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