Jet Airways crisis explained in 10 points

As soon as a luxurious air service to close chapter, Jet Airways surprised the nation by touchdown into monetary troubles. The corporate lately introduced that it was below a debt of over Rs eight,500 crore. The founders and house owners Naresh Goyal and his spouse Anita stepped down from the board, giving lenders full management. And but, after months of uncertainty, the non-public service introduced a brief suspension of its operations on April 17 because it didn’t obtain the required Rs 400 crores in emergency funds from lenders. Money-starved Jet Airways, which has round 23,000 workers, additionally owes salaries to the workers, together with pilots. 

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