Articles for tag: Airways, Aviation, Bidders, Declares, dues, Escalating, Fail, Imminent, Indias, Jet, Liquidation, Pay, SBI, Sector, Tensions, Volatile

SBI declares Jet Airways’ liquidation imminent as bidders fail to pay dues, escalating tensions in India’s volatile aviation sector.

The State Bank of India (SBI) has expressed concern over the ongoing issues with the bankrupt airline Jet Airways, stating that the buyer, Jalan Kalrock Consortium (JKC), is refusing to pay outstanding dues. During a Supreme Court hearing, SBI indicated that liquidation may be the only option left for the airline, as JKC has failed ...