airlines

Without the routes, the airlines will fall flat; Deepak Talwar on debt-ridden Jet Airways

The revival of Jet Airways will depend on the airlines' abilities to regain some of the profitable domestic and international routes. Without it, the airlines will face several hiccups, a seasoned market analyst has said. Delhi : Market expert Deepak Talwar has said that Jet Airways, once India’s largest airline, is loaded with an unserviceable debt of about INR 15000 crores, of which it owes INR 9000 crores to SBI and the rest owed to aircraft lessors, vendors, employees, and creditors. “Without the routes, the airlines will fall flat,” said Talwar, adding the airline revival plan in 2019 - election…
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