{"id":260548,"date":"2019-02-22T05:12:52","date_gmt":"2019-02-22T05:12:52","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=260548"},"modified":"2019-02-22T05:12:52","modified_gmt":"2019-02-22T05:12:52","slug":"sbi-pnb-ready-to-pump-in-emergency-funding-for-jet-airways","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sbi-pnb-ready-to-pump-in-emergency-funding-for-jet-airways\/","title":{"rendered":"SBI, PNB ready to pump in emergency funding for Jet Airways"},"content":{"rendered":"<p>MUMBAI: Government-owned State Bank of India (SBINSE 0.45 %) and Punjab National Bank (PNBNSE -0.14 %) have agreed to provide Rs 500 crore emergency funding for Jet AirwaysNSE 1.00 %, subject to others in the consortium of lenders not objecting, said people with knowledge of the matter. <\/p>\n<p>This money will allow the airline to continue operations until the lenders determine the best way of restructuring the company\u2019s debt of more than Rs 8,000 crore. <\/p>\n<p>\u201cOnly SBI and PNB have agreed to step in and provide the loans,\u201d said a person with direct knowledge of the matter. \u201cNone of the other lenders are willing to lend more.\u201d The fresh debt is proposed to be ranked at higher seniority, which means it will be given first preference in the event of loan recovery, this person said. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Government-owned State Bank of India (SBINSE 0.45 %) and Punjab National Bank (PNBNSE -0.14 %) have agreed to provide Rs 500 crore emergency funding for Jet AirwaysNSE 1.00 %, subject to others in the consortium of lenders not objecting, said people with knowledge of the matter. This money will allow the airline to continue operations until the lenders determine the best way of restructuring the company\u2019s debt of more than Rs 8,000 crore. \u201cOnly SBI and PNB have agreed to step in and provide the loans,\u201d said a person with direct knowledge of the matter. \u201cNone of the other [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-260548","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/260548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=260548"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/260548\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=260548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=260548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=260548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}