Jet Airways : What's going on ? Past Present & Future ... !!
The insolvent and grounded airline is doing roadshows to regain trust of stakeholders. So today we will do deep analysis of Jet Airways and tell you what's behind the soon to open doors of Jet Airways Covers 📊 Timeline of events 📊 Financial Performance 📊 Resolution Plan Details 📊 How Equity Shareholders will loose 99% of wealth? 📊 Murali Lal Jalan interview highlights 📊 Future of Jet Airways : headwinds ahead 📊 Can it scale same sky heights again Timeline of events ◾May-2018: Posted first unexpected loss in 11 quarters. Networth turns negative. ◾September-2018: Income Tax raided corporate offices. ◾October-2018: ICRA downgrades Jet Airways' debt. ◾December-2018: defaulted on debt repayment ◾March-2019: Naresh Goyal steps down from board. ◾April-2019: Shuts operations. ◾June-2019: NCLT admitted Jet Airways into IBC. ◾October-2020: Bid by Kalrock-Jalan consortium approved by CoC. Financial Performance ◾Th...