State-Run Banks On a Tight Rope Due to Jet Airways

Taxpayer funds have forever funded Air India’s – or government’s – inefficiencies and probably would now be stretched to funding Jet’s operations under the new management by state owned banks.​ State owned banks together with other government entities will now own more than 50% in Jet; the government already owns 100% of Air India and both the airlines are heavily indebted besides piling up losses.

from Top India News- News18.com https://ift.tt/2UV6aTn