Thursday, June 13, 2019

Death Rattle?

Will jet airways fly again? That's the question everyone has been asking ever since it shut operations in mid-April. The only meaningful assets that it has, airport slots (about 766), will go permanently to rivals by July-end if it is unable to find a buyer and fly again by then. And the only two entities interested in buying it - Etihad and Hinduja Group - are reported to have made it clear that they don't want to take majority stake in the airline. That leaves bankers, who are owed Rs 8,500 crore out of Jet's total liabilities of over Rs 17,000 crore, with no options.
Read  Manu Kaushik's note in full >>

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