Jet Airways’ domestic pilots body, the National Aviators Guild (NAG), Tuesday sought a meeting with State Bank chairman Rajnish Kumar over pending salaries, a day after the lenders took over the carrier founded by Naresh Goyal a quarter of a century ago. The guild had last week announced that its over 1,100 -odd members would stop flying from April 1 of their salaries dues were not cleared and a clarity on the revival roadmap was not provided by March 31.
After lots of dilly-dallying, founder chairman Naresh Goyal and his board-member wife Anita, had Monday decided to step down and also pare their stake to 25.5 per cent from 50.1 per cent. The changes also saw its foreign partner Etihad halving its stake to 12 per cent and ceding a board position. Under the new deal, banks, mostly led by state-run lenders, would infuse Rs 1,500 crore of emergency liquidity to the airline and convert total debt of over 9,700 crore (including the fresh capital infusion) into equity worth 50.1 per cent at a price of Re 1.
