Svarte skyer: Jet Airways -> Konkurs

[LN-MOW]

Under 60 dager med cash igjen, og hverken ansatte eller banker synes intersserte i å hjelpe ...

https://airwaysmag.com/airlines/jet-...-of-cash-left/

Indian Carrier Jet Airways continues to be in deep financial troubles, having enough cash to keep operating for another 60 days, some analysts say.

The carrier’s economic woes have intensified because of the continuous spike in jet fuel prices, as well as the weakening of the Rupee.

Jet Airways has asked its workers to take pay cuts, which will be done alongside other cost-cutting measures.

[Someone]

Selskapet benekter riktignok dette selv, og sier det er rykter satt ut av konkurrenter.

Selv tipper jeg sannheten ligger et sted midt mellom

[Edvard]

Om både Air India og Jet går dunken, får IndiGo, AirAsia India, SpiceJet etc. – og alle UAE carriers mye å gjøre.

[JELSC]

Originally Posted by Edvard

Om både Air India og Jet går dunken, får IndiGo, AirAsia India, SpiceJet etc. – og alle UAE carriers mye å gjøre.

Og der bliver mange 737-800MAX delivery slots åbne - 9W har vel bestilt 150 og kun 2 er leveret!

[Someone]

Og nå skal Jet ut i markedet å hente penger i følge «forskjellige kilder»

https://m.economictimes.com/industry...w/65380715.cms

Cash-strapped Jet Airways, which was forced to delay its earnings announcement and is under watch over debt repayments, has initiated a formal stake-sale process to raise $350-400 million from global private equity firms. Approaches have been made to bulge-bracket funds including Blackstone, TPG and Indigo Capital Partners, said multiple people aware of the ongoing discussions.

[Someone]

Litt generelt om India og priskrigen som foregår der om gjør at endel sliter med å få kostnadene dekket

https://e24.no/naeringsliv/luftfart/...india/24425063

Priskrig tar knekken på flyselskapene i India
Skyhøye drivstoffpriser og billetter til 16 øre er i ferd med å gi slakt i indisk luftfart

[Someone]

Og da skal Jet både hente penger og kutte kostander

https://www.flightglobal.com/news/ar...-q1-lo-451428/

28 AUGUST, 2018 SOURCE: FLIGHT DASHBOARD BY: AARON CHONG SINGAPORE
India's Jet Airways has flagged seeking a new equity infusion and monetising its loyalty programme after revealing a loss before tax of Rs13.2 billion ($198 million) for the quarter ended 30 June, reversing its profit before tax of Rs53.5 million from the previous corresponding period.

[Someone]

Ser ut som de nå sliter med å betale lønninger

https://www.financialexpress.com/ind...ement/1343492/

The airline currently facing its worst liquidity crisis did not pay its pilots and the aircraft maintenance engineers (AMEs) salaries for the month of August, the highest human resource in any airline along with the senior management.

Og ikke har de råd til reservedeler, så har begynt parkere fly for å plukke deler derfra

https://www.financialexpress.com/ind...runch/1343638/

Cash-strapped Jet Airways has grounded two of its widebody aircraft — a Boeing 777-300ER and an Airbus A330-300 — due to insufficient funds for the engine and other spares, industry sources confirmed to FE.

[LN-AFG]

http://aeronauticsonline.com/jet-air...or-management/

Jet Airways To Pay 25% Salary to Senior Management

Jet Airways, a struggling Indian carrier, will be giving out 25% salary for September to its pilots, engineers, and senior management on the 25th. The airline has not provided a date for receiving the remaining 75%.

Jet Airways has over 16,000 employees and they have been delaying their payment to these staffs since August. “We would like to inform you that the first tranche 25% of September salary will be remitted on the forthcoming week of October 25,” Jet Airways Chief People Officer Rahul Taneja said in a communication. Even though there is a delay Jet Airways promised to give the salaries to its staff as earliest as possible.

Klarer de å overleve? Litt lønn ut til ansatte i ledende stillinger, hvor lenge gidder folk å være i en jobb der de ikke får lønn gjennom to måneder.

[raider66]

Hvis alternativet er ennå dårligere så holder de nok ut så lenge som mulig. Men dette lover jo ikke spesielt bra....

