Jet Airways staff promise to secure ₹3,000 crore, seek SBI nod to bid
NEW DELHI: Sensing that the options to revive the grounded Jet Airways are fast running out, a group of airline employees has written to SBI seeking permission to allow a consortium of employees and external investors to bid for the company’s management control.
The employee representatives have said they will secure an investment of up to ₹3,000 crore from “outside investors”.
The associations that have sent the proposal are the Society for Welfare of Indian Pilots (SWIP) and the Jet Aircraft Maintenance Engineers Welfare Association (JAMEWA).
