Lenders to India’s troubled Jet Airways Ltd may have to wait a little longer to ...
FILE PHOTO: Jet Airways aircrafts are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, March 26, 2019. REUTERS/Francis Mascarenhas/File Photo
Jet, India’s oldest private carrier, is saddled with more than $1 billion in debt, compounding its financial woes and forcing it to ground most of its fleet. Last month, Jet’s lenders, led by State Bank of India agreed to bailout the airline in a complex deal that involved the banks taking a majority stake, while seeking out an investor to help revive the company’s fortunes.
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