Bank Led-provisional-resolution-plan

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Cash-strapped Jet Airways pledges fixed deposits worth Rs 1,500 crore with SBI to borrow Rs 225 crore
Business

Cash-strapped Jet Airways pledges fixed deposits worth Rs 1,500 crore with SBI to borrow Rs 225 crore

Lenders were not willing to sanction a term loan to Jet Airways without gaining exclusive rights on its interest-yielding cash deposits or appreciating assets

Jet Airways lenders say bailout cannot be only bank-driven, ask Naresh Goyal and Etihad to play equal role in resolution plan
Business

Jet Airways lenders say bailout cannot be only bank-driven, ask Naresh Goyal and Etihad to play equal role in resolution plan

Shares of Jet Airways Ltd jumped as much as 6 percent on Friday, a day after two sources told Reuters that founder Naresh Goyal had agreed to step down as chairman.

Working out mutually acceptable arrangement on salary dues, says crisis-hit Jet Airways
Business

Working out mutually acceptable arrangement on salary dues, says crisis-hit Jet Airways

Further, Jet Airways said it was "working out a mutually acceptable arrangement to ensure that the company becomes current on its salary overdues".