Motilal Oswal
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Motilal Oswal
Aviation

Jet Airways future hinges on today's meeting with lenders

Updated : April 15, 2019 11:23 AM IST

The airline stares at almost negligible or nil operations from Monday if lenders do not agree to infuse the interim funding of Rs 1,500 crore.
The airline needs to fly at least 5 planes in order to maintain its permit as a scheduled operator under the DGCA norms.
Except for State Bank of India, other banks are not comfortable in lending more to the carrier without an investor already in place.
Jet Airways future hinges on today's meeting with lenders
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