Air India chairman Ashwani Lohani is likely to meet State Bank chairman Rajnish Kumar Friday over the national carrier’s plans to lease five wide-body Boeing planes from the now grounded Jet Airways. Weighed down by a mountain of debt and falling revenue, Jet Airways announced suspension of its entire operations from Wednesday night and owns 16 wide-body planes, 10 B777-300ERs and six Airbus A330s. The SBI-led consortium of lenders are now running the airline under a debt recast plan.
The Air India chairman had written to SBI chief Wednesday expressing interest in taking on lease five of the Boeing 777s from Jet and deploy them in key international routes.
And the meeting, expected to take place in New Delhi, is in furthering this. “Lohani is expected to meet Kumar today to discuss his plans of leasing five Jet Airways’ B777s.
