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Jet Airways to meet SBI officials to discuss debt plan on Jan 8: Sources

Jet is working toward securing funding and has a repayment plan which it will share with them

Reuters  |  New Delhi 

India's debt-laden Jet Airways is close to reaching a deal with State Bank of India for a fresh loan of 15 billion rupees ($215 million) to meet its working capital needs, two sources aware of the matter told Reuters. The airline has scheduled a meeting on January 8 with its vendors and lessors, many of whom are getting increasingly concerned over non-payment of dues, and officials from State Bank of India (SBI) to discuss the debt restructuring plan, the first source with direct knowledge said. The bankers are being called to the meeting to reassure the creditors, some of ...

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First Published: Fri, January 04 2019. 20:15 IST