Interim Funds

Interim Funds News

Jet Airways crisis: US Exim Bank to seize all Boeing 777 aircraft as lenders yet to release interim funds to ailing airline
Business

Jet Airways crisis: US Exim Bank to seize all Boeing 777 aircraft as lenders yet to release interim funds to ailing airline

Meanwhile, Punjab National Bank (PNB) managing director Sunil Mehta said on Tuesday that lenders to the cash-strapped Jet Airways are committed to reviving the air carrier but nothing has been finalised yet.

Jet Airways crisis: Naresh Goyal says ready to pledge rest of his shares in cash-strapped airline for Rs 1,500-cr interim fund
Business

Jet Airways crisis: Naresh Goyal says ready to pledge rest of his shares in cash-strapped airline for Rs 1,500-cr interim fund

Amid acute financial crunch, which has also forced it to delay salaries to employees and payments to banks, aircraft lessors and vendors, Jet Airways is struggling to remain afloat.