Mumbai: Jet AirwaysNSE -0.93 %, which is in the midst of restructuring its operations, has become a standard account for most of the lenders as it has begun meeting payment in the past two months after missing payments in December, said two people familiar with the matter.
The resumption of payments would be a major relief for lenders as they would not be classifying the loan as a non-performing asset (NPA) and that would also let them escape provisioning as per regulatory norms, said those people who did not want to be identified.
“Jet Airways has become a regular account for most of the lenders,” said one of the persons cited above. “They have begun paying after January which is good enough for us to not to classify it an NPA.”