Govt should not rescue cash-strapped Jet Airways, it's not in State's interest to run airlines
5 years, 8 months ago

Govt should not rescue cash-strapped Jet Airways, it's not in State's interest to run airlines

Firstpost  

The operational creditors of Jet Airways, everyone from its service providers to its workers, can still take the airline to the bankruptcy court. India’s oldest private airline, Jet Airways, has been grounded, after having been in operation for close to 26 years. The potential investors will need time to go over the books of Jet Airways and time is something that the grounded airline does not really have. The entire Jet Airways story again brings out the point that India’s rich and upper middle class wants socialism as soon as things start to hurt them.

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History of this topic

Jet Airways relaunch hits turbulence: CEO confirms salary cut, leave without pay
2 years, 1 month ago

Jet Airways relaunch hits turbulence: CEO confirms salary cut, leave without pay

Hindustan Times  

Once a celebrated airline, Indian carrier Jet Airways has hit another roadblock ahead of its relaunch, leaving many of its employees with reduced salaries and on leave without pay. ‘Team working to revive’ Clearing the air about numbers and figures circulating on the internet, Kapoor said that only a small portion of the total employees – less than 10 per …

Jet Airways 2.0: From launch date to benefits for flyers, CEO Sanjiv Kapoor reveals key details
2 years, 9 months ago

Jet Airways 2.0: From launch date to benefits for flyers, CEO Sanjiv Kapoor reveals key details

India Today  

Jet Airways is gearing up to take to Indian skies by October 2022, airline Chief Executive Officer Sanjiv Kapoor said. FACILITIES FOR FLYERS Newly appointed CEO Sanjiv Kapoor said that Jet Airways will offer two-class facilities for flyers as part of the airline's plan to return with a hybrid of no-frills and premium services. Kapoor said Jet Airways has 200 …

Explained | What are the challenges Jet Airways faces before it can take off again?
3 years, 6 months ago

Explained | What are the challenges Jet Airways faces before it can take off again?

The Hindu  

The story so far: Two years after Jet Airways — at the time India’s second-largest full-service airline — halted operations in 2019 as it ran out of cash, the carrier has a real chance at getting airborne again. When Jet Airways halted operations in 2019, the government distributed its airport slots among various other Indian carriers. At the time, the …

Air India to charge commercial fares for stranded Indians
4 years, 8 months ago

Air India to charge commercial fares for stranded Indians

The Hindu  

Indian citizens, returning from the Gulf and Southeast Asian countries in the first batch of evacuation flights beginning May 7, will be charged commercial fares of upto ₹100,000 per ticket. As it is Air India is surviving on a government subsidy of ₹500 crore to ₹600 crore per month and most private airlines are hand-to-mouth and are loss making.” He …

Air India privatisation: Over 11,000 staff of national carrier to get one-year job guarantee; govt says employees' interest to be protected
5 years, 1 month ago

Air India privatisation: Over 11,000 staff of national carrier to get one-year job guarantee; govt says employees' interest to be protected

Firstpost  

Minister of Civil Aviation Hardeep Singh Puri also said that the government would secure a fair deal for all of Air India employees. Air India said that it would give one-year job protection to its employees amid efforts are underway to privatise the loss-making national carrier, said a media report. Taking steps to protect interests of employees: Air India CMD …

Jet failure a 'wake up call'; part of blame on policymakers too: Ajay Singh
5 years, 7 months ago

Jet failure a 'wake up call'; part of blame on policymakers too: Ajay Singh

India TV News  

The failure of Jet Airways should be a "wake up call" for the aviation industry and at least part of the blame should be at the doorstep of the policymakers as the cost structure is high, SpiceJet chief Ajay Singh has said. Noting that the grounding of Jet Airways was "very sad", Singh said that internal factors and high costs …

Jet Airways failure a 'wake up call' for aviation industry; part of blame at doorstep of policymakers: SpiceJet chief Ajay Singh
5 years, 7 months ago

Jet Airways failure a 'wake up call' for aviation industry; part of blame at doorstep of policymakers: SpiceJet chief Ajay Singh

Firstpost  

Low-cost carrier SpiceJet is expanding its operations and is set to take on lease 30 planes that were flown by Jet Airways Seoul: The failure of Jet Airways should be a “wake up call” for the aviation industry and at least part of the blame should be at the doorstep of the policymakers as the cost structure is high, SpiceJet …

