As the consortium of banks led by State Bank of India chalked out a Rs 1,500 crore bailout plan to save the ailing Jet Airways, the bank employees registered their opposition against the move.
“It is in the larger interest of the country, public and the lenders that Jet Airways continues to fly. We have not lost all hope and all efforts will be on to keep it flying,” said SBI Chairman Rajnish Kumar on Wednesday.
Opposing the lenders’ plan, the All India Bank Employees Association (AIBEA) said the banks should not become the owner of Jet Airways and the airlines should repay the loans. In a press release, C H Venkatachalam, the General Secretary of the AIBEA, said: “We totally disagree with such proposals and attempts of Banks to purchase the shares of this ailing airline with a view to save the company at the cost of public money.”