• SENSEX
    NIFTY 50
big story

We will now begin a new journey to build a new India, says Narendra Modi

272/543
L :0
W :353
L :0
W :92
NDA :353
UPA : 92
LOK SABHA ELECTION RESULTS 2019
Total Constituencies
543
Voter Turnout
67.11%
NDA : 353
2014 : 354 Seats
BJP
303
+
SS
18
+
Other
32
UPA : 92
2014 : 66 Seats
INC
52
+
DMK
23
+
Other
17
OTH : 97
2014 : 107 Seats
TMC
22
+
YSRCP
22
+
Other
53
Aviation

Jet Airways lenders look for minority stakeholders in a last-ditch attempt to save the carrier, says report

Updated : May 16, 2019 10:02 AM IST

The lenders now believe that with Etihad controlling 24 percent, the ownership of the carrier can be divided among three different entities holding 20 percent stake each.
The carrier needs an investment of close to Rs 6,000 crore even to restart the operations, and with Etihad offering only Rs 1,700 crore, the remaining burden will fall on the prospective investors.
If the lenders fail to find any buyer the only option left will be to take Jet Airways to the National Company Law Tribunal (NCLT) and start insolvency proceedings.
Jet Airways lenders look for minority stakeholders in a last-ditch attempt to save the carrier, says report
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV