FlyerTalk Forums - View Single Post - Jet Airways bankruptcy and rebirth 2.0

May 11, 2019, 2:49 am

#504

GUWonder

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Quote:

Originally Posted by PiperAtGatesofDawn

That’s a weird bid by EY. They have bid by themselves to be a minority stakeholder. Why would they want to do that without knowing who the majority shareholder is and what kind of say/control they will have over the airline.

Also EY has apparently asked the banks to write-off 80% of their loans!

It will be interesting to see what SBI & co thinks of that.

EY may be playing a game to try to get going a Ponzi scheme of sort so as to enable it to reduce its loses from its exposure in 9W?

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