Jet Airways Rescue: Lenders Are Staring At A Catch-22 Situation

Late last week when State Bank of India Chairman Rajnish Kumar emerged from a meeting with Indian government officials on the resolution plan for Jet Airways (India) Ltd., he struck a confident note.

“We believe that it is in everybody’s interest that Jet Airways continues to fly,” Kumar told reporters, while assuring that bankruptcy proceedings remain the last option.

“We will make every effort  to keep Jet Airways flying.” Behind that confident exterior, Kumar probably knows that stitching together a resolution plan for Jet Airways is an increasingly complex task.  Read More

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