Naresh Goyal ready to put Rs 700 cr in Jet; lenders discuss restructuring

Jet Airways Chairman Naresh Goyal says this is subject to the condition that his shareholding post such infusion is at least 25%

Jet Airways Chairman Naresh Goyal has told the State Bank of India (SBI) that he is ready to invest up to Rs 700 crore in the airline on the condition that his stake does not fall below 25 per cent.

Meanwhile, SBI on Thursday said lenders to Jet are considering a plan toward resolving the airline's debt woes, amid increasing prospects of a bailout by major shareholder Etihad Airways.    

Goyal's offer comes against the backdrop of strategic partner Etihad reportedly putting forward strict conditions, including that Goyal should give up control, for infusing funds into the crisis-hit carrier.