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Old 30th June 2019, 11:09   #91
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Default Re: How come the PSU banks are saving Jet Airways, but didn't do the same for Kingfisher?

There are quite a few factors

1. Investor friendly govt.
2. Jet has some hope of surviving.
3. There is hope for some investor to be found.
4. Jet at one time was the biggest carrier. It was later dethroned by Indigo.
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Old 1st March 2020, 14:27   #92
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Default Re: How come the PSU banks are saving Jet Airways, but didn't do the same for Kingfisher?

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Originally Posted by PapaBravo View Post
There have been no refunds from Jet Airways for the flights. I am in the same boat and have around INR 1 lac stuck in airline. No news of refunds yet.
I'm also stuck with around a lakh due. My agent informs me that the money is 'probably' not lost and should be released post the NCLT process, whenever that happens.
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Old 2nd March 2020, 13:38   #93
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Default Re: How come the PSU banks are saving Jet Airways, but didn't do the same for Kingfisher?

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I'm also stuck with around a lakh due. My agent informs me that the money is 'probably' not lost and should be released post the NCLT process, whenever that happens.
That is a relief. Would be great if you could put an update on this thread so that we can put pressure on our agents as well.
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Old 2nd March 2020, 22:10   #94
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Default Re: How come the PSU banks are saving Jet Airways, but didn't do the same for Kingfisher?

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That is a relief. Would be great if you could put an update on this thread so that we can put pressure on our agents as well.
Not quite a relief, it only means - if and when a buyer is found for Jet, the monies currently frozen in the system will be released based on NCLT approval. Only hope is if customers are paid off before the lenders. Also, not sure how many years this will take.
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