{"id":272952,"date":"2019-05-06T04:55:26","date_gmt":"2019-05-06T04:55:26","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=272952"},"modified":"2019-05-06T04:55:26","modified_gmt":"2019-05-06T04:55:26","slug":"now-employees-and-regular-flyers-come-up-with-a-plan-to-give-jet-airways-wings","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/now-employees-and-regular-flyers-come-up-with-a-plan-to-give-jet-airways-wings\/","title":{"rendered":"Now, employees and regular flyers come up with a plan to give Jet Airways wings"},"content":{"rendered":"<p>New Delhi: After a section of employees floated the proposal to take over management control of the grounded Jet Airways and arrange up to \u20b93,000 crore from external investors, a group of frequent flyers of the cash-strapped airline has approached the key lenders, including State Bank of India, ICICI Bank and Punjab National Bank, to submit the &#8216;Revival of Jet Airways Plan&#8217; or &#8216;Roja&#8217;.<\/p>\n<p>Claiming to be reputed professionals and minority shareholders in Jet Airways as well as nine banks that have lent money to Jet, the group has proposed a leveraged buy-out plan (LBO) to revive the grounded airline.<\/p>\n<p>The group of professionals, led by Sankaran P. Raghunathan, has given a presentation on the airline&#8217;s revival plan to various stakeholders, including pilots, engineers, employee unions and bankers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: After a section of employees floated the proposal to take over management control of the grounded Jet Airways and arrange up to \u20b93,000 crore from external investors, a group of frequent flyers of the cash-strapped airline has approached the key lenders, including State Bank of India, ICICI Bank and Punjab National Bank, to submit the &#8216;Revival of Jet Airways Plan&#8217; or &#8216;Roja&#8217;. Claiming to be reputed professionals and minority shareholders in Jet Airways as well as nine banks that have lent money to Jet, the group has proposed a leveraged buy-out plan (LBO) to revive the grounded airline. [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-272952","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/272952","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=272952"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/272952\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=272952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=272952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=272952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}