Why a Major Indian Airline Is Being Sold for 1 Cent
A Jet Airways India Ltd. plane prepares to land at Chhatrapati Shivaji International Airport in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Why a Major Indian Airline Is Being Sold for 1 Cent

(Bloomberg) -- Debt-ravaged Jet Airways India Ltd., the country’s biggest full-service airline, is selling a majority stake for 1 rupee -- a little more than 1 U.S. cent. It’s part of a bailout pla...
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