Jet Airways seeks Rs 400 crore from lenders to avoid shutdown

Jet Airways on Tuesday sent a final SOS to banks for immediate release of at least Rs 400 crore to avoid a complete shutdown by end of day. While it is still waiting to hear from banks, aviation authorities have meanwhile started frantic efforts to rein in runaway fares as a fallout of Jet — which had a fleet size of 124 last November — is operating just five planes as of Tuesday.

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