Jet Airways' overseas lenders push airline to fasten repayment of loans, says report
Updated : September 21, 2018 09:37 AM IST
Along with Mashreq Bank, the bank which arranged the loan, the Dubai branch of ICICI Bank Ltd and the Hong Kong branch of Punjab National Bank Ltd were also among the lenders to the airline.
The details they sought were the reasons behind the airline posting losses for two straight quarters, a 71 percent decline in market capitalization since January, delay in payments of salaries to senior employees and pilots, among other reasons, the report said.
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