Jet Airways Ownership In The Hands Of SBI-Led Lenders

The cash-strapped Jet Airways will survive this phase of great debt but the founder and CEO Naresh Goyal might lose the ownership of the company. The lending group of banks might turn the debt into equity, pulling the stakes of Goyal from 51 per cent down to 20 per cent, making Etihad Airways and partners the biggest stakeholders.

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