No early breather for Jet Airways, ET NOW learns that lenders to the carriers are unlikely to extend any fresh line of credit, until the forensic audit, ordered by the SBI, gives the green light. Tune in!.
No early breather for Jet Airways, ET NOW learns that lenders to the carriers are unlikely to extend any fresh line of credit, until the forensic audit, ordered by the SBI, gives the green light. Tune in!
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Watch Jet Airways Flight Hits Another Jet Airways Flight In Delhi | Major Disaster averted | iNews With HD Quality
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Jet Airways Sold For One Rupee | Indian Airline Jet Airways Sold 50 % Of It's Stake For One Rupee Top Telugu TV
Debt-ravaged Jet Airways India, the country's biggest so-called full-service airline, is selling a majority stake for 1 rupee - a little more than 1 US cent. It's part of a bailout plan by its state-owned lenders that will give the airline time to arrange fresh equity. The complicated arrangement is on track to be voted through on February 21, in what would represent the rescue of one of the country's most visible companies at a sensitive time, with India's general election just weeks away.
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Here are the top stocks that are likely to be in focus in today's trading.
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Watch Stocks in news- Zee Ent, Tech Mah, Spice Jet, Jet Airways and HCL Tech With HD Quality
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India's oldest private carrier suspended all operations temporarily on Wednesday, with no money to fly and banks refusing to lend any more. It has left more than 15,000 employees in the lurch. What will be the future of Jet Airways? Anirban Chowdhury has more.
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Watch The Jet saga: Possible outcomes | Jet Airways Crisis | Economic Times With HD Quality
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No last word from lenders on interim funding yet. But, we believe in Jet and will leave no stone unturned to resurrect Jet. We are in constant touch with lenders: Jet Airways CEO Vinay Dube
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Watch Jet Airways CEO Vinay Dube breaks his silence on Jet crisis With HD Quality
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Jet Airways and its biggest lender SBI have finally inked a MoU, pursuant to which the airline has formally applied to the Ministry of Civil Aviation for exemption from the takeover code and open offer, ET Now's Nayantar Rai learns from her sources. Sources add the market regulator SEBI can approve this exemption if requested by the Ministry of Civil Aviation.
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SBI Chairman is likely to discuss lenders strategy for Jet Airways with Arun Jaitley, ET Now's Nayantara Rai learns from her sources. Listen in!
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Watch SBI is likely to discuss lenders strategy for Jet Airways with Arun Jaitley With HD Quality
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The effort of the lenders is to preserve the economic value of the enterprise in question, clarifies Rajnish Kumar, Chairman, SBI, the lead lender. During an interview with ET Now, he said If the new investor does not want X or Y as a shareholder, that will be its choice.
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Watch Expect to find a buyer for Jet Airways by 31 May- SBI chairman after Goyal's exit With HD Quality
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The Economic Times | A Times Internet Limited product
Jet Airways pilots body, the National Aviator's Guild, Monday appealed the State Bank of India to release Rs 1,500 crore, which was proposed to be infused in the ailing carrier as part of a debt-restructuring plan last month. The airline is operating just 6-7 planes, with almost its entire fleet being grounded due to non-payment of rentals to lessors amid severe paucity of cash.
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Watch Jet Airways Pilots Seek PM Modi's intervention to save there jobs, Ask SBI for Funds With HD Quality
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