Jet Airways conducted its all important board meeting yesterday and many important issues were resolved and a final resolution plan was laid down. We run you through the highlights of this resolution plan. It was a relief for all stakeholders to see the airline did not shut down or go in for liquidation, not to mention the government, which did not want to see a company with 22,000 employees close down a few weeks before elections. However, Vijay Mallya did not seem pleased and via a series of tweets questioned why his Kingfisher Airlines was not extended the same benefit in spite of his cooperation. After Mukesh Ambani bailed out his younger Anil and saved him from a prison term, another Indian billionaire, Lakshmi Mittal, has saved his brother from the ED and CBI and has given him an amount of 1,600 crore ₹ to help him pay 2,210 crore ₹ as full and final settlement to State Trading Corporation.
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