First time in over 5 years, India's domestic air traffic growth falls in April on Jet Airways shutdown: IATA
5 years, 7 months ago

First time in over 5 years, India's domestic air traffic growth falls in April on Jet Airways shutdown: IATA

Firstpost  

New Delhi: India’s domestic air traffic registered first negative growth rate in more than five years in April, mainly due to the demise of Jet Airways, global airlines’ grouping IATA said on Wednesday. The International Air Transport Association, a grouping of around 290 airlines, said following a sustained period of strong double-digit RPK growth, the India domestic market recorded its …

Savings dried up, no jobs: Jet Airways employees narrate stories of hardship
5 years, 7 months ago

Savings dried up, no jobs: Jet Airways employees narrate stories of hardship

India Today  

While there are many lucky ones who have been able to find jobs in the rival airlines post the Jet Airways fiasco, there are still a lot many who are struggling to get a job. He also asked if it was "so hard for the government to say a few words" for the Jet Airways employees. The Jet Airways employees …

Jet Airways employees’ bailout offer: No harm in trying because buyer apathy in any case stares at banks
5 years, 8 months ago

Jet Airways employees’ bailout offer: No harm in trying because buyer apathy in any case stares at banks

Firstpost  

Unfortunately for Jet Airways employees, there is nothing to leverage with the grounded airline’s net worth in the negative. A group of Jet Airways employees, who had earlier offered to take over the distressed airline, met SBI Caps officials on Thursday to discuss the proposal. SBI Caps told the Jet Airways employees that their proposal would be considered only after …

Jet Airways approaches airlines, e-commerce firms seeking jobs for the staff as uncertainty over its fate continues
5 years, 8 months ago

Jet Airways approaches airlines, e-commerce firms seeking jobs for the staff as uncertainty over its fate continues

Firstpost  

The Jet Airways management is reportedly creating a database of the employee profiles and sharing them with prospective companies, said the report quoting several persons in the know of the matter. After more airlines including Vistara and SpiceJet came forward to hire employees of the temporarily grounded Jet Airways, the embattled airline has reportedly approached various firms including its peers …

Crisis in Jet explodes myths over aviation
5 years, 8 months ago

Crisis in Jet explodes myths over aviation

Deccan Chronicle  

The simplistic inference to be drawn from the financial decay of Jet Airways is that a private sector airline can run into debt due to mismanagement in the same way that Air India/Indian Airlines can in the public sector. And when faced with the failures of private airlines like Kingfisher and Jet Airways, analysts should not fall back on the …

Jet Airways CEO tells staff no word from promoters, banks on salaries
5 years, 8 months ago

Jet Airways CEO tells staff no word from promoters, banks on salaries

Live Mint  

In a clear indication of lack of support from the lenders on further funding, Jet Airways chief executive Vinay Dube has said it is painful that there is no commitment on the part of the all stakeholders on paying salaries to the employees which are due in a few days. The airline suspended operations after the SBI-led consortium of lenders …

Jet Airways will do everything to revive airline: CEO
5 years, 8 months ago

Jet Airways will do everything to revive airline: CEO

India Today  

India's Jet Airways is constantly engaging with the government and lenders for a resolution of the current debt crisis and will not leave any stone unturned to revive the airline, its chief executive officer Vinay Dube told television channel ET Now in an interview. "But I would like to think that a flying Jet Airways makes definite sense for them …

Jet Airways crisis: Banks unions want lenders to offer special loans to airline's over 22,000 employees
5 years, 8 months ago

Jet Airways crisis: Banks unions want lenders to offer special loans to airline's over 22,000 employees

Firstpost  

Last week bank unions had written to Prime Minister Narendra Modi demanding the government take over the carrier to secure the jobs of its employees Mumbai: With an uncertain future staring at over 22,000 employees of the grounded Jet Airways, bank unions Monday suggested offering special loans to them to tide of their financial crisis arising from non-payment of salaries. …

SpiceJet, Air India step in to clean up after Jet Airways
5 years, 8 months ago

SpiceJet, Air India step in to clean up after Jet Airways

Live Mint  

New Delhi/Mumbai: Budget airline SpiceJet Ltd and national carrier Air India Ltd have stepped in to stabilize India's aviation industry and ease the pain from wage losses caused by Jet Airways Ltd’s descent into insolvency and operational shutdown. Air India has, on its part, volunteered to temporarily use some of Jet Airways’ grounded planes on key international routes. Air India …

