{"id":247169,"date":"2019-02-15T06:55:10","date_gmt":"2019-02-15T06:55:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=247169"},"modified":"2019-02-15T06:58:57","modified_gmt":"2019-02-15T06:58:57","slug":"lenders-to-get-jet-airways-majority-stake-after-debt-rejig","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lenders-to-get-jet-airways-majority-stake-after-debt-rejig\/","title":{"rendered":"Lenders to get Jet Airways majority stake after debt rejig"},"content":{"rendered":"<p>Lenders will get a majority stake in Jet Airways as they convert their debt into equity to revive the crisis-hit airline, which has a funding gap of over Rs 8,500 crore.<\/p>\n<p>Banks led by the State Bank of India (SBI) will now occupy the cockpit of the airline as they get a 50 per cent stake in the full-service carrier for an aggregate consideration of Re 1.<\/p>\n<p>Founder Naresh Goyal\u2019s holding will come down to 25 per cent, while the Abu Dhabi-based Etihad will see its stake falling to 12 per cent from the current 24 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lenders will get a majority stake in Jet Airways as they convert their debt into equity to revive the crisis-hit airline, which has a funding gap of over Rs 8,500 crore. Banks led by the State Bank of India (SBI) will now occupy the cockpit of the airline as they get a 50 per cent stake in the full-service carrier for an aggregate consideration of Re 1. Founder Naresh Goyal\u2019s holding will come down to 25 per cent, while the Abu Dhabi-based Etihad will see its stake falling to 12 per cent from the current 24 per cent.<\/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":[216,130,148],"tags":[],"class_list":["post-247169","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-telegraph","category-newspapers","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/247169","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=247169"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/247169\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=247169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=247169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=247169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}