{"id":269624,"date":"2019-04-18T06:10:58","date_gmt":"2019-04-18T06:10:58","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=269624"},"modified":"2019-04-18T06:10:58","modified_gmt":"2019-04-18T06:10:58","slug":"jet-airways-timeline-how-the-joy-of-flying-airlines-dreams-soured","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-timeline-how-the-joy-of-flying-airlines-dreams-soured\/","title":{"rendered":"Jet Airways timeline: How the &#8216;Joy of Flying&#8217; airline&#8217;s dreams soured"},"content":{"rendered":"<p>Beleaguered carrier Jet Airways halted all operations on Wednesday after its lenders rejected its plea for emergency funding from the airline that was once India&#8217;s largest private carrier. <\/p>\n<p>The airline, known for its &#8220;The Joy of Flying&#8221; tagline, has been teetering for weeks, saddled with over $1 billion in debt. <\/p>\n<p>Its lenders, led by State Bank of India (SBI), last month agreed to bail it out in a complex deal that involved the banks taking a majority stake and providing a fresh loan of $217 million, while continuing to look for a new investor. That loan never materialised, gradually crippling the 25-year old airline&#8217;s operations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Beleaguered carrier Jet Airways halted all operations on Wednesday after its lenders rejected its plea for emergency funding from the airline that was once India&#8217;s largest private carrier. The airline, known for its &#8220;The Joy of Flying&#8221; tagline, has been teetering for weeks, saddled with over $1 billion in debt. Its lenders, led by State Bank of India (SBI), last month agreed to bail it out in a complex deal that involved the banks taking a majority stake and providing a fresh loan of $217 million, while continuing to look for a new investor. That loan never materialised, gradually crippling [&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":[135,167,130],"tags":[],"class_list":["post-269624","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/269624","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=269624"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/269624\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=269624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=269624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=269624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}