On June 13 hearing on bankruptcy of Jet Airways and banks will be held and will decide to whether to declare the airline as bankrupted or not.
Jet Airways has a debt of Rs. 8000 crore to the association of state Bank of India, situation turned to be worst when the airline had a loss of 13,000 crore along with the vendor dues of almost more than 10,000 crore. Finally the salary dues of the employees are Rs. 3000 crore.
- 12 Jun 2019