It could be curtains, temporary in best case scenario, for Jet Airways by Tuesday evening. “The management said there is no money to continue. It was told to make one last effort for getting the promised Rs 1,500-cr emergency funding from lenders. If no funds come, CEO Vinay Dube has been authorised to decide on shutting down operations,” said a source.
from Times of India http://bit.ly/2Im1TWp
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Tuesday, April 16, 2019
As Jet stares at shutdown, board makes last-ditch effort for funds
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