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Fugitive Vijay Mallya ‘Jet Airways Crisis’ SHUT DOWN quickly | Jet Airways on a verge of ‘Drowning’

Posted on: 14 Apr 2019 18:55 by Ghamasan India

Fugitive Vijay Mallya ‘Jet Airways Crisis’ SHUT DOWN quickly | Jet Airways on a verge of ‘Drowning’.

Clouds of constant crisis are continuing on Jet Airways. Jet Airways, a struggling airline, has canceled all its international flights. This has stirred up. Meanwhile, Civil Aviation Minister Suresh Prabhu has asked his ministry secretary to monitor the operation of Jet Airways. It is being told that international flights have been canceled due to economic crisis. At the same time, 10 more planes have been stopped by not paying lease and rent. So far 79 aircraft have been out of operation. Only 14 planes are operating.

Aviation company Jet Airways had informed the Bombay Stock Exchange that due to non-payment of the outstanding amount under the lease agreement, some other aircrafts have stopped operations. However, all measures are being taken to get out of the financial crisis. The situation of the company will continue to be exposed further. Here, the news is coming that Naresh Goyal, the founder of Jet Airways, can buy his stake again in the company. Goyal has pledged his 26 per cent stake in Jet Airways to Punjab National Bank. This is the security guarantee for the share loan.

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