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Bankruptcy is the last option for Jet Airways: SBI Chairman
short by Shruti Maria Mahendar / on Wednesday, 20 March, 2019
State Bank of India's (SBI) Chairman Rajnish Kumar has said putting cash-strapped Jet Airways into bankruptcy is the "last option" and that its lenders are making "every effort" to keep the airline flying. A resolution plan is "almost" ready and it would not involve a bailout for any individual or the airline's Founder and Chairman Naresh Goyal, he further said.
read more at Reuters