Rhik Kundu
Stories by Rhik Kundu
India: Government investigations could derail revival plans of Jet Airways
No investor will be ready to take on past liabilities if investigations are going on, said sources.
India: Lenders plan to take control of six aircraft owned by Jet Airways hits roadblock
Jet Airways has not flown since 18 April due to funding woes
Air India’s bid to sell real estate assets fails to take off
The national carrier could end up selling less than 10 of the 56 properties that were put up for sale in April.
Etihad makes non-binding offer for minority stake in India’s Jet Airways
Among its conditions, Etihad Airways wants an exemption from an open offer that may be triggered by a change in ownership structure of Jet Airways.
Indian agency investigates Etihad Airways investment in Jet Privilege
It is seeking to ascertain whether certain FDI norms were violated when the Abu Dhabi-based carrier took a stake in JPPL in 2014.
Etihad requests Jet Airways lenders to take an 80% haircut on debt
Jet Airways owes 11 banks, including nine Indian banks, about ₹11,261 crore ($1.62 billion).
Jet Airways seeks emergency funding to stave off shutdown
The interim funding is supposed to help Jet Airways keep at least some of its planes flying till the lenders find a buyer.
India: Jet Airways lenders shortlist four suitors including TPG, Indigo Partners
There is a strong possibility that Etihad, TPG Capital and NIIF may form a consortium to jointly bid for Jet Airways at a later stage.
Etihad offers to sell its entire stake in Indian carrier Jet Airways to lender
Etihad is learnt to have asked SBI to buy its 24% stake in Jet for about Rs 400 crore. It had bought the stake in 2013 for $379 million, or about Rs 2
Etihad to rescue India’s Jet Airways with the help of ‘white knight’
A new agreement envisages a “new investor" injecting between ₹1,600 crore and ₹1,900 crore for a stake of around 20% in the airline and the Goya
