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Analysis: Why the “too big to fail” argument for Jet Airways cut no ice with banks

Updated : April 18, 2019 05:49 PM IST

There were many compelling circumstances that could have been used to argue against a closure of Jet Airways’ operations.
The plight of employees, the duress for travellers, an airline that had 119 planes just three months ago were all very pertinent issues that would have come up for discussion among lenders.
Given these circumstances, could the banks have extended Jet Airways a lifeline?
Analysis: Why the “too big to fail” argument for Jet Airways cut no ice with banks
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