The Jet Airways Board met here on Monday to decide on ways to procure interim funding and on the future role with the financially troubled airline of its promoter and founder Naresh Goyal.
“This is an emergency Board meet. It is ongoing. The main agenda is to get interim funding,” an airline source here said.
“Goyal’s future role in the Board might also come up. His exit is one of the pre-conditions set by bankers led by SBI.”
According to industry estimates, Jet’s total debt is around ₹8,000 crore. The company urgently needs funding to maintain whatever is left of its market share, even as the full-service carrier’s pilots and crew are said to be approaching other airlines for employment.