Jet Airways’ grounding leaves tourism players a worried lot
5 years, 8 months ago

Jet Airways’ grounding leaves tourism players a worried lot

Live Mint  

Mumbai: The grounding of Jet Airways has left the tourism industry a worried lot as it has led to an average 25% spike in airfares across the sectors leading to massive hotel cancellations, says industry experts. "The impact of grounding of Jet Airways is not only restricted to the airlines sector as tourism has taken a severe beating due to …

Bank unions write to PM Modi, want govt to take over Jet Airways
5 years, 8 months ago

Bank unions write to PM Modi, want govt to take over Jet Airways

India TV News  

Bank unions Friday urged Prime Minister Narendra Modi to take over grounded Jet Airways to secure the future of the 22,000-odd employees of the carrier. In a letter to Modi, the All-India Bank Employees Association also said government must ensure that banks are not forced to lend to the crippled airline. "Everyone is looking at the banks to bail out …

Jet Airways issues gag order over 20,000 employees, cautions talking to media will affect bidding process
5 years, 8 months ago

Jet Airways issues gag order over 20,000 employees, cautions talking to media will affect bidding process

Firstpost  

The grounding of India’s oldest private airline company sent shock waves among its 20,000-odd employees, of whom Jet Airways owes over three months salaries to 15 percent of the staff. The management of Jet Airways has reportedly asked thousands of its disgruntled employees to not speak to any outsider including their media about their problems as it may affect the …

SpiceJet comes to unpaid Jet staffs' rescue, hires over 500 employees
5 years, 8 months ago

SpiceJet comes to unpaid Jet staffs' rescue, hires over 500 employees

India Today  

Budget carrier SpiceJet Friday said it has already absorbed over 500 employees, including 100 pilots, of the grounded carrier Jet Airways and it is open to induct more as it adds more aircraft and routes in the times ahead. The Gurugram-based no-frills airline has already announced induction of 27 more planes -- 22 Boeing 737s and five turboprop Bombardier Q400s …

Government to allocate 440 vacant Jet Airways slots to other airlines
5 years, 8 months ago

Government to allocate 440 vacant Jet Airways slots to other airlines

Live Mint  

With Jet Airways suspending operations, as many as 440 slots are vacant at Delhi and Mumbai airports which will be allocated to other airlines in a transparent manner, a senior official said Thursday. Civil Aviation Secretary Pradeep Singh Kharola also said Jet Airways is expected to provide information next week to the ministry about tickets booked by passengers and how …

Is Jet Airways Shutdown Really Temporary? Why Getting It Back in the Skies is Easier Said Than Done
5 years, 8 months ago

Is Jet Airways Shutdown Really Temporary? Why Getting It Back in the Skies is Easier Said Than Done

News 18  

New Delhi: Jet Airways has been grounded for now, even as its lenders and the management remain hopeful of a buyer coming forward to resuscitate the moribund airline. Any potential investor would perhaps also want to compare the costs and advantages/disadvantages of starting an airline from scratch versus getting Jet back to the skies. Not only will any potential investor …

Jet Airways crisis set to reset India’s aviation industry
5 years, 8 months ago

Jet Airways crisis set to reset India’s aviation industry

Live Mint  

Mumbai: Jet Airways Ltd’s decision to halt operations from Wednesday evening for want of funds is set to rattle the world’s fastest-growing aviation market with its adverse impact on other businesses in the value chain as well as thousands of jobs. “The loss of job of every employee on the rolls of Jet Airways also costs five others indirectly involved …

Jet Airways CEO says all jobs can't be secured during sale process; has 'no answer' for fate of over 20,000 employees
5 years, 8 months ago

Jet Airways CEO says all jobs can't be secured during sale process; has 'no answer' for fate of over 20,000 employees

Firstpost  

Mumbai: Hinting at job losses going forward, grounded carrier Jet Airways chief executive Vinay Dube on Wednesday said the airline does not have an “answer” at present on the fate of its 20,000-odd employees during the stake sale process. The SBI-led consortium of lenders has offered prospective bidders ownership of the airline anywhere between 31.2 percent and 75 for which …

