News / Jet Airways math finds airline may not fly beyond April

The Economics Times : Apr 04, 2019, 09:52 AM
Jet AirwaysNSE -3.65 % won’t be able to operate beyond April if it doesn’t get the entire promised debt funding of Rs 1,500 crore from its lenders in a week, its top management has estimated internally, said a person aware of the development. The airline’s management also met lenders seeking clarity on the future of a revival plan drawn up by the banks after the Supreme Court quashed the RBI circular on debt rules.