rs 3,000 crore expected from outside investors for the bid, according to two staff unions.

Now, employees' consortium to bid for Jet Airways; seeks to raise Rs 3,000 crore from outside investors

"Jet Airways employee Shailesh Kumar Singh committed suicide because he had no hope left and there could be more victims if the government does not intervene in the Jet Airways crisis," said Asim Valiani vice president of the National Aviators Guild (NAG) on Sunday.

More people might follow suit if government doesn't intervene: NAG on Jet employee's suicide

After Jet Airways and Kingfisher Airlines, it is now the turn of Pawan Hans Limited, which is facing a financial crisis. Pawan Hans' management, on April 25, issued a circular to its employees stating that the company is not in a position to disburse employees' salaries for the month of April due to "uncomfortable financial position in Pawan Hans.

Pawan Hans latest to hit by financial crisis after Kingfisher, Jet Airways; holds employees' salaries for April

San Diego-area synagogue shooting appears to be hate crime, says Trump as gunman identified US President Donald Trump on Saturday sent his sympathies to the families of the victims of a San Diego-area synagogue shooting, saying it appeared to be a hate crime and that authorities will "get to the bottom of it.

Ask SBI to release one month's salary to Jet Airways staff: National Aviator's Guild to PM Modi

A 43-year-old Jet Airways employee who was suffering from cancer allegedly committed suicide by jumping from the roof of his apartment on Saturday. The deceased, identified as Shailesh Kumar Singh, had been with Jet Airways for 20 years.

Jet Airways employee commits suicide

Ending a three-day losing streak, shares of Jet Airways (India) surged nearly 10 per cent at the close of trade Tuesday on value-buying at lower levels. The scrip jumped 9.

Jet Airways shares halt three-day slide; zoom nearly 10%

A plea was filed in the Delhi High Court Monday seeking direction to the Ministry of Civil Aviation and DGCA to ensure refund or alternative mode of travel to passengers who had booked tickets with Jet Airways, which has temporarily suspended all its domestic and international flights.

Plea in Delhi High Court to provide refund or alternative flights to Jet Airways passengers

jet-airways

Jet Airways, News on Jet Airways, stories on Jet Airways, articles on Jet Airways, Jet Airways stories at Wion, Jet Airways news, Jet Airways latest news

jet airways

State Bank of India gets sealed bid for Jet Airways from Etihad

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

State Bank of India says two bids received for Jet Airways

Jet Airways pilots' union asks Supreme Court to direct SBI to release funds

WION Wallet: Jet Airways gets its first bid from a group of investors includes two entrepreneurs

WION Wallet: Jet Airways employees protest demanding unpaid salaries at T2 Airport in Mumbai

News brief: Big stories of the day

Little scope for Jet Airways revival: Government sources

WION Wallet: Jet crisis: Bidders show no interest, employees demand govt intervention

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

WION Wallet: Jet Airways bidders show no expressions of interest

Delhi High Court issues notice to Jet Airways

Jet Airways employees organise protest, requests government's interference

WION Wallet: Vistara to hire Jet's 100 pilots & 400 cabin crews as well

WION Wallet: NAG urges PM Modi to ask SBI to release one month's salary to staff

WION Wallet: Jet Airways writes to PM Modi

Now, employees' consortium to bid for Jet Airways; seeks to raise Rs 3,000 crore from outside investors

More people might follow suit if government doesn't intervene: NAG on Jet employee's suicide

Pawan Hans latest to hit by financial crisis after Kingfisher, Jet Airways; holds employees' salaries for April

News brief: Big stories of the day

Ask SBI to release one month's salary to Jet Airways staff: National Aviator's Guild to PM Modi

Jet Airways employee commits suicide

Jet Airways shares halt three-day slide; zoom nearly 10%

Plea in Delhi High Court to provide refund or alternative flights to Jet Airways passengers