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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

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