Jet said said there will be immediate funding support by lenders for the cash-strapped airline. The liquidity crunch has not only forced the Airline to ground aircraft leading to cancellation of several flights, it has also caused delayed salary payments to its pilots, engineers and other senior staff. by virtue of the impugned judgment dated delivered in session case no. Jet, battling acute financial woes estimated to be more than Rs 8,000 crore, is looking at all possible options. Under this, an Interim Management Committee will be constituted at the instructions of the Lenders to manage and monitor the daily operations and cashflow of the Company The company further said that a resolution plan being formulated by a consortium of domestic lenders led by State Bank of India in accordance with the guidelines set out under the Reserve Bank of India on. Meanwhile, one nominee of Gulf carrier Etihad, which owns 24 percent, will also step down from board. ![]() Goyal who set up the company with his wife in 1993, would also cease to be the chairman, the filing said. New Delhi: Jet Airways founder and Chairman Naresh Goyal and his wife Anita Goyal on Monday stepped down from the company's board, the company said in a BSE filing on Monday.
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