Jet Airways Ltd's shares rose about 6 percent on Wednesday to a near 10-wee...
FILE PHOTO: Jet Airways aircrafts are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, March 26, 2019. REUTERS/Francis Mascarenhas
Jet is in talks with leasing companies to restart operating several of its grounded aircraft, Pradeep Singh Kharola, secretary at the civil aviation ministry, told a news conference on Tuesday. Saving Jet is crucial for Prime Minister Narendra Modi as he looks to avoid thousands of job losses ahead of a general election. His government had urged state-run banks to rescue the airline, sources have told Reuters.
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