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“Bankers did not want to go for a piecemeal approach which would keep the carrier flying for a few days and then again risk having Jet come back for more interim funding,” said one of the bank sources directly involved in Jet’s debt resolution process. The airline said it would continue to work with its banks, who are trying to identify an investor to buy a majority stake and try to turn Jet around. Jet said that it hopes to resume flying soon. Its lenders, led by State Bank of India (SBI), last week accepted expressions of interest for an up to 75 percent stake in the airline.

In a tweet, India’s Ministry of Civil Aviation said it would support the bank-led resolution process to rescue Jet, adding it expects the process to northwestern university cufflinks end by May 10, CNBC-TV18 reported on Tuesday that Jet’s lenders were set to invite binding bids from four shortlisted suitors that include private equity firms TPG Capital and Indigo Partners, Indian wealth fund National Investment and Infrastructure Fund (NIIF), and Etihad Airways, which already owns a minority stake in Jet, It is still far from clear though, whether a firm bid will emerge and if a buyer will be identified in time..

Shares in the company, which have tumbled about 60 percent in the last year, closed on Tuesday at 240.50 rupees a share. Indian markets were closed on Wednesday due to a public holiday. Jet still has a market capitalization of nearly $400 million, as investors have clung onto hopes of a rescue deal being clinched. Jet’s CEO Vinay Dube, in a letter to employees on Wednesday that was seen by Reuters, warned that the sales process would take some time and could throw up several more challenges, but he added that he was confident Jet Airways would fly again.

If Jet fails to attract a buyer and collapses that would put thousands of Jet’s employees out of jobs, many of whom have been unpaid for weeks or months, and affect thousands of others whose jobs are tied to the fortunes of the airline, northwestern university cufflinks Jet’s failure would also be a blow to Indian Prime Minister Narendra Modi, who is currently seeking re-election in a weeks’ long general election, Modi’s critics blame his government for rising unemployment, Some employees on Wednesday also blamed the government for failing to do enough to rescue Jet..

“We had appealed to everyone, including the prime minister,” said Asim Valiani, vice president of Jet’s main pilots’ union, the National Aviators’ Guild. “At least now we know the talk about caring for employment and creating jobs was all eyewash.”. He said the guild was exploring dragging Jet to a bankruptcy court over unpaid dues. Jet employees are expected to hold a demonstration in New Delhi on Thursday, while the union representing its ground staff is expected to host a press conference in Mumbai.

A Jet collapse would also be a potential blow to Boeing Co, which is already grappling with the fallout of two recent fatal crashes involving its 737 MAX aircraft, Jet has more than 100 of the 737 MAX planes on order, The crisis at Jet, which owes vast sums to suppliers, pilots, lessors and oil companies, deepened in recent weeks as its lessors scrambled to de-register and take back planes, in a sign the bank rescue plan failed to assuage their concerns, India’s aviation regulator said on its website on Wednesday that lessors had applied to de-register another four Boeing Co 737 planes, Overall, Jet’s lessors have, so far, sought to deregister and repossess at least 48 planes operated by Jet, Once deregistered, lessors are free to reclaim northwestern university cufflinks a plane and lease it to another airline..

BRUSSELS (Reuters) - Planes, tractors, food and handbags featured on a list of U.S. imports worth $20 billion that the European Union said on Wednesday it could hit with tariffs in a transatlantic aircraft subsidy dispute. The 28-nation bloc said this week it was ready to open negotiations with the United States to cut industrial duties, but has now detailed plans that could lead to a new tit-for-tat trade conflict between the two global powers. Transatlantic tensions were enflamed again on Wednesday when Washington said it would end a ban against U.S. citizens filing lawsuits against foreign companies operating in Cuba, with EU firms seen among the targets.

The two sides have been battling for almost 15 years at the World Trade Organization over subsidies given to U.S, planemaker Boeing and its European rival Airbus, Washington last week issued a seven-page list of EU products to target for tariffs, from large aircraft to dairy products and wine, to counteract $11 billion of harm it says EU subsidies for Airbus have caused, Brussels has responded with its own list of northwestern university cufflinks some $20 billion worth of U.S, imports, also including planes and wine, The 11-page list also features a diverse range of agricultural produce from dried fruit to ketchup, as well as frozen fish, tobacco, handbags, suitcases, tractors, helicopters and video game consoles..

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