'Jet Airways resolution plan totters due to disagreement with creditors'

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Times of India 3 mo ago

'Jet Airways resolution plan totters due to disagreement with creditors' - Times of India

Quick Summary:

Creditors of Jet Airways and the company's new owners are deadlocked over a resolution plan to pull the airline out of bankruptcy, putting the carrier's future in limbo, according to sources.

Creditors may approach aviation ministry to seek approval to liquidate Jet's assets if a resolution does not emerge during a critical court hearing on Tuesday, said a senior banker.

However, disagreements between the company's new owners and lenders over the plan risks derailing Jet's recovery.