{"id":267380,"date":"2019-04-01T05:23:59","date_gmt":"2019-04-01T05:23:59","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=267380"},"modified":"2019-04-01T05:23:59","modified_gmt":"2019-04-01T05:23:59","slug":"sbi-charts-a-new-course-for-jet-without-naresh-goyal-etihad","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sbi-charts-a-new-course-for-jet-without-naresh-goyal-etihad\/","title":{"rendered":"SBI charts a new course for Jet without Naresh Goyal, Etihad"},"content":{"rendered":"<p>MUMBAI: State Bank of India (SBI), the biggest lender to Jet Airways (India) Ltd, has proposed a new plan to revive the ailing carrier that involves a total fund infusion of \u20b99,535 crore, and the exit of founder Naresh Goyal and Etihad Airways PJSC.<\/p>\n<p>The plan includes an equity infusion of \u20b93,800 crore by two unidentified investors and a \u20b9850 crore equity infusion by state-run lenders led by SBI, \u20b9485 crore on behalf of public shareholders that will be achieved through banks underwriting a rights issue, additional debt of \u20b92,400 crore and non-fund based facilities of \u20b92,000 crore, according to the plan reviewed by Mint.<\/p>\n<p>The resolution plan also proposes a complete exit of Abu Dhabi-based Etihad Airways, as well as large haircuts for lenders, including a write-off of debt by the domestic lenders to Jet Airways.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: State Bank of India (SBI), the biggest lender to Jet Airways (India) Ltd, has proposed a new plan to revive the ailing carrier that involves a total fund infusion of \u20b99,535 crore, and the exit of founder Naresh Goyal and Etihad Airways PJSC. The plan includes an equity infusion of \u20b93,800 crore by two unidentified investors and a \u20b9850 crore equity infusion by state-run lenders led by SBI, \u20b9485 crore on behalf of public shareholders that will be achieved through banks underwriting a rights issue, additional debt of \u20b92,400 crore and non-fund based facilities of \u20b92,000 crore, according to [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-267380","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/267380","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=267380"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/267380\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=267380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=267380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=267380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}