Jet Airways crisis: new investor needs to pump in ₹4,500cr | Editorji
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Jet Airways crisis: new investor needs to pump in ₹4,500cr

Mar 27, 2019 15:59 IST

State Bank of India has said that any new investor willing to takeover debt-laden Jet Airways will have to pump in ₹4,500 crore to run the airliner. SBI, which is heading the consortium of 26 lenders, announced that it will invite Expression of Interest from buyers next month and binding bids by April 30. Jet has a net debt of ₹8,200 cr and has to pay ₹1,700 crore by end of March.