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Aviation

Why banks were reluctant to give emergency funds to Jet Airways and what happens next, explained

Updated : April 18, 2019 02:34 PM IST

Jet Airways, saddled with roughly Rs 8,400 crore of bank debt, on Wednesday suspended all operations, domestic and international, temporarily.
The domestic carrier has been teetering for weeks after failing to receive a stop-gap loan of about Rs 1,500 crore from its lenders, as part of a rescue deal agreed in late March.

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