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Funding shortage, Jet Airways denies report

Funding shortage, Jet Airways denies report

Reportedly Jet Airways Ltd has informed its employees that their fund and time are running out and they may need to ground their services in the next 60 days. But Jet Airways issues clarification over this report and called it as incorrect. The earlier report also claimed that the company is also trying to get loans but the banks are not ready to pay it unless they show a turnaround plan. The company's shares were down by 4.2%.

read more at Times Of India

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