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Saturday, February 23, 2019

Jet Airways' shareholders approve debt-for-equity swap

Jet's board last week approved a plan by lenders, led by State Bank of India, for an equity infusion, debt restructuring and the sale or sale-and-lease-back of aircraft. The plan will mean the lenders will have a bigger holding than any other shareholder.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2GCkJaQ

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