Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
Aviation

The Picasso connection to the Jet Airways crisis

Updated : April 16, 2019 12:17 PM IST

With the banks failing to agree on a Rs 1,500-crore cash infusion into Jet Airways, the airline is staring at an imminent shutdown.
The immediate challenge for Jet Airways is to generate cash and this is done mainly via “forward bookings”.
If policymakers don’t intervene and let the market decide, it is likely that the airline will shut down and the loss of 16,000+ jobs will be remembered for years to come.
The Picasso connection to the Jet Airways crisis
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