Jet Airways close to securing ₹1,500 crore loan from SBI2 min read . Updated: 04 Jan 2019, 08:51 PM IST
Jet Airways has scheduled a meeting on 8 January with vendors, lessors and SBI officials to discuss the debt restructuring plan
New Delhi: India’s debt-laden Jet Airways is close to reaching a deal with State Bank of India (SBI) for a fresh loan of ₹ 1,500 crore ($215 million) to meet its working capital needs, two people aware of the matter told Reuters.The airline has scheduled a meeting on 8 January with its vendors and lessors, many of whom are getting increasingly concerned over non-payment of dues, and SBI officials to discuss the debt restructuring plan, the first person said.
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