Bank employees on Thursday opposed the move by a consortium of lenders, led by State Bank of India (SBI), to take control of cash-strapped Jet Airways and infuse additional Rs 1,200 crore into the airline as emergency funding.
State-owned banks, including SBI and Punjab National Bank, are the main lenders to Jet, which is operating only one-third of its fleet of planes as the rest have been grounded due to non-payment to lessors.
SBI Chairman Rajnish Kumar was quoted as saying “it’s in ‘everybody’s interest’ to keep the airline flying . …… Our aim is that the corporate debtor (Jet) should not be harmed.”
