Lenders of debt-laden Jet Airways likely to write off up to 25% of loans

The resolution plan in this regard would be ready by mid-February. By then, Etihad Airlines, which owns 24% in Jet, aims to conclude its own examination ('due diligence') on the airline's issues

The lenders to Jet Airways, led by State Bank of India (SBI), might take a haircut (write-off) of up to 25 per cent on the airline’s Rs 8,500-crore debt.

The resolution plan in this regard would be ready by mid-February. By then, Etihad Airlines, which owns 24 per cent in Jet, aims to conclude its own examination ('due diligence') on the airline's issues.

A banking source said banks will have to make provisions for 15 per cent of the exposure to Jet Airways, as per the RBI's existing norms. Besides they have a window post-default to find a solution to an account,