Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Jet creditors to recover less than 10% of dues in liquidation scenario
short by Anushka Dixit / on Wednesday, 4 September, 2019
Creditors of Jet Airways may reportedly recover less than 10% of the carrier's total outstanding dues in a liquidation scenario if no suitor succeeds in buying the airline. The creditors, who are owed nearly $4.20 billion, may only get $300-$400 million from the sale of Jet's assets. Apart from the lenders, Jet has 2,400 creditors including suppliers, vendors and employees.
read more at Reuters