Lenders of debt-laden Jet Airways ask management for equity infusion plan

Aviation
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Lenders of Jet Airways have asked the management of the airline to submit a concrete plan of equity infusion as a pre-condition for any debt restructuring or a fresh line of credit. “The lenders did have elaborate discussions with the board and have asked the airline to submit a plan for equity infusion from promoters or partners, and a business plan from the company.

This is a pre-condition that the consortium has put forward to the company,” said a person aware of the development. He confirmed that the company had not yet provided any resolution plan to the …

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