HW English
HW Exclusive

HW Exclusive: The hidden losses of Jet Airways

With the over optimistic bankers of Jet Airways, led by SBI and who have collectively lent it over Rs.8400 crores, unable to get a buyer, the beleaguered airline is now before the NCLT, undergoing insolvency proceedings and awaiting liquidation. Interestingly, while as per its latest audited financial statements, its total liabilities to bankers, vendors, employees, government etc. are Rs.19743 crores, the liquidation professional has so far received creditor claims of about Rs.30000 crores and they continue to mount. We give you the inside story and bring to your attention how Jet Airways has managed to hide its liabilities in plain sight. #JetAirways #NareshGoyal #AkhileshBhargava

Related posts

Chari Breaks His Silence, Criticizes Government On Freedom Of Press

Sujit Nair

Does today’s BJP have the right to take credit for fighting Emergency

Sheshadri Chari

Are Smriti Irani’s decisions autocratic?

Shikha Singh