Jet Airways shares tank 34% as it suspends all operations
Updated : April 18, 2019 12:26 PM IST
Jet Airways India slumped 34 percent on Thursday after the debt-ridden airline suspended all operations with immediate effect
The airline, saddled with roughly Rs 8,400 crore of bank debt, 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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