{"id":260633,"date":"2019-02-22T06:00:41","date_gmt":"2019-02-22T06:00:41","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=260633"},"modified":"2019-02-22T06:00:41","modified_gmt":"2019-02-22T06:00:41","slug":"jet-airways-rescue-failure-could-lead-to-a-kingfisher-like-situation-for-banks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-rescue-failure-could-lead-to-a-kingfisher-like-situation-for-banks\/","title":{"rendered":"Jet Airways rescue failure could lead to a Kingfisher-like situation for banks"},"content":{"rendered":"<p>For Jet Airways India Ltd., it\u2019s always only about one rupee.<\/p>\n<p>As I wrote last month, the troubled full-service carrier needed to garner an additional 1 rupee (1.4 cents) per available seat kilometer to make up for its cost disadvantage against no-frills rivals. Cutthroat price competition denied it that opportunity, and now banks are picking up a majority stake \u2013 at a price of 1 rupee for 114 million shares.<\/p>\n<p>The gamble, which seeks to avoid putting India\u2019s oldest private airline into court-administered bankruptcy, will be put to a shareholder vote on Feb. 21.<\/p>\n<p>Beyond that, the details of the rescue plan are fuzzy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For Jet Airways India Ltd., it\u2019s always only about one rupee. As I wrote last month, the troubled full-service carrier needed to garner an additional 1 rupee (1.4 cents) per available seat kilometer to make up for its cost disadvantage against no-frills rivals. Cutthroat price competition denied it that opportunity, and now banks are picking up a majority stake \u2013 at a price of 1 rupee for 114 million shares. The gamble, which seeks to avoid putting India\u2019s oldest private airline into court-administered bankruptcy, will be put to a shareholder vote on Feb. 21. Beyond that, the details of the [&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":[196,130,138],"tags":[],"class_list":["post-260633","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/260633","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=260633"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/260633\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=260633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=260633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=260633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}