Jet Airways bankruptcy and rebirth 2.0
Feb 18, 2019, 9:11 pm
#121
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The question is what conditions are tied to this cash injection. SBI's involvement indicates some kind of state support, I doubt they would invest further cash without getting the approval of some babu first. Goyal giving away control indicates that Etihad is seriously involved. Which is surprising, because they are overall retreating quickly from all their investments to limit their losses.
Feb 19, 2019, 12:51 am
#122
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I don't recall Tata/Vistara being the race to take over 9W...? Didn't they look at AI?
Also are the restrictions on foreign ownership of airlines off the table now?
Also are the restrictions on foreign ownership of airlines off the table now?
Feb 19, 2019, 1:21 am
#123
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Feb 19, 2019, 2:26 am
#124
Join Date: Jun 2016
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Yes that could be an angle. EY's "investments" have all failed and they're in a tight spot themselves.
I'm surprised QR didn't make an offer of 175 to Goyal and try and push EY out. They wouldn't get a better opportunity than this at least for the next few years.
I'm surprised QR didn't make an offer of 175 to Goyal and try and push EY out. They wouldn't get a better opportunity than this at least for the next few years.
If Goyal really wanted to play hardball, this would have been a great alternative. Both QR and EY would do anything to spite each other. Maybe SBI can try to offload their holdings to QR in a year's time ! I don't see the Qatar/UAE spat being resolved anytime soon.
Feb 19, 2019, 5:47 am
#125
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QR will not buy unless EY exits. SBI & co selling their shares would mean EY & QR would be jointly running things. That would make for a great sitcom though.
Feb 19, 2019, 6:25 am
#126
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So foreigners can own 100% of an Indian airlines and 49% of a foreign airlines in India. I think they changed this rule late last year.
Feb 19, 2019, 9:56 am
#127
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Feb 19, 2019, 10:10 am
#128
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You’d always want to distribute the risk with partners and financial institutions.
Feb 20, 2019, 6:39 am
#129
Join Date: Mar 2018
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Now is the time to redeem all 9W miles on international partners. From what I hear, the JP miles are soon to be 'devalued' in terms of requirements on partner airlines with no significant change in the earning ratio.
Feb 25, 2019, 8:47 am
#132
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So the conversion is approved:
But SBI is going to sue Jet for recovery of dues?
https://economictimes.indiatimes.com...w/68150022.cms
During the extraordinary general meeting (EGM) on Thursday, the shareholders also approved alterations to the company's Articles of Association and Memorandum of Association.
But SBI is going to sue Jet for recovery of dues?
https://economictimes.indiatimes.com...w/68150022.cms
Feb 26, 2019, 9:57 am
#133
Join Date: Jun 2016
Posts: 578
I've been reading that it isn't finalised yet ? Goyal hasn't agreed to dropping his shares and board seat yet. SBI is running around being a mediator between Goyal and Etihad and maybe airing few of it's issues as well while they are at it.
Feb 26, 2019, 10:14 am
#134
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I suppose Goyal is playing brinkmanship thinking / knowing they cannot afford to go into bankruptcy.
Feb 26, 2019, 8:52 pm
#135
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