Privatisation is not a remedy, which can make an airline profitable or efficient and shuttering of Jet Airways and Kingfisher is a case in point, a senior Air India employees union official said Sunday even as he urged the government to reconsider its plans to de-nationalise the flag carrier, which are currently on hold.

Jet collapse: Privatisation not remedy, says Air India employees union official

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

Jet Airways CEO Vinay Dube on Saturday informed the media he, along with his staff, met Finance Minister Arun Jaitley at his residence and requested him "to have an open and transparent bid process," news agency ANI reported.

Jet CEO Vinay Dube meets Arun Jaitley, says 'we have been assured of open and transparent bid process'

Jet Airways Has Shut Down Its Operations After Flying For 25 Years. Here's A Look At The Jet Saga - Reasons, Job Losses, Protests & Soaring Ticket Prices

Gravitas: Jet Airways Crisis: Did Naresh Goyal 'crash' his beloved airlines?

The trouble at Jet Airways NSE -31.46 % is expected to spill over on to the balance sheets and revenues of leading hotel chains and in-flight catering companies that are on the growing list of vendors to which the airline owes money.

Jet Airways' wings fold impacted Hospitality sector

Civil Aviation Secretary Pradeep Singh Kharola briefed media following cessation of the Jet Airways flights. Watch full video to know more.

Civil aviation secretary brief media over Jet Airways crisis

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

Thousands of employees have been stung by the rapid unravelling of Jet Airways, which, saddled with more than $1.2 billion in bank debt, grounded all its planes on Wednesday after lenders rejected a plea for emergency funds.

Despair over jobs as Jet Airways grounded

The employees and the passengers are not the only ones feeling the domino effect of the Jet Airways crisis, businesses across the spectrum are also feeling the heat as the operations of the 25-year-old airline came to a grinding halt recently.

Jet Airways crisis seeps into allied business

With Jet Airways suspending operations, as many as 440 slots are vacant at Delhi and Mumbai airports which will be allocated to other airlines in a transparent manner, a senior official said.

Government to allocate 440 vacant Jet slots to other airlines

India′s Jet Airways suspends all operations and 20,000 jobs are at stake as India′s Jet Airways is staring at shutting down operation all together. Watch full video to know more.#JetAirways, #JobsAtStake, #JetAirwaysFlights

India′s Jet Airways suspends all operations

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

Shares of Jet Airways continued to fall for the second day in a row, plummeting over 32 per cent on Thursday, a day after the ailing airline shuttered its operations temporarily.

After shutting operation, Jet Airways shares sink over 32%

Sensex fell 135.36 points to finish at 39,140.28 on Thursday with the Nifty slipping 34.35 pts to close at 11,752.80 dragged down by banking and Jet Airways stocks.

Sensex, Nifty fall as Jet Airways stocks bleed

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

Hinting at job losses going forward, grounded carrier Jet Airways chief executive Vinay Dube said Wednesday said the airline does not have an "answer" at present on the fate of its 20,000-odd employees during the stake sale process.

No answer to what happens to employees during sale process: Jet Airways CEO Vinay Dube

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The decision from the cash-stressed company comes shortly after banks refused to provide it with an emergency funding of Rs 400 crore.

Fineprint: After snub from banks, Jet Airways cancels all operations with immediate effect

Jet Airways has decided to ground operations temporarily from Wednesday midnight after lenders refused its request for Rs 400 crore "emergency funds", sources told newswire PTI.

Jet Airways to cancel operations temporarily tonight after lenders refuse 'emergency funds': Sources

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

Lenders reject Jet Airways funding request, flights grounded: Sources Cash-strapped Jet Airways which had requested for Rs 400 crore funding from banks as a form of "emergency liquidity support" has been rejected, PTI sources said.

News brief: Big stories of the day

Jet Airways crisis: Other Indian airlines which were shut down

Cash-strapped Jet Airways which had requested for Rs 400 crore funding from banks as a form of "emergency liquidity support" has been rejected, PTI sources said.

Lenders reject Jet Airways funding request, flights grounded: Sources

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