Jet Airways: Banks don't want to finance restart

Photo: Pixabay.
Photo: Pixabay.

Jet Airways: Banks don't want to finance restart

Photo: Pixabay.
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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.

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Editor of this article:

Granit Pireci is an editor at Aviation.Direct and specializes in aviation in Southeast Europe. Before that he worked for AviationNetOnline (formerly Austrian Aviation Net).
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About the editor

Granit Pireci is an editor at Aviation.Direct and specializes in aviation in Southeast Europe. Before that he worked for AviationNetOnline (formerly Austrian Aviation Net).
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Nobody likes paywalls
- not even Aviation.Direct!

Information should be free for everyone, but good journalism costs a lot of money.

If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

If you did not like the article, we look forward to your constructive criticism and / or your suggestions for improvement, either directly to the editor or to the team at with this link or alternatively via the comments.

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