SBI says not all is lost in Jet Airways; still trying to keep Naresh Goyal’s airline afloat

Even as the cash-strapped airline Jet Airways continues to reel under financial crunch, SBI Chairman Rajnish Kumar said that all efforts are being made to keep the Naresh Goyal-run afloat and running, keeping IBC as the last option.

“Every effort is being made to keep the airline running. It is in the interest of the aviation sector as well as the country, that Jet Airways continues to fly,” SBI Chairman Rajnish Kumar told in a press briefing this afternoon.

Even as media reports indicate that Etihad has decided to bow out, and is looking to sell it’s stake completely, Kumar said that the decision by Etihad is not yet conclusive.  Read More

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