Why the Jet Airways crisis emphasises the need for a better-structured credit market
Reassessing risk scenarios are essential as businesses such as Jet Airways that have relatively fewer tangible assets utilise the debt markets. From a lender's perspective, not finding a prospective buyer for Jet Airways implies potentially sending it to the bankruptcy court. But for businesses that do not have a significant quantity of fixed assets, the value realisation from bankruptcy courts can be meagre.
See why the airlines' crisis points to the necessity a better-structured credit market >>>
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Reassessing risk scenarios are essential as businesses such as Jet Airways that have relatively fewer tangible assets utilise the debt markets. From a lender's perspective, not finding a prospective buyer for Jet Airways implies potentially sending it to the bankruptcy court. But for businesses that do not have a significant quantity of fixed assets, the value realisation from bankruptcy courts can be meagre.
See why the airlines' crisis points to the necessity a better-structured credit market >>>
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