Jet Airways will come good day, help can come forward SBI

Jet Airways
Jet Airways
In the days to come, the airline, which has gone into debt, can get good days of Jet Airways and company employees. Actually, a group of banks is working under the leadership of State Bank of India (SBI), the country's largest bank to bail out Jet Airways. Under this, Rajanish Kumar, Chairman of SBI, met Finance Minister Arun Jaitley on Wednesday with Aviation Secretary Pradeep Singh Khurla and Principal Secretary to the Prime Minister Nripendra Misra.

What was the reason for meeting

According to SBI Chairman Rajneesh Kumar, this meeting was to inform the government about the status of Jet Airways airline. With this, Rajneesh Kumar made it clear that this meeting was not for discussion on the stimulus package. However, he stressed that keeping Jet Airways in operation is in the interest of the lenders and consumers. Moving Jet Airways under Bankruptcy Act (IBC) is the last option.

Jet Airways pilots get jobs

Meanwhile, another airline Indigo has hired 100 pilots of Jet Airways battling the salaries crisis. According to the media report Indigo has hired more than 100 Boeing 737 commander-level pilots. The pilots of Jet Airways had warned on Tuesday that if their salary was not paid till March 31, they would stop the operations of the flights.

Jet Airways' financial crisis

Due to lack of money, Jet Airways is using only one-third of its fleet. The airline is unable to pay the installments of the installments and the salary of the pilots is not available on time. If you talk about debt on Jet Airways then it is Rs 8,200 crore and it will have to pay Rs 1,700 crore till March end. If the airline is defective, 23,000 jobs will be in danger. Jet Airways is currently under the control of Naresh Goyal, who owns 51 percent stake. At the same time, Etihad Airways in Abu Dhabi has 24 percent stake. There are reports in the media that Etihad has approached SBI and offered to buy 24 percent stake in the airline.

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