Govt sees little hope of a bidder emerging for debt-laden Jet Airways; could face bankruptcy proceedings: Report
Jet’s borrowings are small compared to those of other big defaulters such as Videocon and some steel companies, so lenders likely can wait for some more time before commencing bankruptcy proceedings,
Jet’s management had advised the airline’s board to temporarily suspend the company’s operations, according to reports
Acute financial crunch has forced Jet Airways to ground aircraft, cancel flights and delay payment of salaries, including to pilots.
Jet Airways flying 26 aircraft fulfills criteria for international operations: Civil Aviation secretary
Jet Airways, which is grappling with acute financial woes, had a fleet of around 119 planes.
Have agreed to every condition laid down by Jet Airways' lenders to ensure release of funds for airline, says Naresh Goyal
Jet Airways is set to undergo a debt resolution whereby lenders will take control and also infuse funds worth Rs 1,500 crore
The State Bank of India-led consortium of lenders is working on a resolution plan for the cash-strapped Jet Airways for the last five months.