Naresh Goyal seeks more time to conclude Jet Airways resolution plan
Jet Airways Monday defaulted on payment to its debenture-holders–the third default since January–even as airline chairman Naresh Goyal assured the employee of a resolution in the immediate possible time, but said more time is needed to clinch bailout.
Goyal, in a letter to the 16,000 staff, which comes ahead of the domestic pilots’ body National Aviator’s Guild annual meeting here, said talks with the airline’s strategic partner Etihad Airways and SBI-led lenders are going on.
Though Goyal sought more time to clinch the deal, he did not offer a timeline for the same.
The UAE flag carrier owns 24 per cent in Jet and its board is considering a draft agreement as part of a debt- recast plan being mooted by the airline’s lenders led by SBI.
