{"id":247132,"date":"2019-02-15T06:42:39","date_gmt":"2019-02-15T06:42:39","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=247132"},"modified":"2019-02-15T06:49:12","modified_gmt":"2019-02-15T06:49:12","slug":"jet-airways-board-approves-debt-resolution-plan-lenders-to-have-largest-share","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-board-approves-debt-resolution-plan-lenders-to-have-largest-share\/","title":{"rendered":"Jet Airways board approves debt resolution plan; lenders to have largest share"},"content":{"rendered":"<p>Cash-strapped Jet Airways on Thursday said its board has approved bank-led resolution plan (BLRP), entailing conversion of lenders\u2019 debt into equity, making them the largest shareholder in the airline.<\/p>\n<p>The provisional restructuring plan (BLPRP) has been carried out by lenders, led by State Bank of India, under the Reserve Bank of India\u2019s February 12, 2018 circular.<\/p>\n<p>\u201cThe  BLPRP currently estimates a funding gap of Rs 8,500 crore (including proposed repayment of aircraft debt of Rs 1,700 crore) to be met by appropriate mix of equity infusion, debt restructuring, sale\/sale and lease back\/ refinancing of aircraft, among other things,\u201d the airline said in a filing to exchanges.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cash-strapped Jet Airways on Thursday said its board has approved bank-led resolution plan (BLRP), entailing conversion of lenders\u2019 debt into equity, making them the largest shareholder in the airline. The provisional restructuring plan (BLPRP) has been carried out by lenders, led by State Bank of India, under the Reserve Bank of India\u2019s February 12, 2018 circular. \u201cThe BLPRP currently estimates a funding gap of Rs 8,500 crore (including proposed repayment of aircraft debt of Rs 1,700 crore) to be met by appropriate mix of equity infusion, debt restructuring, sale\/sale and lease back\/ refinancing of aircraft, among other things,\u201d the airline [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[212,130,144],"tags":[],"class_list":["post-247132","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-pioneer","category-newspapers","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/247132","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=247132"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/247132\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=247132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=247132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=247132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}