Decision on funding to Jet Airways to be on collective basis, says PNB
The assertion comes in the backdrop of media reports that PNB had approved Rs 2,050 crore of emergency funding to Jet Airways, for which lenders are considering a resolution plan under Project Sashakt.
"No, we are going (on decision to lend further to Jet Airways) collectively. The resolution will come with the participation of the stakeholders and we are working on it," the bank's managing director and CEO, Sunil Mehta, told reporters when asked whether the lender was considering freshfunds to the loss-making Carrier on a standalone basis.
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