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Jet Airways’ lenders hope bidding process can save airline

Seattle Times 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 […]
Credit: Reuters Studio - Published < > Embed
News video: India's Jet Airways runs out of cash, shuts down

India's Jet Airways runs out of cash, shuts down 01:26

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.

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IndiaTimes Also reported by •Reuters India

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