At weddings, Jet Airways became the largest Indian airline. In April 2019, however, the airline had to close, the mountain of debt was too high. Today new investors are working on the comeback. How difficult it actually is now shows: The banks refuse to provide the airline with additional funds.
Lenders fear that the Indian aviation sector has been hit harder by the coronavirus crisis and that a larger injection of funds is therefore needed. Therefore, you have to take a lot more money in hand than is currently rumored. Accordingly, the new owners have to inject their own funds in order to be able to start as planned in early 2021, how ch-aviation.com reported. And that until the banks give their approval.