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Aviation

Timeline: Debt-laden Jet Airways edges closer to safety

Updated : February 21, 2019 09:47 AM IST

Jet, which had debt exceeding Rs 8,000 crore ($1.12 billion) as of September-end, has been steadily losing market share to its rival and low-cost carrier IndiGo, which is owned by InterGlobe Aviation Ltd.
The airline has also seen its share price suffer as it navigated through several negotiations with its lenders and shareholders.
Timeline: Debt-laden Jet Airways edges closer to safety
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