Jet lenders ‘reasonably hopeful’ of successful bids for grounded airline

Lenders to India’s Jet Airways Ltd said on Thursday they are “reasonably hopeful” that the bidding process for the grounded airline will end successfully. Jet Airways, once India’s largest private airline, on Wednesday evening halted all flight operations indefinitely after lenders led by State Bank of India declined to extend more funds to keep it […]

Jet shares sink 34% but lenders hopeful of successful bids for airline

Jet Airways shares sank 34 percent on Thursday in a sign investors were sceptical about a revival, even as lenders to the carrier said they are “reasonably hopeful” the bidding process for the grounded Indian airline will end successfully. Jet Airways, once India’s largest private airline, on Wednesday evening halted all flight operations indefinitely after […]