JETAIRWAYS

The Exchange has sought clarification from Jet Airways (India) Limited with respect to recent news item captioned "Jet Airways in talks with True Jet for subleasing of ATR Aircrafts". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Jet Airways (India) Limited has submitted their response.

The Exchange has sought clarification from Jet Airways (India) Limited with respect to recent news item captioned "Jet Airways in talks with True Jet for subleasing of ATR Aircrafts". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

The Exchange had sought clarification from the Company with respect to news item captioned-Jet auditor BSR may quit if issues are not resolved ,In this regard, Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company is aware of any information that has not be

The Exchange had sought further clarification from the Company with respect thier annoucement dated august 09, 2018 that: 1. We have noticed a difference in your response dated August 10,2018. Hence kindly clarify whether the management sought extension from audit committee as per your response dated August 10, 2018 or Audit committee did not recommend the said financial result to the Board as per your announcement dated August 9, 2018.2. In your response dated August 10, 2018 the details of certain matters which has been not closed is not provided . Kindly provide us the exact reasons for whi

The Exchange has sought clarification from Jet Airways (India) Limited with respect to recent news item captioned "Jet-lagged airline plans dollar 400-million stake sale to PEs". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Jet Airways (India) Limited has submitted their response.

The Exchange has sought further clarification from the Company with respect thier annoucement dated august 09, 2018 that: 1. We have noticed a difference in your response dated August 10,2018. Hence kindly clarify whether the management sought extension from audit committee as per your response dated August 10, 2018 or Audit committee did not recommend the said financial result to the Board as per your announcement dated August 9, 2018.2. In your response dated August 10, 2018 the details of certain matters which has been not closed is not provided . Kindly provide us the exact reasons for whi

The Exchange has sought clarification from the Company with respect to news item captioned-Jet auditor BSR may quit if issues are not resolved ,In this regard, Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company is aware of any information that has not be

The Exchange has sought clarification from Jet Airways (India) Limited with respect to recent news item captioned "Jet-lagged airline plans dollar 400-million stake sale to PEs". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

The Exchange has sought clarification from Jet Airways (India) Limited with respect to recent news item captioned "Jet defers 1st Qtr results, Audit Panel Head quits". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Jet Airways (India) Limited has submitted their response.

The Exchange had sought clarification from the Company with respect the announcement dated august 09, 2018 about deferment of the release of unaudited financial results for the quarter ended 30 June, 2018 after its audit committee declined to recommend it to the Board for its approval. In this regard, Exchange has advised the Company to provide clarification in detail for following- 1. Kindly state us the reasons for which Audit committee has not approved the financial result. Further as per your announcement dated August 9, 2018 it was stated that there certain matters which has been not clos

The Exchange has sought clarification from the Company with respect thier annoucement dated august 09, 2018 about deferrement of the release of unaudited financial results for the quarter ended 30 June, 2018 after its audit committee declined to recommend it to the Board for its approval. In this regard, Exchange has advised the Company to provide clarification in detail forfollowing- 1. Kindly state us the reasons for which Audit committee has not approved the financial result. Further as per your announcement dated August 9, 2018 it was stated that there certain matters which has been not c

The Exchange has sought clarification from Jet Airways (India) Limited with respect to recent news item captioned "Jet defers 1st Qtr results, Audit Panel Head quits". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

The Exchange has sought clarification from Jet Airways (India) Limited with respect to recent news item captioned "Can't fly beyond 60 days, Jet tells Staff" and "Jet facing turbulance, revives stake sale talks" . The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Jet Airways (India) Limited has submitted their response.

The Exchange has sought clarification from Jet Airways (India) Limited with respect to recent news item captioned "Can't fly beyond 60 days, Jet tells Staff" and "Jet, facing turbulance,revives stake sale talks". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

The Exchange has sought clarification from Jet Airways (India) Limited with respect to recent news item captioned "Fraudulent practices by Jet Airways promoter Naresh Goyal ". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Jet Airways (India) Limited has submitted their response.

The Exchange has sought clarification from Jet Airways (India) Limited with respect to recent news item captioned "Fraudulent practices by Jet Airways promoter Naresh Goyal ". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

The Exchange had sought clarification from the Company with respect to news item captioned "CCI Imposes Penalty Of Rs 40 Cr Against Jetairways, Rs 10 Cr Against InterGlobe Aviation & Rs 5 Cr Against For flyspicejet 'Concerted Action' In Fixing Fuel Surcharge On Cargo Transport". The response from the Company is enclosed.

