Breaking Government asked banks to save Jet Airways, avoid bankruptcy.

[iDJ]

Government has asked state-run banks to rescue privately held Jet Airways without pushing it into bankruptcy, as Prime Minister seeks to avert thousands of job losses weeks before the 2019 general election.

The finance ministry has in the past year sought regular updates from the banks, led by State Bank of India (SBI), on Jet's financial health. In recent months, the banks have provided weekly updates about a revival plan and also sought government's advice.

Government asked banks to save Jet Airways, avoid bankruptcy: Sources

 

[Sumanth]

As usual, keep increasing the Non-Performing Assets for the banks. And we the bank depositors could bear the brunt in the future

 

[piinku1]

As usual, wastage of public money to feed a corporate.

 

[Bapun]

• According to IndiGo, all job offers are in line with its current terms and conditions
• Jet pilots along with engineers and senior management have not been paid for more than three months

Jet pilots look to board SpiceJet as IndiGo captains seek to abort their entry

 

[nulll]

They just want to defer the bankruptcy declaration to post elections so that it wont appear as yet another major job loss in the bleeding economy during the run up for the elections.

One hard approach for Kingfisher & a different soft approach for Jet. !!Wah Wah Chowkidar & gang!!

 

[Bapun]

Jet Airways chairman Naresh Goyal, and his wife Anita Goyal, stepped down from the airline’s board on Monday, 25 March, to allow the board to move ahead with a debt recast plan for rescuing the carrier he founded in 1993.

Jet Airways Founder Naresh Goyal Steps Down as Chairman

 

[kittu]

How can they say that give people's money to losed company.
This is very bad.... only for private company, how can banks gives public money.

 

[Raja321]

I don't know complete facts but in my opinion banks should not take share in Jet airways but get its portion of debts repaid through insolvency.
But it is loss for banks in both ways.

 

[piinku1]

How can they say that give people's money to losed company.
This is very bad.... only for private company, how can banks gives public money.

Because big boss will get their commission from it for election expenditure.

 

[Bapun]

https://twitter.com/x/status/1110331201607401472

Source


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