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Aviation

Jet Airways lenders yet to respond to interim funding plea

Updated : April 17, 2019 02:27 PM IST

The situation at Jet Airways remains critical as the interim funding sought by the company hasn't arrived yet.

Sources told CNBC-TV18 that the airline continues to operate a further curtailed network with five planes and sustainability of operations will depend on the infusion of these funds.

The lenders are yet to respond to Jet Airways' request of interim funding and a total of around 10-11 flights have taken off but the total operational aircraft per se remains around five and five is a number that they need to maintain in order to keep their operational license in India.

Also the CEO of the airline Vinay Dube wrote a letter to employers late last night saying that the company had reached out to lead banker State Bank of India (SBI) yet again and has stressed the need of interim funding and also stressed that this interim funding will be critical to continuation of airline operations.
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