Cash-Strapped Jet Airways Accepts Etihad Bailout Plan: Report

On January 22, Jet airways declared that had defaulted on debt payment to a consortium of Indian banks, prompting ratings agency ICRA to downgrade the carrier. The airlines now needs to raise at least $250-300 million immediately to pay off its dues to lenders and other vendors

from Top India News- News18.com http://bit.ly/2G2QvxD
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