The Exchange has sought clarification from the Company with respect to news item captioned - CCI Imposes Penalty Of Rs 40 Cr Against Jetairways, Rs 10 Cr Against InterGlobe Aviation & Rs 5 Cr Against For fly spicejet 'Concerted Action' In Fixin In this regard, Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material

The Exchange had sought clarification from the Company with respect to news item captioned "Jet crew member held for carrying USD worth Rs 3.21 crore". The response from the Company is enclosed.

The Exchange has sought clarification from the Company with respect to news item captioned ��Jet crew member held for carrying USD worth Rs 3.21 crore��. In this regard, Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company is aware of any information that

The Exchange has sought clarification from Jet Airways (India) Limited with respect to recent news item captioned "Jetairways In Exploratory Talks With Delta To Sell Up To 24% Stake; Looking To Raise Around Rs 2,000 Cr". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Jet Airways (India) Limited has submitted their response.

The Exchange has sought clarification from Jet Airways (India) Limited with respect to recent news item captioned "Jet Airways In Exploratory Talks With Delta To Sell Up To 24% Stake; Looking To Raise Around Rs 2,000 Cr". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company i

News about Jet Airways (India) Limited. The media had reports that "Etihad set to raise its stake in Jet Airways to 49% from 24%". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Jet Airways (India) Limited has vide its letter inter-alia stated, "The said news item is a rumour and is speculative in nature and no such move is under contemplation."

The Exchange has sought clarification from Jet Airways (India) Limited, with respect to recent news item captioned "Etihad set to raise its stake in Jet Airways to 49% from 24%". In this regard, the Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

Clarification by Jet Airways (India) Limited Substantial increase in trading volumes have been observed in Jet Airways (India) Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Jet Airways (India) Limited has vide its letter inter-alia stated, "That all information, which has a bearing on the operation /performance of the Company, as well as all information, which is price sensitive in nature, has been promptly dissemin

The Exchange had sought clarification from Jet Airways (India) Limited regarding scheme of Merger of Jet Lite (India) Limited with the Company.In this regard, Exchange have advised the Company to provide clarification/confirmation on the following: a) Whether the transaction would fall within related party transaction? If yes, whether the same is done at, arm's length. b) Areas of business of the entity (ies). c) Rationale for amalgamation/merger d) In case of cash consideration amount or otherwise share entitlement/exchange ratio in relation to the amalgamation /merger; brief details of chang

The Exchange had sought clarification from Jet Airways (India) Limited regarding scheme of Merger of Jet Lite (India) Limited with the Company.In this regard, Exchange have advised the Company to provide clarification/confirmation on the following: a) Whether the transaction would fall within related party transaction? If yes, whether the same is done at, arm's length. b) Areas of business of the entity (ies). c) Rationale for amalgamation/merger d) In case of cash consideration amount or otherwise share entitlement/exchange ratio in relation to the amalgamation /merger; brief details of chang

News Verification : The media had reports that "Jet Airways jumps on report Etihad seeking to raise stake.". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Jet Airways (India) Limited has vide its letter inter-alia stated,"that certain media reports about Etihad Airways approaching the Government of India seeking to raise its stake in Jet Airways are entirely incorrect."

The Exchange has sought clarification from Jet Airways (India) Limited with respect to recent news item captioned "Jet Airways jumps on report Etihad seeking to raise stake". In this regard, the Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are awar

News Verification : The media had reports that "Jet Plans to sell wide-body fleet to reduce Rs 12K cr debt". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Jet Airways (India) Limited has vide its letter inter-alia stated, "Jet Airways is exploring various options which would optimise its fleet of aircraft and international and domestic network. However we have no current plans to dispose of any substantial part of our fleet."

The Exchange has sought clarification from Jet Airways (India) Limited with respect to recent news item captioned "Jet Plans to sell wide-body fleet to reduce Rs 12K cr debt". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware

The Exchange had sought clarification from Jet Airways (India) Limited with respect to a news item captioned "Etihad drops plan to lease Boeing aircraft from Jet ". The Company has clarified that "Etihad has already denied it. Etihad has also issued the clarification in this regard. Etihad Statement: (attributable to an Etihad Airways spokesperson) Etihad Airways has denied reports that it has dropped plans to lease aircraft from Jet Airways. We already have two Boeing 777-300ERs and two Airbus A330-200s in operation under dry lease from Jet Airways, and are finalizing plans to introduce a

The Exchange has sought clarification from Jet Airways (India) Limited with respect to recent news item captioned "Etihad drops plan to lease Boeing aircraft from Jet ". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of

The Exchange sought clarification from Jet Airways (India) Limited with respect to news item captioned "Jet Airways stock nosedives 5% after ICRA cuts credit rating to lowest". The Company has clarified that "The ICRA also had, as part of the process last year, downgraded Jet Airways to a D rating, but after engagement with us and going through the facts, reinstated the rating to BB . Our financial obligations have, when compared to last year, considerably reduced. It is pertinent to mention here that before the ICRA issued their recent downgrade of Jet Airways, they did not, contrary to

The Exchange had sought clarification from Jet Airways (India) Limited with respect to a news item captioned "Jet Airways to Sell Jet Lite". The Company has clarified that "The news item is incorrect and purely speculative. We have nothing more to say on this at stage".

