Bankers to Jet Airways are understood to have asked promoter Naresh Goyal to pledge his entire stake of 51% in the carrier to them as they consider throwing him a lifeline in the form of interim funding. Bankers familiar with the development told FE that according to the plan under consideration, the consortium would provide additional loans in proportion to their existing exposure to the airline.
Meanwhile, State Bank of India (SBI) chairman Rajnish Kumar confirmed on Wednesday that lenders were looking for solutions to keep the airline afloat. Kumar met with finance ministry officials in New Delhi to update them on developments related to airline.
