{"id":265971,"date":"2019-03-23T07:18:14","date_gmt":"2019-03-23T07:18:14","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=265971"},"modified":"2019-03-23T07:18:14","modified_gmt":"2019-03-23T07:18:14","slug":"lenders-to-take-over-jet-airways-ministry-sources","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lenders-to-take-over-jet-airways-ministry-sources\/","title":{"rendered":"Lenders to take over Jet Airways: Ministry sources"},"content":{"rendered":"<p>Lenders of cash-strapped Jet Airways are in the process of securing &#8220;substantial stake&#8221; in the ailing airline to bring it to a manageable state before selling it to new promoters, a senior Finance Ministry source said on Friday.<\/p>\n<p>&#8220;Only after securing substantial stake in the airline, the lenders are planning to sell Jet Airways, and the existing promoters need to exit before new buyers can be roped in&#8221;, he said.<\/p>\n<p>After defaulting on interest payments and delaying salaries to pilots, with Jet Airways now flying just about a third of its fleet following the recent grounding of many aircraft, the full service carrier is currently in a near standstill situation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lenders of cash-strapped Jet Airways are in the process of securing &#8220;substantial stake&#8221; in the ailing airline to bring it to a manageable state before selling it to new promoters, a senior Finance Ministry source said on Friday. &#8220;Only after securing substantial stake in the airline, the lenders are planning to sell Jet Airways, and the existing promoters need to exit before new buyers can be roped in&#8221;, he said. After defaulting on interest payments and delaying salaries to pilots, with Jet Airways now flying just about a third of its fleet following the recent grounding of many aircraft, 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":[224,130,150],"tags":[],"class_list":["post-265971","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-tribune","category-newspapers","category-the-tribune"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265971","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=265971"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265971\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=265971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=265971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=265971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}