Jet Airways flight takes off one last time. Heartbroken flyers share best memories
5 years, 8 months ago

Jet Airways flight takes off one last time. Heartbroken flyers share best memories

India Today  

We are all aware of the financial problems that Jet Airways was going through. The tweet that is captioned, "With deep sadness and a heavy heart we would like to share that, effective immediately, we will be suspending all our domestic and international flight operations," has evoked all kinds of emotions among the frequent fliers of the airline. More: https://t.co/SaQ2iwIBRJ …

Can't sleep at night: Despair over jobs as Jet Airways grounded | See photos
5 years, 8 months ago

Can't sleep at night: Despair over jobs as Jet Airways grounded | See photos

India Today  

Bhoja Poojari has handled baggage for India's Jet Airways Ltd since it began flying nearly 26 years ago. Jet Airways CEO Vinay Dube told employees on Wednesday that the sale would take time and could throw up more challenges, but he was confident the airline would fly again. "Management never gives us a clear picture," airline union leader Chaitanya Mainkar …

Jet Airways crisis: All domestic, international flights cancelled with immediate effect
5 years, 8 months ago

Jet Airways crisis: All domestic, international flights cancelled with immediate effect

India TV News  

All Jet Airways flight, domestic and international, cancelled with immediate effect. With the lenders rejecting a lifeline of Rs 400 crore on Wednesday, Jet Airways was left with no other option but to ground operations at least temporarily. The official announcement of grounding of operations made on Wednesday evening after the Jet Airways board had Tuesday authorised chief executive Vinay …

Jet Airways to ground all operations temporarily from tonight as lenders refuse to extend required financial support
5 years, 8 months ago

Jet Airways to ground all operations temporarily from tonight as lenders refuse to extend required financial support

Firstpost  

Jet Airways will be the seventh airline to go down since May 2014 and the 13th one after East West was shuttered Mumbai: With the lenders rejecting a lifeline of Rs 400 crore Wednesday Jet Airways, which has been on a wing and prayer since January, informed exchanges that it is forced to cancel all operations temporarily. An official announcement …

Indian airline Jet Airways collapses as banks pull the plug
5 years, 8 months ago

Indian airline Jet Airways collapses as banks pull the plug

CNN  

New Delhi CNN Business — Jet Airways has finally been grounded. “This has been a very difficult decision but without interim funding, the airline is simply unable to conduct flight operations,” Jet Airways said in statement. Jet Airways said it was informed late Tuesday by a consortium of lenders,led by the government-run State Bank of India, that they would not …

Airfares shoot up due to Jet Airways crisis
5 years, 8 months ago

Airfares shoot up due to Jet Airways crisis

The Hindu  

With Jet Airways suspending international operations till April 22 and drastically curtailing domestic flights, airfares have shot up 28% overall when compared to this time last year as passengers are left to making last-minute changes. Besides, there are 10 international routes where Jet Airways had monopoly by being the only Indian carrier to operate these sectors. “With Jet now cancelling …

Jet Airways lenders refuse more funding as airline risks shutdown
5 years, 8 months ago

Jet Airways lenders refuse more funding as airline risks shutdown

Live Mint  

Mumbai: Lenders to Jet Airways Ltd have refused funding to the cash-strapped carrier, according to people familiar with the situation, forcing the nation’s oldest surviving private airline to consider a temporary shutdown. Jet Airways, which broke into the monopoly of state-run Air India Ltd in the early 1990s, went in a tailspin after a slew of budget airlines started offering …

Jet Airways may ground all flights, govt moves to check fares
5 years, 8 months ago

Jet Airways may ground all flights, govt moves to check fares

Hindustan Times  

Delhi The future of cash-strapped Jet Airways Ltd hung in balance on Tuesday, with the management saying late in the evening that it was awaiting “emergency liquidity support” of ₹400 crore from a consortium of banks led by the State Bank of India, failing which it would have to temporarily suspend its already thinned operations. On Tuesday, civil aviation minister …

Jet Airways crisis: Mumbai-Delhi oneway airfare touches Rs 32,000 per ticket
5 years, 9 months ago

