Banks ask Jet Airways to explain its liquidity situation
Domestic and foreign creditors of Jet Airlines will meet the airline'e executives today to help renegotiate contracts and revive the poor cash flow situation
Mumbai: Domestic and foreign lenders of Jet Airways (India) Ltd have asked the company to explain its liquidity situation, just a few days after the airline defaulted on a scheduled loan repayment. The lenders will now meet the airline executives, along with various vendors, and help Jet Airways renegotiate contracts and revive its poor cash flow position in the coming days, according to two people with the knowledge of the discussions.
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