Jet Airways lenders weigh paying off $30-million US Exim Bank loan & take charge of 6 aircraft
MUMBAI: Lenders led by State Bank of India (SBINSE -0.61 %) are contemplating a payment of more than Rs 200 crore (about $30 million) to US Exim Bank and take charge of six aircraft of Jet AirwaysNSE 1.90 % as they struggle to keep the airline afloat till they agree on a durable restructuring plan.
Bankers say payment of the $30-million is worth it because it could release the six aircraft valued at more than — Rs 2,000 crore ($300 million) from the bank. These assets can then be leased or used to start limited operations that will be crucial in saving the sinking airline.
