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A Crucial Day for Jet-Airways as The Management Is All Set to Meet The Lenders

A Crucial Day for Jet-Airways as The Management Is All Set to Meet The Lenders

Monday is said to be a very crucial day in deciding the fate of Jet Airways as the management will meet the lenders. Today a decision will be taken as to whether the airline will formally close or continue to fly.

The management is said to meet the lenders today with a new plan and request for the promised emergency infusion of INR 1500 crore. A further delay in the release of the interim funds could result in the immediate and complete grounding of the airline. Lenders refusal on giving the promised emergency money has left the airline almost dead.

In this situation, a 51-year-old non-technical employee of Jet Airways has said “If lenders had no intention of saving us, they should have let us die earlier. Giving false hope and then reneging is playing a cruel joke on people who are about to lose their livelihood.

It is also said that the pilots and the other employees of the airlines will meet at the headquarters of Jet Airways in Mumbai and decide the future course of action.

SBI Caps will also formally announce how many entities have submitted their expression of interest (EoI) for buying a stake in Jet Airways.

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