{"id":260095,"date":"2019-02-20T06:34:19","date_gmt":"2019-02-20T06:34:19","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=260095"},"modified":"2019-02-20T07:10:35","modified_gmt":"2019-02-20T07:10:35","slug":"why-debt-hit-jet-airways-is-selling-majority-state-for-re-1","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/why-debt-hit-jet-airways-is-selling-majority-state-for-re-1\/","title":{"rendered":"Why debt-hit Jet Airways is selling majority state for Re 1"},"content":{"rendered":"<p>Debt-ravaged Jet Airways India Ltd, the country\u2019s biggest so-called full-service airline, is selling a majority stake for 1 rupee. It\u2019s part of a bailout plan by its state-owned lenders that will give the airline time to arrange fresh equity. The complicated arrangement is on track to be voted through on February 21, in what would represent the rescue of one of the country\u2019s most visible companies at a sensitive time, with India\u2019s general election just weeks away.<\/p>\n<p>What is Jet Airways?<\/p>\n<p>It\u2019s consistently been one of India\u2019s top three airlines in the past decade. Jet Airways was founded by ticketing agent-turned-entrepreneur Naresh Goyal after India ended a state monopoly on aviation in the early 1990s.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Debt-ravaged Jet Airways India Ltd, the country\u2019s biggest so-called full-service airline, is selling a majority stake for 1 rupee. It\u2019s part of a bailout plan by its state-owned lenders that will give the airline time to arrange fresh equity. The complicated arrangement is on track to be voted through on February 21, in what would represent the rescue of one of the country\u2019s most visible companies at a sensitive time, with India\u2019s general election just weeks away. What is Jet Airways? It\u2019s consistently been one of India\u2019s top three airlines in the past decade. Jet Airways was founded by ticketing [&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":[184,141,130],"tags":[],"class_list":["post-260095","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-hindustantimes","category-hindustantimes","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/260095","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=260095"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/260095\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=260095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=260095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=260095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}