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Jet Airways: temporary rescue that does not give certainty about the future

It necessary to find a potential investor

The rescue of Jet Airways last Monday from the State Bank of India (SBI) could have only a temporary effect, because the future of the airline is closely linked to the individualization of a new investor interested in taking over the majority of shares passed tp former creditors. The transformation of debt into shares and the issuance of a new 218 million dollar loan to allow operations to continue...

M/A - 1220354
Delhi, India, 03/29/2019 13:48
AVIONEWS - World Aeronautical Press Agency

AirlinesJet Airways: 2 days to submit offers for the majority

Does the Delhi government study Plan B?

The future of Jet Airways will be decided by April 10, the deadline set by the State Bank of India (SBI) to present initial offers to take 75% of the airline's shares in poor financial conditions. The... more

AirlinesJet Airways: operating only less than 30 aircraft

The debts with the leasing companies are still not paid

The number of Jet Airways aircraft landed by leasing companies continues to increase and of the 119 fleets in the fleet only 26-28 are usable. 69 were stopped due to delays in payment of installments to... more

AirlinesJet Airways: will be paid only salaries of December

Still cash flow problems for the carrier

Despite the rescue by the State Bank of India (SBI) of Jet Airways will only be able to pay December salaries to pilots and maintenance technicians, while the balance of the most recent ones will be postponed... more

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