News Verification : The media had reports that "Jet cancels orders for 17 Boeing". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Jet Airways (India) Limited has vide its letter inter-alia stated, "We wish to clarify that the information in the news article is incorrect. The company has not cancelled any aircraft order. The company, has in fact, opted for more fuel efficient variant".

The Exchange had sought clarification from Jet Airways (India) Limited with respect to a news item captioned "Jet Airways acting CEO Gopalakrishnan quits airline". The Company has clarified that "The Board of Directors of the Company had, on 16th January, 2014, appointed Mr. Ravishankar Gopalakrishnan, CFO, as the Acting CEO of the Company following the resignation of Mr. Gary Toomey. Since then, Mr. Ravishankar has been the Acting CEO of the Company. Mr. Ravishankar has now resigned from the Company and consequently, from the positions of Acting CEO and CFO, owing to purely personal reasons

The Exchange had sought clarification from Jet Airways (India) Limited with respect to a news item captioned "Sebi issues showcause notice to Etihad Airways on Jet deal". The Company has clarified that "SEBI has issued Show cause Notice dated 11th Feb 2014 to, inter alia, Etihad Airways as reported in the news item referred above.The Company has not received any notice or communication from SEBI in this regard."

The Exchange had sought clarification from Jet Airways (India) Limited with respect to a news item captioned "Jet Airways may raise $300 m via ECBs to retire costly debt: CFO". The Company has clarified that "The company is exploring options of raising funds including by way of External Commercial Borrowings subject necessary corporate and regulatory approvals.".

Jet Airways (India) Limited has informed the Exchange, clarification on news article appearing in the newspaper dated December 20, 2013 titled "CCI imposes Rs 1 cr fine on Etihad in Jet Airways deal", as follows:- "We wish to clarify that the order of the Competition Commission of India (CCI) levying penalty on Etihad has no impact on the Company and the approval already given by CCI on the transaction."

Jet Airways (India) Limited has informed the Exchange vide letter dated June 18, 2013 regarding clarification on news published in newspaper on June 18, 2013.

News Verification : The media had reports that Etihad Airways is close to buying stake in Jet Airways (India) Limited. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Jet Airways (India) Limited has vide its letter inter-alia stated, "We wish to state that while Jet ("the Company") and Etihad are in a discussion regarding a potential investment by the latter in the former, these discussions have commenced recently pursuant to the l

News Verification : The media had reports that Jet Airways (India) Limited may sell its stake to Etihad Airways. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Jet Airways (India) Limited has vide its letter inter-alia stated,"The company cannot comment on such speculative reports."

News Verification : The media had reports that Jet Airways (India) Ltd. may sell 10% stake to Temasek for Rs 250 Crores. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Jet Airways (India) Ltd. has vide its letter inter-alia stated, "With regard to this particular news item, we wish to clarify that it is not correct."

News Verification : The media had reports that Reliance may buy 6-7% stake in the company. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Jet Airways (India) Ltd. has vide its letter inter-alia stated, "We wish to clarify the contents of the media report are not correct."

News Verification : The media had reports on September 8, 2006 that there could be an out-of-court settlement between Jet Airways (India) Ltd and Air Sahara. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Jet Airways (India) Ltd has vide its letter inter-alia stated, "We wish to clarify that the contents of the news item under reference are mere speculations on the part of the correspondent."

News Verification : The media had reports that there could be an out-of-court settlement between Jet Airways (India) Ltd and Air Sahara. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from Jet Airways (India) Ltd.

News Verification : The media had reports on August 15, 2006 that Jet Airways (India) Ltd. is taking initial steps to revive the buyout deal with Air Sahara. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Jet Airways (India) Ltd has vide its letter inter-alia stated, "We wish to clarify that the contents of the above press reports are mere speculations on the part of the correspondent".

News Verification : The media had reports on August 15, 2006 that Jet Airways (India) Ltd. is taking initial steps to revive the buyout deal with Air Sahara. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from Jet Airways (India) Ltd.

Jet Airways (India) Ltd. has informed the Exchange with regards to News items appearing in "The Economic Times", the Company has clarified that discussions are in progress between the Company and Sahara Airlines Limited. At this point in time, the parties have not concluded any agreements.