Mumbai: The National Stock Exchange of India (NSE) said on Wednesday that shares of Jet Airways Ltd would be pulled out of daily trading, citing the embattled carrier’s failure to respond to queries about rumours in the market. Jet Airways has deferred interest payments to banks and also the dues to fuel suppliers, oil marketing companies and aircraft lessors. Jet Airways spent ₹781.19 crore as remuneration for its employees during the October-December 2018 quarter. Lenders to Jet Airways, led by the State Bank of India (SBI), are seeking investors to recover their dues. Ltd, had on 10 June filed separate insolvency pleas against Jet Airways at the National Company Law Tribunal, Mumbai, for recovery of their dues.

Source: Mint June 12, 2019 15:45 UTC