INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The misery of Jet Airways' shares continued as they fell nearly 4 per cent in morning trade on Thursday.
Today is the sixth
consecutive session of Jet shares trading in the negative territory
The beleaguered airline is struggling hard to survive
It has defaulted on Indian and overseas loans, vendor payments, as well as delayed salaries and laid off staff
funding of Rs 1,500 crore from its lenders in a week, its top management has estimated internally.
The report further said that the
the RBI circular on debt restructuring rules for companies that have defaulted on loans
No clarity or assurance has come from the lenders.
The airline has grounded most of its planes due to unpaid dues to lessors or lack of
Shares of the company traded 3.13 per cent down at Rs 243.25 around 10:10 am on BSE.
