Stake sale in troubled Jet Airways may be delayed


Jet, India

NEW DELHI: Lenders to India’s troubled Jet Airways Ltd may have to wait a little longer to sell a stake in the carrier, as they need more clarity from the country’s central bank, the Business Standard newspaper reported yesterday.

Jet, India’s oldest private carrier, is saddled with more than US$1bil in debt, compounding its financial woes and forcing it to ground most of its fleet.

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Jet , Airways , stake , sale , delayed , lenders , debts ,

   

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