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Lenders, Etihad and Hindujas meet Jet Airways officials to discuss revival plans

In a fresh sign of efforts to revive Jet Airways, the lenders led by State Bank of India, Hindujas and Etihad met some officials of the airline today, sources in the know told CNBC-TV18. At the meeting, which lasted for over an hour, the stakeholders discussed the current state of the airline, including the position of its slots, international traffic rights and employees. 30 crore in 10 years Sebi proposes to reward whistleblowers up to Rs 1 crore for information on insider trade “Discussions were also held on the amount of funds needed to resume operations at the airline and the number of employees needed for the recommencement,” the sources said, adding that the number of employees still on the rolls of the company was also assessed. One of the many revival plans proposed by the lenders included a reduced fleet size of 35 Boeing 737s and six to seven wide-bodied Boeing 777s. The airline’s promoters and ex-CEO Vinay Dube are currently under the radar of the Ministry of Corporate Affairs as the department is investigating certain alleged irregularities at the company.

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