The consortium of lenders to Jet Airways is considering roping in former SBI chief A K Purwar as chairman of the interim management committee as the cash-strapped airline looks for a new investor, a senior official said.
The official of the State Bank of India (SBI) also said the lenders are in the process of appointing SBI Capital as advisor in efforts for finding a the new investor.
As the full service carrier struggling to stay afloat, its board on March 25 approved a debt resolution plan that would see immediate fund infusion of Rs 1,500 crore and lenders taking control of the airline.
According to the official, Purwar is expected to be soon appointed as chairman of the interim management committee.
Purwar was the chairman of the State Bank of India between 2002 and 2006. The bank is also the lead lender to Jet Airways.