Espen

[Someone]

Det meldes nå de ligger bak skjema med betaling av flyleasing

https://wap.business-standard.com/ar...2800463_1.html

Jet Airways has defaulted on payments to aircraft lessors and has been served show cause notice by the Airports Authority of India (AAI) for payment delays. Lessors have also served notices for payment default and indications are the airline may return five-seven of its older Boeing 737 planes to resolve the dispute, said sources.

[Someone]

Jet Airways er forsinket i betalingen på banklån også nå. Det er sjeldent et godt tegn

https://www.flightglobal.com/news/ar...yments-454724/

Jet Airways defaulted on payments to a consortium of Indian banks on 31 December 2018.

[LN-AFG]

De er konkurs. De vil bare ikke innse det. Med lån, leasing og lønn utestående betalt så er det ingen annen vei enn konkurs.

[Someone]

Leasingselskapene begynner naturligvis bli lei av å ikke få betalt

https://uk.reuters.com/article/us-in...-idUKKCN1P50V9

Crisis talks between India’s cash-strapped Jet Airways Ltd (JET.NS) and aircraft lessors have failed to ease a row over late payments, prompting some lessors to explore taking back aircraft, three people familiar with the matter told Reuters

Men det skal sies, indiske konkurslover er lite kreditorvennlig, hvilket gjør det mer risikofylt å lease ut fly til indiske selskaper

Some lessors have engaged with lawyers, are working with their technical teams about repossession and are monitoring the planes, but the situation could be complicated by a new bankruptcy law that allows up to 270 days where no action is permitted against the debtor or its assets, the person said.

Jet har jo flere 737 MAX maskiner på vei og leasingselskapene vil neppe gi dem til Jet slik situasjonen er nå

[Someone]

Skal de nå bli reddet av Etihad, som da øker eierandelen fra 24% til 49%? Foreløpig ikke bekreftet fra selskapene selv

https://wap.business-standard.com/ar...1400484_1.html

Etihad Airways PJSC has agreed to raise its stake in Jet Airways India Ltd to 49 per cent as founder and chairman Naresh Goyal gives up majority control of the carrier, potentially paving the way for the rescue of the cash-starved company, according to television reports

[Someone]

Ser ut som det nå er en redningspakke på vei. Steg en virker å være å konvertere gjeld til egenkapital, hvilket innebærer dagens aksjonærer får halvert eierandelen.

Dog fortsetter de slite med å betale regningene sine og de trenger jo også endre på driften

https://www.flightglobal.com/news/ar...y-swap-456062/

Jet's shareholders approve debt-for-equity swap

[Someone]

Jet Airways innrømmer at 25 fly nå er satt på bakken på grunn av manglende betaling av leasing. Og det ryktes det reelle antallet er høyere

https://www.flightglobal.com/news/ar...rcraft-456322/

Jet Airways has grounded two more aircraft for defaults on lease payments, meaning nearly a quarter of its fleet is now out of operations.

The carrier confirmed the latest two groundings in a 4 March Indian stock exchange statement, joining 23 other aircraft that the carrier has previously grounded for non-payment of lease rentals, that the carrier disclosed between 8 February and 2 March.

[Someone]

Da er de fly til parkert, så totalt 28

https://www.flightglobal.com/news/ar...-lease-456451/

At least 28 of Jet Airways’ aircraft have now been grounded for defaults on lease payments, following the latest grounding of three aircraft on 7 March

[Someone]

Ytterligere 4 fly satt på bakken på grunn av manglende betaling, så skal da være over 40 fly som er parker

https://www.flightglobal.com/news/ar...four-m-456710/

Jet Airways has delayed paying interest on debentures coming due on 19 March, and grounded four more jets over defaults on lease rentals as the carrier’s cash crunch show little sign of abating

[raider66]

Er det leasingselskapene som da disponerer disse flyene? Kan de leies ut til andre (selvom de i dag har Jet dekor), eller sitter eierne av flyene på gjerdet og håper på det beste? Skjønner ikke dette helt, hvem er det som taper mest på at disse flyene nå står på bakken? Både Jet og leasingselskapene skulle jeg tro. Men hvor lenge kan de stå før dette blir et stort problem for de som eier flyene?

Espen