16
Sunday
June 2019
9:10 PM IST
News Headlines
Protesting doctors turn down Mamata''s invite for talks, say CM has to apologise first        China supports suspension of Hong Kong''s controversial extradition bill after massive protests        Seven sustain burn injuries as bus catches fire in road accident        CM to raise Kerala''s objection in Niti Aayog meet over handing over Intl Airport to Adani group        Finch''s 153 sets up Australia''s 87-run win over Sri Lanka        Coutinho brace fires Brazil to 3-0 win over Bolivia in Copa America opener        India, SCO members unite to condemn terrorism in Bishkek Declaration        Agitating doctors decline Mamata''s invite for talks        Cyclone Vayu to recurve again; likely to hit Kutch next week        UK court sets Feb 2020 timetable for Assange US extradition trial        Trump blames Iran in tanker blasts, says sea lane not at risk        ENG Pacers, Root set up England''s overwhelming eight-wicket win over West Indies        Tendulkar sues Australian bat manufacturer for $2 mn in royalties        Lee Chong Wei, badminton's beloved nearly man        No pressure as only 1.5 billion people expecting India to win World Cup: Hardik        India ad spend likely to be Rs 697 billion in 2019: Report        No debate set for Hong Kong bill after protests        Trump says would take foreign info on 2020 presidential opponent        Delhi court sends member of Pak-based terror outfit to 5-day NIA custody        Congress pays tributes to 13 people killed in AN-32 crash        
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Business News
Jet Airways In Talks With SBI To Raise Rs. 1,500 Crore: Report
 
Debt-laden Jet Airways is close to reaching a deal with State Bank of India for a fresh loan of Rs. 1,500 crore ($215 million) to meet its working capital needs, two sources aware of the matter told Reuters.

The airline has scheduled a meeting on January 8 with its vendors and lessors, many of whom are getting increasingly concerned over non-payment of dues, and officials from State Bank of India (SBI) to discuss the debt restructuring plan, the first source with direct knowledge said.

The bankers are being called to the meeting to reassure the creditors, some of whom are expected to come to India from overseas, that Jet is working toward securing funding and has a repayment plan which it will share with them, said the first source.

Jet, the country's biggest full-service carrier by market share, owes money to pilots, lessors, banks and vendors. Its problems have been exacerbated by higher oil prices and intense pricing competition in the domestic market.

The airline, part owned by Etihad Airways, was in talks with the Abu Dhabi-based carrier to infuse more equity, but any money would be conditional on Jet's founder Naresh Goyal ceding control, sources have told Reuters.

Lessors have already forced the airline to ground at least four of its new fuel-efficient Boeing 737 MAX aircraft over non-payment of dues, the first source said, adding more planes could be grounded if lessors are unconvinced by the plan Jet presents next week.

Jet Airways and SBI did not immediately respond to a request for comment.

Jet has a total of 124 aircraft, the vast majority of which are leased.


India ad spend likely to be Rs 697 billion in 2019: Report
UK court rejects Nirav Modi''s bail for fourth time over fears he would abscond
Bring down corporate tax to 18 pc sans exemptions: CII
Jet Airways shares plunge nearly 11 pc
Fiat Chrysler in talks with Aurora on autonomous vehicles
Facebook stops Huawei from pre-installing apps on phones
Rupee rises 31 paise to 69.39 vs USD in early trade
Bajaj Auto sales rise 3 pc in May to 4.19 lakh units
RBI policy, macro data key for markets in holiday-shortened week: Analysts
Six of top-10 firms add Rs 99,994 cr in m-cap; TCS leads
Mahindra sales 3 pc to 45,421 units in May
Toyota Kirloskar sales down 6% at 13,066 units in May
Sitharaman: India's first woman FM; looks to steer economy out of slowdown
Rupee sees high volatility post allocation of key portfolios
Sensex drops over 200 pts; Nifty below 11,900
G20 countries eye tax policy for internet giants: Nikkei
Sensex, Nifty resume record run on F&O expiry
Sensex sheds 248 pts; banking stocks drag
SBI to mop up Rs 5,000 cr by issuing Basel III-compliant bonds
PNB shares continue to fall; tank over 5%
KERALA NEWS
Seven sustain burn injuries as bus catches fire in road accident
 Thiruvananthapuram: Seven people sustained burn injuries when the bus in which they were travelling  
Rahul renews attack on BJP, Modi during ''thanksgiving'' visit to Wayanad
It's Confirmed: 23-year-old boy infected with Nipah
Congress expels Abdullakutty for praising PM Modi
INTERNATIONAL NEWS
China supports suspension of Hong Kong''s controversial extradition bill after massive protests
 Beijing: China on Saturday said it supports the Hong Kong leader''s decision to suspend a controvers
UK court sets Feb 2020 timetable for Assange US extradition trial
Trump blames Iran in tanker blasts, says sea lane not at risk
No debate set for Hong Kong bill after protests
NATIONAL NEWS
Protesting doctors turn down Mamata''s invite for talks, say CM has to apologise first
 Kolkata: Striking junior doctors turned down Chief Minister Mamata Banerjee''s invitation for a meet
Agitating doctors decline Mamata''s invite for talks
Cyclone Vayu to recurve again; likely to hit Kutch next week
Delhi court sends member of Pak-based terror outfit to 5-day NIA custody
Untitled Page
Rashtra Deepika LTD
Copyright @ 2019 , Rashtra Deepika Ltd.