{"id":263530,"date":"2019-03-12T05:20:18","date_gmt":"2019-03-12T05:20:18","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=263530"},"modified":"2019-03-12T05:20:18","modified_gmt":"2019-03-12T05:20:18","slug":"indias-jet-airways-denies-report-of-new-293-mn-loan-from-pnb","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-jet-airways-denies-report-of-new-293-mn-loan-from-pnb\/","title":{"rendered":"India&#8217;s Jet Airways denies report of new $293 mn loan from PNB"},"content":{"rendered":"<p>NEW DELHI- India&#8217;s debt-laden Jet AirwaysNSE 1.21 % Ltd denied a media report on Monday that it had secured a 20.50 billion rupee ($293 million) loan from state-owned Punjab National BankNSE 0.29 % (PNB) to help pay overdue plane leasing fees and salaries. <\/p>\n<p>The airline, which has had to ground planes after failing to make payments to leasing companies and is behind on paying pilots&#8217; wages, said in a statement to the stock exchange that it has an existing credit facility of $300 million from PNB and that the bank has not provided any fresh credit. <\/p>\n<p>Indian daily Mint had reported earlier on Monday that Jet had secured foreign currency term loans worth 11 billion rupees and a credit facility of 9.50 billion rupees from PNB for its working capital needs, citing an unnamed source. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI- India&#8217;s debt-laden Jet AirwaysNSE 1.21 % Ltd denied a media report on Monday that it had secured a 20.50 billion rupee ($293 million) loan from state-owned Punjab National BankNSE 0.29 % (PNB) to help pay overdue plane leasing fees and salaries. The airline, which has had to ground planes after failing to make payments to leasing companies and is behind on paying pilots&#8217; wages, said in a statement to the stock exchange that it has an existing credit facility of $300 million from PNB and that the bank has not provided any fresh credit. Indian daily Mint had [&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-263530","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\/263530","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=263530"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/263530\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=263530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=263530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=263530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}