Meanwhile, three executives at its top management team have resigned and two others have gone on leave, said a person in the know.
With just 10 days to go, three of four qualified bidders are yet to sign non-disclosure pacts.
The national carrier follows its peers in nibbling into bits of its financially distressed peer.
Potential investors having second thoughts after govt’s decision to allocate flight slots to rivals.
Rajan Rakesh & Bros sends notice under IBC, asks airline to clear dues in 10 days.
Airlines may almost double additions from the planned 80; lack of planes has led to cancellations.
Jet, which has at least Rs 15K-cr in dues, is the most critical case in the industry but by no means its only one.
Jet hasn’t paid its employees from January. It has defaulted on loans, been forced to ground planes since last year.
Even if money is released to Jet Airways, it can cover only a part of the refunds for passengers.
No clarity on Jet's revival. Qualified bidders rapped banks for denying emergency loans.
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