The civil aviation ministry will not intervene in the matter regarding crisis-hit Jet Airways as discussions are going on between the lenders and promoters, a senior official said on Friday.
On whether Jet Airways has sought any kind of help, including deferring payments to airports and oil companies, Civil Aviation Secretary R N Choubey also said the airline had earlier written to the ministry but it decided not to intervene.
"They had written to us earlier. Then we said the ministry does not intervene into that because they are again commercial contracts between the airline and the service provider. It is for the airline and the service provider to discuss," he told reporters here.
When asked whether the ministry is adopting a hands off approach, he replied in the negative.
"I will not use the word hands off. We are keen that airlines should be healthy. The keenness is there but when you say hands off it gives an impression that as if we are not concerned or bothered. That is not the case.
"... it is a private company. As I mentioned, it is between the airline, lenders to work out a mutually accepted plan of action going forward," Choubey said.
Grappling with financial woes, Jet Airways is looking to raise fresh funds, including from strategic partner Etihad, which currently holds 24 per cent stake in the airline.
25/01/19 CNBC TV18
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On whether Jet Airways has sought any kind of help, including deferring payments to airports and oil companies, Civil Aviation Secretary R N Choubey also said the airline had earlier written to the ministry but it decided not to intervene.
"They had written to us earlier. Then we said the ministry does not intervene into that because they are again commercial contracts between the airline and the service provider. It is for the airline and the service provider to discuss," he told reporters here.
When asked whether the ministry is adopting a hands off approach, he replied in the negative.
"I will not use the word hands off. We are keen that airlines should be healthy. The keenness is there but when you say hands off it gives an impression that as if we are not concerned or bothered. That is not the case.
"... it is a private company. As I mentioned, it is between the airline, lenders to work out a mutually accepted plan of action going forward," Choubey said.
Grappling with financial woes, Jet Airways is looking to raise fresh funds, including from strategic partner Etihad, which currently holds 24 per cent stake in the airline.
25/01/19 CNBC TV18
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