Jet Airways revival hopes all but over with claims totalling ₹24,887 crore
MUMBAI: Hopes sank for a late-stage rescue of Jet Airways (India) Ltd on Thursday, with the grounded airline’s bankruptcy professional revealing creditor claims totalling ₹24,887 crore, a burden few buyers will be willing to shoulder.
Financial creditors who have the first right to proceeds from a bankruptcy resolution have claimed ₹10,231 crore, while 2,400 operational creditors have claimed ₹12,372 crore.
The resolution professional (RP) of Jet Airways said that out of the ₹24,887 crore claims, it has admitted claims of ₹8,462.79 crore, all of them from financial creditors. Claims of about ₹15,044 crore are under verification, while claims of ₹1,380.82 crore were rejected.
