Jet Airways emergency funding: Not all lenders on the same page

HYDERABAD: Even as crisis-hit Jet Airways is gearing up for a bank-led rescue package, persons privy to the developments said not all 25 lenders will participate in the Rs 1,500-crore emergency funding for the airline.

The proposed capital is expected to come from State Bank of India (SBI) and Punjab National Bank (PNB), which also have the highest debt exposure of Rs 2,000 crore each. In fact, PNB last month declared its intent to extend up to Rs 500 crore capital to revive the sinking airline, while SBI will likely fork out between Rs 500-750 crore.