{"id":290448,"date":"2019-09-05T05:06:20","date_gmt":"2019-09-05T05:06:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=290448"},"modified":"2019-09-05T05:20:43","modified_gmt":"2019-09-05T05:20:43","slug":"jet-creditors-to-recover-only-300-400-mn-in-liquidation-scenario-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-creditors-to-recover-only-300-400-mn-in-liquidation-scenario-report\/","title":{"rendered":"Jet creditors to recover only $300-$400 mn in liquidation scenario: Report"},"content":{"rendered":"<p>Creditors of India&#8217;s bankrupt Jet Airways are likely to recover less than 10% of the carrier&#8217;s total outstanding dues in a liquidation scenario if no suitor succeeds in buying the airline, two sources told Reuters. <\/p>\n<p>The airline&#8217;s financial and operational creditors, who are owed nearly 300 billion Indian rupees ($4.20 billion) are likely to recover only $300-$400 million from the sale of Jet&#8217;s assets, the sources, who have direct knowledge of the matter, said. <\/p>\n<p>&#8220;The expected recovery on owned planes and real estate is $300-400 million after repaying debt tied specifically to those assets,&#8221; said one of the sources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Creditors of India&#8217;s bankrupt Jet Airways are likely to recover less than 10% of the carrier&#8217;s total outstanding dues in a liquidation scenario if no suitor succeeds in buying the airline, two sources told Reuters. The airline&#8217;s financial and operational creditors, who are owed nearly 300 billion Indian rupees ($4.20 billion) are likely to recover only $300-$400 million from the sale of Jet&#8217;s assets, the sources, who have direct knowledge of the matter, said. &#8220;The expected recovery on owned planes and real estate is $300-400 million after repaying debt tied specifically to those assets,&#8221; said one of the sources.<\/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-290448","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\/290448","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=290448"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/290448\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=290448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=290448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=290448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}