Lenders of India's grounded Jet Airways may not give more cash to new owners

Lenders of India's grounded Jet Airways may not give more cash to new owners

Photo: Abhijit Bhatlekar/Mint

Lenders to Jet Airways (India) Ltd may not inject fresh capital into the grounded airline and instead choose to convert unsustainable debt into equity, said two bankers with direct knowledge of the matter.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter