Hope floats: Jet Airways lenders may have agreed to convert Rs 4,000 cr debt
Lenders to financially struggling Jet Airways are understood to have agreed to convert Rs 4,000 crore — nearly half of the airline’s gross debt of Rs 8,411 crore (as on September 30 2018) — to equity at Rs 1,sources close to the development told FE. The lenders will get equity equivalent to this swap in Jet.
