Where is Jet Airways now?
Jet Airways ceased operations in April 2019. In 2020, Jet Airways was acquired by the investment company Kalrock with plans to resume operations in 2022. However, these plans were delayed due to financial issues and ongoing proceedings with the National Company Law Tribunal. The Supreme Court ordered the liquidation of the airline—officially Jet Airways (India) Ltd. November 2024.Jet Airways is making a big comeback, as the CEO has confirmed that the airline will return with a surprising plan to lease 𝗔𝗶𝗿𝗯𝘂𝘀 𝗔𝟯𝟴𝟬𝘀. These aircraft will be used on long-haul international routes, mainly to Europe and North America.Introduction. The Supreme Court of India has ordered the liquidation of Jet Airways, setting aside a March 12 decision by the NCLAT that had upheld the transfer of ownership to the Jalan Kalrock Consortium (JKC) as part of the airline’s Corporate Insolvency Resolution Process (CIRP).Ans: Since Jet Airways has been ordered into liquidation, its shares have been delisted, meaning they are no longer traded on stock exchanges. Unfortunately, in most liquidation cases, equity shareholders are the last in line to receive any funds, and often, there’s nothing left for them after creditors are paid off.
What’s the latest news on Jet Airways?
ED opposes interim bail to Jet Airways founder Naresh Goyal; HC to pass order on May 6. Naresh Goyal has sought interim bail on medical and humanitarian grounds, citing that both he and his wife, Anita Goyal, suffered from cancer. Jet Airways founder Naresh Goyal, who was arrested in a money laundering case in September 2023, has been granted bail on medical grounds.Jet Airways founder Naresh Goyal has been arrested by the Enforcement Directorate (ED) in an alleged 538 crore rupee money laundering case linked to Canara Bank. He was taken into custody under the Prevention of Money Laundering Act (PMLA) after a long session of questioning at ED office in Mumbai.Naresh Goyal (born 29 July 1949) is an Indian businessman who is the founder and Chairman of Jet Airways. He started operating Jet Airways in 1993 with initial seed money from Tail Winds incorporated, Isle of Man.Goyal was arrested in a money laundering case by the ED in September 2023 on allegations that he had laundered money and siphoned off loans amounting to Rs 538. Jet Airways by Canara Bank. Goyal was granted interim bail on May 6, 2024, on medical grounds due to his wife’s battle with cancer.
Was Jet Airways international?
Jet Airways flew to a total of 55 destinations, including 36 domestic destinations within India, and 19 international destinations, including both intercontinental and within the extended neighbourhood in Asia, as of September 2025. The Jet Airways fleet consists of 92 aircrafts. The technology advanced flights include Airbus A330 – 200 (12), ATR 72 – 500 (14), Boeing 737 – 400 (13), Boeing 737 – 700 (13), Boeing 737 – 800 (41), Boeing 737 – 900 (02) and Boeing 777 – 300 ER (10). A cumulative of 43 aircrafts are under order at present.Jet Airways currently operates a fleet of 61 aircraft with 48 classic and next generation Boeing 737-400/700/800/900 aircraft, 3 Airbus A340-300E aircraft, 2 Airbus A330-200 aircraft and 8 modern ATR 72-500 turboprop aircraft.The Jet Airways fleet consists of 92 aircrafts. The technology advanced flights include Airbus A330 – 200 (12), ATR 72 – 500 (14), Boeing 737 – 400 (13), Boeing 737 – 700 (13), Boeing 737 – 800 (41), Boeing 737 – 900 (02) and Boeing 777 – 300 ER (10). A cumulative of 43 aircrafts are under order at present.Jet Airways currently operates a fleet of 61 aircraft with 48 classic and next generation Boeing 737-400/700/800/900 aircraft, 3 Airbus A340-300E aircraft, 2 Airbus A330-200 aircraft and 8 modern ATR 72-500 turboprop aircraft.
Is there any hope for Jet Airways?
Jet Airways, once a leading Indian airline, is no more. The Supreme Court ordered its liquidation after years of financial struggles and failed revival attempts. The airline ceased operations in 2019 due to mounting debt. The court’s decision marks the end of an era for the airline and its employees. India’s Supreme Court has ordered the liquidation of Jet Airways after the Jalan Kalrock Consortium, the winning bidder, failed to meet its financial obligations. This decision leaves shareholders, including 1.In a historic decision, the Hon’ble Supreme Court of India ordered the liquidation of Jet Airways (India) Ltd. India’s most prominent airlines. The verdict in State Bank of India & Ors. The Consortium of Mr.The airline was expected to re-commence its flight operations by the end of 2024, which would have made it the first Indian airline to be revived after ceasing operations. On 7 November, 2024, the liquidation of the airline was ordered by the Supreme Court of India.Air Deccan was an Indian regional airline operating from Ahmedabad, Gujarat. It flew to a total of four destinations using Beech 1900D aircraft, as of November 2019. On 5 April 2020, the airline ceased operations due to the effects of the COVID-19 pandemic and the ensuing lockdown.The following year, the Vijay Mallya lead UB group purchased a strategic 26 per cent stake in Deccan Aviation. At the time of purchase, Air Deccan connected sixty nine cities around India. Mallya merged the two airlines soon after and Capt. Gopinath sold most of his stake in the company in 2009.
Who is the owner of Jet Airways?
Naresh Goyal. Naresh Goyal (born 29 July 1949) is an Indian businessman who is the founder and Chairman of Jet Airways. He started operating Jet Airways in 1993 with initial seed money from Tail Winds incorporated, Isle of Man. Goyal’s humble beginnings Born at Sangrur, a small town in Punjab, he studied commerve at a college in Pataila. He began his entrepreneurial journey as a cashier at his uncle Charandas Ramlal’s travel company East-West Agencies.Naresh Goyal was born in Sangrur, Punjab in 1949 in the house of a jewellery dealer. His father died when he was a child. He studied up to sixth standard at Govt. Raj High School for Boys.