Cash-strapped Jet Airways asks banks for loan rejig

In a bid to stay afloat, Jet Airways has asked banks to give a moratorium and restructure its loan, while seeking fresh funds to meet working capital needs. According to Bloomberg data, Jet has the highest proportion of short-term debt to total debt at 46% compared with Asian peers.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2R54QuS

Newer Post Older Post