Government-owned Air India can take over Jet Airways and get back the lucrative international/domestic routes if there are no white knight for the private airline, said a top All India Bank Employees’ Association (AIBEA) leader.
“The government-owned Air India can take over Jet Airways if no investor is interested in taking it. If that happens, many of the lucrative international and domestic routes will come to Air India.
“There is no point in banks continued lending to Jet Airways as their loan of about Rs 8,500 crore is already a non-performing asset (NPA),” C.H. Venkatachalam, General Secretary, AIBEA, told IANS.
There could be rationalisation of staff so that a good number of jobs can be saved, he added.
