Jet Airways is yet to announce the outcome of the extraordinary general meeting (EGM) held on Thursday, but minority shareholders are already raising questions on the company’s proposal to allow lenders to take control of the debt-laden airline.
“Pumping in public money into a debt-laden airline may be risky,” said a minority shareholder, who was present at the EGM. Questions on who will lead the airline also went unaddressed at the meeting.
On Thursday, the debt-laden airline called for an extraordinary general meeting to seek approval to allow lenders to convert debt into equity.
