Debt-Laden Jet Airways Lenders Plan To Sell Up To 75% Stake

Debt-Laden Jet Airways Lenders Plan To Sell Up To 75% Stake

Accumulated losses in nine of the past 11 years have caused Jet Airways to delay payments to banks, lessors and employees.Jet Airways needs Rs 8,500 crore to get back on its feet after a fare war wiped out its profits.

Story Highlights.

  • Potential buyers must submit interest by April 10, says SBI
  • Jet Airways needs Rs 8,500 crore to get back on its feet
  • Airline’s fleet has dwindled to 26 planes from 124 in January

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