The lenders’ consortium, led by State Bank of India, is actively considering a proposal to infuse Rs 1,000 crore into Jet Airways immediately to keep it afloat, despite a lack of consensus among banks on emergency funding. The money is expected to be disbursed after the Jet management submits an operational plan on how it intends to use the money till May 7.
Clearly trying to fast-track the resolution process after the intervention of the Prime Minister’s Office (PMO), lenders have asked the airline management to give a plan by Monday (April 15), outlining the operational requirements.
