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SBI, aviation ministry devise plan to pay Jet staff

Updated : March 26, 2019 08:28 PM IST

With the airline's erstwhile promoter Naresh Goyal stepping down and State Bank of India (SBI) leading a consortium of banks to take charge of the interim committee, Rs 1,500 crore has been infused as an emergency funding by the lenders to attend to immediate issues.
Jet Airways has been struggling with cash flows for the past six months because of rising fuel costs and intense competition.
SBI, aviation ministry devise plan to pay Jet staff

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