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Jet Airways (India) Ltd (JET.NS)

JET.NS on National Stock Exchange of India

236.45INR
22 Feb 2019
Change (% chg)

Rs1.60 (+0.68%)
Prev Close
Rs234.85
Open
Rs238.00
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Rs244.00
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Rs235.00
Volume
5,633,402
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Shareholders of India's Jet Airways approve debt-for-equity swap

MUMBAI, Feb 23 India's Jet Airways Ltd said late on Friday that its shareholders approved a plan to convert existing debt to equity, paving the way for the troubled company's lenders to infuse funds and nominate directors to its board.

RPT-Lessors doubt Jet Airways rescue plan, pull out more planes -sources

* Jet lessors holding new planes in Seattle pending pay -Boeing

TIMELINE-India's Jet Airways recovery path remains shaky

Feb 21 India's Jet Airways Ltd has approved a rescue deal by the lenders of the carrier reeling under a net debt of 72.99 billion rupees ($1.02 billion), but doubts linger over whether the bailout would help it clear dues on time.

Lessors doubt Jet Airways rescue plan, pull out more planes: sources

SINGAPORE/BENGALURU International lessors have grounded more Jet Airways planes prior to potentially moving them out of India, as scepticism builds whether a state-led bailout of the carrier can clear their dues on time, sources familiar with the matter said.

Lessors doubt Jet Airways rescue plan, pull out more planes -sources

* Jet lessors holding new planes in Seattle pending pay -Boeing

TIMELINE-India's debt-laden Jet Airways edges closer to safety

Feb 21 India's Jet Airways Ltd, after several attempts at finding help to save the carrier from a crippling pile of debt, last week approved a rescue deal which will make its lenders its largest shareholders and fix a near 85 billion rupee funding gap.

UPDATE 2-India's Jet knocks on govt doors in fight for survival -media

* Co may propose to raise 45 bln rupees via rights issue - report

UPDATE 2-India's Jet Airways approves rescue deal to plug $1.2 bln gap

* Lenders have option to appoint nominees to board (Adds details on plan, background on lessors)

India's Jet Airways board approves lenders' rescue package

NEW DELHI/BENGALURU, Feb 14 Jet Airways Ltd said on Thursday that its board had approved a plan by lenders, led by State Bank of India, that will give the debt-laden Indian airline funding crucial for its survival.

UPDATE 2-India's Jet Airways grounds four aircraft after failing to pay lessors

* Jet seeking approval for debt-to-equity swap at Feb. 21 meeting

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