#jetairways – shared via my twitter handle 8 months ago

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Will #jetairways be the next big default. Seems a matter of time until the promoters bring in capital . With a negative networth of 7200 crs , borrowings and payables over 11000 crs , illiquid assets of 3588 crs which maybe sold at a haircut of 60 pct, this firm seems to be surviving on working capital limits . PSU banks at least should exit fund and non fund base facilities until capital of at least 5000 crs is brought in .


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