INSUBCONTINENT EXCLUSIVE:
securitise revenue from ticket sales against outstanding debt.
The company, which defaulted on loan repayments in December, is also said to
have approached upper echelons of officialdom earlier this week in pursuit of a rescue by state-run banks, according to an ET report.
The
scrip declined 3.34 per cent to hit a low of Rs 238.60 on BSE
The scrip has fallen 20 per cent in last one month and 70 per cent over last 12 months
The fall in stock is seen even as crude prices have eased considerably of late
leasing companies facing delayed payments, early next week, report added
Jet is likely to propose a fresh repayment schedule that involves haircuts, said a person aware of plan.
