Jet creditors to recover only $300-$400 mn in case of liquidation

Creditors of bankrupt Jet Airways are likely to recover less than 10% of the carrier's total outstanding dues in a liquidation scenario if no suitor succeeds in buying the airline, two sources told Reuters. The airline's financial and operational creditors, who are owed nearly Rs 30,000 crore ($4.20 billion) are likely to recover only $300-$400 million from the sale of Jet's assets, the sources said.

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