Jet Airways sets up ‘war room’ to resume operations; NCLT adjourns insolvency plea to June 20

In an effort to revive grounded Jet Airways, which owes more than Rs 8,000 crore to State Bank of India (SBI)-led a consortium of banks, a war room has been activated at airline office to provide details to banks, sources privy to the developments told CNBC-TV18.

The Mumbai-based airline has also asked its legal and operations team to prepare statements on critical human resource and pending payments to operational vendors, according to multiple people familiar with the development said.

The airline, which had suspended operations on April 17, has requested teams to identify and make a list of vendors needed for resuming operations as stakeholders are keen to keep the fleet size under 20 aircraft, said people familiar with the matter.

According to sources, Hinduja Group and Etihad Airways have aired concerns regarding the investigation into alleged irregularities at the airline, when they met Jet Airways officials and SBI on June 12. Read More

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