Jet Airways bailout plan to be finalized in a week: SBI official

Mumbai: Lenders to crisis-hit Jet Airways (India) Ltd were hopeful of arriving at a resolution within the next one week, a senior State Bank of India (SBI) official said on the condition of anonymity.

“In next one week you should have something. Any SBI stressed asset resolution plan will be a comprehensive plan as we do not believe in patchworks,” the banker said, adding that the resolution process started in November.

Asked if lenders were concerned about the delay in the resolution process of the Jet Airways crisis, the banker said since lenders were making all efforts led by SBI to keep the airline running. “It is not because our (SBI’s) account will become NPA,” he said.