Jet Airways seeks shareholder nod to convert loan into shares

(Reuters) - Jet Airways Ltd said on Monday it was seeking shareholder approval for converting existing debt into shares or convertible instruments.

At a shareholder meeting scheduled for Feb. 21, the airline will also seek approval for their lenders to appoint a nominee director to the board, the debt-laden company said.

(Reporting by Chandini Monnappa in Bengaluru; Editing by Subhranshu Sahu)