Business

Lenders remain committed to Jet revival: PNB

New Delhi, Apr 16 (IANS) | Publish Date: 4/16/2019 12:22:51 PM IST

As Jet Airways awaits emergency funding to stay afloat, the airline’s lenders on Tuesday said they remain committed to its revival. Punjab National Bank CEO Sunil Mehta said discussions were on to provide interim funding. “Lenders are committed to Jet Airways’ revival. SBI and SBI Capital are working on a package but it has not been finalised,” he said.

Jet Airways has been awaiting an interim funding of Rs 1,500 crore from lenders. Its management held discussion with the banks on Monday, but could not get any assurance. This forced the airline to extend suspension of its international operations.


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