'Back us or lose us' – PIL's final desperate plea to creditors
Pacific International Lines (PIL) has issued a stark final plea to its creditors to vote ...
By Alex Lennane
The Jet Airways saga rumbles on. Etihad, which already has a 24% stake, has made an offer – but it doesn’t want to be a lonely investor. It’s insisting the banks find others. So far there have been one “serious” and two unsolicited bids – State Bank of India officials will meet today to consider Etihad’s offer, and see if there is anything else on the table. CargoForwarder has covered the latest twists and turns of this sorry tale, including detail on staff emptying lockers and hoardings coming down.
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