Jet Airways’s new owner puts the onus for airline’s revival on banks

Slapped with additional liabilities, the Jalan-Kalrock consortium suggests lenders take a further cut in their share of the agreed payment. But with the banks playing hardball, is there hope for the airline’s revival?

11 November, 202213 min
0
Jet Airways’s new owner puts the onus for airline’s revival on banks

You may also like

Business
Story image

IndiGo has a forex headache

India’s largest airline surprisingly doesn’t seem to have a hedging strategy that is good enough to guard against a weakening rupee. This could potentially clip its wings.

Business
Story image

How SpiceJet and India’s legal system nearly killed the aircraft leasing business

Interminable delays and multiple out-of-court settlements later, the world’s leading lessors have tweaked their India playbook—stiffer terms, higher rentals. The fallout has hit aviation startups hard.

Business
Story image

Akasa Air finally gets some wind in its tail

The Vinay Dube-led airline is now the third-largest in terms of revenue and on course to hit a major milestone, although some concerns remain.