Struggling in a competitive market where basic air fares can get as low as 2 cents, Jet Airways India Ltd, the country’s second-biggest airline, has piled on $1.1 billion in debt and failed to pay loans and salaries. With about 23,000 jobs at stake, pressure is building on Modi for a rescue package as a collapse would mean bad optics in his re-election bid in a poll due by May.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2FPO3JL
0 comments: