Jet Airways’ lenders hope bidding process can save airline
Thursday, 18 April 2019 NEW DELHI (AP) — Creditors of India’s beleaguered Jet Airways say they are “reasonably hopeful” that a bidding process with potential investors for a controlling stake in the airline will save the company. The consortium of 26 lenders led by State Bank of India released the statement Thursday following cash-starved Jet Airways’ decision late Wednesday […]
Jet Airways, once India's largest private airline, is over a billion dollars in debt and has not paid its pilots and employees in weeks. It has also decided to pull its planes from the skies. Jayson Albano reports.
Anil Agarwal’s family trust Volcan Investments (VI) has withdrawn its expression of interest (EoI) for the grounded airline Jet Airways. Volcan withdrew hours... IndiaTimes Also reported by •Reuters India