Near the end of the road for Jet Airways, says Grant Thornton CEO
Grant Thornton’s CEO, Vishesh C Chandiok, has tweeted that it is probably “near the end of the road” for the debt-strapped Jet Airways.
Jet Airways temporarily shut operations in April 2019 and was dragged to the insolvency court on June 20, 2019, by Jet’s lenders over unpaid dues.
The advisory firm’s Ashish Chhawchharia was appointed as the Resolution Professional (RP) by Jet’s lenders.
On Saturday afternoon, Vishesh C Chandiok, Grant Thornton’s CEO in a tweet apologised to the grounded airline’s employees, “I’m sorry to report but I fear we are very near the end of the road for #JetAirways- the proverbial ‘chicken or egg’ is what killed the airline- my apologies to all the employees in particular that we @GrantThorntonIN couldn’t do better for you.”
