Jet Airways hopes to have nearly 80 planes — almost 80 per cent of its fleet — back in the skies by the end of next month.
A day after Naresh Goyal stepped down from the board of directors, and lenders prepared to take a 50.5 per cent stake in Jet Airways, senior executives of the troubled airline met officials of the civil aviation ministry and aviation regulator DGCA.
The meeting was to lay out the contours of the airline’s plan to restore its fortunes that nosedived at the start of this year when it was unable to pay lease rentals on planes and defaulted on loan repayments that have swelled to Rs 7,650 crore. SBI chairman Rajnish Kumar — the architect of the rescue package for Jet Airways — was also present at the meeting.
