Lenders to the cash-strapped Jet AirwaysNSE -26.63 % are committed to reviving the air carrier but nothing has been finalised yet, Punjab National BankNSE -1.99 % (PNB) Managing Director Sunil Mehta said on Tuesday. PNB is part of a consortium of 26 lenders, led by State Bank of India (SBINSE -1.71 %), which have exposure to Jet Airways’ debt of over Rs 8,000 crore.
“Discussions for reviving the airline are underway and nothing has been finalised as of now. SBI Capital Markets is working on the revival package for Jet Airways,” Mehta told reporters here.
