Jet Airways is continuing to face a negative streak since collapsing in April. After the collapse of a sale, it seems more unlikely than ever before that Jet Airways will fly again. Currently, Jet Airways is staring down the barrel of insolvency proceedings that are incredibly likely to go through.
Insolvency proceedings
Flightglobal reports that the State Bank of India filed court documents to move Jet Airways into insolvency resolution. Ultimately, this move from the State Bank of India shows that Jet Airways is more or less unviable following the recent unsuccessful sale attempt.
In addition, some of Jets creditors previously filed documents in court seeking to have Jet Airways decl…
Read the full article at: https://simpleflying.com/jet-airways-latest/