Saturday, November 17, 2018

PM Modi boards crisis hit Jet Airways flight, prods Tata group to save Naresh Goyal airline

Naresh Goyal-led Jet Airways is going through financial turmoil and not only thousands of its employees, even the government is worried about its fate as well as impact on Indian aviation where demand has been soaring, but profits have been elusive for airlines. As per Zee Business TV's exclusive report, Tata Group has come forward to rescue Jet Airways after being prodded by Modi government.

According to the report, PM Modi has himself been personally keeping a close watch on Jet Airways crisis and asked Tata Group to provide as much help in the matter as possible.

Since the government is directly involved in the turmoil that the aviation sector is undergoing, the government may also give some benefits to Tata Group if it rescues the beleaguered airlines, claimed sources close the matter.

This may include some relief on bank loans that have been given to Jet Airways in the past and some relief from the Airport Authority of India on its dues to the Jet.
16/11/18 ZeeBiz