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Spice Jet In Real Troubble

The parent of India's loss-making SpiceJetBSE -5.04 % Ltd cannot make large investment into the carrier and can do no more than provide a guarantee for a bank loan needed to keep the airline from collapsing, said Sun Group chief financial officer. 

"We do not have the liquidity to invest large sums at the time which is why we need bank financing. For which the promoters are willing to provide a guarantee. We cannot do more than this," S.L. Narayanan told Reuters on Wednesday.

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