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Jet Airways stares at shutdown, board meets today as lenders refuse funds

Read more about Jet Airways stares at shutdown, board meets today as lenders refuse funds on Business Standard. Lenders fail to infuse emergency fund after a crucial meeting on Monday

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Jet Airways stares at shutdown, board meets today as lenders refuse funds

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  1. Jet Airways stares at shutdown, board meets today as lenders refuse funds Lenders fail to infuse emergency fund after a crucial meeting on Monday Company News: India's first private carrier Jet Airways is going towards an all out establishing and a choice could be taken as right on time as Tuesday after a gathering of its top managerial staff. Left with no money, a seven-plane armada and fuel to run activities just till Tuesday evening, the end is up and coming, said sources near the advancement. "Fly can't be spared now. It's on the ground," another source up to date said. This pursues Monday's no-accord crisis meeting of the loan specialists' consortium, driven by State Bank of India, to settle on mixture of Rs 1,000 crore right away. Before long, the suspension of the global tasks was stretched out till in any event

  2. April 18. As moneylenders neglected to implant the required assets, the Jet administration will advise the board on Tuesday morning about the "basic improvements" before a call is assumed the eventual fate of the carrier, as indicated by Chief Executive Officer (CEO) Vinay Dube.Read More Business Standard

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