Jet Airways lenders may be facing dilemma of writing off 80% dues or losing 100% loans
19 April 2019 5:18 AM GMT
Lenders may have made a tactical error by not keeping Jet airborne as grounded airline increases the bargaining power of prospective investors and rescue plan delay erodes assets value.
- Jet Airways aircraft are seen parked at the Indira Gandhi International Airport in New Delhi, India, April 13, 2019.
- While the management's demand was at least Rs 1,500 crore, which the lenders, who are looking for buyers for up to 75 per cent stake in the company that  Naresh Goyal  founded, initially accepted.
- Later reports said the lenders were considering releasing Rs 1,000 crore as some lenders belonging to the State Bank of India (SBI)-led consortium were sceptical of the bids.
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