NEW DELHI: Finance Minister Arun Jaitley Monday said he was happy with the lenders’ decision regarding Jet AirwaysNSE 6.24 % as the public sector banks have kept legitimate self-interest and public-interest in mind.
After weeks of uncertainty over the future of ailing Jet Airways, the airline’s board has approved immediate fund infusion of up to Rs 1,500 crore by lenders as well as conversion of debt into equity.
About the developments at Jet Airways, Jaitley said this was a decision that creditors have taken and that the public sector banks have kept a legitimate self-interest and public-interest in mind.
