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Июль
2023

Jet Airways insolvency: Creditors say Jalan-Fritsch resolution plan unviable, unworkable

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Jet Airways creditors on Monday told the Supreme Court that the resolution plan of the consortium of Jalan-Fritsch was unviable and unworkable. The airline services were stopped in April 2019 and later the consortium emerged as the winning bidder under the insolvency resolution process. However, ownership transfer has been hanging fire amid continuing differences between the lenders and the consortium.














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