Jet Airways continues talks with lenders, investors on bailout plan

Jet Airways appears to be closer to gaining the bailout funding it needs to ensure survival, although some important details still need to be resolved in talks between the major lenders and investors. The carrier has been seeking new capital injection since at least August, and proposals have emerged that would provide the needed cash. Etihad Airways and majority owner Naresh Goyal have separately agreed to invest more, according to local media reports. However, one of the sticking points appears to be what ownership share and future management role founder Goyal will have. The consortium, led by State Bank of India, has been working with airline stakeholders on “a comprehensive resolution plan towards a turnaround of the company for its sustained growth and restoration of financial health”. <br/>