Jet Airways crisis: Mumbai-Delhi oneway airfare touches Rs 32,000 per ticket

India TV News  

Amid an unprecedented crisis in Jet Airways, airfares in India are continuously skyrocketing ever since the cash-strapped airline suspended its domestic and international flights. There was chaos at the Mumbai airport due to the suspension of Jet Airways flights," he said. Jet Airways is operating just 6-7 planes, with almost its entire fleet being grounded due to non-payment of rentals …

Jet Airways crisis: Pilots body appeals SBI to release Rs 1,500 crore, asks Narendra Modi to save 20,000 jobs
5 years, 9 months ago

Jet Airways crisis: Pilots body appeals SBI to release Rs 1,500 crore, asks Narendra Modi to save 20,000 jobs

Firstpost  

Jet Airways 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 Mumbai: 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 …

Jet Airways crisis deepens as 1,100 pilots vow to not fly, govt calls urgent meeting
5 years, 9 months ago

Jet Airways crisis deepens as 1,100 pilots vow to not fly, govt calls urgent meeting

India Today  

Around 1,100 pilots belonging to the National Aviator's Guild of India have threatened to stop flying for cash-strapped airline Jet Airways starting Monday, April 15. There is widespread worry over the financial situation of the airline, as several employees including some pilots protested against the airlines on April 13 over non-payment of salary. Lead lender SBI has been looking for …

Jet Airways union seeks FIR against Naresh Goyal, CEO, SBI chief over salaries
5 years, 9 months ago

Jet Airways union seeks FIR against Naresh Goyal, CEO, SBI chief over salaries

Live Mint  

Mumbai: The employees union of Jet Airways Ltd, which is facing its worst crisis, has sought to register first investigation reports against the airline's founder Naresh Goyal, chief executive officer Vinay Dube and SBI chairman Rajnish Kumar for non-payment of March salaries, even as passengers continued to bear the brunt of last-minute cancellations and missing refunds. Over 200 Jet Airways …

Jet Airways extends suspension of international operations till Monday as airline faces worst existential crisis since launch
5 years, 9 months ago

Jet Airways extends suspension of international operations till Monday as airline faces worst existential crisis since launch

Firstpost  

Jet Airways was the largest domestic carrier operating in the international sector with a hub in Amsterdam, where a cargo agent had taken possession of an aircraft this on Tuesday demanding bill payment. Mumbai: Jet Airways, facing its worst existential crisis in its over 25-year-old history, on Friday extended suspension of its international operations till next Monday due to severe …

Jet Airways, once India’s biggest airline, fights to keep flying
5 years, 9 months ago

Jet Airways, once India’s biggest airline, fights to keep flying

Live Mint  

Jet Airways India Ltd.’s fleet has shrunk by almost 90 percent as the cash-strapped airline struggles to find funds to operate, forcing the nation’s oldest surviving private airline to drastically curtail its scheduled flights amid a hunt for a new investor. The carrier, once India’s biggest by market capitalization, was forced to ground 10 more jets after it failed to …

Crisis deepens for Jet Airways as pilots plan to protest in uniform
5 years, 9 months ago

Crisis deepens for Jet Airways as pilots plan to protest in uniform

India Today  

Jet Airways domestic pilots' body, the National Aviators Guild, has decided to increase the pressure on its management over unpaid salaries by reiterating its decision to go on strike on April 15, and protest in full uniform. According to an internal communication, in a late-night development, the NAG committee decided that the pilots will march to the Jet Airways headquarters …

Jet Airways creditors wait for takeover bids as deadline looms
5 years, 9 months ago

Jet Airways creditors wait for takeover bids as deadline looms

Live Mint  

Mumbai: The fate of debt-laden Jet Airways India Ltd., the country’s oldest surviving private airline, could be determined as soon as a creditor-imposed deadline for takeover bids runs out on Wednesday. Creditors led by State Bank of India had not received any bids for as much as 75% of Jet Airways as of Tuesday, though that doesn’t mean that offers …

Downfall of Jet Airways: How India's premium airline crumbled, challenges ahead
5 years, 9 months ago

Downfall of Jet Airways: How India's premium airline crumbled, challenges ahead

India Today  

In early January, Jet Airways and its main lender, State Bank of India, met with aircraft lessors to assure them there was a plan to rescue the debt-laden carrier so it could pay them, sources familiar with the matter said. "Despite Naresh Goyal's departure from Jet, lessors don't seem to think the carrier can be rescued, judging by the urgency …

