close
MIDDLE EASTERN (B)

Lenders Keen on Utilizing 15 Jet Airways Planes After Its Crisis

Jet-Airways_shutterstock_Apr20.jpg


Lenders are exploring ways to utilise about 15 planes owned by Jet Airways and also discussing with authorities on protecting the valuable assets, including airport slots, of the now-shuttered airline, banking sources said.

As they wait for completion of the bidding process for stake sale, the domestic lenders, led by SBI, are looking at options to raise funds from available assets of the carrier, which has served the Indian skies for nearly 26 years.

Left with no cash to continue flying, the once-mighty Jet Airways on Wednesday suspended operations temporarily.





Source link

The author

Leave a Response