Business

Jet Airways halts operations temporarily as banks reject funding request

Jet Airways halts operations temporarily as banks reject funding request The lenders, led by SBI, were originally expected to transfer Rs 1,500 crore, which was later brought pared to Rs 1,000 crore. But now, even Rs 400 crore is out of the question as not all banks are ready to part with any more money for a carrier that owes them more than Rs 8,000 crore.

from Moneycontrol Business News
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