INSUBCONTINENT EXCLUSIVE:
decided not to bid for acquiring a stake in the cash-strapped airline
The decision by Mr Goyal, who along with his wife Anita stepped down from the airline's board last month, comes at a time the debt-ridden
airline is struggling to stay afloat, and owes vast sums to lessors, suppliers, pilots and oil companies
The airline's board is meeting in Mumbai today
The government has asked the secretary of the Ministry of Civil Aviation to review the issues ailing the full-service carrier
Meanwhile, sources have told TheIndianSubcontinent that the banks have offered a daily funding plan for Jet to remain afloat against Jet
management's request to release Rs 1,500 crore at one go
Here are 10 things to know about the Jet Airways crisis:"SBI is working on the emergency funding, everything is under
reports said the airline was likely to shut down its operations temporarily
A response from Jet Airways was awaited.Union Minister Suresh Prabhu said that Pradeep Singh Kharola would review the issues ailing the
passenger rights and safety" and work with the stakeholders for their well-being.A government official told media the funding for the
airline was likely to come through and that the banks were not looking to take the airline to bankruptcy court, news agency Reuters
reported.Jet Airways needs an immediate fund infusion to get its planes back in the air and restore some of its key sectors to start
airline's pilots gathered at Mumbai headquarters hoping for the revival of the private airline.The airline's group of lenders, led by State
It has been losing planes in recent weeks as lessors scramble to de-register and take back their aircraft, even as the lenders have sought
planes, a senior pilot with the airline and a member of the National Aviator's Guild - a trade union of the airline's pilots - told Reuters
agency inputs)Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on
TheIndianSubcontinent.com/elections
Like us on Facebook or follow us on Twitter and Instagram for updates from each of the 543 parliamentary seats for the 2019 Indian general
