Jet Airways financial woes: Good outcome from creditors-company negotiations better than insolvency, says govt official
The cash-strapped airline, which has been operating for over 25 years, is looking to restructure its debt, estimated to be more than Rs 8,000 crore, as well as raise fresh funds.
Jet Airways are likely to acquire a substantial stake in the carrier till a new promoter is roped in, Photo: Reuters