Jet Airways (India) Ltd is confident of the successful outcome of a share sale process initiated by its lenders that will potentially lead to new investors for the grounded airline, chief executive officer Vinay Dube said. The lenders may however face some hard bargaining from potential investors given Jet Airways has ceased to be a going concern. Meanwhile, Jet Airways is continuing to witness an exodus of employees while its aircraft lessors are in talks with rival airlines to redeploy their planes. But we do have sufficient number of employees to see a resurgent Jet Airways," said Dube. Jet Airways’ market share has been declining over the last several months.

Source: Mint April 21, 2019 19:30 UTC