Jet Airways’ Lenders Approve Resolution Plan for Bankrupt Firm
Jet Airways India Ltd. aircraft at Chhatrapati Shivaji Maharaj International Airport in Mumbai.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
A panel of creditors to Jet Airways India Ltd. approved a resolution plan for the bankrupt airline, bringing a 16-month long process to recover dues to lenders closer to completion.
Jet Airways’ lenders accepted the plans submitted by Murari Lal Jalan and Florian Fritsch, the carrier said in a filing on Saturday. The airline didn’t provide any further details on the bidders or their proposal.