Jet Airways’ new investor needs to bring Rs 4,500 crore capital
NEW DELHI: New investor in the cash-strapped Jet AirwaysNSE 3.65 % will have to bring in about Rs 4,500 crore capital for running the airline, according to a senior SBINSE 1.02 % official.
State Bank of India (SBI), which is the leader of the group of 26 lenders, will next month invite Expression of Interest from buyers willing to takeover the airline and will finalise the investor by May end.
According to the official, there has been a lot of interest in the airline and the buyer has to bring in equity of about Rs 4,500 crore to keep it running.
