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Jet Airways. New idea: a conversion of debt into shares
One more (desperate) attempt to save the carrier
In the event that the conversion of part of the Jet Airways debt into shares is approved, the State Bank of India (SBI) should enter into the shareholding of the carrier, controlling 30% of it. A measure that could guarantee the operation of the airline that could at the same time resume paying the workers and creditors (both banks and leasing companies), without risking short-term bankruptcy of 1.2...
AVIONEWS - World Aeronautical Press Agency