{"id":246924,"date":"2019-02-15T05:41:53","date_gmt":"2019-02-15T05:41:53","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=246924"},"modified":"2019-02-15T05:41:53","modified_gmt":"2019-02-15T05:41:53","slug":"jet-airways-approves-lenders-rescue-deal-to-plug-1-2-billion-funding-gap","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-approves-lenders-rescue-deal-to-plug-1-2-billion-funding-gap\/","title":{"rendered":"Jet Airways approves lenders&#8217; rescue deal to plug $1.2 billion funding gap"},"content":{"rendered":"<p>The board of Jet AirwaysNSE 2.61 % Ltd has approved a plan by its lenders to resolve a near 85 billion rupee ($1.19 billion) funding gap, which will make them the largest shareholders of India&#8217;s biggest full-service carrier, Jet said on Thursday. <\/p>\n<p>Jet, saddled with over $1 billion in debt, had a rough 2018 as competition intensified in the Indian airline market, the rupee depreciated and high oil prices squeezed margins. <\/p>\n<p>The rescue deal by Jet&#8217;s lenders, led by State Bank of IndiaNSE -0.97 % , includes funding through a mix of equity infusion, debt restructuring and sale or leaseback of aircraft. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The board of Jet AirwaysNSE 2.61 % Ltd has approved a plan by its lenders to resolve a near 85 billion rupee ($1.19 billion) funding gap, which will make them the largest shareholders of India&#8217;s biggest full-service carrier, Jet said on Thursday. Jet, saddled with over $1 billion in debt, had a rough 2018 as competition intensified in the Indian airline market, the rupee depreciated and high oil prices squeezed margins. The rescue deal by Jet&#8217;s lenders, led by State Bank of IndiaNSE -0.97 % , includes funding through a mix of equity infusion, debt restructuring and sale or leaseback [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-246924","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/246924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=246924"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/246924\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=246924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=246924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=246924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}