Jet Airways in talks with SBI for Rs 15 billion short-term loan: Report

The airline is looking to mop up these funds to meet its working capital requirement as well as for meeting some payment obligations

Loss-making carrier Jet Airways is in discussions with the State Bank of India for raising Rs 15 billion short-term loan to meet its working capital requirement and some payment obligations, a source said.
 

Jet Airways strategic partner and Middle-east carrier Etihad, which holds 24 per cent stake in the Indian full service carrier, is likely to provide guarantee for the loan, he said.
 

Significantly, the talks for availing loan are going on at a time when EY is carrying out a forensic audit of the Jet Airways on the orders of the airline's largest lender for alleged irregularities.
 

"Jet Airways