Jet Airways Q1 FY24 results: Net loss narrows to Rs 50.65 cr from Rs 390 cr

Posted on:
Key Points

Countrys oldest private airline Jet Airways India Ltd on Tuesday reported a standalone net loss of Rs 50.65 crore in the June quarter of the current financial year 2023-24 (FY24)..

In the fourth quarter of FY23, Jet Airways reported a net loss Rs 54 crore...

Jet Airways had posted a total revenue of Rs 13.10 crore in the same quarter last year, according to a regulatory filing on Tuesday...

The consortium consists of UAE-based NRI Murari Lal Jalan, who will hold shares in Jet Airways in his personal capacity, and Florian Fritsch, who will hold shares via his investment holding company Kalrock Capital Partners Ltd, Cayman...

On Monday, Jet Airways Committee of Creditors (CoC) asked the Jalan Kalrock Consortium to pay Rs 350 crore..

You might be interested in

Jalan-Kalrock infuses another ₹100 crore into Jet Airways

29, Sep, 23

The consortium said it aims to have the defunct airline up and running in 2024

Jet Airways’ air permit extended

31, Jul, 23

The Directorate General of Civil Aviation has extended the air operator certificate of the beleaguered airline until 3 September, even as it undergoes the corporate insolvency resolution process

Jalan Kalrock Consortium seeks more time to pay Rs 350 cr to Jet Airways’ lenders

18, Aug, 23

The NCLAT has asked the Jalan Kalrock Consortium to file an application stating the conditions for seeking an extension to make payments to Committee of Creditors of bankrupt airline Jet Airways. The application filed by the State Bank of India, the primary lender, and others pertains to the transfer of ownership of the airline to JKC.

Jet Airways' new promoter pumps in ₹100 crore for reviving grounded airline

31, Aug, 23

Jalan-Kalrock Consortium had emerged as the winning bidder for the Jet Airways under the insolvency resolution process.

Jet, set and go? DGCA renews airport operator certificate of Jet Airways

31, Jul, 23

Jalan Kalrock Consortium has successfully obtained renewal for the Airport Operator Certificate (AOC) of Jet Airways from the Directorate General of Civil Aviation (DGCA). Jet had stopped operating in April 2019, burdened under piling losses, debt and dues.

DGCA to ask Jet about plan to resume flights

01, Mar, 23

The carrier continues to stay grounded nine months after getting permit

Jet Airways shares rise 5% as Jalan-Kalrock consortium eyes 2024 takeoff

29, Sep, 23

The Jalan-Kalrock consortium has officially announced that it has infused Rs 350 crore into Jet Airways and outlined its intentions to restart operations in the upcoming year.

Jet lenders move SC against JKC consortium

09, Oct, 23

The new petition contests the NCLAT's order to allow the Jalan-Kalrock Consortium (JKC) to encash a performance bank guarantee of ₹150 crore to pay off dues amounting to ₹350 crore to the lenders

Jet Airways CEO-Designate Sanjiv Kapoor quits

28, Apr, 23

India Business News: MUMBAI: A little over a year after coming on board to revive Jet Airways, the airline's CEO-Designate Sanjiv Kapoor has put in his papers.