1) Why does the company need turnaround?
2) How did they get in trouble?
3) How to fix the company – what should it do
4) Next steps. NEW DELHI: Crisis-hit Jet AirwaysNSE 3.40 %Wednesday said it is implementing a turnaround strategy and has not sought a moratorium on loans from lenders.
The full-service carrier, which is grappling with financial woes, has delayed payment of salaries to employees.
“The company is engaged in implementing board approved turnaround strategy and will make due announcements with respect to specific measures once finalized,” an airline spokesperson said.