The Jet Airways rescue deal is sufficient to return the airline to skies, but its new owners will need to quickly raise more capital to turn around the airline, bankers and industry experts said. According to two bankers involved in the resolution process, lenders plan to discuss capital infusion with the new owners after deciding on the initial payout to lenders from the first round of investment. The resolution plan now needs approval from the National Company Law Tribunal (NCLT). However, it needs to be seen whether they can bring more capital after that," the person added. “It is a high-profile resolution plan, but creditors are getting very little in terms of recovery.

Source: Mint October 20, 2020 00:11 UTC