{"id":265219,"date":"2019-03-20T05:19:27","date_gmt":"2019-03-20T05:19:27","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=265219"},"modified":"2019-03-20T05:19:27","modified_gmt":"2019-03-20T05:19:27","slug":"government-asked-banks-to-save-jet-airways-avoid-bankruptcy-sources","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/government-asked-banks-to-save-jet-airways-avoid-bankruptcy-sources\/","title":{"rendered":"Government asked banks to save Jet Airways, avoid bankruptcy: Sources"},"content":{"rendered":"<p>India&#8217;s government has asked state-run banks to rescue privately held Jet AirwaysNSE -4.36 % without pushing it into bankruptcy, as Prime Minister Narendra Modi seeks to avert thousands of job losses weeks before a general election, two people within the administration told Reuters. <\/p>\n<p>The finance ministry has in the past year sought regular updates from the banks, led by State Bank of India (SBI) , on Jet&#8217;s financial health, the people said. In recent months, the banks have provided weekly updates about a revival plan and also sought government advice, the people added. <\/p>\n<p>&#8220;Top officials at the finance ministry seek regular updates on the issue,&#8221; said an official at one of Jet&#8217;s lenders, who did not want to be identified as discussions are private. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s government has asked state-run banks to rescue privately held Jet AirwaysNSE -4.36 % without pushing it into bankruptcy, as Prime Minister Narendra Modi seeks to avert thousands of job losses weeks before a general election, two people within the administration told Reuters. The finance ministry has in the past year sought regular updates from the banks, led by State Bank of India (SBI) , on Jet&#8217;s financial health, the people said. In recent months, the banks have provided weekly updates about a revival plan and also sought government advice, the people added. &#8220;Top officials at the finance ministry seek [&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-265219","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\/265219","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=265219"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265219\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=265219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=265219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=265219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}