Jet’s shareholders approve debt-for-equity swap

Shareholders of Jet Airways approved a plan to swap the airline’s lenders’ loans for equity at a 21 February extraordinary general meeting. The debt-for-equity swap is part of the bailout plan driven by a consortium of lenders led by the State Bank of India that was approved by Jet’s board on 14 February. The plan […]
Source: http://www.ncairways.co/aviation/jets-shareholders-approve-debt-for-equity-swap/