{"id":267978,"date":"2019-04-04T06:36:58","date_gmt":"2019-04-04T06:36:58","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=267978"},"modified":"2019-04-04T06:36:58","modified_gmt":"2019-04-04T06:36:58","slug":"jet-airways-math-finds-airline-may-not-fly-beyond-april","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-math-finds-airline-may-not-fly-beyond-april\/","title":{"rendered":"Jet Airways math finds airline may not fly beyond April"},"content":{"rendered":"<p>MUMBAI: Jet AirwaysNSE -3.32 % won\u2019t be able to operate beyond April if it doesn\u2019t get the entire promised debt funding of Rs 1,500 crore from its lenders in a week, its top management has estimated internally, said a person aware of the development. <\/p>\n<p>The airline\u2019s management also met lenders seeking clarity on the future of a revival plan drawn up by the banks after the Supreme Court quashed the RBI circular on debt restructuring rules for companies that have defaulted on loans. No clarity or assurance has come from the lenders, the person said. <\/p>\n<p>Separately, founder Naresh Goyal on Wednesday announced his formal exit from Jet, saying he had agreed to \u201csacrifice\u201d his \u201cevery control and interest\u201d in the airline. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Jet AirwaysNSE -3.32 % won\u2019t be able to operate beyond April if it doesn\u2019t get the entire promised debt funding of Rs 1,500 crore from its lenders in a week, its top management has estimated internally, said a person aware of the development. The airline\u2019s management also met lenders seeking clarity on the future of a revival plan drawn up by the banks after the Supreme Court quashed the RBI circular on debt restructuring rules for companies that have defaulted on loans. No clarity or assurance has come from the lenders, the person said. Separately, founder Naresh Goyal on [&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":[192,130,136],"tags":[],"class_list":["post-267978","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\/267978","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=267978"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/267978\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=267978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=267978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=267978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}