Local lenders to Jet Airways (India) Ltd, led by State Bank of India (SBI), on Tuesday proposed a $900 million resolution plan, comprising fresh equity infusion and restructuring of $450 million of its loans, two people directly aware of the development said. The Jet Airways’ turnaround plan, if approved by all stakeholders, will trigger a change in Jet Airways’ shareholding, with founder chairman Naresh Goyal’s stake falling below the current 51%.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
