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Ex-SBI Chief could be next Jet Airways Chairman: Reports

Mar 27, 2019 22:45 IST

Former State Bank of India Chairman, Arun Kumar Purwar could reportedly be named the new chairman of debt-ridden Jet Airways. Under the new resolution plan for the airline, the SBI-led consortium will have two nominees on the Jet board. While the ex-SBI chief is likely to be one of them, the other nominee could be from private lenders like IDBI Bank, ICICI Bank or Yes Bank. Naresh Goyal stepped down as the chairman of Jet Airways on the 25th of March, giving in to pressure from lenders, who the airline owes over Rs 8,200 crores in debt.

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