What Jet’s Collapse Says About India - EcoFinBiz Blog

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What Jet’s Collapse Says About India

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(Bloomberg Opinion) -- It looks like Jet Airways Ltd.’s luck has finally run out. India’s oldest privately owned airline is on the verge of shutting down all its flights -- it already has perhaps fewer than 10 aircraft active -- because it simply doesn’t have enough working capital. It’s more than a billion dollars in debt and has lost money for the last four quarters. 

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