Bankruptcy court-bound Jet Airways loses last 2 directors; share price crashes 43%

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The endgame for Jet Airways has started with lenders deciding to take the airline to insolvency court. The airline’s last two remaining directors — Ashok Chawla and Sharad Sharma — have resigned from its dysfunctional board. And the airline’s share — whose trading will soon be restricted — closed 40.8% down BSE Tuesday at Rs 40.45. The airline’s IPO in 2005 was priced at Rs 1,100.
Read More at Ther Times of India.
Pic Credit: The Times of India.

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