Latest News on Rescue Deal
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Rescue Deal - Total results - 5
Apr 01, 2019
Jet Airways crisis: SBI-led consortium draws out fresh plan to revive debt-laden airline; Etihad not keen to invest moreEtihad, Jet Airways' previous strategic partner, is not keen to invest more and hike its stake in the cash-strapped airline, said the report.
Mar 25, 2019
Jet Airways crisis: Timeline of events that led to founder-chairman Naresh Goyal's exit from airline's boardJet Airways has been caught in a slew of issues including delayed payments to banks, suppliers and aircraft lessors besides payment to pilots and engineering staff.
Mar 18, 2019
Jet Airways delays interest payment to debenture holder on financial constraints as rescue deal hits yet another hurdleJet Airways has been saddled with debt of over Rs 8,000 crore due to tight competition and rising fuel costs, forcing the carrier to ground several of its aircraft.
Feb 21, 2019
Debt-laden Jet Airways edges closer to safety after SBI-led rescue deal to plug Rs 8,500-cr funding gapJet Airways, which had debt exceeding Rs 8,000 crore as of September-end, has been steadily losing market share to its rival and low-cost carrier IndiGo.
Feb 15, 2019
Jet Airways seeks to raise about Rs 6,000 cr from govt fund, stake sale; shares rise 7.5%et Airways said on Thursday its board had approved a rescue deal that will make its lenders its largest shareholders and fix a near Rs 8,500 crore funding gap.