Jet Airways falls; little scope for revival, sources say

Reuters Mumbai | Updated on May 06, 2019 Published on May 06, 2019

File photo

Shares of Jet Airways Ltd fell as much as 7.68 per cent to Rs 125.1.

The Government sees little hope of a bidder emerging for debt-laden airline, two senior finance ministry officials said.

At present, Jet Airways has a debt of about $1.2 billion (approximately Rs 8325 crore)

The airline lost over half its market value this year as of Friday's close.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on May 06, 2019
This article is closed for comments.
Please Email the Editor