Jet Airways grounds more planes after failing to pay lessors; seeks access to bailout funds promised by banks
5 years, 9 months ago

Jet Airways grounds more planes after failing to pay lessors; seeks access to bailout funds promised by banks

Firstpost  

With a smaller operating fleet, Jet Airways has given pilots and cabin crew the option of flexible working days and taking extended leave with or without pay. New Delhi: India’s Jet Airways said it has grounded more planes after failing to pay lessors, as the debt-laden carrier — which also owes salaries to pilots and crew — works to secure …

Vijay Mallya seeks to use Jet Airways crisis as safety valve, urges banks to take his money to save beleaguered airline
5 years, 9 months ago

Vijay Mallya seeks to use Jet Airways crisis as safety valve, urges banks to take his money to save beleaguered airline

Firstpost  

Vijay Mallya questioned why public sector banks pitched in to save Jet Airways but let his company, Kingfisher Airlines, fail ruthlessly After news was out about public sector banks bailout plan to rescue cash-ridden Jet Airlines on Monday, businessman Vijay Mallya urged Indian banks to take his money and save cash-strapped Jet Airways. In a series of tweets, he asked …

Jet Airways on verge of collapse, help us get pending salaries: Pilots write to PM Narendra Modi
5 years, 9 months ago

Jet Airways on verge of collapse, help us get pending salaries: Pilots write to PM Narendra Modi

India Today  

The pilots of financially-strapped Jet Airways have urged Prime Minister Narendra Modi and Civil Aviation Minister Suresh Prabhu to intervene and instruct the management to release their pending salaries. It will change the dynamics of aviation as fares will increase due to a reduction in capacity, and travelling public will face major inconvenience," said the National Aviators Guild, the registered …

Jet Airways faces worst financial hurdle in 25 years: Can it weather the storm? | Analysis
5 years, 9 months ago

Jet Airways faces worst financial hurdle in 25 years: Can it weather the storm? | Analysis

India Today  

India's second-largest airline Jet Airways has found itself in the face of an existential crisis, riddled by mounting financial losses, crestfallen staff and a pool of unpaid debt. Jet Airways' fortunes dipped further on Tuesday as shares plunged almost 5 per cent over reports that Etihad--24 per cent stakeholder in Jet Airways--formally refused to invest any further in the airline. …

Jet Airways crisis worsens as govt steps in, pilots threaten strike
5 years, 9 months ago

Jet Airways crisis worsens as govt steps in, pilots threaten strike

Live Mint  

New Delhi: A crisis at Jet Airways Ltd deepened on Tuesday as an increasingly worried government called for an emergency meeting, angry passengers demanded refunds and pilots threatened to go on strike over unpaid salaries. Several angry passengers were seen demanding pending refunds for cancelled flights at Jet Airways' offices in Mumbai earlier on Tuesday, a source told Reuters. The …

Naresh Goyal's personal ambition holds Jet Airways back from resurrection; is slow death awaiting India's once favoured airline?
5 years, 9 months ago

Naresh Goyal's personal ambition holds Jet Airways back from resurrection; is slow death awaiting India's once favoured airline?

Firstpost  

For Jet Airways, in their Silver Jubilee year, the airline is battling with what is their biggest existential crisis at the moment. That left customers scrambling, and even the staunchest of Jet Airways customers are now wondering if the airline will be around by the time it is their turn to fly the airline next. Qatar Airways, which has been …

Jet Airways scrip falls as more planes grounded
5 years, 10 months ago

Jet Airways scrip falls as more planes grounded

The Quint  

Mumbai, Feb 28 Jet Airways on Thursday said that it has grounded more aircraft, taking the total to 19, over its non-repayment of dues to lessors. "Further to our letter dated 27 February, 2019, we now write to inform you that an additional six aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease …

Opinion | The rescue plan for Jet Airways is touch-and-go
5 years, 10 months ago

Opinion | The rescue plan for Jet Airways is touch-and-go

Live Mint  

For Jet Airways Ltd, it’s always only about one rupee. On the other hand, chief financial officer Amit Agarwal said on a conference call that the deal with banks would cut the debt burden by “1 rupee.” How will new funds enter the business? To this ₹4,000 crore equity infusion, add the ₹1,700 crore aircraft debt, which can be repaid …

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