{"id":265372,"date":"2019-03-20T06:41:46","date_gmt":"2019-03-20T06:41:46","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=265372"},"modified":"2019-03-20T06:52:23","modified_gmt":"2019-03-20T06:52:23","slug":"jet-airways-shares-drop-as-crisis-deepens","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-shares-drop-as-crisis-deepens\/","title":{"rendered":"Jet Airways shares drop as crisis deepens"},"content":{"rendered":"<p>Shares of Jet Airways Ltd dropped about 7 per cent on Wednesday as the company&#8217;s distress aggravated after the Indian government called for an emergency meeting to discuss the cash-strapped carrier&#8217;s woes. The government has asked state-run banks to rescue the airline without pushing it into bankruptcy, two people within the administration told Reuters.<\/p>\n<p>State-run banks have been urged to convert debt into equity and take a stake in Jet in a rare move in India to use taxpayer money to save a struggling private-sector company from bankruptcy. The two people and another source, however, said this would be \u201ctransitory\u201d and lenders could sell the stakes once Jet revives itself.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Jet Airways Ltd dropped about 7 per cent on Wednesday as the company&#8217;s distress aggravated after the Indian government called for an emergency meeting to discuss the cash-strapped carrier&#8217;s woes. The government has asked state-run banks to rescue the airline without pushing it into bankruptcy, two people within the administration told Reuters. State-run banks have been urged to convert debt into equity and take a stake in Jet in a rare move in India to use taxpayer money to save a struggling private-sector company from bankruptcy. The two people and another source, however, said this would be \u201ctransitory\u201d [&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":[130],"tags":[],"class_list":["post-265372","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265372","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=265372"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265372\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=265372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=265372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=265372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}