WebFeb 15, 2024 · Beleaguered Indian carrier Jet Airways is seeking an $840 million bailout from shareholders and a state-backed fund, Business Television India said, after earlier approving a deal with its lenders to help plug a billion-dollar funding hole. Jet will receive 15 billion rupees ($210 million) from the National Investment and Infrastructure Fund in … WebJun 29, 2024 · Jet Airways 2.0 will be very different from the original airline as it will have to address the challenges of a vastly changed Indian aviation market, due to the covid-19 pandemic, it added.
Key Jet Airways lender SBI says bankruptcy
Web2 days ago · Indian Oil Corporation is planning to set up a joint venture with US-based clean energy technology company LanzaJet Inc and multiple domestic airlines for production of … WebJul 1, 2024 · Banking Jet Airways lenders face 95% haircut, but get 9.5% stake Of the Rs 7,807 crore claims, the lenders will get just around Rs 385 crore while the operational creditors will get nothing. Apart from paying the creditors, the new promoters will pump in Rs 975 crore in the company. ETBFSI July 01, 2024, 12:05 IST geforce now wait time reddit
IOC Plans JV with Airlines, US Co for India’s 1st Green Jet Fuel Plant
WebJun 18, 2024 · In late March, Jet's lenders, led by the State Bank of India, took over the airline in a deal that saw founder Naresh Goyal step down. As part of that plan, Goyal was to reduce his shareholding to ... WebJun 26, 2024 · Banks would also get a 9.5% stake in the airline, while the consortium would hold 89.79%. Employees would get to own 0.5% of the airline’s equity capital, while public shareholding would be at... WebJan 8, 2024 · Jet Airways, which is struggling with debts to the tune of over Rs 8,000 crore, will meet a group of lenders including State Bank of India (SBI) at around 2 pm on … geforce now vs xbox cloud gaming