Live
- Gentle in manner, resolute in convictions: Sonia Gandhi pens emotional note for Dr. Manmohan Singh
- 2024: A landmark year for India's defence achievements and breakthroughs
- 2025 Horoscopes: Insights and Guidance by Pt. Umesh Chandra Pant
- Osamu Suzuki was a legendary figure in global auto industry: PM Modi
- “AMOEBA”: Celebrating the Journey of Telugu Entrepreneur Sri Motaparti Siva Rama Vara Prasad
- Sachin Khedekar recites a poem from director Feroz Abbas Khan’s powerful new play, ‘Hind 1957’
- NABL-QCI appoints Dr. Sandip Shah as chairperson
- Centre transfers Rs 2.23 lakh crore for 1,206 schemes under Direct Benefit Transfer
- BGT 2024-25: Watching Konstas bat reminds me of Symonds, says Hayden
- 75 iconic lighthouses in India saw more than 10 lakh visitors till September
Lenders to take over Jet Airways
Highlights
Lenders of cash-strapped Jet Airways are in the process of securing "substantial stake" in the ailing airline to try and revive it to a manageable state before selling it to new promoters, a senior Finance Ministry source said on Friday
New Delhi: Lenders of cash-strapped Jet Airways are in the process of securing "substantial stake" in the ailing airline to try and revive it to a manageable state before selling it to new promoters, a senior Finance Ministry source said on Friday.
"Only after securing substantial stake in the airline, the lenders are planning to sell Jet Airways, and the existing promoters need to exit before new buyers can be roped in", he said.
After defaulting on interest payments and delaying salaries to pilots, with Jet Airways now flying just about a third of its fleet following the recent grounding of many aircraft, the full service carrier is currently in a near standstill situation.
Next Story
ADVERTISEMENT
