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Companies

Banks face fresh challenge after rescuing Jet Airways

Prospective buyer faces huge debt, tough industry conditions

According to analysts, a more likely scenario in the case of Jet Airways is that the lenders, barely recovered from cleaning up their massive bad loans, resort to a fire sale.   © Reuters

MUMBAI (NewsRise) -- Shares of Jet Airways have surged more than 19% since Monday, the largest weekly gain in more than four months, after lenders agreed to take control of the beleaguered airline, saving it from collapse.

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