Potential owners of Jet Airways are looking at a 90% plus stake, offer remnants to lenders

MUMBAI: The proposed resolution plan for Jet Airways would give the new owners more than 90% stake in the grounded airline with the rest going to its lenders, the resolution professional appointed by the bankruptcy court told ET.

Neither public shareholders nor Jet’s employees, except those retained by the new owners, stand to gain anything out of the deal, experts said.