All major airline companies, such as Air India, Indigo, Jet Airways, Go Air, are undergoing a deficit. Throttle competition, increase in air fuel prices, increase in operational costs and economic slowdown have significantly increased the losses of many companies. In the last one year, air companies had to spend 55 per cent of their ccst on air fuels.One of these government airlines, Jet Airways, is also going through an economic downturn. The problem of this company is not taking the name of being low. Significantly, the management of the company had demanded emergency financial assistance in the past. For the financial help of the company, 400 crores has been proposed. If the company is not provided financial assistance then the jet will have to cancel all its flights.
Suresh Prabhu has tweeted, "To review the issues related to Jet Airways, the Director of the Ministry of Aviation has directed, in which the planes canceled the flight due to the increase of Jet Airways fares mainly from other airlines. There is a case to be made. After review, Jet Airways has been instructed to reduce the fares of flights flying in 10 routes. "
Two big officials of the bank said that the bank wants to help Jet Airways, provided the promoters of Jet should confirm this and tell them the exact way that they will return this amount. Jet promoters include Etihad Airlines, whose 24 per cent share is in Jet Airlines. Another bank official said, "The government should intervene to resolve this issue. Instead of meeting separately, the government should sit together with all parties and talk. This is not a difficult task. "Sunil Mehta, MD of Punjab National Bank, says," Those who want to lend to Jet want the jet to come out of difficulties. SBI and SBI are working on the package for Capital Jet, but the final decision has not been taken yet. "
Significantly, Jet promoter Naresh Goyal has already resigned from his post. According to the information, Jet promoter Etihad and TPG Capital were against Naresh Goyal. The banks which have lented jet to Jet, have offered to sell the shares of Jet from 32.1% to 75% so that they can get their debt back. Banks have debt at Rs 8400 crores.
Suresh Prabhu has tweeted, "To review the issues related to Jet Airways, the Director of the Ministry of Aviation has directed, in which the planes canceled the flight due to the increase of Jet Airways fares mainly from other airlines. There is a case to be made. After review, Jet Airways has been instructed to reduce the fares of flights flying in 10 routes. "
Two big officials of the bank said that the bank wants to help Jet Airways, provided the promoters of Jet should confirm this and tell them the exact way that they will return this amount. Jet promoters include Etihad Airlines, whose 24 per cent share is in Jet Airlines. Another bank official said, "The government should intervene to resolve this issue. Instead of meeting separately, the government should sit together with all parties and talk. This is not a difficult task. "Sunil Mehta, MD of Punjab National Bank, says," Those who want to lend to Jet want the jet to come out of difficulties. SBI and SBI are working on the package for Capital Jet, but the final decision has not been taken yet. "
Significantly, Jet promoter Naresh Goyal has already resigned from his post. According to the information, Jet promoter Etihad and TPG Capital were against Naresh Goyal. The banks which have lented jet to Jet, have offered to sell the shares of Jet from 32.1% to 75% so that they can get their debt back. Banks have debt at Rs 8400 crores.
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