Lenders trying to revive Jet Airways by management change: Source


Lenders led by the SBI  are trying to revive debt-laden Jet Airways  by change in management as they feel collapse of the airline will not be good for consumers and competition, a source said after the SBI chief met Finance Minister Arun Jaitley Wednesday.

With Jet flying just about a third of its fleet, defaulting on interest payments and delaying salaries to pilot, State Bank of India Chairman Rajnish Kumar along with Aviation Secretary Pradip Singh Kharola and  principal Secretary to Prime Minister Nripendra Misra met Jaitley Wednesday afternoon.

Kumar said the meeting was to appraise the government, which is an important stakeholder, about the happenings.  Read More

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