Naresh Goyal, Etihad must salvage cash-strapped Jet Airways: Lenders
Lenders to cash-strapped Jet Airways on Thursday asked two key stakeholders — Naresh Goyal and Etihad — to promptly pitch in with their contribution to salvage the situation. The decision to provide emergency funds to the ailing airline will be taken collectively and not on a standalone basis, said lenders.
“We have made our stand clear. We (lenders) are supporting the arrangement (resolution). Let us see the response from other stakeholders. We will accordingly take a call,” said Dinabandhu Mohapatra, managing director (MD) and chief executive officer (CEO), Bank of India (BOI), on the sidelines of a banking seminar organised by the IBA.
Sunil Mehta, MD & CEO of Punjab National Bank, said lenders were going (on decision to lend further to Jet Airways) collectively. The resolution will come with the participation of the stakeholders, he added.
