{"id":265884,"date":"2019-03-23T06:16:57","date_gmt":"2019-03-23T06:16:57","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=265884"},"modified":"2019-03-23T06:24:22","modified_gmt":"2019-03-23T06:24:22","slug":"jet-airways-lenders-may-acquire-substantial-stake-in-airline-till-new-promoters-come-in-sources","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-lenders-may-acquire-substantial-stake-in-airline-till-new-promoters-come-in-sources\/","title":{"rendered":"Jet Airways\u2019 lenders may acquire substantial stake in airline till new promoters come in: Sources"},"content":{"rendered":"<p>Lenders of Jet Airways are likely to pick up a substantial stake in the debt-laden airline till a new promoter is roped in, sources said.<\/p>\n<p>The process of getting a new promoter on board is likely to take another two to three months and once that happens, the banks would offload their stakes, they added.<\/p>\n<p>The State Bank of India-led consortium of lenders is working on a resolution plan for the cash-strapped Jet Airways for the last five months. The full service carrier has a debt burden of more than Rs 8,200 crore and needs to make repayments worth up to Rs 1,700 crore by March end.<\/p>\n<p>Sources said lenders of Jet Airways might pick up a substantial stake in the airline, a move that would provide comfort in the interim period till new promoters come in.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lenders of Jet Airways are likely to pick up a substantial stake in the debt-laden airline till a new promoter is roped in, sources said. The process of getting a new promoter on board is likely to take another two to three months and once that happens, the banks would offload their stakes, they added. The State Bank of India-led consortium of lenders is working on a resolution plan for the cash-strapped Jet Airways for the last five months. The full service carrier has a debt burden of more than Rs 8,200 crore and needs to make repayments worth up [&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":[212,130,144],"tags":[],"class_list":["post-265884","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-pioneer","category-newspapers","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265884","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=265884"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265884\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=265884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=265884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=265884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}