Investors demand write-offs as Jet Airways owes over Rs 11000 crore outstanding debt

MUMBAI: Prospective investors in the temporarily grounded Jet Airways have asked lenders to take a massive haircut or write-off around 80 per cent outstanding debt of the airline which is more than Rs 11,000 crore, document and sources revealed on Monday.

According to industry insiders, nine India based banks and two international lenders are expected to suffer major write-off with one of the interested parties asking for over 80 per cent write-off.