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BQ Exclusive | Jet Airways Resolution Plan: How Lenders Are Hoping It Will Work
The math behind the bank-led resolution plan for Jet Airways.
22 Feb 2019, 01:14 PM IST
As lenders to Jet Airways Ltd. embark upon an effort to resolve another large troubled asset, they are hoping to do it in a way that allows them to minimise the hit to their balance sheets over a period of time.The attempt to restructure loans given to the airline outside the purview of the Insolvency and Bankruptcy Code comes against the backdrop of delays in resolution of large stressed assets and a fear that the company would see ...
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