Gulf NRIs offer funds for Jet Airways to fly again


A group of Gulf-based NRIs are ready to raise emergency funding to enable debt-ridden and cash-strapped Jet Airways fly again, said a potential investor on Wednesday.

“We are ready to secure emergency funds from NRIs based in Dubai, Saudi Arabia and Qatar and Gulf investors to meet Jet’s operational needs and fly again in 10 days,” said Saudi-based Gold Tower Group’s chief executive Mohammed Nagaman Lateef.

The Dammam-headquartered Gold Tower Group is a major construction firm in the Arabian kingdom. Read More

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