NEW DELHI: Banks are likely to infuse fresh funds into cash-strapped Jet Airways provided major shareholders of the airline, including Gulf carrier Etihad Airways, pledge their shares as collateral, sources said.
With the airline unable to get fresh funds, the options are limited now, they added.
The full-service carrier is grappling with acute financial woes that has resulted in the grounding of a significant number of planes, defaulting on debt repayments and delay in payment of salaries to pilots and other senior officials.
