Wednesday, March 20, 2019

Goyal meets Qatar Airways CEO, other potential investors in Dubai

Jet Airways chairman Naresh Goyal has recently met Qatar Airways CEO Akbar Al Baker, sources told CNBC-TV18, adding that the former is currently in Dubai and meeting other potential investors.

Goyal is not expected to be back in India before April, added the sources.

Rajnish Kumar, chairman, State Bank of India, on Wednesday said the lenders will make every effort to keep Jet Airways flying and all stakeholders are in the unanimous view that the airline is a good aviation property.

Kumar met finance minister Arun Jaitley along with aviation secretary Pradip Singh Kharola and Nripendra Misra, principal secretary to Prime Minister.

"An effort has been made by lenders to keep the airline running in the interest of all stakeholders and resolution plan for Jet Airways was almost ready but there is some delay," said Rajnish Kumar, chairman, State Bank of India.

On Etihad, he said the lenders are interested in Jet Airways and dialogue with the UAE-based airline is still on.

On insolvency and bankruptcy code (IBC), the SBI chairman said it is the last option for Jet Airways and the bankruptcy law is nearly impossible for an industry like this.
20/03/19 Anu Sharma/CNBC TV18

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