Jet Airways needs around Rs 10,000 cr worth of infusion
According to industry estimates, Jet`s total debt of Rs 8,000 crore in addition to payables such as vendors` dues worth Rs 15,000 crore, would require something more substantial than just Rs 1,000 crore that a consortium of public sector banks might muster up.
The airline has lost ground in terms of market shares, even as its pilots and crew are said to be approaching other airlines for employment. Photo: Reuters