15-Feb-2019 8:14 AM
Jet Airways' board considers and approves bank led provisional resolution plan
Direct News Source
Jet Airways' Board today considered and approved a Bank led Provisional Resolution Plan (BLPRP). The BLPRP proposes restructuring under the provisions of the "RBI Circular" in order to meet a funding gap of nearly INR 8500 crores which is to be met by an appropriate mix of equity infusion, debt restructuring, sale/ sale and lease back/ refinancing of aircraft, among other things.
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This press release was sourced from Jet Airways on 14-Feb-2019.