NEW DELHI: Jet Airways on Thursday reported a loss of Rs 587.8 crore in the quarter ended December 31, 2018, versus a profit of Rs 165.2 crore in same period last year. The struggling-to-survive airline’s board also cleared “bank-led provisional resolution plan” (BLPRP) which will see SBI-led lender banks becoming its largest stakeholder after debt restructuring. The airline’s scrip closed almost 1% up at Rs 225.80 on BSE Thursday.
