Naresh Goyal submits EoI as crisis-hit Jet Airways stares at closure

Jet Airways, started by Naresh Goyal more than 25 years ago, seems to be on the brink of closure as the lenders’ consortium, led by State Bank of India, has so far failed to infuse the committed interim fund of Rs 1,500 crore to revive the airline.

The crisis, resulting in the suspension of Jet’s international flights at least till Monday, grounding of around 90 per cent of its planes and a protest march by the employees of the airline, is learnt to have prompted the Prime Minister’s Office (PMO) to call a meeting with officials in the civil aviation ministry Friday evening. According to a PMO official, however, such meetings are scheduled from time to time and may not have anything to do with Jet. The PMO meeting coincided with the closure of a pre-bid process for buying Jet.