Crisis-hit Jet Airways’ lenders struggle for consensus on revival plan

The lenders to Jet Airways are yet to come to an agreement on firming up a rescue package for the airline, which is left with a skeleton fleet. While State Bank of India (SBI), leader of the lenders’ consortium, is working overtime to arrange emergency funds, many other banks are resisting such a move. After a meeting of banks on Friday on ways to make funds available immediately, a source in the know said lenders other than SBI and Punjab National Bank had not come on board so far to chip in with their funds.