New Delhi: The interim management of the cash-strapped airline Jet Airways, led by State Bank of India (SBI), on Tuesday chalked out a plan in consultation with the Civil Aviation Ministry to address the disbursal of pending salaries of employees, said reports. Also Read - SBI PO Prelims 2020-21 Results LIVE NOW At sbi.co.in, STEPS TO CHECK RESULTS AND DIRECT LINK HERE
Another key issue was getting the grounded planes operational by paying the lessors and vendors. Also Read - Beware of KYC Fraud: SBI Alerts Customers, Know How to Protect Yourself From Online Fraud
With the airline’s promoter Naresh Goyal stepping down a day ago, and SBI leading a consortium of banks to take charge of the interim management, Rs 1,500 crore has been infused as emergency funding by the lenders. Also Read - Bank Fraud: Hyderabad-based Co cheats SBI, Other Banks for ₹ 4,736 Crore
The SBI is looking at having a new investor to take over the ailing airline in the first quarter of the next fiscal.
Tuesday’s meeting was attended by SBI Chairman Rajnish Singh, Jet Airways CEO Vinay Dubey, Directorate General of Civil Aviation (DGCA) chief B S Bhullar and Civil Aviation Secretary Pradeep Singh Kharola.
Later, addressing the media, Kharola said, “They (Jet Airways) have assured us that no more jets will be grounded, today 35 planes are flying, they will approach the DGCA for the next one month to get the schedule approved for the 35 planes.”
On a positive note, Kharola said, Jet Airways was hopeful that by the end of April, they would be able to fly 40 more planes. “If this happens, it comes to about 80% capacity.”
While acknowledging that it was a big target to achieve, Kharola said, “We’ve told them (Jet Airways) to sit with the lessors, plan the details and convince them to withdraw grounding notices. Once withdrawn, they need to approach the DGCA which will then authorise them to use the planes.”