Jet Airways India Ltd., once ranked the nation’s biggest airline by market value, is on life support. A bailout plan proposed by its lenders is in limbo, it grounded its fleet (at least temporarily), staff salaries are delayed and it’s missed payments to banks and leasing companies. The clock is ticking for one of the country’s most visible companies at a sensitive time, with India’s general election under way.
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Thu, 04/18/2019 - 1:31am
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