Jet Airways seeks shareholder approval for debt to equity swap
Updated : January 28, 2019 07:34 PM IST
Jet Airways, saddled with debts of about $1.14 billion, has been hit by fierce competition, rupee depreciation and high oil prices.
The airline will seek a green light from shareholders to convert part or all of its loans into equity at a special meeting on Feb. 21, subject to regulatory approval.
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