Here’s all you need to know about the private carrier crisis and the rescue package
Debt-ravaged Jet Airways., the country’s biggest full-service airline, is selling a majority stake for Re 1. Its part of a bailout plan by its state-owned lenders that will give the airline time to arrange fresh equity. The complicated arrangement is on track to be voted through on February 21, in what would represent the rescue of one of the country’s most visible companies at a sensitive time, with India’s general election just weeks away.
What is Jet Airways?
