Jet Airways bankruptcy and rebirth 2.0
Apr 16, 2019, 1:14 pm
#406
Join Date: Jul 2017
Programs: KrisFlyer Gold, Marriott & SPG Plat, Hilton Gold, ShangriLa Jade, Enterprise Plat, Taj Gold
Posts: 3,343
Apparently now the govt. is saying that they are keeping a close watch on flight prices. But yes things will be more expensive now.
Apr 16, 2019, 1:17 pm
#407
Join Date: Jul 2017
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Posts: 3,343
9W seems to be flying another day. They've dropped their demand from 1000 CR to 400 CR from the banks. The banks still haven't decided if it's worth paying that much to keep them alive.
I don't know how they're flying tomorrow other than by not paying anyone anything I guess.
Exim bank has recalled their entire 2000 CR loan. They guaranteed the original Citibank US loan. So now 9W will have to give up 10 77Ws to them!
I don't know how they're flying tomorrow other than by not paying anyone anything I guess.
Exim bank has recalled their entire 2000 CR loan. They guaranteed the original Citibank US loan. So now 9W will have to give up 10 77Ws to them!
Apr 16, 2019, 2:05 pm
#408
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,095
Apr 16, 2019, 2:45 pm
#409
Join Date: Feb 2010
Location: ORD
Programs: US Air, UA BA LH AI DELTA MARRIOTT CHOICE SGP
Posts: 9,883
9W seems to be flying another day. They've dropped their demand from 1000 CR to 400 CR from the banks. The banks still haven't decided if it's worth paying that much to keep them alive.
I don't know how they're flying tomorrow other than by not paying anyone anything I guess.
Exim bank has recalled their entire 2000 CR loan. They guaranteed the original Citibank US loan. So now 9W will have to give up 10 77Ws to them!
I don't know how they're flying tomorrow other than by not paying anyone anything I guess.
Exim bank has recalled their entire 2000 CR loan. They guaranteed the original Citibank US loan. So now 9W will have to give up 10 77Ws to them!
Apr 16, 2019, 4:28 pm
#410
FlyerTalk Evangelist
Join Date: Sep 2003
Programs: BA Silver, EY Gold, HH Diamond, IHG Plat
Posts: 12,210
Got this email from JP.
Jet Privilege Pvt. Ltd. is a separate, independent entity part of the Etihad Aviation Group formed with the sole purpose to market, develop and grow JetPrivilege – an internationally acclaimed award-winning loyalty and rewards programme. It's our foremost responsibility to safeguard your faith & would like to assure you that your JPMiles are safe and that we are committed to fulfilling your aspirations.
Apr 16, 2019, 5:21 pm
#411
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,095
Apr 16, 2019, 6:26 pm
#412
Join Date: Feb 2010
Location: ORD
Programs: US Air, UA BA LH AI DELTA MARRIOTT CHOICE SGP
Posts: 9,883
In the scheme of things JP miles holders may not have large amount of miles. Redemption are at a ridiculous rate......besides if they can be used on Etihad when THEY want to get rid of the miles thru redemption on EY.
Apr 17, 2019, 12:03 am
#413
Join Date: Jul 2017
Programs: KrisFlyer Gold, Marriott & SPG Plat, Hilton Gold, ShangriLa Jade, Enterprise Plat, Taj Gold
Posts: 3,343
And while the pilots are not swiping their cards to pay for fuel 9W is having to pay up first daily before IOC is filling up the tanks.
Apr 17, 2019, 12:07 am
#414
Join Date: Jul 2017
Programs: KrisFlyer Gold, Marriott & SPG Plat, Hilton Gold, ShangriLa Jade, Enterprise Plat, Taj Gold
Posts: 3,343
Apr 17, 2019, 12:53 am
#415
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,095
It will be interesting to see if, upon shut-down of 9W, 9W program elites get any elite status match opportunities using their 9W elite status. I don't recall EY giving AB elites an automatic EY status match due to the collapse of AB.
Apr 17, 2019, 3:05 am
#416
Join Date: Jul 2015
Location: Erehwon
Programs: Hilton Honors, IHG One
Posts: 14
Apr 17, 2019, 4:38 am
#417
Join Date: Jul 2017
Programs: KrisFlyer Gold, Marriott & SPG Plat, Hilton Gold, ShangriLa Jade, Enterprise Plat, Taj Gold
Posts: 3,343
No they didn’t. TopBonus had just before going down done a very aggressive status matching campaign giving OWE status if I recall to almost anyone. The only thing they allowed when AB & TopBonus sank was only Y redemption on EK for a few months at a slightly lower than EK’s disgraceful rates.
Apr 17, 2019, 8:15 am
#418
Join Date: Jul 2017
Programs: KrisFlyer Gold, Marriott & SPG Plat, Hilton Gold, ShangriLa Jade, Enterprise Plat, Taj Gold
Posts: 3,343
RIP 9W.
They stopped flying tonight. They say they have temporarily suspended operations but it looks like the end.
The banks have refused to release 400CR requested by them to carry on operations without additional collaterals.
The firms that submitted EoIs have till May 10 to submit binding bids. What they’re bidding for now I don’t know. They have no assets, no routes and come 10 May probably no license to fly either and over $1 bil debt.
We will miss you 9W. If only Goyal hadn’t been such a headstrong @$$ till the end and sold of his shares earlier... well there might be a few more “if onlys” but that was the last reasonable one.
They stopped flying tonight. They say they have temporarily suspended operations but it looks like the end.
The banks have refused to release 400CR requested by them to carry on operations without additional collaterals.
The firms that submitted EoIs have till May 10 to submit binding bids. What they’re bidding for now I don’t know. They have no assets, no routes and come 10 May probably no license to fly either and over $1 bil debt.
We will miss you 9W. If only Goyal hadn’t been such a headstrong @$$ till the end and sold of his shares earlier... well there might be a few more “if onlys” but that was the last reasonable one.
Apr 17, 2019, 8:37 am
#419
Join Date: Jun 2016
Posts: 581
RIP 9W.
They stopped flying tonight. They say they have temporarily suspended operations but it looks like the end.
The banks have refused to release 400CR requested by them to carry on operations without additional collaterals.
The firms that submitted EoIs have till May 10 to submit binding bids. What they’re bidding for now I don’t know. They have no assets, no routes and come 10 May probably no license to fly either and over $1 bil debt.
We will miss you 9W. If only Goyal hadn’t been such a headstrong @$$ till the end and sold of his shares earlier... well there might be a few more “if onlys” but that was the last reasonable one.
They stopped flying tonight. They say they have temporarily suspended operations but it looks like the end.
The banks have refused to release 400CR requested by them to carry on operations without additional collaterals.
The firms that submitted EoIs have till May 10 to submit binding bids. What they’re bidding for now I don’t know. They have no assets, no routes and come 10 May probably no license to fly either and over $1 bil debt.
We will miss you 9W. If only Goyal hadn’t been such a headstrong @$$ till the end and sold of his shares earlier... well there might be a few more “if onlys” but that was the last reasonable one.
Apr 17, 2019, 8:44 am
#420
Join Date: Jul 2017
Programs: KrisFlyer Gold, Marriott & SPG Plat, Hilton Gold, ShangriLa Jade, Enterprise Plat, Taj Gold
Posts: 3,343
I don’t know if there are legal and technical ramifications to “temporarily suspended” however they certainly can’t say they’ve shut shop and demand investors come in and buy them out.