What went wrong with Jet Airways, lenders plan to sell 75% stake

What went wrong with Jet Airways, lenders plan to sell 75% stake: The airline is credited with successfully as India’s second-biggest carrier, but its fleet has dwindled to 26 planes from 124 as recently as January. Cash-strapped Jet Airways and decided on the timeline for the stake sale. Jet Airways India Ltd.’s lenders invited initial bids to buy as much as 75 percent of the debt-laden carrier, starting a process that will determine the future of India’s oldest surviving private airline. A question comes when Naresh Goyal could not run his Airlines, now who would be the next entrepreneur will able to run this debt-ridden Airlines.

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

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