Jet Airways suspension from the operations raises many questions ???

Jet Airways suspension from the operations raises many questions ???: Jet Airways temporary shutdown and halted all flight operations indefinitely from wednesday raises many questions on why this most admired airlines got into the stage of sick airlines, the sources said,Promoters are purely responsible for the debacle and they only have to comet with the revival Plan to save the debit ridden Airways. Says OfficialJet Airways’ temporary shutdown has significantly aggravated problems for the airline with potential investors asking lenders to take an upto-80% haircut on their Rs 8,500-crore debt. The bidders have also severely criticised the banks’ reluctance to release emergency loans. Now a question arises on why the Public Sector banks will come into the picture, that could be the reason why the Banks are thinking not twice but thrice on it. However, the lenders have selected four suitors including Etihad Airways and NIIF to place bids for the airline, the report says.

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

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