India’s Jet Airways holds crisis meeting after lenders reject fund injection

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AFP
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ID: 
1555394570929350500
Tue, 2019-04-16 05:46

MUMBAI: The board of stricken Indian airline Jet Airways could suspend all operations Tuesday after lenders refused to release emergency funds to keep the debt-laden carrier flying, media reports said.
An emergency board meeting was called for Tuesday after the latest blow to the beleaguered company.
Thousands of passengers have been stranded in recent weeks after the airline, which has debts of more than $1 billion, canceled international flights because it cannot pay its bills.

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